S-REITs Earnings Calendar

S-REIT earnings and distributions

S-REITs typically report every three or six months. Most report quarterly, though some (e.g. Frasers Centrepoint Trust, Keppel DC REIT) have moved to semi-annual reporting to reduce compliance costs. Distributions to unitholders usually follow the reporting cycle — quarterly reporters pay four times a year, semi-annual reporters pay twice.

What to look for in an S-REIT results release

• DPU (distribution per unit) — the headline number. Compare year-on-year (YoY) not just quarter-on-quarter, because DPU seasonality is real (hospitality has strong Q4, retail has strong CNY quarter, etc.).
• NPI (net property income) — gross rental revenue minus property expenses. A cleaner signal of operating performance than gross revenue alone.
• Occupancy and rental reversion — rental reversion is the % change in new/renewed leases vs prior rent. Positive reversion = pricing power; negative = weakening demand.
• Gearing and debt maturity profile — look for the % of debt on fixed rates, the average debt term to maturity, and any near-term refinancing walls.
• Cost of debt trajectory — in a rising-rate environment, this is often the biggest drag on DPU even when operating metrics look fine.
• Portfolio valuation changes — downward revaluations directly hurt NAV and can push gearing higher without any new borrowing.

Key dates in the distribution cycle

Every distribution has three dates worth knowing:

• Announcement date — when the REIT declares the DPU and the ex-date. This is usually the results release day.
• Ex-dividend date — buy before this date to receive the upcoming distribution. Buying on or after the ex-date means you miss it.
• Payment date — when the cash actually lands in your CDP or brokerage account, typically 1–2 months after the ex-date.

Related pages

• S-REITs Overview — headline metrics for every S-REIT
• S-REITs Opportunities — REITs ranked by yield and value
• Compare S-REITs — side-by-side view of your shortlist

Earnings dates are sourced from SGX filings and REIT manager IR pages and updated automatically. Actual reporting dates can shift by a few days — always confirm on the official REIT IR page before the release.