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4 Singapore REITs with Dividend Yields Higher Than the CPF Ordinary Account and Singapore Savings Bonds
By The Smart Investor  •  March 26, 2024
Singapore’s Central Provident Fund (CPF) has done a great job in building up Singaporeans’ retirement savings. However, the interest rate on the CPF Ordinary Account (OA) is just 2.5% and is insufficient to beat the current core inflation rate of 3.6% logged in February 2024. You could turn to Singapore Savings Bonds or SSB. However, this risk-free investment has also seen its interest rate fall to 2.88% and cannot keep up with inflation. There is good news, though. We showcase four Singapore REITs with distribution yields that exceed both the CPA OA and SSB that you can consider adding to your portfolio. Frasers Logistics & Commercial Trust (SGX: BUOU) Frasers Logistics & Commercial Trust, or FLCT, has a portfolio of 108 properties across Singapore, the Netherlands, Germany, Australia, and the UK. The portfolio’s assets under management stood at S$6.7 billion as of 31 December 2023. For its fiscal 2023 (FY2023) ending 30 September 2023, FLCT saw revenue dip by 6.5% year on year to S$420.8 million....
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By The Smart Investor
The Smart Investor is co-founded by David Kuo, Joanna Sng, and Chin Hui Leong. The company was formed in late 2019 from the ashes of the Motley Fool Singapore. The Smart Investor believes that everybody can learn how to invest, smartly. We aim to educate people on how to invest smartly by providing investing education, stock commentary and market coverage for Singapore and around the world.
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