REITs have been constrained from growing effectively in the past several years because of higher interest rates. Such high rates have set a higher hurdle rate for acquisitions, making it tough for REITs to conduct yield-accretive ones. However, REITs can still employ a variety of methods to increase their rental income organically. One great method uses asset enhancement initiatives, or AEIs, to improve or spruce up assets and make them more attractive to tenants. These AEIs can also result in positive rental reversions as tenant demand increases. Here are four Singapore REITs that are using AEIs to grow their distributions.

Mapletree Pan Asia Commercial Trust (SGX: N2IU)

Mapletree Pan Asia Commercial Trust, or MPACT, has a portfolio of 17 commercial properties across four countries in Asia – Singapore (4), Hong Kong and China (3), Japan (9), and South Korea (1). These properties have a total lettable area of 10.5 million square feet and are valued at S$16 billion....