Sentiment for REITs has been weak in the last few months. Singapore’s core inflation is running at a 14-year high of 4.8%, caused by a surge in prices of food, electricity, and gas. Investors expect expenses to rise for REITs which will negatively impact distributable income. To make matters worse, interest rates are also on the rise globally because of the Federal Reserve’s move to hike the Federal Funds Rate. Higher rates translate to more expensive borrowing costs that will also crimp REITs’ distributable income. Due to these worries, Mapletree Logistics Trust (SGX: M44U), or MLT, has seen its unit price decline by 15% in the past year. Does the logistics-focused REIT have what it takes to continue doing well? Industrial is a resilient sub-segment Poor sentiment for the REIT sector may be affecting the unit prices of REITs across the board, but let’s not forget that not all REITs are built the same....