Frasers Logistics & Commercial Trust (SGX: BUOU)
Frasers Logistics & Commercial Trust, or FLCT, is a commercial and industrial REIT with a portfolio of 112 properties worth around S$6.8 billion. These properties are spread out across Singapore, the Netherlands, Australia, the UK, and Germany. The REIT reported a resilient set of earnings for the first half of fiscal 2024 (1H FY2024) ending 31 March 2024. Revenue edged up 3.9% year on year to S$216 million while net property income (NPI) inched up 1.8% year...REIT investors are looking for a healthy mix of stability and yield as they scour the landscape for dependable REITs.
With interest rates poised to decline, it is also harder for investors to earn a decent return by parking their money in bank accounts.
This is why REITs that deliver a sustainable and high yield are attractive and should form part of an income investor’s portfolio.
Here are five reliable REITs that continue to offer distribution yields of 5.1% or higher.