Amidst the tumultuous economic landscape marked by high inflation rates and soaring interest rates, Real Estate Investment Trusts (REITs) stand steadfast as a promising avenue for dividends. Despite facing headwinds, the REIT sector is poised for a boost as interest rates are expected to moderate, relieving some pressure on distributions. Income-seeking investors seeking stable returns should turn their focus towards REITs boasting quality portfolios backed by robust sponsors. These attributes, bolstered by attractive high yields, position such REITs as valuable long-term investment opportunities.
Here, we unveil four Singapore REITs embodying these desirable characteristics, offering distribution yields of 4.7% or more:
- CapitaLand Integrated Commercial Trust (SGX: C38U)
CapitaLand Integrated Commercial Trust, affectionately known as CICT, is a retail and commercial REIT boasting a diversified portfolio comprising 21 properties in Singapore, two in Germany, and three in Australia. With total assets under management reaching an impressive S$24.5 billion as of 31 December 2023, CICT exudes strength and stability in its operations. In 2023, the REIT witnessed an 8.2% year-on-year increase in gross revenue, reaching S$1.6 billion, while net property income (NPI) surged by 7% year-on-year to S$1.1 billion.
