I was casually screening for office REITs to add to my stock portfolio when I came across IREIT Global. Based on what I read about, the dividend yield of IREIT Global was estimated to be as high as 8%. The thought of “Is it really true?” came across my mind as most of the dividend yields of the REITs that I know of has dividend yield ranging from 4.7% to 5.5% given the current run up in most REIT prices which in turn cause the dividend yield to decline.

On 30 April 2019, IREIT announced the introduction of a new strategic investor, City Developments Limited (CDL), which has acquired a 50% stake in the Manager and 12.4% stake in IREIT units.

In summary, IREIT Global is the first Singapore-listed real estate investment trust (REIT) established with the investment strategy of principally investing, directly or indirectly, in a portfolio of