What happened?
Singapore stocks have rallied strongly. While the STI has climbed above 5,500, led by the banks, several blue chip REITs remain near their 52-week lows as higher bond yields and expectations of elevated interest rates continue to weigh on the sector. I recently looked at 3 blue chip REITs yielding above 5% and how asset sales may impact 4 Singapore REIT dividends. With several blue-chip REITs still trading near their 52-week lows, many in the Beansprout community are wondering whether their higher dividend yields are sustainable for building passive income. In this article, I look at 3 Singapore blue chip REITs and assess their distribution per unit (DPU) trends, financial health and whether their dividend yields of around 6% can be sustained.
3 Singapore blue-chip REITs with dividend yield around 6% and near 52-week lows
#1 – CapitaLand Ascendas REIT (SGX: A17U)
CapitaLand Ascendas REIT, or CLAR, owns a diversified…
