As REITs will always be relevant to the income investor, I have been thinking of how best to increase my investment in REITs again in an environment of increasing interest rates and I decided I should choose REITs which have a better plan or chance to improve their income. Hedging interest rate risk is very well and good but this only kicks the can down the road because sooner or later, higher interest rates will hit home. So, having the ability to increase income is still key as to whether a REIT will do well with interest rates increasing over time. Very importantly, I also decided that it is probably a good idea to diversify more geographically and to reduce my portfolio's reliance on Singapore. Remember I said this in a recent blog post on Sabana REIT? However, things will get even more challenging for REITs from here on with interest rates expected to rise further. Industrial REITs here ......