Suntec REIT's Southgate Complex in Melbourne, Australia. (Photo: Dexus Property Group)

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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By Shariffa Al-Habshee

Shariffa joined REITsWeek in 2017, and monitors Asia-Pacific REITs for the publication.