ESR-Logos REIT (SGX: J91U)
ESR-Logos REIT, or ESRLR, is an industrial REIT with a portfolio of 81 properties located in Singapore, Australia, and Japan. The REIT’s total assets under management (AUM) stood at S$5.5 billion as of 30 June 2023. For the third quarter of 2023 (3Q 2023), gross revenue jumped 19.2% year on year to S$290.7 million....The REIT sector has taken a beating this year as the combination of high inflation and surging interest rates dampens sentiment towards this asset class.
The iEdge S-REIT Leaders Index has fallen 10.8% in the last 12 months to near its lowest point in the last five years.
Investors are worried that REITs will report lower distributions because of these headwinds.
However, there is a small bunch of REITs that have bucked the trend.
These REITs reported their latest business updates that hint at potentially higher distributions in their next quarter.
We profile four of these REITs that you may wish to include in your buy watchlist.
