It has not been an easy time for the REIT sector as the combination of inflation and higher interest rates weigh on distributable income. Many REITs reported higher operating and finance expenses that put pressure on their distribution per unit (DPU). Despite the headwinds, there are still a handful of REITs that bucked the trend and reported a higher DPU. Here are four Singapore REITs that managed to do so.

Mapletree Logistics Trust (SGX: M44U)

Mapletree Logistics Trust, or MLT, is an industrial REIT with a portfolio of 187 properties spread across eight countries. The logistics REIT has total assets under management (AUM) of S$13.3 billion as of 31 December 2023. For the first nine months of fiscal 2024 (9M FY2024), MLT reported a mixed set of financial numbers. Revenue inched up 0.2% year on year to S$552.9 million but net property income (NPI) dipped by 0.2% year on year to S$479.6 million. DPU edged up 0.7% year on year to S$0.06792 for 9M FY2024....