The market is forward-looking and very efficient in pricing equities and hence those REITs with yield > 7% usually have some inherent risks involved. Do not ever blindly invest in REITs with high dividends. The recent plunges in Asian Pay TV and others serve as a wake-up call / reminder to many of us.

Here, I will present a non-exhaustive list of REITs and Trusts that I will avoid. You may choose to disagree. I welcome any feedback. Typically once I see red flags such as short track record, consistently dropping DPU for a few years, unusually high gearing or concentration risks (e.g. tenant, geographical), I will avoid.

The market is pricing the REITS below with yields of between 6 and 10%, but I will not take the risk.

*Update*: I look at the business fundamentals