The following table with Singapore REIT dividends, dividend yields and data (price, market cap, float, dividend payout frequency, year to date return, gearing/leverage and NAV) is updated weekly.
| REIT name | Sector | Currency | Share price | Mkt cap | Float | FYE | DPU frequency | REIT name | Current DPU | Fwd DPU | Current yield | Fwd yield | YTD return | Gearing | P/B |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| CapitaLand Commercial Trust | Office | SGD | 1.93 | 7,236 | 69.8 | Dec | Semi-Anl | CapitaLand Commercial Trust | 9.0 | 9.0 | 4.7 | 4.7 | 12.9 | 35.2 | 1.06 |
| Frasers Commercial Trust | Office | SGD | 1.48 | 1,334 | 74.4 | Sep | Quarter | Frasers Commercial Trust | 9.8 | 9.7 | 6.6 | 6.6 | 9.8 | 28.4 | 0.93 |
| IREIT Global | Office | SGD | 0.75 | 472 | 30.7 | Dec | Semi-Anl | IREIT Global | N.A. | N.A. | N.A. | N.A. | 6.7 | 36.6 | 1.01 |
| Keppel REIT | Office | SGD | 1.23 | 4,187 | 52.2 | Dec | Quarter | Keppel REIT | 5.7 | 5.8 | 4.6 | 4.7 | 9.1 | 35.7 | 0.89 |
| Manulife US REIT | Office | USD | 0.87 | 1,115 | 90.7 | Dec | Semi-Anl | Manulife US REIT | 6.1 | 6.1 | 7.0 | 7.0 | 17.1 | 37.2 | 1.05 |
| OUE Commercial REIT | Office | SGD | 0.50 | 1,429 | 23.9 | Dec | Semi-Anl | OUE Commercial REIT | 3.4 | 3.5 | 6.8 | 7.0 | 11.5 | 39.3 | 0.70 |
| Suntec REIT | Office | SGD | 1.89 | 5,066 | 61.9 | Dec | Quarter | Suntec REIT | 9.9 | 9.8 | 5.2 | 5.2 | 7.6 | 36.7 | 0.90 |
| Keppel-KBS US REIT | Office | USD | 0.74 | 607 | 86.1 | Dec | Semi-Anl | Keppel-KBS US REIT | 5.9 | 5.9 | 8.0 | 8.0 | 25.7 | 35.1 | 0.93 |
| BHG Retail REIT | Retail | SGD | 0.70 | 354 | 67.5 | Dec | Semi-Anl | BHG Retail REIT | N.A. | N.A. | N.A. | N.A. | 1.3 | 30.7 | 0.86 |
| CapitaLand Mall Trust | Retail | SGD | 2.31 | 8,520 | 65.4 | Dec | Quarter | CapitaLand Mall Trust | 12.0 | 12.5 | 5.2 | 5.4 | 2.9 | 34.2 | 1.15 |
| CapitaLand Retail China Trust | Retail | SGD | 1.52 | 1,518 | 62.5 | Dec | Semi-Anl | CapitaLand Retail China Trust | 10.2 | 10.6 | 6.7 | 7.0 | 15.6 | 35.4 | 0.96 |
| Fortune REIT | Retail | HKD | 10.04 | 19,387 | 72.5 | Dec | Semi-Anl | Fortune REIT | 53.4 | 55.4 | 5.3 | 5.5 | 15.6 | 20.9 | 0.60 |
| Frasers Centrepoint Trust | Retail | SGD | 2.33 | 2,165 | 57.8 | Sep | Quarter | Frasers Centrepoint Trust | 12.4 | 12.8 | 5.3 | 5.5 | 8.8 | 28.8 | 1.11 |
| Lippo Malls Indo Retail Trust | Retail | SGD | 0.20 | 579 | 62.6 | Dec | Quarter | Lippo Malls Indo Retail Trust | 2.4 | 2.4 | 12.0 | 12.0 | 11.5 | 34.6 | 0.70 |
| Mapletree Commercial Trust | Retail | SGD | 1.85 | 5,346 | 65.7 | Mar | Quarter | Mapletree Commercial Trust | 9.1 | 9.3 | 4.9 | 5.0 | 13.6 | 34.8 | 1.25 |
| Mapletree North Asia Com | Retail | SGD | 1.33 | 4,221 | 66.5 | Mar | Quarter | Mapletree North Asia Com | 7.5 | 7.7 | 5.6 | 5.8 | 18.5 | 39.0 | 1.01 |
| SPH REIT | Retail | SGD | 1.05 | 2,714 | 25.0 | Aug | Quarter | SPH REIT | 5.7 | 5.8 | 5.4 | 5.5 | 7.8 | 30.1 | 1.12 |
| Starhill Global REIT | Retail | SGD | 0.76 | 1,647 | 62.9 | Jun | Quarter | Starhill Global REIT | 4.7 | 4.8 | 6.2 | 6.4 | 12.8 | 35.6 | 0.84 |
| Sasseur REIT | Retail | SGD | 0.80 | 951 | 21.4 | Dec | Semi-Anl | Sasseur REIT | 6.5 | 6.7 | 8.1 | 8.4 | 29.0 | 29.0 | 0.89 |
| AIMS AMP Capital Ind REIT | Industrial | SGD | 1.39 | 960 | 71.6 | Mar | Quarter | AIMS AMP Capital Ind REIT | 10.3 | 11.0 | 7.4 | 7.9 | 6.4 | 33.5 | 1.02 |
| Ascendas REIT | Industrial | SGD | 2.94 | 9,146 | 81.0 | Mar | Semi-Anl | Ascendas REIT | 16.0 | 16.5 | 5.4 | 5.6 | 14.4 | 36.7 | 1.41 |
| Cache Logistics Trust | Industrial | SGD | 0.72 | 770 | 90.0 | Dec | Quarter | Cache Logistics Trust | 5.8 | 5.9 | 8.1 | 8.3 | 5.1 | 36.2 | 1.08 |
| EC World REIT | Industrial | SGD | 0.79 | 624 | 41.3 | Dec | Quarter | EC World REIT | 6.3 | 6.4 | 8.0 | 8.2 | 16.1 | 31.5 | 0.91 |
| ESR-REIT | Industrial | SGD | 0.52 | 1,635 | 57.7 | Dec | Quarter | ESR-REIT | 4.4 | 4.5 | 8.5 | 8.7 | 2.6 | 41.9 | 1.10 |
| Frasers Logistics & Ind Trust | Industrial | SGD | 1.16 | 2,348 | 73.0 | Sep | Semi-Anl | Frasers Logistics & Ind Trust | 7.0 | 7.1 | 6.0 | 6.1 | 12.6 | 35.6 | 1.22 |
| Mapletree Industrial Trust | Industrial | SGD | 2.05 | 4,143 | 67.9 | Mar | Quarter | Mapletree Industrial Trust | 12.0 | 12.7 | 5.9 | 6.2 | 9.9 | 34.7 | 1.39 |
| Mapletree Logistics Trust | Industrial | SGD | 1.44 | 5,216 | 68.4 | Mar | Semi-Anl | Mapletree Logistics Trust | 7.9 | 8.1 | 5.5 | 5.6 | 16.0 | 38.8 | 1.28 |
| Sabana REIT | Industrial | SGD | 0.43 | 448 | 68.4 | Dec | Quarter | Sabana REIT | N.A. | N.A. | N.A. | N.A. | 10.8 | 33.9 | 0.74 |
| Soilbuild REIT | Industrial | SGD | 0.63 | 669 | 65.6 | Dec | Quarter | Soilbuild REIT | 5.1 | 5.2 | 8.1 | 8.3 | 11.2 | 39.3 | 1.01 |
| Ascendas Hospitality Trust | Hospitality | SGD | 0.91 | 1,033 | 64.4 | Mar | Semi-Anl | Ascendas Hospitality Trust | 5.8 | 5.9 | 6.4 | 6.5 | 18.2 | 33.1 | 0.93 |
| Ascott Residence Trust | Hospitality | SGD | 1.20 | 2,607 | 55.1 | Dec | Semi-Anl | Ascott Residence Trust | 7.1 | 7.3 | 5.9 | 6.1 | 14.9 | 36.7 | 0.98 |
| CDL Hospitality Trusts | Hospitality | SGD | 1.61 | 1,942 | 62.5 | Dec | Semi-Anl | CDL Hospitality Trusts | 9.6 | 9.8 | 6.0 | 6.1 | 13.6 | 34.2 | 1.05 |
| Far East Hospitality Trust | Hospitality | SGD | 0.67 | 1,269 | 39.9 | Dec | Quarter | Far East Hospitality Trust | 4.2 | 4.5 | 6.3 | 6.7 | 12.5 | 40.1 | 0.76 |
| Frasers Hospitality Trust | Hospitality | SGD | 0.75 | 1,405 | 38.1 | Sep | Semi-Anl | Frasers Hospitality Trust | 4.9 | 4.9 | 6.6 | 6.6 | 6.4 | 34.4 | 0.99 |
| OUE Hospitality Trust | Hospitality | SGD | 0.72 | 1,319 | 51.6 | Dec | Quarter | OUE Hospitality Trust | 5.1 | 5.2 | 7.1 | 7.2 | 9.4 | 38.8 | 0.96 |
| First REIT | Healthcare | SGD | 0.98 | 777 | 60.7 | Dec | Quarter | First REIT | 8.8 | 8.9 | 9.0 | 9.1 | 3.8 | 34.5 | 0.96 |
| ParkwayLife REIT | Healthcare | SGD | 2.90 | 1,755 | 64.2 | Dec | Quarter | ParkwayLife REIT | 13.0 | 13.3 | 4.5 | 4.6 | 11.6 | 36.1 | 1.54 |
| Keppel DC REIT | Data centre | SGD | 1.49 | 2,014 | 74.5 | Dec | Semi-Anl | Keppel DC REIT | 7.9 | 8.2 | 5.3 | 5.5 | 13.2 | 32.5 | 1.42 |
| Cromwell European REIT | Others | EUR | 0.50 | 1,086 | 32.7 | Dec | Semi-Anl | Cromwell European REIT | 4.1 | 4.1 | 8.3 | 8.3 | 16.1 | 33.0 | 0.97 |
| Accordia Golf Trust | Real estate trust | SGD | 0.62 | 676 | 71.1 | Mar | Semi-Anl | Accordia Golf Trust | 4.3 | 5.4 | 7.0 | 8.7 | 21.8 | 24.6 | 0.68 |
| Ascendas India Trust | Real estate trust | SGD | 1.20 | 1,247 | 71.5 | Mar | Semi-Anl | Ascendas India Trust | 7.0 | 7.4 | 5.8 | 6.2 | 11.1 | 33.0 | 1.36 |
| Dasin Retail Trust | Real estate trust | SGD | 0.88 | 492 | 22.8 | Dec | Semi-Anl | Dasin Retail Trust | 3.7 | 3.9 | 4.2 | 4.4 | 6.0 | 32.3 | 0.63 |
| Asian Pay Television Trust | Infrastructure trust | SGD | 0.18 | 256 | 99.9 | Dec | Quarter | Asian Pay Television Trust | 1.2 | 1.2 | 6.7 | 6.7 | 43.5 | 54.1 | 0.24 |
| Keppel Infrastructure Trust | Infrastructure trust | SGD | 0.47 | 2,133 | 59.8 | Dec | Quarter | Keppel Infrastructure Trust | 3.9 | 3.9 | 8.3 | 8.3 | 1.7 | 40.6 | 1.72 |
| NetLink NBN Trust | Infrastructure trust | SGD | 0.84 | 3,254 | 75.0 | Mar | Semi-Anl | NetLink NBN Trust | 5.0 | 5.2 | 6.0 | 6.2 | 9.2 | 14.9 | 1.08 |
| First Ship Lease Trust | Port and shipping trust | SGD | 0.05 | 29 | 75.1 | Dec | Irreg | First Ship Lease Trust | N.A. | N.A. | N.A. | N.A. | 0.0 | 38.5 | 0.14 |
| Hutchison Port Holdings | Port and shipping trust | USD | 0.24 | 2,091 | 72.3 | Dec | Semi-Anl | Hutchison Port Holdings | 1.9 | 2.0 | 8.0 | 8.2 | 2.4 | 33.1 | 0.61 |
| RHT Health Trust | Healthcare trust | SGD | 0.02 | 15 | 55.3 | Mar | Irreg | RHT Health Trust | N.A. | N.A. | N.A. | N.A. | 98.2 | 30.7 | N.M. |
Updated: 27th June 2019
PropertyInvestSG shall not be held liable for errors or omissions in the data.
1) SGD/JPY = 0.012107; SGD/USD = 1.3556; SGD/HKD = 0.1728; USD/HKD = 0.12749; SGD/EUR = 1.5242; SGD/AUD = 0.9688; CNY/SGD = 4.9463
2) Curr/Fwd DPU and yield are based on Bloomberg consensus forecasts for the current/next financial year
3) D/A (Debt-to-Asset) and P/B (Price-to-Book) are based on figures reported in latest available financial results
4) YTD return includes dividends distributed
5) AIMS AMP Capital Industrial REIT has changed its name to AIMS APAC REIT with effect from 11 Apr 2019
REIT Market cap
Total REIT market cap stands at S$95.2b. Among the REITs, office has a market cap of S$22.1b, retail S$31.4b, industrial S$26.0b, hospitality S$9.6b, healthcare S$2.5b, data centres S$2.0b and others S$1.7b.
Number of REITs
There are 8 office REITs, 11 retail REITs, 10 industrial REITs, 6 hospitality REITs, 2 healthcare REITs, 1 data centre REIT and 1 REIT in the Others category, for a total of 39 REITs.
REIT currencies
There are 35 SGD denominated REITs, 2 USD denominated REITs, 1 EUR denominated REIT and 1 HKD denominated REIT.
REIT financial year end
27 REITs have Financial Years Ending in December, 7 REITs have Financial Years Ending in March, 3 REITs have Financial Years Ending in September, 1 REIT has a Financial Year Ending in June, 1 REIT has a Financial Year Ending in August.
REIT dividend/distribution payout frequency
18 REITs pay distributions on a semi-annual basis while 21 REITs pay distributions on a quarterly basis.
REIT dividend/distribution yields
The average yield for all REITs is 6.6%.
The REIT with the lowest yield is ParkwayLife REIT at 4.5%.
The REIT with the highest yield is Lippo Malls Indo Retail Trust at 12%.
The average yield for office REITs is 6.1%.
The office REIT with the lowest yield is Keppel REIT at 4.6%.
The office REIT with the highest yield is Keppel-KBS US REIT at 8%.
The average yield for retail REITs is 6.5%.
The retail REIT with the lowest yield is Mapletree Commercial Trust at 4.9%.
The retail REIT with the highest yield is Lippo Malls Indo Retail Trust at 12%.
The average yield for industrial REITs is 7.0%.
The industrial REIT with the lowest yield is Ascendas REIT at 5.4%.
The industrial REIT with the highest yield is ESR-REIT at 8.5%.
The average yield for hospitality REITs is 6.4%.
The hospitality REIT with the lowest yield is Ascott Residence Trust at 5.9%.
The hospitality REIT with the highest yield is OUE Hospitality Trust at 7.1%.
There are only 2 healthcare REITS, First REIT and Parkway Life REIT.
First REIT has a yield of 9% while Parkway Life REIT has a yield of 4.5%.
There is only 1 data centre REIT, Keppel DC REIT, which has a yield of 5.3%.
There is only 1 REIT in the Others category, Cromwell European REIT, which has a yield of 8.3%.
REIT forward dividend/distribution yields
Forward dividend yields are based on Bloomberg consensus forecasts for the current/next financial year.
The average forward yield for all REITs is 6.7%.
The REIT with the lowest forward yield is ParkwayLife REIT at 4.6%.
The REIT with the highest forward yield is Lippo Malls Indo Retail Trust at 12%.
The average forward yield for office REITs is 6.2%.
The office REIT with the lowest forward yield is CapitaLand Commercial Trust at 4.7%.
The office REIT with the highest forward yield is Keppel-KBS US REIT at 8%.
The average forward yield for retail REITs is 6.7%.
The retail REIT with the lowest forward yield is Mapletree Commercial Trust at 5%.
The retail REIT with the highest forward yield is Lippo Malls Indo Retail Trust at 12%.
The average forward yield for industrial REITs is 7.2%.
The industrial REIT with the lowest forward yield is Ascendas REIT at 5.6%.
The industrial REIT with the highest forward yield is ESR-REIT at 8.7%.
The average forward yield for hospitality REITs is 6.5%.
The hospitality REIT with the lowest forward yield is CDL Hospitality Trusts at 6.1%.
The hospitality REIT with the highest forward yield is First REIT at 7.2%.
There are only 2 healthcare REITS, First REIT and Parkway Life REIT.
First REIT has a forward yield of 9.1% while Parkway Life REIT has a forward yield of 4.6%.
There is only 1 data centre REIT, Keppel DC REIT, which has a forward yield of 5.5%.
There is only 1 REIT in the Others category, Cromwell European REIT, which has a forward yield of 8.3%.
REIT year to date returns
The average YTD return for all REITs is 11.9%.
The REIT with the lowest YTD return is BHG Retail REIT at 1.3%.
The REIT with the highest YTD return is Sasseur REIT at 29%.
The average YTD return for office REITs is 12.6%.
The office REIT with the lowest YTD return is IREIT Global at 6.7%.
The office REIT with the highest YTD return is Keppel-KBS US REIT at 25.7%.
The average YTD return for retail REITs is 12.5%.
The retail REIT with the lowest YTD return is BHG Retail REIT at 1.3%.
The retail REIT with the highest YTD return is Sasseur REIT at 29%.
The average YTD return for industrial REITs is 10.5%.
The industrial REIT with the lowest YTD return is ESR-REIT at 2.6%.
The industrial REIT with the highest YTD return is EC World REIT at 16.1%.
The average YTD return for hospitality REITs is 12.5%.
The hospitality REIT with the lowest YTD return is OUE Hospitality Trust at 6.4%.
The hospitality REIT with the highest YTD return is Ascott Residence Trust at 18.2%.
There are only 2 healthcare REITS, First REIT and Parkway Life REIT.
First REIT has a YTD return of 3.8% while Parkway Life REIT has a YTD return of 11.6%.
There is only 1 data centre REIT, Keppel DC REIT, which has a YTD return of 13.2%.
There is only 1 REIT in the Others category, Cromwell European REIT, which has a YTD return of 16.1%.
REIT gearing
The average gearing for all REITs is 34.7%.
The REIT with the lowest gearing is Fortune REIT at 20.9%.
The REIT with the highest gearing is ESR-REIT at 41.9%.
The average gearing for office REITs is 35.5%.
The office REIT with the lowest gearing is Frasers Commercial Trust at 28.4%.
The office REIT with the highest gearing is OUE Commercial REIT at 39.3%.
The average gearing for retail REITs is 32.1%.
The retail REIT with the lowest gearing is Fortune REIT at 20.9%.
The retail REIT with the highest gearing is Mapletree North Asia Com at 39%.
The average gearing for industrial REITs is 36.2%.
The industrial REIT with the lowest gearing is EC World REIT at 31.5%.
The industrial REIT with the highest gearing is ESR-REIT at 41.9%.
The average gearing for hospitality REITs is 36.2%.
The hospitality REIT with the lowest gearing is Ascott Residence Trust at 33.1%.
The hospitality REIT with the highest gearing is Frasers Hospitality Trust at 40.1%.
There are only 2 healthcare REITS, First REIT and Parkway Life REIT.
First REIT has a gearing of 34.5% while Parkway Life REIT has a gearing of 36.1%.
There is only 1 data centre REIT, Keppel DC REIT, which has a gearing of 32.5%.
There is only 1 REIT in the Others category, Cromwell European REIT, which has a gearing of 33%.
REIT Price to Book or Price to NAV ratio
The average Price to Book value for all REITs is 1.02.
The REIT with the lowest Price to Book value is Fortune REIT at 0.6.
The REIT with the highest Price to Book value is ParkwayLife REIT at 1.54.
The average Price to Book value for office REITs is 0.93.
The office REIT with the lowest Price to Book value is OUE Commercial REIT at 0.7.
The office REIT with the highest Price to Book value is CapitaLand Commercial Trust at 1.06.
The average Price to Book value for retail REITs is 0.95.
The retail REIT with the lowest Price to Book value is Fortune REIT at 0.6.
The retail REIT with the highest Price to Book value is Mapletree Commercial Trust at 1.25.
The average Price to Book value for industrial REITs is 1.12.
The industrial REIT with the lowest Price to Book value is Sabana REIT at 0.74.
The industrial REIT with the highest Price to Book value is Ascendas REIT at 1.41.
The average Price to Book value for hospitality REITs is 0.95.
The hospitality REIT with the lowest Price to Book value is Frasers Hospitality Trust at 0.76.
The hospitality REIT with the highest Price to Book value is Far East Hospitality Trust at 1.05.
There are only 2 healthcare REITS, First REIT and Parkway Life REIT.
First REIT has a Price to Book value of 0.96 while Parkway Life REIT has a Price to Book value of 1.54.
There is only 1 data centre REIT, Keppel DC REIT, which has a Price to Book value of 1.42.
There is only 1 REIT in the Others category, Cromwell European REIT, which has a Price to Book value of 0.97.