After a tough 2020, this year promises to offer some respite to embattled REITs.
Investors are expecting 2021 to be a year of recovery as COVID-19 vaccines are being disseminated around the world.
More and more people are being inoculated as each day passes.
As conditions improve, lockdowns and border closures will eventually be lifted.
In tandem, income-seeking investors are rejoicing as some REITs have reported better numbers for their fiscal 2020 earnings.
Here are five REITs that saw a year on year rise in distribution per unit (DPU).
Keppel REIT (SGX: K71U)
Keppel REIT owns a portfolio of grade A commercial assets in key business districts within Asia.
The REIT has assets under management (AUM) of over S$8 billion in Singapore, Australia and South Korea.
With commercial property being a resilient asset class, Keppel REIT has announced a sturdy set of financial numbers.
For the fiscal year 2020, rental...