Most or all of the REITs in my portfolio have completed announcing their 1Q2016 results. There are some hits and some misses. As shown in the table I summarized below, Distribution Per Unit (“DPU”) increases for 6 out of 11 REITS I am holding while DPU fell for the other 5.
DPU fell for those REITs that focuses on a single industry sector such as industrial, retail or office. REITs like Suntec REIT which has a combination of office and retail survived the economy downturn. Mapletree Commercial Trust did fairly well too as it has a combination of office and retail (Vivocity).
Those with overseas assets did well too. Frasers Commercial Trust has both Singapore and Australian properties. Lippo Malls Indonesia Retail Trust did well as its malls are in Indonesia.
Having said so much, I just want to highlight the importance of diversification of portfolio.
Date Of Release
Dividend Per Unit (DPU)
Increase or Fall
|Frasers Commercial Trust||Wednesday, 20 January 2016||DPU Increase|
|CapitaMall Trust||Friday, 15 April 2016||DPU Increase|
|Keppel Reit||Thursday, 14 April 2016||DPU Fall|
|Soilbuild Business Reit||Thursday, 14 April 2016||DPU Fall|
|Suntec REIT||Thursday, 21 April 2016||DPU Increase|
|Mapletree Commercial Trust||Tuesday, 26th April 2016||DPU Increase|
|Parkway Life Reit||Tuesday, 26th April 2016||DPU Fall|
|Far East Hospitality Trust||Wednesday, 27th April 2016||DPU Increase|
|Cambridge Industrial Trust||Thursday, 28th April 2016||DPU Fall|
|Lippo Malls Indonesia Retail Trust||Tuesday, 3rd May 2016||DPU Increase|
|OUE Hospitality Trust||Friday, 6th May 2016||DPU Fall|