Singapore REITs continue to grapple with challenges posed by unfavourable foreign exchange rates, coupled with elevated borrowing costs as benchmark
interest rates remain at a two-decade high.
As such, it’s no surprise to see most REITs reporting year-on-year declines in distribution payouts for their latest earnings.
However, six Singapore REITs managed to defy the odds, posting an improvement in their
distributions despite the challenging environment.
- CapitaLand India Trust (SGX: CY6U)
CapitaLand India Trust (CLINT) has strategically positioned itself to capitalise on the rapid growth of India’s IT sector, and the expanding logistics and industrial asset classes.
In addition, CLINT has been actively diversifying its portfolio into emerging asset classes such as data centres.
As of 30 June 2024, CLINT’s portfolio boasts a diversified range of assets, including 10 IT business parks, one logistics park, three industrial facilities, and four data centre developments located across five major Indian cities.
In the first half of 2024 (1H 2024), CLINT delivered a robust financial performance, with total...
