Mapletree Industrial Trust (SGX: ME8U)
Mapletree Industrial Trust, or MIT, is an industrial REIT with a portfolio of 56 properties in the US, 83 in Singapore, and one in Japan. The REIT’s assets under management stood at S$9 billion as of 30 June 2024. MIT reported an encouraging set of earnings for the first quarter of fiscal 2025 (1Q FY2025)....The REIT sector may have taken a beating in the past two years, but there may be a glimmer of hope on the horizon.
Interest rates may be heading down soon, although the timing for this is still uncertain.
The sharp surge in interest rates in the past two years led to higher finance costs across the board, resulting in REITs reporting lower distributions.
With the current earnings season in full swing and an expectation that the sector will see better days ahead, here are four Singapore REITs that should be on your radar.