$ASCENDAS REAL ESTATE INV TRUST(A17U.SI)$...dividend 5-6%, p/navaround 1-1.1, I think it's a good level to accumulate.

The largest industrial REIT listed in SGX, with a portfolio of income generating of business parks, light industrialproperties, data centres...across a diverse geographical locations.

Some may ask why the unit price hasbeen in decline? Worries!

- interest rates hikes. Valid concern but majority is naturally hedged.

- inflation. RE is a natural hedge against inflation. Most have rental reversion built it.

- economic slowdown. Reasonable concern...right now growth is still expected globally even regions may go into slow growth or even short recession.

- rising utility costs. Most of the REITs, particularly industrial, those costsare pass-through items except thosefor common use.

To conclude, despite of the concerns,industrial REITs are still a good income generating investment under the current economic conditions. 

A-REIT is no doubt a top pick.

Other similar ones: $MAPLETREE INDUSTRIAL TRUST(ME8U.SI)$$KEPPEL DC REIT(AJBU.SI)$...all come to levels worth of accumulation.