Morgan Stanley has highlighted the practice of dividend top-ups by some Singapore REITs as an area of concern that investors may wish to take note of.
Roughly 4% of FY 2018 dividends distributed by Singapore Exchange (SGX)-listed REITs that Morgan Stanley monitors are as a result of top-ups that come in the form of income support.
This is a level that is hard for REITs to outgrow, the investment bank opines.
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