There are brighter days ahead as borders reopen and economies sputter back to life.
Back home, the easing of COVID-19 measures has brought relief to a wide swath of businesses.
As companies see higher demand for goods and services, REITs also stand to benefit as the financial health of their tenants improves.
Already, several REITs have reported healthy increases in revenue, net property income (NPI) and distribution per unit (DPU).
Here are four such REITs that managed to grow their DPU in their recent earnings release.
Mapletree Industrial Trust (SGX: ME8U)
Mapletree Industrial Trust, or MIT, has total assets under management (AUM) of S$8.8 billion as of 31 March 2022.
The industrial REIT owns 86 properties in Singapore and 57 in the US comprising a mix of data centres, light industrial buildings, and business parks.
For its fiscal 2022 (FY2022) ended 31 March 2022, MIT reported a 36.4% year on year jump in gross revenue to S$610.1 million....