S-REITs with Rising DPU (2-Year Uptrend)

Rising DPU is one of the clearest fundamental signals a REIT is executing well. Rental reversions, occupancy improvements, accretive acquisitions, and cost discipline all show up eventually in higher distribution per unit — and in the S-REIT world, DPU growth is what drives long-term unit price appreciation once yield compression runs its course.

This list tracks REITs whose trailing-twelve-month (TTM) DPU has increased over the last two years. To avoid noise from single quarters, we sum four consecutive quarters into a rolling TTM window and compare the most recent window to the one from a year earlier, and to the window from two years earlier. Both comparisons must show growth. REITs where the recent year is growing faster than the prior year sort to the top — that's the accelerating-DPU cohort. Quality gate applied: no paused distributions, gearing under 43%.