I woke up on Monday morning to see Singapore REITs unit prices falling, once again.
IREIT Global (SGX: UD1U), one of the 40-odd REITs listed here, saw its unit price tumble 3.7% to S$0.66.
At IREIT Global’s current price, it is going at a distribution yield of 8.5%, which may attract yield-hungry investors.
However, the headline yield alone is not the only thing to look at when it comes to REIT investing.
Let’s find out by using my 10-step guide to pick the best Singapore REITs if IREIT Global provides an attractive investment for those with a long-term view.
As a summary, here are the 10 steps I use to pick the best Singapore REITs:
Growth in Gross Revenue and Net Property Income Growth in Distribution Per Unit Property Yield of Between 5% and 9% Gearing Ratio of Below 40% Interest Coverage Ratio...
