REITs are a great vehicle for providing investors with a flow of passive income.
They need to pay out at least 90% of their earnings as distributions to enjoy tax benefits, making them perfect for income-seeking investors.
What’s more, REITs own a portfolio of physical properties that hold their value during recessions and are also professionally managed.
Aside from doling out a stream of cash inflows, some REITs have also grown their asset base and distribution per unit (DPU) over time.
Some methods used by the REIT manager include positive rental reversions, asset enhancement initiatives, and acquisitions.
Here are three Singapore REITs that recently conducted acquisitions to grow their property portfolios and DPU.
United Hampshire US REIT (SGX: ODBU)
United Hampshire US REIT, or UHREIT, is a US grocery-anchored shopping centre and self-storage REIT.
It owns a total of 24 properties across eight states in the US with property valued at US$688.5 million as of 31 December 2021....