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Interest costs weigh on S-Reit distributions, but not all is doom and gloom for long-term investors

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Raphael Lim

Raphael Lim

Published Wed, Feb 14, 2024 · 05:00 AM
    • Reit managers have characterised 2023 as a year when safety and survival was the key theme. But they are expressing greater optimism over growth in the coming years as the rate outlook and investor sentiment improve.
    • Reit managers have characterised 2023 as a year when safety and survival was the key theme. But they are expressing greater optimism over growth in the coming years as the rate outlook and investor sentiment improve. PHOTO: BT FILE

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    THE latest results from Singapore-listed real estate investment trusts (S-Reits) for the financial period ended December do not appear to give investors too much to cheer about.

    Of the 22 S-Reits that have reported distribution figures in their results or business updates so far, 17 reported declines in their distribution per unit (DPU) in the latest reporting period.

    Just four S-Reits – Mapletree Logistics Trust, CapitaLand Ascott Trust, CapitaLand Integrated Commercial Trust and Parkway Life Reit – achieved higher DPU.

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    Hock Lock SiewS-ReitsFinancial results

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