Income-seeking investors will be pleased to know that REITs continue to offer a dependable source of passive income that they can rely on.
Despite the twin challenges of surging inflation and soaring interest rates, well-managed REITs with quality assets can hold their own and continue to churn out regular distributions.
Of course, the trick is to stick with REITs that are supported by strong sponsors and resilient tenants.
With the global economy teetering on the brink of a recession, investors should seek safety in well-known names with long track records.
The good news is that with interest rates poised to rise further, REITs are also seeing their distribution yields become more attractive.
Here are four Singapore REITs that pay out a distribution yield of 6% or higher.
Mapletree Industrial Trust (SGX: ME8U)
Mapletree Industrial Trust, or MIT, owns a portfolio of 85 properties in Singapore and 56 in the US comprising light industrial properties, business parks, and data centres....