Mapletree Industrial Trust (SGX: ME8U)
Mapletree Industrial Trust, or MIT, is an industrial REIT with a portfolio of 142 properties across six property segments. Data centres make up 56% of its total assets under management (AUM) of S$9.2 billion as of 30 September 2023. The industrial REIT reported a mixed...Singapore’s Central Provident Fund (CPF) scheme helps you to save diligently for retirement.
While the CPF scheme offers a near-guaranteed interest rate of 2.5% on your Ordinary Account (OA), it may not be sufficient to beat inflation.
Singapore’s core inflation is running at 3.2% for November 2023 and the government expects the inflation rate to hover between 2.5% to 3.5% for this year.
Investing is one method you can tap on to earn a yield superior to that offered by the CPF OA.
The REIT sector offers steady and dependable distributions that act as a useful source of passive income.
Here are five REITs that yield more than what your CPF OA offers.