After last Friday’s Jackson Hole Symposium, where Fed Chair Jerome Powell finally uttered the magic words, the rate cuts now look imminent.
And that breathes catalyst into the relatively beleaguered REIT sector. Or so, we thought.
While plenty of S-REITs have encountered successive challenging years, there are exceptions. Some REITs have managed to grow their DPU even in challenging times, while some have dropped their DPU disastrously.
So which REITs have weathered through the high interest rates environment, and which have floundered?
- Sabana REIT (SGX: M1GU): DPU +26.9% YoY
Sabana REIT has had plenty of rough occasions throughout the years. From the failed merger attempt with ESR-REIT (SGX: 9A4U) and the activist staged internalisation saga, unit holders would have been on tenterhooks as unit prices fluctuated wildly.
However over the last 1 year, things seem to have settled, and the REIT posted a YoY DPU growth of +26.9%.Gross…
