IREIT Global (SGX:UD1U) is a little-known S$600 million Singapore REIT.
There’s nothing “exciting” about this Singapore REIT. But that’s the whole point of it.
And that’s what I like about it.
Let me explain.
You see, IREIT rents out its office spaces to some of the biggest companies in Germany.
And these Germany properties are well located in the big cities in Germany — Berlin, Bonn Darmstadt, Munster and Munich.
One thing to realize about IREIT is its tenants are stable blue-chips. The type of tenants you’d expect to keep paying you rent year after year.
And so far, IREIT’s tenants have stayed with them for a long, long time.
For example, Deutsche Telecom is one of their tenants. And it’s one of the world’s biggest integrated telco with 236 million mobile customers.
And another is Deutsche Rentenversicherung Bund — Europe’s largest pension insurance company with over 57 million customers....