Because of the coming higher than average inflation news, I have been considering to invest in REITs.

However, when I look at most REIT in Freetrade, I notice that they have pretty steep on going charge, for example:

  • Tritax Big Box (BBOX) has over 2% charges
  • Secure income REIT (SIR) has over 5% charges
    Whilst some other REIT like for example SEGRO does not charge at all.

Does anyone investing in REIT understand what does number represent? Is this charge similar to on going charge on ETFs or mutual funds?

Where did you find the charges?

In the cost and charges section on Freetrade

It explains the costs in the KID.basically REITS cost more to run, hence the costs are higher.

Yes these are onging costs like annual charges in funds .
The top two examples you give are Investment Trusts & express their charges differently from standard quoted companies like SEGRO which isn’t an Inv Trust but does nontheless have costs to run the business.