Income investors are seeing better days ahead as the US central bank has signalled its intention to gradually reduce interest rates. In particular, REIT investors should heave a sigh of relief as the pressure on finance costs should ease. As interest rates fall, REITs should find it easier to refinance their debts at more attractive rates. Falling interest rates also make acquisitions easier to conduct as the threshold for an acquisition to be yield accretive will decline in tandem. Here are three Singapore REITs that recently announced acquisitions that are set to boost their distributions.

CapitaLand Integrated Commercial Trust (SGX: C38U)

CapitaLand Integrated Commercial Trust, or CICT, is a retail and commercial REIT with a portfolio of 21 properties in Singapore, two in Germany, and three in Australia. The REIT’s assets under management (AUM) stood at S$24.5 billion as of 31 December 2023. CICT announced the acquisition of a 50% interest in ION Orchard Mall in Singapore at an agreed property value of...