REIT investors are probably smiling as REITs report their latest earnings or business updates recently.
The nascent recovery has enabled most REITs to report healthier numbers and improved financial metrics.
It’s a welcome relief for income-focused investors who fretted over the sustainability of distributions as REITs doled out tenant support measures last year.
They need not have worried, though.
REITs are structured to pay out at least 90% of their taxable income so they can enjoy tax benefits.
It was made clear that many REITs had deferred their distribution per unit (DPU) to later periods as a means of conserving cash.
Investors who kept the faith are now being duly rewarded as DPUs are improving once again.
Here are three overseas REITs that managed to grow their year on year DPU by double-digits.
Sasseur REIT (SGX: CRPU)
Sasseur REIT is a retail outlet mall REIT with a portfolio of four retail...