you’ve been observing REITs for the last eleven months, you will be aware that the worst-hit ones are from the hospitality and retail sub-sectors.
Hospitality REITs have had to slash their distribution per unit (DPU) drastically to conserve cash and wait for the recovery amid a pandemic.
Retail REITs have had to dole out tenant relief measures to prop up ailing tenants, resulting in sharp drops in DPU as well.
Commercial REITs, on the other hand, have been much less impacted thus far.
Although there has been talk of a decline in demand for office space due to more people telecommuting, this has yet to translate to lower occupancy or rental rates.
Here are three commercial REITs that have reported resilient numbers and that look poised to pay out higher DPU.
Keppel Pacific Oak US REIT (SGX: CMOU)
Keppel Pacific Oak US REIT, or KORE, is a REIT that invests in a portfolio of commercial assets located in key growth markets in the US....