4 S-REITs that raised DPU in January
Due to the confluence of high inflation and rising interest rates, the REIT sector suffered horribly last year, falling by 12% year over year. Fortunately, the outlook for the asset class is not entirely bleak.![]()
In addition, not all REITs are responding the same way to industry pressures. Despite the difficulties, there are several REITs that have continued to report greater distribution per unit (DPU).
Here are four S-REITs that increased their DPU in January:
1. AIMS APAC REIT
AIMS APAC REIT (AAREIT) is an industrial REIT with a 29-property portfolio (26 in Singapore, and three in Australia).
The REIT just announced its third quarter fiscal 2023 (3Q2023) earnings. Its gross revenue shot up 14.1% year on year to S$42 million, and net property income (NPI) rose 14% year on year to S$30.9 million, while DPU increased by 10.2% year on year to S$0.0259.
2. Mapletree Logistics Trust
Mapletree Logistics Trust (MLT) owns a portfolio of 186 properties in eight countries with assets under management (AUM).
MLT has also announced its 3Q2023 earnings, with gross revenue rising by 8% year on year to S$180.2 million for the quarter. NPI improved by 7.3% year on year while DPU edged up 1.9% year on year to S$0.02227.
3. Parkway Life REIT
Parkway Life REIT (PLife REIT) owns a portfolio of 61 properties comprising three Singapore hospitals, 57 Japanese nursing homes, and strata-titled units in Malaysia.
For 2H2022, PLife REIT's gross revenue gained 14.2% year on year to S$69.8 million, driven by higher rents of properties. Besides, its NPI increased by 18% year on year to S$65.8 million and DPU crept up 2.7% year on year to S$0.0732.
4. Starhill Global REIT
Starhill Global REIT (SGREIT) is a retail cum commercial REIT with 10 properties in Singapore, Australia, Malaysia, Japan, and China worth around S$2.9 billion.
SGREIT recently released its financial results for its fiscal 2023’s first half. Gross revenue went up 4.1% year on year to S$94.7 million, while NPI rose 6.7% year on year to S$74.3 million. DPU climbed 2.2% year on year to S$0.0182.
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Small bull : it seems u like these 4 REITs more than others
JJ Hou : Mapletree log is the lousiest among all in terms of mkt pr
Felayt OP Small bull :![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
71518529 : Your still Hot!! What stocks are you buying these days? Hope all is well in Singapore