Earnings seasons has once again begun. This week a host of real estate investment trusts (REITs) will be releasing their earnings update for their latest quarters.
In particular, I will be keeping a close eye on two REITs:
Mapletree Commercial Trust (SGX: N2IU) Mapletree Industrial Trust (SGX: ME8U)
Here’s what to look out for.
1. Mapletree Industrial Trust
With a portfolio of 101 properties, including a 40% stake in 14 data centres in the United States, Mapletree Industrial Trust (SGX: N2IU) is one of Singapore’s largest industrial real estate investment trusts.
The trust has been a model of consistency in the past with distribution per unit increasing consistently over the past nine years.
In the last reporting quarter ended 31 December 2018, the REIT again delivered impressive results, with distributable income up 9.0% and distribution per unit (DPU) up 6.6% from a year ago.
Mapletree Industrial trust currently has a