We take a closer look at three Singapore-listed retail REITs offering dividend yields above 5%. We compare their mall performance, DPU outlook, balance sheets and key risks for income investors. What happened? Singapore REITs have lagged the broader market. We saw this when we looked at the top-performing Singapore blue-chip REITs in the first half of 2026. More recently, we also compared Temasek-backed blue-chip stocks for dividend income. This prompted some members of the Beansprout community to ask whether there are still opportunities among higher-yielding REITs for investors looking to build passive income in Singapore. We previously examined data centre REITs that may benefit from growing demand linked to the AI boom. However, income opportunities are not limited to data centres. Retail properties have also remained resilient, particularly Singapore suburban malls supported by steady shopper traffic, high occupancy and positive rental reversions. Even so, the outlook differs across retail-exposed REITs. Some are selling assets or repositioning their portfolios,...