The REIT sector has been battered over the past year by surging interest rates and soaring inflation. As a result, it has been tough to find REITs that managed to increase their distribution per unit (DPU). We uncovered four such REITs in early February that upped their DPUs. Income investors should take note: here are another four REITs that increased their DPU.

ARA US Hospitality Trust (SGX: XZL)

ARA US Hospitality Trust, or ARAHT, is a hospitality trust with a portfolio of 36 select-service hotels across 18 states in the US. The portfolio contains a total of 4,700 rooms. For 2023, revenue inched up 3.8% year on year to US$175.5 million as the lodging market continued to recover. Net property income (NPI) increased by 15.1% year on year to US$47.7 million. The hospitality trust’s distribution per stapled security (DPSS) rose 12.3% year on year to US$0.0343. The US gross domestic product (GDP) growth outperformed expectations for the fourth quarter of 2023 (4Q 2023)...