- More REITs have shifted to paying fees in cash in 1H24, as sector traded near decade low levels of 0.86x P/B in 1H24. REITs that pay more fees in cash or in units that is priced above book have highest sustainability, in our view.
- European REITs rank highest for “true” cash-flow yields, followed by Retail Overseas and Hotels.
Large-cap S-REIT proxies have outperformed from beginning 3Q24.
- - Read this at SGinvestors.io -
- In this space, a key question often asked has been about the sustainability of yields; and, we look at DPUs that are supported by cashflows.
Who are the next-in-line beneficiaries of inflows back to S-REITs?
- - Read this at SGinvestors.io -
- In this report, we explore the sustainability of distributions per unit (DPUs) from the more subtle angle of management fee structure.
Management fees paid in mix of units & cash
- Read more at SGinvestors.io.
