The REITs have just concluded releasing their latest quarterly results.
What you would notice is that most REITs faced a challenging slow down that they have not seen in the past. Particularly so, the industrial segment in Singapore are facing some serious headwinds.
Amongst the industrial REITs, Mapletree Industrial Trust (dividend yield 6.4%), for the first time, showed some weakness in their lower end segments. The smaller REITs, such as Soilbuild Business (dividend yield 9.3%), Aims Amp (dividend yield 7.9%), Cambridge Industrial (dividend yield 8.4%), Sabana (dividend yield 9.6%), Cache Logistics (dividend yield 9.1%) showed struggling occupancy and rental revisions.
Only Viva Industrial Trust (dividend yield 9.3%), which owns mainly business park assets, are doing better since their occupancy was low to begin with.
The economy is slowing down, velocity ......