facebookStill Looking for Income Every 3 Months? These Singapore REITs Declare Distributions On a Quarterly Basis
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REITs with quarterly DPU Seedly

Still Looking for Income Every 3 Months? These Singapore REITs Declare Distributions On a Quarterly Basis

profileSudhan P

Previously, we looked at three Singapore stocks that declare quarterly dividends.

Right now, let’s explore the real estate investment trusts (REITs) that declare their distribution per unit (DPU) on a quarterly basis.

You can use the list to research further if you are looking for quarterly income from REITs.

(In case you are puzzled, not all Singapore REITs declare quarterly DPU; most do it on a semi-annual basis, as we will see later.)

Source: Giphy

List of REITs With Quarterly DPU

Here are all the Singapore REITs that distribute their DPU every quarter:

REITTicker
ARA LOGOS Logistics TrustK2LU
EC World REITBWCU
ESR-REITJ91U
First REITAW9U
Lippo Malls Indonesia Retail TrustD5IU
Mapletree Industrial TrustME8U
Mapletree Logistics TrustM44U
ParkwayLife REITC2PU
Sasseur REITCRPU
SPH REITSK6U
Suntec REITT82U

The remaining 29 Singapore REITs and property trusts dish out their DPU on a semi-annual basis.

Eagle Hospitality Trust and RHT Health Trust are excluded from the count above since trading has been suspended.

REITs Worth Exploring Right Away

There are three REITs that I think are worth mentioning out of the 11.

You may want to start your research from these REITs and then work your way down to the rest.

REIT #1: Mapletree Industrial Trust

As a quick introduction, Mapletree Industrial Trust is a REIT with a portfolio of 114 industrial properties and data centres in Singapore and the US.

In terms of assets under management (AUM), data centres make up the bulk of it at around 39.8%, followed by:

  • Flatted factories (22.2%),
  • Hi-tech buildings (20.9%),
  • Business parks (8.7%),
  • Stack-up/ramp-up buildings (7.4%), and
  • Light industrial buildings (1.0%).

In terms of DPU growth, investors would love Mapletree Industrial Trust’s track record.

DPU has grown consistently from 8.41 Singapore cents in FY11/12 to 12.55 cents in FY20/21, compounding at around 5% per annum.

Source: Mapletree Industrial Trust Investor Presentation

REIT #2: Mapletree Logistics Trust

As the name might suggest, Mapletree Logistics Trust has the same sponsor as Mapletree Industrial Trust. And that’s Mapletree Investments.

Mapletree Logistics Trust is the first Asia-focused logistics REIT in Singapore listed in 2005.

As of 30 June 2021, the REIT had 163 logistics assets in Singapore, Hong Kong, Japan, Australia, China, Malaysia, South Korea, Vietnam, and India.

Another property will be added to Mapletree Logistics Trust’s stable with a proposed acquisition of Yeoju Logistics Centre in South Korea, as announced on 20 October.

The property is fully occupied with a leading online fashion retailer as its key tenant.

The acquisition is expected to be completed by the end of 2021, bringing Mapletree Logistics Trust’s total portfolio to 167 properties (including other assets purchased from 1 July).

Distribution-wise, Mapletree Industrial Trust’s DPU has stepped up from 7.44 Singapore cents in FY16/17 to 8.326 Singapore cents in FY20/21.

REIT #3: Parkway Life REIT

Parkway Life REIT is a healthcare REIT that owns 55 properties in Singapore, Japan, and Malaysia.

In Singapore, its properties are Mount Elizabeth Hospital, Gleneagles Hospital, and Parkway East Hospital.

Parkway Life REIT ticks the box in terms of DPU consistency as well, as seen from the chart below:

Source: ParkwayLife REIT Investor Presentation

In particular, over the past five years, DPU has increased from 12.12 Singapore cents to 13.79 Singapore cents.

Looking for a Like-Minded Community of Investors?

That’s what we have here at Seedly where you can participate in lively discussions regarding stocks and everything money! 

Disclaimer: The information provided by Seedly serves as an educational piece and is not intended to be personalised investment advice. ​Readers should always do their own due diligence and consider their financial goals before investing in any stock. The writer doesn’t own shares in any companies mentioned. 

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About Sudhan P
It isn't fair competition when only one company in the world makes Monopoly. But I love investing in monopolies. Before joining the Seedly hood, I had the chance to co-author a Singapore-themed investment book – "Invest Lah! The Average Joe's Guide To Investing" – and work at The Motley Fool Singapore as an analyst.
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