Singapore real estate investment trusts (S-REITs) have had a tough time in 2022. With central banks increasing their interest rates to curb the high inflation rate, investors seem to be spooked that the higher interest rates could lead to lower distribution per units (DPUs) that they generally rely upon. We explore how Singapore REITs have performed thus far and what are some of the REITs with the highest distribution yields on the Singapore Exchange (SGX). How Singapore REITs Performed In 2022 Year-to-Date Firstly, we can look at how the iEdge S-REIT Leaders Index has performed in the 2022 year-to-date period to get a sense of how Singapore REITs, in general, have done unit price-wise. The iEdge S-REIT Leaders Index measures the performance of the most liquid REITs listed on the Singapore

This article contains affiliate links. DollarsAndSense may receive a share of the revenue from your sign-ups that goes towards keeping the site sustainable. You can read our editorial policy for more information. Real Estate Investment Trusts (REITs) is a popular type of investment in Singapore. In fact, it is so popular that Singapore has grown to become the largest REIT market in Asia ex-Japan with a market capitalisation of $108 billion comprising 42 REITs and Property Trusts. While there are many REITs with both local and overseas property portfolio, many REITs with purely overseas properties have also chosen to list on the Singapore Exchange (SGX). Investors in Singapore are mainly drawn to REIT investments for two reasons. #1 REITs Are Essentially Property Investments. Singapore

AIT released disappointing 2021 results, and the stock price dived 9%.  A quick update.Drop in IncomeAIT's 2021 "Income available for distribution" was down 11%, or SGD 12.6m.  The culprit was Income tax expenses, up SGD 50m, "mainly due to higher deferred tax liabilities arising from acquisition of aVance 6 and annual revaluation; together with lower current income tax resulting from reversal of dividend distribution tax (“DDT”) provision in FY 2020."  In English, 2020's income was artificially inflated by the reversal of a dividend distribution tax provision; now 2021's income is back to normal.  But I don't know how much of the 50m this contributes to, and how much of the remainder is a one-off.Other than that, their numbers look OK.  98% of rent w

STI closed at 2843.81DBS  ($25.04)UOB ($22.59)SPH   ($1.13)NetLink Trust ($0.965)SingTel ($2.31)StarHub ($1.31)CityDev ($7.97)Keppel Infra Trust ($0.545)Olam ($1.53)SIA ($4.28)SIA MCBZ300608 ($0.972)Keppelcorp ($5.38)SembCorp ($1.71)Sembmarine ($0.143)SIA Engineering ($1.97)CDL Trust ($1.27)AsiaPay TV Trust ($0.119)Capital China Trust ($1.39)Ascendas India Trust ($1.38)Lippo Malls Trust ($0.062)SuntecReit ($1.49)OUE Comm Trust ($0.385)StarHillGlobal Reit ($0.505)MapleLogistics Trust ($2.01)SATs ($3.98)First Reit ($0.235)KReit ($1.12)SoilBuild Trust ($0.535)HPH Trust ($0.26)AscotReit($1.08)SingPost ($0.705)Comfortdelgro ($1.67)Dutech ($0.24)Ezion ($0.046)*SunningdaleTech($1.53)Kimly($0.315)UOL ($7.71)ST Engineering($3.82)SBDEC17 GX17120W (25,000)SBOCT18 GX18100V (13,000)ATREA

Quick look at this company.  The NumbersLong term, the numbers are excellent.  They have been growing.  In INR:And DPU has grown too, meaning they did it without too much dilution:The payout ratio has been 90% since 2013, and (I think) 100% before that.  I think it's the only SGX REIT/trust that keeps a little bit of its income for future growth.Just to double check, lets compare the growth rates of debt, units issued and distributable income:Most of their past growth has been funded by debt.  Their last big issue of new units was in November 2019, as a private placement.  They are still only at a 29% gearing, giving plenty of room to grow.There is one catch: the Indian currency (INR) is constantly falling against the SGD:Over ten years it has deprec

On Friday's market opening I sold all my trading portfolio at a small profit.  Think the correction will be short and sharp, maybe 2-4 weeks.  Sharp enough that I don't want to sit through it.  It is not a liquidity event like March, but the market was too frothy - some RobinHoodies and a big options-buying whale need to be cleared out first.For the trading portfolio, I look to buy back copper, oil ad gold miners.  Plus maybe a US housing stock.I kept my investment portfolio holdings, look to add Ascendas India Trust.  Hong Kong Land also looks interesting.

I'm now 95% invested.  85% if we count gold as cash.  Probably for the first time since this blog started.There's always the risk of another market crash, but if we hold cash, we will lose to inflation.  The Fed is always printing.Dividend PortfolioBought large positions in WMB and KMI several weeks ago, after news of Buffet buying into the sector.  These are boring, 'old man' utility stocks...but with some growth potential as their cashflows can fund expansion.Also bought a half position in Delfi - the USD is no longer rising and threatening EMs.  More of a growth stock, but still pays a (trailing) 4% dividend.  Could grow.  Could fall too.I am probably not yet earning enough in dividends to live off, but its getting close.Growth PortfolioThis is all in