Singapore Dividend Update: REITs Report Q2 and H1 DPUs

July 30, 2022

This past week has seen a slew of earnings results come from Singapore companies. Many of these earnings came from Singapore real estate investment trusts (REITs).

As is common knowledge, dividend investors here buy Singapore REITs mainly for their passive income.

Many of the REITs reporting this week have either been revealing their second-quarter or first-half 2022 distribution per unit (DPU).

So, to sum it all up for income investors, here are the big Singapore REITs’ dividend distributions, record dates and payment dates that were announced this week.

Mapletree Industrial Trust (SGX: ME8U)

The large industrial and data centre-focused REIT announced solid Q1 FY22/23 earnings.

The REIT announced a quarterly DPU of 3.49 Singapore cents – up 4% from the same period last year but flat quarter-on-quarter.

Investors can opt to receive their distribution in new shares via the REIT’s distribution reinvestment plan (DRP), or in cash.

The record date to be eligible for the dividend is Tuesday, 2 August 2022 and Mapletree Industrial Trust will pay out its distribution – either in cash or new units – on Friday, 9 September 2022.

Keppel DC REIT (SGX: AJBU)

One of the only pure-play data centre REITs in Singapore also unveiled its numbers this week.

Keppel DC REIT announced a first-half 2022 DPU of 5.049 Singapore cents, which was up 2.5% year-on-year.

Similar to Mapletree Industrial Trust, the record date to be eligible to receive the dividend is Tuesday, 2 August 2022 and Keppel DC REIT will pay out its H1 DPU to unitholders on Friday, 9 September 2022.

CapitaLand Integrated Commercial Trust (SGX: C38U)

The largest Singapore REIT (by market cap) reported its earnings on Thursday. The office and retail REIT posted a H1 2022 DPU of 5.22 Singapore cents.

That was up less than 1% year-on-year and was flat half-on-half.

The record date to be eligible to receive the distribution is Friday, 5 August 2022 and the dividend’s payment date is Friday, 9 September 2022.

Keppel REIT (SGX: K71U)

The commercial REIT owner, with multiple assets in Singapore and Australia, announced a H1 2022 DPU of 2.97 Singapore cents.

Keppel REIT announced a DPU for H1 2022 of 2.97 Singapore cents, up 1% year-on-year from the 2.94 Singapore cents in the year-ago period.

The record date to be eligible for Keppel REIT’s distribution is Wednesday, 3 August 2022 and the distribution payment date is Monday, 29 August 2022.

Digital Core REIT (SGX: DCRU)

Digital Core REIT is another recent pure-play data centre REIT that reported its H1 2022 earnings earlier this week.

The REIT announced a H1 2022 distribution (that also included its December 2021 distribution, shortly after it listed) of 2.37 US cents per unit.

The record date to be eligible for Digital Core REIT’s dividend is Friday, 5 August and the investors can expect to receive the payout on Wednesday, 28 September.

 

Disclaimer: ProsperUs Head of Content & Investment Lead Tim Phillips owns shares in Mapletree Industrial Trust.

Tim Phillips

Tim, based in Singapore but from Hong Kong, caught the investing bug as a teenager and is a passionate advocate of responsible long-term investing as a great way to build wealth.

He has worked in various content roles at Schroders and the Motley Fool, with a focus on Asian stocks, but believes in buying great businesses – wherever they may be. He is also a certified SGX Academy Trainer.

In his spare time, Tim enjoys running after his two young sons, playing football and practicing yoga.

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