The REIT reporting season is well underway and income-focused investors will be curious to know how REITs are managing the twin worries of high inflation and surging interest rates.
A few REITs such as Mapletree Logistics Trust (SGX: M44U) and Parkway Life REIT (SGX: C2PU) have managed to report year on year increases in distribution per unit (DPU).
Within the Mapletree family of REITs, Mapletree Pan Asia Commercial Trust (SGX: N2IU) also reported a 6.1% year on year rise in its DPU.
However, the third member of the trio, Mapletree Industrial Trust (SGX: ME8U), or MIT, saw its DPU fall year on year due to a larger unit base and higher operating expenses.
The CEO of the manager for MIT, Mr Tham Kuo Wei, is not fazed.
He says that the REIT will focus on strengthening its portfolio through accretive acquisitions and developments and also explore divestments as part of its portfolio rebalancing effort....