The lender paid out a total dividend of S$0.53 per share for fiscal 2021 , giving its shares a trailing dividend yield of 4.5%.
These properties are spread out across four regions — Singapore, Australia, the US, and the UK/Europe. Net property income climbed 18.6% year on year to S$920.8 million and distribution per unit inched up 3.9% year on year to S$0.15258.The industrial REIT’s credit metrics are healthy with aggregate leverage of 36.8% as of 31 March 2022.Portfolio occupancy also remained healthy at 92.6% while portfolio rental reversion was 4.6% for the latest quarter, up from 2.9% in the previous quarter.
This acquisition is yield-accretive and is expected to further diversify the REIT’s logistics exposure.These three blue-chip companies should provide a great mix of growth and dividends.