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Can REITs Raise Their Dividends in 2021?
By The Smart Investor  •  December 3, 2020
Income-seeking investors had to endure a wild ride this year. As the pandemic swept across the globe, many businesses have been forced to adopt better ways of doing business, while others have managed to thrive despite the difficulties. Many, though, have slashed their dividends as they conserve cash to survive this crisis. REITs have not escaped unscathed either. Commercial and retail REIT Mapletree Commercial Trust (SGX: N2IU) reported a 9.9% fall in its distribution per unit (DPU) for its fiscal 2021 first-half. Heartland retail REIT Frasers Centrepoint Trust (SGX: J69U), or FCT, which recently released its full fiscal year 2020 earnings, saw its DPU plunge by 25.1% year on year. Even healthcare REIT First REIT (SGX: AW9U) was not spared. For its third quarter 2020 earnings, the REIT reported a sharp 48.7% year on year drop in its nine-month DPU. The healthcare REIT’s share price has also taken a beating as it has had to restructure some of its master lease agreements....
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By The Smart Investor
The Smart Investor is co-founded by David Kuo, Joanna Sng, and Chin Hui Leong. The company was formed in late 2019 from the ashes of the Motley Fool Singapore. The Smart Investor believes that everybody can learn how to invest, smartly. We aim to educate people on how to invest smartly by providing investing education, stock commentary and market coverage for Singapore and around the world.
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