- 313@somerset, a prime retail property located in Singapore
- a freehold interest in Sky Complex, which comprises three grade-A office buildings located in Milan.
Real Estate Investment Trusts (REITS) are structured to pass down at least 90% of the company’s taxable income to its shareholders.
As a dividend loving country, its no wonder REITS are part and parcel of many astute investors portfolio to gain a footing into the real estate sector.
There are many REITS listed on SGX and today we will not be pulling out the big guns and are instead going to focus on medium sized REITS.
Here are 3 stable REITs that are dishing out yields more than 5% that you should take note of.
Stable REIT #1 – Lendlease Global Commercial REIT
Lendlease Global Commercial REIT (“LREIT”) has a diversified portfolio used primarily for retail and/or office purposes.
Its portfolio comprises a leasehold interest in: