The aim of investing in REITs is to obtain a steady, consistent flow of dividend income.
Many REITs have performed this task admirably over the years, churning out a stream of passive income through good times and bad.
The sector also came under the spotlight recently after various analysts upgraded it.
Of note, industrial REITs have emerged as the most resilient property sub-class within the REIT space.
The expectation of more interest rate increases has depressed the unit prices of a wide swath of industrial REITs, pushing up their distribution yields.
Here are four industrial REITs that sport a dividend yield exceeding five per cent.
Keppel DC REIT (SGX: AJBU)
Keppel DC REIT is a data centre REIT that owns a portfolio of 21 data centres across nine countries.
Assets under management (AUM) stood at S$3.5 billion as of 31 March 2022.
The REIT enjoys a high portfolio occupancy of 98.7% and also has a long weighted average lease expiry (WALE) of 7.7 years....