Income investors rejoice when dividends payouts are hiked.
For REITs, their ability to sustain their distribution per unit (DPU) is what makes them attractive investment candidates.
With the requirement for REITs to pay out at least 90% of their taxable income, REIT investors can enjoy a steady stream of passive income.
The stronger cohort of REITs have demonstrated the ability to grow their DPU alongside their assets over time.
By conducting opportunistic acquisitions, these REITs slowly grow their portfolio of real estate assets.
DPU should also grow in tandem, leading to a higher share price as investors are willing to pay more for quality REITs.
By investing in such REITs, you end up enjoying the best of both worlds as you receive higher dividends along with greater capital gains.
Here are three REITs that recently announced acquisitions that will help to boost their DPU.
Mapletree Industrial Trust (SGX: ME8U)
Mapletree Industrial Trust, or...