Last January, I wrote about REIT Distribution Demystified and Manipulatable Components, explaining how a REIT can inflate or deflate the DPU. Since then, I have provided these breakdowns through the S-REITs Dashboard & S-REITs Data. For progressive updates, refer to the following posts: 1) SREITs Dashboard, Data & Result Date Updates - Added DPU Breakdown, Updated DPU Trend & Others 2) SREITs Data Updates - Added Distribution Breakdown Tab 3) S-REITs Dashboard & S-REITs Data Updates - Added DPU component %, Re-designed SREITs Data and Others Photo by Leeloo The First Since March last year, I have separated fee payables in units and income support from the distributable Income from operations. However, I haven't updated my previous post to explain this. Now, let's revisit and fine-tune that content. For simplicity, all non-cash items like net changes in fair value for properties/financial derivatives, unrealized foreign exchange, depreciation, amortization, and straight-line rental have been omitted. Income Statement (Statement of Total Return/Profit & Loss)...