5 Singapore REITs That Raised Their DPUs

The Smart Investor10-16

Singapore REITs faced headwinds for most of the first half of 2025, with pressure from elevated high interest rates, which raised financing costs and weighed on valuations. Yet, five REITs managed to...

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href=https://thesmartinvestor.com.sg/5-singapore-reits-that-raised-their-dpus/><strong>The Smart Investor</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Singapore REITs faced headwinds for most of the first half of 2025, with pressure from elevated high interest rates, which raised financing costs and weighed on valuations. \nYet, five REITs managed to...</p>\n\n<a href=\"https://thesmartinvestor.com.sg/5-singapore-reits-that-raised-their-dpus/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK6131","symbol_name":"数据中心房地产信托","start_time":0,"source_url":"https://thesmartinvestor.com.sg/5-singapore-reits-that-raised-their-dpus/","article_id":"2575768735","we_media_id":null,"thumbnails":["https://thesmartinvestor.com.sg/wp-content/uploads/2025/10/Keppel-DC-REIT-Tokyo-Data-Centre-3-300x200.png"],"rights":{"source":"thesmartinvestor_highlight","url":"https://thesmartinvestor.com.sg/5-singapore-reits-that-raised-their-dpus/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2575768735","pubTimestamp":1760571000,"columns":[],"sourceInfo":{"source_id":"thesmartinvestor_highlight","name":"The Smart Investor"},"weMediaInfo":null,"summary":"Despite market headwinds, these five Singapore REITs delivered higher DPUs, showing that quality assets and prudent management still pay 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operational fundamentals. \nHere’s how these five REITs rewarded investors even in a challenging macroeconomic environment.\nCapitaLand Integrated Commercial Trust (CICT, SGX: C38U)CapitaLand Integrated Commercial Trust, or CICT, delivered a 3.5% year-on-year (YoY) increase in distribution per unit (DPU) to S$0.0562 for the first half of 2025 (1H2025), despite a marginal decline in revenue (down 0.5% to S$787.6 million). \nNet Property Income (NPI) fell on the year by 0.4% to S$579.9 million, but distributable income surged 12.4% YoY to S$411.9 million, boosted by income contributions from the ION Orchard acquisition and lower interest expenses.\nCommitted occupancy remained high at 96.3% as of 30 June 2025, with the retail portfolio achieving a 7.7% rental reversion in 1H2025, while office portfolio saw a 4.8% rental reversion over the same period.\nCICT remains positive on the planned asset management enhancement initiatives (AEIs) for Lot One and Tampines Mall, with a combined estimated cost of S$61 million, and management targeting a 7% return on investment for both projects.\nOn the acquisitions front, the purchase of the remaining 55% stake in CapitaSpring’s office tower looks to strengthen CICT’s presence in Singapore’s tight-supply office market.\nCICT is benefiting from recovering retail traffic and steady office demand. \nThe trust has successfully combined leasing, AEIs, and portfolio reconstitution to grow assets and DPU, with notable initiatives including IMM Building’s S$48 million AEI and selective high-payoff projects such as CapitaSpring. \nThrough strategic divestments and reinvestments, CICT continues to enhance portfolio quality and deliver long-term value.\nKeppel DC REIT (SGX: AJBU)Keppel DC REIT is a data centre REIT with a portfolio of 24 data centres spread across 10 countries.\nThe total assets under management (AUM) of the REIT stood at around S$5 billion as of 30 June 2025.\nFor 1H2025, revenue climbed 34.4% YoY to S$211.3 million, with NPI rising 37.8% YoY to S$182.8 million.\nDPU for 1H2025 increased by 12.8% YoY to S$0.05133, on the back of strong portfolio performance and contributions from recent acquisitions. \nThe trust also achieved 51% positive rental reversion, as demand for data centres is robust amid tight supply in Singapore.\nThe management anticipates that the positive trend will continue over the next 24 months.\nPortfolio occupancy remains strong for the first half of the year, standing at 95.8% as of 30 June 2025, with a weighted average lease expiry (WALE) of 6.9 years. \nIn September 2025, Keppel DC REIT announced the acquisition of Tokyo Data Centre 3 for JPY82.1 billion (approximately S$707 million). \nThe facility is fully leased to a leading global hyperscaler, and includes annual rent escalations over its 15-year term.\nKeppel DC REIT continues to benefit from digitalisation tailwinds and resilient demand for data hosting, underpinning stable growth and long-term value creation. \nElite Commercial REIT (Elite UK REIT, SGX: MXNU)Elite UK REIT is a Singapore-listed real estate investment trust (REIT) focused on investing in commercial properties across the United Kingdom. \nThe REIT recently declared a 10% YoY increase in (DPU to GBP 0.0154 (S$0.027).\nAs of 30 June 2025, Elite UK REIT’s portfolio occupancy was solid at 95.0%, benefitting from stable, long-term leases with government tenants. \nThe trust’s WALE stands at 2.9 years, with its niche focus on long leases and stable, mission-critical tenants, providing a reliable income stream and flexibility for future leasing opportunities.\nHowever, currency movements between GBP and SGD can impact distributions for Singapore dollar unitholders.\nNonetheless, Elite UK REIT continues to maintain a resilient portfolio, combining stable occupancy, solid lease structures, and careful currency management to deliver consistent returns to unitholders.\n\nAIMS APAC REIT (SGX: O5RU)AIMS APAC REIT (AA REIT) is a Singapore-listed trust that invests in industrial, logistics, and business park properties across the Asia-Pacific region, with a primary focus on Singapore and Australia. \nIt owns a diversified portfolio of 40 properties in the industrial, logistics, and business park space.\nThe REIT reported a DPU of S$0.096 for the fiscal year ending 31 March 2025, increasing by 2.6% on the year. \nAs of 30 June 2025, AIMS APAC REIT reported an overall portfolio occupancy of 93.7%, or 96.5% on a committed basis excluding AEI and impacts from ongoing tenant transitions.\nThe REIT maintains a WALE of 4.4 years supported by a diversified tenant base.\nAA REIT continues to unlock value through proactive asset upgrades: AEIs at 7 Clementi Loop is scheduled to complete by 2QFY2026, 15 Tai Seng Drive has successfully completed and targeted for an NPI yield of above 7.0%.\nOn the portfolio front, AA REIT completed the divestment of 3 Toh Tuck Link, with proceeds earmarked for debt repayment and redeployment into higher-yielding assets. \nAA REIT benefits from robust demand for high-spec logistics and industrial space in Singapore, and its focus on properties in these sectors within the Asia-Pacific region provides a niche competitive advantage. \nActive management and strategic property enhancements should support steady income growth and resilient DPU.\nSuntec REIT (SGX: T82U)Suntec REIT is a retail and commercial REIT that owns stakes in properties across Singapore, the UK, and Australia.\nThe REIT’s first half 2025 saw DPU increase by 3.7% YoY to S$0.03155.\nCommitted occupancy for its Singapore portfolio stood strong at 99% for the office division and 98% for retail. \nRent reversion was also favourable at 10% and 17.2% for office and retail, respectively.\nMeanwhile, in Australia, the trust enjoyed positive rental reversion of 22.9%, but committed occupancy dipped slightly from 89.1% to 88.6%.\nThe REIT’s retail segment remained steady in 1H2025, with Suntec City Mall’s committed occupancy improving to 98.0% and rent reversions reaching 18.0%, despite a slight dip in shopper traffic and tenant sales in the second quarter. \nManagement’s proactive leasing efforts are expected to keep Suntec City Mall resilient, even as headwinds emerge.\nGet Smart: What Investors Can LearnAcross the five REITs, we can see a clear trend. \nEach REIT demonstrated resilience despite ongoing interest rate pressures and macroeconomic headwinds. \nPositive rental reversions, strategic portfolio management through acquisitions, and divestments, and disciplined capital allocation enabled them to grow distributions while peers struggled.\nFor income investors, focus on REITs with demonstrable pricing power, active management strategies beyond passive rent collection, and consistently high occupancy rates.\nThese operational metrics are more reliable indicators of distribution sustainability than balance sheet ratios alone.\nThe message is simple: operational strength today drives outsized returns tomorrow.\nWhat are the stock secrets to Singapore’s “quiet millionaires?” Chances are, you’ll find at least one of their favourites in this free report. Download it now and see how these stocks could power your portfolio!\nFollow us on Facebook, Instagram and Telegram for the latest investing news and analyses!\nDisclosure: Darien does not own any of the above mentioned shares.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.11","shortVersion":"4.35.11","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2575768735","isCrawlerRequest":true}