SG reits always issue new shares.. if wanna treat it as passive income is not that good.. cos whenever issue new share you need to subscribe in order not to dilute your earnings.. so all the dividend received invest back in (read from somewhere)

i mean, when we have retired and no more active income, we depend on the dividends. instead, we need to fork out more money than dividends received to subscribe to new shares. i think some reits like axreit sells of properties for capital gain to acquire new properties that can give better earnings. if we have extra cash, then we can choose to add more shares. if not, then just collect dividends.