This REIT Yields More Than 9%. Should You Buy It?

But don't get yield-blinded, as a soaring yield can simply mean a sinking unit price. Why a High Yield Doesn't Tell the Whole StoryFocusing strictly on a REIT's yield can easily lead you straight into a yield trap. As the yield is calculated by dividing the payout by the unit price, an eye-catching percentage could be the result of a falling unit price rather than management's generosity. Net property income fell 2.2% to S$162.7 million. On a same-store basis, ESR-REIT's gross revenue and net property income grew by 2.3% and 0.7%, respectively, from a year ago.