4 Singapore REITs with Distributions Yields of 6% or More

The Smart Investor2023-03-14

Income-seeking investors will be pleased to know that REITs continue to offer a dependable source of passive income that they can rely on.Despite the twin challenges of surging inflation and soaring ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

BKT
2023-03-14
BKT
Pls like thanks
Mnhbs
2023-03-14
Mnhbs
Great
TK360
2023-03-14
TK360
Good dividend
mavis88
2023-03-14
mavis88
Wow
Bodoh
2023-03-14
Bodoh
Wow fixed rates don't expire? Redundanciesdon't matter?
valentia
2023-03-14
valentia
Okay 👍

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1160880804?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2023-03-14 10:03","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1160880804","market":"sg","top_or_hot":-1,"title":"4 Singapore REITs with Distributions Yields of 6% or More","media":"The Smart Investor","content":"<div>\n<p>Income-seeking investors will be pleased to know that REITs continue to offer a dependable source of passive income that they can rely on.Despite the twin challenges of surging inflation and soaring ...</p>\n\n<a href=\"https://thesmartinvestor.com.sg/4-singapore-reits-with-distributions-yields-of-6-or-more/\">Source Link</a>\n\n</div>\n","source":"lsy1602567310727","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>4 Singapore REITs with Distributions Yields of 6% or More</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n4 Singapore REITs with Distributions Yields of 6% or More\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-03-14 10:03 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://thesmartinvestor.com.sg/4-singapore-reits-with-distributions-yields-of-6-or-more/><strong>The Smart Investor</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Income-seeking investors will be pleased to know that REITs continue to offer a dependable source of passive income that they can rely on.Despite the twin challenges of surging inflation and soaring ...</p>\n\n<a href=\"https://thesmartinvestor.com.sg/4-singapore-reits-with-distributions-yields-of-6-or-more/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ME8U.SI","symbol_name":"丰树工业信托","start_time":0,"source_url":"https://thesmartinvestor.com.sg/4-singapore-reits-with-distributions-yields-of-6-or-more/","article_id":"1160880804","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1160880804","pubTimestamp":1678759412,"sourceInfo":{"source_id":"lsy1602567310727","name":"The Smart Investor"},"weMediaInfo":null,"summary":"Income-seeking investors will be pleased to know that REITs continue to offer a dependable source of","collect":0,"end_time":0,"defaultTopTitle":"thesmartinvestor.com.sg","property":[],"viewcount":null,"language":"en","relate_stocks":{"ME8U.SI":"丰树工业信托","JYEU.SI":"Lendlease Reit","BUOU.SI":"星狮物流工业信托","P40U.SI":"升禧环球房地产投资信托"},"translate_title":"4分派收益率为6%或以上的新加坡房地产投资信讬基金","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BUOU.SI":0.9,"JYEU.SI":0.9,"ME8U.SI":0.9,"P40U.SI":0.9},"content_text":"Income-seeking investors will be pleased to know that REITs continue to offer a dependable source of passive income that they can rely on.Despite the twin challenges of surging inflation and soaring interest rates, well-managed REITs with quality assets can hold their own and continue to churn out regular distributions.Of course, the trick is to stick with REITs that are supported by strong sponsors and resilient tenants.With the global economy teetering on the brink of a recession, investors should seek safety in well-known names with long track records.The good news is that with interest rates poised to rise further, REITs are also seeing their distribution yields become more attractive.Here are four Singapore REITs that pay out a distribution yield of 6% or higher.Mapletree Industrial Trust (SGX: ME8U)Mapletree Industrial Trust, or MIT, owns a portfolio of 85 properties in Singapore and 56 in the US comprising light industrial properties, business parks, and data centres.The total assets under management (AUM) stood at S$8.8 billion as of 31 December 2022.For the third quarter of MIT’s fiscal 2023 (3Q FY2023), gross revenue inched up 5% year on year to S$170.4 million.Net property income (NPI) edged up 4.9% year on year to S$128.8 million but distribution per year declined by 2.9% year on year to S$0.0339.The higher revenue and NPI were driven by contributions from new leases within the Singapore portfolio, but DPU fell because of higher operating and borrowing costs.MIT’s trailing 12-month DPU came in at S$0.1373, giving its units a trailing distribution yield of 6%.The industrial REIT maintained a gearing of 37.2% with close to three-quarters of its loans on fixed rates.The redevelopment at the Kolam Ayer cluster is partially complete, with one of the blocks (165 Kallang Way) receiving its temporary occupation permit in November last year.Starhill Global REIT (SGX: P40U)Starhill Global REIT, or SGREIT, owns 10 retail cum office properties in Singapore, Australia, Malaysia, Japan, and China.The total value of its portfolio stood at S$2.9 billion as of 31 December 2022.SGREIT reported a decent financial result for its fiscal 2023’s first half (1H FY2023).Gross revenue rose 4.1% year on year to S$94.7 million while NPI improved by 6.7% year on year to S$74.3 million.DPU inched up 2.2% year on year to S$0.0182.The REIT’s annualised DPU stood at S$0.0364, giving its units a forward distribution yield of 6.8%SGREIT’s portfolio enjoyed a high occupancy of 97.1% with a long weighted average lease expiry (WALE) of 6.8 years by net lettable area (NLA).Gearing stood at 36.3% with 84% of its borrowings hedged to fixed rates.Lendlease Global Commercial REIT (SGX: JYEU)Lendlease Global Commercial REIT, or LREIT, owns a portfolio comprising Jem and 313 Somerset in Singapore and Sky Complex in Milan, Italy.These properties had a value of S$3.6 billion as of 30 June 2022.LREIT reported a 159.6% year on year jump in gross revenue to S$101.7 million for 1H FY2023 with the addition of Jem into its portfolio.NPI shot up 157.8% year on year to S$76.4 million.DPU increased by 2.1% year on year to S$0.0245, with annualised DPU coming in at S$0.049.LREIT’s units provide a forward distribution yield of 7.4%.The REIT’s gearing ratio stood at 39.2% with a low weighted average cost of debt of 2.35%.The good news is that LREIT’s portfolio enjoyed near full occupancy at 99.8% as of 31 December 2022.Its WALE by NLA was also high at 8.3 years.Frasers Logistics & Commercial Trust (SGX: BUOU)Frasers Logistics & Commercial Trust, or FLCT, owns a portfolio of 105 industrial and commercial properties across Australia, Germany, Singapore, the UK and the Netherlands.The REIT’s AUM stood at S$6.7 billion as of 31 December 2022.For its fiscal 2022 (FY2022) ending 30 September 2022, FLCT saw revenue dip by 4.1% year on year to S$450.2 million.Adjusted NPI fell by 3.7% year on year to S$342.1 million while DPU slid by 0.8% year on year to S$0.0762.Units of FLCT provide a trailing distribution yield of 6.3%.FLCT reported a strong set of operating metrics for its fiscal 2023’s first quarter (1Q FY2023).Rental reversion hit positive 11% while the occupancy rate and WALE stood healthy at 95.9% and 4.6 years, respectively.Aggregate leverage stood at just 27.9% as of 31 December 2022 with a low cost of borrowings of 1.7%.78.7% of the REIT’s borrowings were on fixed rates.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9949490533,"gmtCreate":1678801183922,"gmtModify":1678801187669,"author":{"id":"3570853427202414","authorId":"3570853427202414","name":"BKT","avatar":"https://community-static.tradeup.com/news/15cb8e8f0a7c44ca01c83b3bfdddbd86","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3570853427202414","authorIdStr":"3570853427202414"},"htmlText":"Pls like thanks&nbsp;","listText":"Pls like thanks&nbsp;","text":"Pls like thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9949490533","repostId":1160880804,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9949564835,"gmtCreate":1678762978428,"gmtModify":1678763031991,"author":{"id":"4115270897530012","authorId":"4115270897530012","name":"Mnhbs","avatar":"https://community-static.tradeup.com/news/33192de3a25cd6f84767054439152163","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"4115270897530012","authorIdStr":"4115270897530012"},"htmlText":"Great","listText":"Great","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9949564835","repostId":1160880804,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9949565580,"gmtCreate":1678762747541,"gmtModify":1678762750824,"author":{"id":"3574766349354741","authorId":"3574766349354741","name":"TK360","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3574766349354741","authorIdStr":"3574766349354741"},"htmlText":"Good dividend&nbsp;","listText":"Good dividend&nbsp;","text":"Good dividend","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9949565580","repostId":1160880804,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9949562787,"gmtCreate":1678762678749,"gmtModify":1678762682252,"author":{"id":"4127625745778862","authorId":"4127625745778862","name":"mavis88","avatar":"https://community-static.tradeup.com/news/02b482b2c40d0e87999261caefcc5e95","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":2,"crmLevelSwitch":1,"idStr":"4127625745778862","authorIdStr":"4127625745778862"},"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9949562787","repostId":1160880804,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9949568265,"gmtCreate":1678761426558,"gmtModify":1678761432239,"author":{"id":"3559859558754319","authorId":"3559859558754319","name":"Bodoh","avatar":"https://static.tigerbbs.com/349218ea2852130ca86ce660b4aa2d59","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3559859558754319","authorIdStr":"3559859558754319"},"htmlText":"Wow fixed rates don't expire? Redundanciesdon't matter?","listText":"Wow fixed rates don't expire? Redundanciesdon't matter?","text":"Wow fixed rates don't expire? Redundanciesdon't matter?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9949568265","repostId":1160880804,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9949568975,"gmtCreate":1678761172098,"gmtModify":1678761177210,"author":{"id":"4116569270341752","authorId":"4116569270341752","name":"valentia","avatar":"https://community-static.tradeup.com/news/64f8204fb4e5976eb0c1960943ccb2a2","vip":1,"crmLevel":4,"crmLevelSwitch":1,"idStr":"4116569270341752","authorIdStr":"4116569270341752"},"htmlText":"Okay 👍","listText":"Okay 👍","text":"Okay 👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9949568975","repostId":1160880804,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":73,"commentSize":6,"repostSize":0,"favoriteSize":4,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1160880804"}