Income investors have relied on the REIT sector to pay out dependable dividends for many years. Although REITs are now facing a perfect storm of rising interest rates and surging inflation, this asset class continues to deliver steady distributions. However, during tough times, you should look for REITs with strong sponsors and long track records as they are better positioned to weather such storms. We rounded up five reliable Singapore REITs that you can not only count on during downturns but also sport high distribution yields of 5.7% or higher.

CapitaLand Ascendas REIT (SGX: A17U)

CapitaLand Ascendas REIT, or CLAR, is an industrial REIT with a portfolio of 232 properties spread across Singapore, the US, Australia, the UK and Europe. As of 31 December 2023, CLAR’s assets under management (AUM) stood at S$16.9 billion. The REIT reported a mixed set of earnings for 2023 as gross revenue rose 9.4% year on year to S$1.5 billion....