The share prices of Singapore REITs have been impacted by higher interest rates. Here are three rare Singapore REITs that managed to up their dividends last year despite industry headwinds. What happened? 2023 was a watershed year for the REIT sector. A sharp surge in interest rates, along with elevated levels of inflation, caused many REITs to experience a jump in operating and finance expenses. The result is that more than three-quarters of the REITs that reported a decline in distribution per unit (DPU). Even REITs that were seen to be resilient such as CapitaLand Ascendas REIT also reported a decline in dividends. Earlier, we shared three Singapore REITs which reported an increase in dividends in the first nine months of 2023. How does the scorecard look like for the whole of 2023? Just six Singapore REITs reported an increase in DPU, including CapitaLand Integrated Commercial Trust, Parkway Life REIT, and Mapletree Logistics Trust....