4 Retail REITs with distribution yields more than 5.5%
If you’re looking for a stable, consistent source of income, these four retail REITs may fit the bill. The following four retail REITs give out distribution yields that are higher than 5.5%:
1. Stathill Global REIT
The Starhill Global REIT, sometimes known as SGREIT, is a retail and office REIT with ten primarily retail buildings spread across six locations. A distribution per unit (DPU) ofS$0.038was paid out by SGREIT for FY2022, resulting in a trailing distribution yield of7.4%.
2. CapitaLand Integrated Commercial Trust
A retail/commercial REIT having 21 buildings in Singapore, two in Germany, and three in Australia is called CapitaLand Integrated Commercial Trust, or CICT. With a trailing distribution yield of5.6%, CICT's units have a trailing 12-month DPU ofS$0.1044.
3. Frasers Contrepoint Trust
As of September 30, 2022, Frasers Centrepoint Trust, or FCT, had an AUM of S$6.2 billion and owned nine suburban shopping centers and an office building in Singapore. DPU increased 1.2% annually toS$0.12227, giving the units of FCT a6.2%trailing dividend yield.
4. Sasseur REIT
Retail outlet mall REIT Sasseur has four mall properties in China's Chongqing, Kunming, and Hefei cities. The previous 12-month DPU for Sasseur REIT wasS$0.07141, offering its units a10%trailing distribution yield.
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