The
REIT sector is seeing some light at the end of the dark tunnel as
interest rates ease and
inflation cools.
Income investors will be pleased to know that more REITs are now reporting higher
distributions.
Last week, we featured
four Singapore REITs that managed to raise their distributions despite tough macroeconomic conditions.
Here are another three Singapore REITs that managed to beat the odds and declare higher payouts.
Sabana REIT (SGX: M1GU)
Sabana REIT is an industrial REIT that owns a diversified portfolio of 18 properties in Singapore.
The REIT’s assets under management (AUM) stood at more than S$1 billion as of 31 December 2024.
Sabana REIT reported a strong set of earnings for the second half of 2024 (2H 2024) and for the full year.
Gross revenue inched up 2.7% year on year for 2H 2024 to S$58.1 million.
The higher revenue was because of strong positive rental reversions across the portfolio.
Net property income (NPI) increased by 8.9% year on year to S$30.3 million....