Is NikkoAM-StraitsTrading Asia ex Japan REIT ETF Dividend Sustainable?

The NikkoAM-StraitsTrading Asia ex Japan REIT ETF's recent dividend included about 36% return of capital, but historically 90% of payouts are from income and gains. The distribution appears largely supported by underlying REIT earnings, suggesting dividend sustainability despite some recent declines influenced by market and interest rate conditions.