Dividends are one of the best types of passive income you can enjoy.
Not only do they represent a tangible return on your investment, but they are also not taxed in the hands of the shareholder.
REITs are one of the best asset classes for consistent dividends as they are mandated to pay out at least 90% of their earnings as distributions to enjoy tax benefits.
Of course, it pays to be discerning when selecting a REIT to invest in.
It is preferable to select those with a great track record of distribution per unit (DPU) increases and are backed by a strong sponsor.
And when it comes to yield, it must be sustainable rather than merely high.
Here are four Singapore REITs that pay out a sustainable distribution yield of 4.9% or more.
Mapletree Industrial Trust (SGX: ME8U)
Mapletree Industrial Trust, or MIT, has a portfolio of 85 properties in Singapore and 56 in the US...