A high interest rate environment negatively impacts REITs, as they rely heavily on borrowings to fund acquisitions and asset enhancement initiatives. Last Wednesday (18 September 2024), we have seen the US Federal Reserve embarking on the first rate cut in 4 years by 0.5%, with more cuts in the pipeline in the coming Fed meetings. With that, lower financing costs could lead to a gradual recovery in distribution payouts to unitholders. That said, not all REITs will recover at the same pace - those with a higher proportion of borrowings at floating rates are likely to benefit first. In this post, you will find 5 Singapore REITs with the highest percentage of borrowings at floating rates, along with highlights of their latest financial performance...