S-Reits’ Q3 DPU decline mostly in line with expectations

SINGAPORE-LISTED real estate investment trusts (S-Reits) mostly reported weaker distributions for the financial period ended September as higher financing costs weighed on performance.

The subdued showing came even as most Reits posted higher gross revenue and positive rental reversions.

Analysts told The Business Times (BT) that the performance in the latest quarter largely met their expectations, even though they remain watchful on further impact from higher rates and operating expenses.