December 2025 brings a traditional year-end gift for Singapore real estate investment trust (REIT) investors: distributions from some of the market’s most established blue-chip REITs. Four prominent REITs — three from the Mapletree stable and one from Frasers — will collectively distribute over S$400 million to unitholders this month.Yet beneath the surface of these blue-chip payouts lies an uncomfortable truth: operational headwinds continue to hold back distributions. Mapletree Pan-Asia Commercial Trust ( ...