For investors who are looking to build their passive income, it is quite common to see their portfolio include Real Estate Investment Trusts (“REITs”). The purpose of REIT is to invest in income-producing real estate across a range of property sectors, and these rental incomes are then distributed to investors. These tend to be predictable, given how lease agreements are structured over a few years. Retail REITs are one of the types of REIT available. Their primary investments are in shopping malls and free-standing retail. In Singapore, this is no different as you see most of the shopping malls are owned by REITs. Some common bigger names you will see, and their respective REITs are as below:

• CapitaLand – CapitaLand Integrated Commercial Trust (SGX: C38U)
• Frasers – Frasers Centrepoint Trust (SGX: J69U)
• Mapletree – Mapletree Pan Asia Commercial Trust (SGX: N2IU)

Keep in mind of the 3 above, only Frasers Centrepoint Trust has a portfolio that consists mainly of Singapore retail space....