The REIT sector took a tumble last year, declining by 12% year on year, due to a combination of high inflation and surging interest rates.
Luckily, it’s not all doom and gloom for the asset class.
REITs are mandated by law to pay out at least 90% of their earnings as distributions, thereby making them perfect for income-seeking investors.
What’s more, not all REITs are reacting the same way to the headwinds that are battering the sector.
Several REITs have continued to report higher distribution per unit (DPU) despite the challenges.
Here are four that recently raised their DPU.
AIMS APAC REIT (SGX: O5RU)
AIMS APAC REIT, or AAREIT, is an industrial REIT with a portfolio of 29 properties (26 in Singapore, and three in Australia).
The REIT recently released its fiscal 2023’s third quarter (3Q2023) earnings for the period ending 31 December 2022....