Revenue traders can depend on REITs to provide them with a steady stream of passive revenue.
Singapore’s core inflation fee stood at 3.1% over the previous three months and appears poised to come back in at 3.5% for 2024.
Listed here are 5 enticing Singapore REITs that sport distribution yields that may assist you to simply beat inflation.
CapitaLand Ascendas REIT (SGX: A17U)
CapitaLand Ascendas REIT, or CLAR, is Singapore’s oldest industrial REIT with a portfolio of 229 properties throughout Singapore, the US, Australia, the UK, and Europe.
CLAR’s belongings below administration (AUM) stood at S$16.9 billion as of 30 June 2024.
The commercial REIT lately reported a blended set of earnings for the primary half of 2024 (1H 2024).
Gross income elevated by 7.2% yr on yr to S$770.1 million whereas internet property revenue (NPI) rose 3.9% yr on yr to S$528.4 million….
