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.

S/N	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
1	CapitaLand Commercial Trust	Office	SGD	2.1	7,981	71	Dec	Semi-Anl	CapitaLand Commercial Trust	8.9	9.0	4.3	4.3	24	35	1.1
2	Frasers Commercial Trust	Office	SGD	1.6	1,452	74	Sep	Quarter	Frasers Commercial Trust	9.7	9.8	6.1	6.1	22	29	1.0
3	IREIT Global	Office	SGD	0.8	477	44	Dec	Semi-Anl	IREIT Global	N.A.	N.A.	N.A.	N.A.	12	36	1.0
4	Keppel REIT	Office	SGD	1.2	4,212	52	Dec	Quarter	Keppel REIT	5.7	5.9	4.6	4.8	13	38	0.9
5	Manulife US REIT	Office	USD	0.9	1,251	91	Dec	Semi-Anl	Manulife US REIT	6.0	6.2	6.7	6.9	25	37	1.1
6	OUE Commercial REIT	Office	SGD	0.5	1,506	21	Dec	Semi-Anl	OUE Commercial REIT	3.4	3.4	6.5	6.5	21	39	0.7
7	Suntec REIT	Office	SGD	1.9	5,344	63	Dec	Quarter	Suntec REIT	9.7	9.8	5.1	5.1	12	38	0.9
8	Keppel-KBS US REIT	Office	USD	0.8	643	76	Dec	Semi-Anl	Keppel-KBS US REIT	6.0	6.1	7.7	7.8	38	38	1.0
9	Prime US REIT	Office	USD	0.9	832	75	Dec	Semi-Anl	Prime US REIT	N.A.	N.A.	N.A.	N.A.	N.A.	37	1.1
10	BHG Retail REIT	Retail	SGD	0.7	354	68	Dec	Semi-Anl	BHG Retail REIT	N.A.	N.A.	N.A.	N.A.	1	37	0.8
11	CapitaLand Mall Trust	Retail	SGD	2.6	9,738	67	Dec	Quarter	CapitaLand Mall Trust	12.0	12.7	4.5	4.8	20	34	1.3
12	CapitaLand Retail China Trust	Retail	SGD	1.5	1,700	66	Dec	Semi-Anl	CapitaLand Retail China Trust	10.2	10.4	6.6	6.8	22	34	0.9
13	Fortune REIT	Retail	HKD	9.3	17,986	73	Dec	Semi-Anl	Fortune REIT	52.8	55.3	5.7	5.9	10	21	0.6
14	Frasers Centrepoint Trust	Retail	SGD	2.7	2,991	64	Sep	Quarter	Frasers Centrepoint Trust	12.3	12.9	4.6	4.8	28	24	1.3
15	Lippo Malls Indo Retail Trust	Retail	SGD	0.2	651	63	Dec	Quarter	Lippo Malls Indo Retail Trust	N.A.	N.A.	N.A.	N.A.	32	34	0.8
16	Mapletree Commercial Trust	Retail	SGD	2.1	6,168	66	Mar	Quarter	Mapletree Commercial Trust	9.2	9.6	4.3	4.5	34	33	1.3
17	Mapletree North Asia Com	Retail	SGD	1.3	4,168	66	Mar	Quarter	Mapletree North Asia Com	7.9	8.1	6.0	6.2	20	37	0.9
18	SPH REIT	Retail	SGD	1.1	2,798	25	Aug	Quarter	SPH REIT	5.7	5.8	5.3	5.4	12	30	1.2
19	Starhill Global REIT	Retail	SGD	0.8	1,669	63	Jun	Quarter	Starhill Global REIT	4.7	4.7	6.1	6.1	18	36	0.9
20	Sasseur REIT	Retail	SGD	0.8	947	22	Dec	Semi-Anl	Sasseur REIT	6.5	6.8	8.2	8.6	34	30	0.9
21	AIMS APAC REIT	Industrial	SGD	1.4	994	61	Mar	Quarter	AIMS APAC REIT	10.3	10.5	7.2	7.3	14	34	1.1
22	Ascendas REIT	Industrial	SGD	3.1	9,525	80	Mar	Semi-Anl	Ascendas REIT	16.3	16.8	5.3	5.5	22	37	1.5
23	Cache Logistics Trust	Industrial	SGD	0.7	783	90	Dec	Quarter	Cache Logistics Trust	6.0	6.0	8.3	8.3	11	38	1.1
24	EC World REIT	Industrial	SGD	0.7	593	50	Dec	Quarter	EC World REIT	6.3	6.6	8.5	8.9	12	32	0.9
25	ESR-REIT	Industrial	SGD	0.5	1,759	60	Dec	Quarter	ESR-REIT	3.9	3.9	7.5	7.5	8	39	1.1
26	Frasers Logistics & Ind Trust	Industrial	SGD	1.2	2,721	69	Sep	Semi-Anl	Frasers Logistics & Ind Trust	6.9	7.0	5.7	5.8	24	35	1.3
27	Mapletree Industrial Trust	Industrial	SGD	2.3	4,615	68	Mar	Quarter	Mapletree Industrial Trust	12.6	12.9	5.5	5.7	25	33	1.5
28	Mapletree Logistics Trust	Industrial	SGD	1.5	5,606	68	Mar	Quarter	Mapletree Logistics Trust	8.1	8.3	5.3	5.4	27	37	1.3
29	Sabana REIT	Industrial	SGD	0.5	474	71	Dec	Quarter	Sabana REIT	N.A.	N.A.	N.A.	N.A.	21	31	0.8
30	Soilbuild REIT	Industrial	SGD	0.5	581	65	Dec	Quarter	Soilbuild REIT	5.0	4.8	9.2	8.8	0	39	0.9
31	ARA US Hospitality Trust	Hospitality	USD	0.9	487	43	Dec	Semi-Anl	ARA US Hospitality Trust	4.7	7.2	N.A.	N.A.	N.A.	32	1.0
32	Ascendas Hospitality Trust	Hospitality	SGD	1.1	1,217	92	Mar	Semi-Anl	Ascendas Hospitality Trust	5.8	5.8	5.4	5.4	44	34	1.1
33	Ascott Residence Trust	Hospitality	SGD	1.3	2,830	55	Dec	Semi-Anl	Ascott Residence Trust	7.2	7.4	5.5	5.7	28	33	1.0
34	CDL Hospitality Trusts	Hospitality	SGD	1.6	1,939	62	Dec	Semi-Anl	CDL Hospitality Trusts	9.1	9.5	5.7	5.9	16	35	1.1
35	Eagle Hospitality Trust	Hospitality	USD	0.7	595	36	Dec	Semi-Anl	Eagle Hospitality Trust	5.3	6.6	7.7	9.6	N.A.	38	0.8
36	Far East Hospitality Trust	Hospitality	SGD	0.7	1,259	40	Dec	Quarter	Far East Hospitality Trust	4.0	4.2	6.1	6.4	13	40	0.8
37	Frasers Hospitality Trust	Hospitality	SGD	0.7	1,326	38	Sep	Semi-Anl	Frasers Hospitality Trust	4.5	4.6	6.4	6.6	3	35	1.0
38	OUE Hospitality Trust	Hospitality	SGD	0.7	1,341	51	Dec	Quarter	OUE Hospitality Trust	5.1	5.2	7.0	7.1	14	38	1.0
39	First REIT	Healthcare	SGD	1.0	811	60	Dec	Quarter	First REIT	8.8	8.9	8.6	8.7	10	35	1.0
40	ParkwayLife REIT	Healthcare	SGD	3.0	1,833	64	Dec	Quarter	ParkwayLife REIT	13.0	13.3	4.3	4.4	19	37	1.6
41	Keppel DC REIT	Data centre	SGD	1.7	2,353	75	Dec	Semi-Anl	Keppel DC REIT	8.0	8.1	4.6	4.7	35	32	1.6
42	Cromwell European REIT	Others	EUR	0.5	1,244	44	Dec	Semi-Anl	Cromwell European REIT	4.1	4.1	8.4	8.4	20	35	0.9
43	Accordia Golf Trust	Real estate trust	SGD	0.5	594	71	Mar	Semi-Anl	Accordia Golf Trust	5.6	5.7	10.4	10.5	11	25	0.7
44	Ascendas India Trust	Real estate trust	SGD	1.4	1,502	71	Mar	Semi-Anl	Ascendas India Trust	7.6	9.2	5.3	6.4	37	33	1.5
45	Dasin Retail Trust	Real estate trust	SGD	0.8	472	22	Dec	Semi-Anl	Dasin Retail Trust	7.0	7.3	8.3	8.7	5	33	0.6
46	Asian Pay Television Trust	Infrastructure trust	SGD	0.2	249	99	Dec	Quarter	Asian Pay Television Trust	1.2	1.2	7.0	7.0	41	54	0.2
47	Keppel Infrastructure Trust	Infrastructure trust	SGD	0.5	2,338	60	Dec	Quarter	Keppel Infrastructure Trust	3.9	3.9	7.6	7.6	14	34	1.8
48	NetLink NBN Trust	Infrastructure trust	SGD	0.9	3,468	75	Mar	Semi-Anl	NetLink NBN Trust	4.9	5.2	5.5	5.8	20	15	1.2
49	First Ship Lease Trust	Port and shipping trust	SGD	0.1	103	27	Dec	Irreg	First Ship Lease Trust	N.A.	N.A.	N.A.	N.A.	29	32	0.4
50	Hutchison Port Holdings	Port and shipping trust	USD	0.2	1,455	72	Dec	Semi-Anl	Hutchison Port Holdings	1.7	1.8	10.2	10.5	-26	33	0.4
51	RHT Health Trust	Healthcare trust	SGD	0.0	15	50	Mar	Irreg	RHT Health Trust	N.A.	N.A.	N.A.	N.A.	98	0	0.8

Updated: 20th October 2019

PropertyInvestSG shall not be held liable for errors or omissions in the data.

1) SGD/JPY = 0.013232; SGD/USD = 1.3902; SGD/HKD = 0.1773; USD/HKD = 0.1275; SGD/EUR = 1.5493; SGD/AUD = 0.934; CNY/SGD = 5.1201
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
6) US Prime REIT’s D/A and NAV/share (used in P/B calculation) is as per its prospectus

REIT Market cap

Total REIT market cap stands at S$105b. Among the REITs, office has a market cap of S$24.8b, retail S$34.4b, industrial S$27.6b, hospitality S$11.4b, healthcare S$2.6b, data centres S$2.4b and others S$1.9b.

Number of REITs

There are 9 office REITs, 11 retail REITs, 10 industrial REITs, 8 hospitality REITs, 2 healthcare REITs, 1 data centre REIT and 1 REIT in the Others category, for a total of 42 REITs.

REIT currencies

There are 35 SGD denominated REITs, 5 USD denominated REITs, 1 EUR denominated REIT and 1 HKD denominated REIT.

REIT financial year end

29 REITs have Financial Years Ending in December, 7 REITs have Financial Years Ending in March, 4 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

20 REITs pay distributions on a semi-annual basis while 22 REITs pay distributions on a quarterly basis.

REIT dividend/distribution yields

The average yield for all REITs is 6.2%.
The REIT with the lowest yield is CapitaLand Commercial Trust at 4.3%.
The REIT with the highest yield is Soilbuild REIT at 9.2%.

The average yield for office REITs is 5.9%.
The office REIT with the lowest yield is CapitaLand Commercial Trust at 4.3%.
The office REIT with the highest yield is Keppel-KBS US REIT at 7.7%.

The average yield for retail REITs is 5.7%.
The retail REIT with the lowest yield is Lippo Malls Indo Retail Trust at 4.3%.
The retail REIT with the highest yield is Starhill Global REIT at 8.2%.

The average yield for industrial REITs is 6.9%.
The industrial REIT with the lowest yield is AIMS APAC REIT at 5.3%.
The industrial REIT with the highest yield is Sabana REIT at 9.2%.

The average yield for hospitality REITs is 6.3%.
The hospitality REIT with the lowest yield is ARA US Hospitality Trust at 5.4%.
The hospitality REIT with the highest yield is CDL Hospitality Trusts at 7.7%.

There are only 2 healthcare REITS, First REIT and Parkway Life REIT.
First REIT has a yield of 8.6% while Parkway Life REIT has a yield of 4.3%.

There is only 1 data centre REIT, Keppel DC REIT, which has a yield of 4.6%.

There is only 1 REIT in the Others category, Cromwell European REIT, which has a yield of 8.4%.

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 6.4%.
The REIT with the lowest forward yield is CapitaLand Commercial Trust at 4.3%.
The REIT with the highest forward yield is Ascott Residence Trust at 9.6%.

The average forward yield for office REITs is 5.9%.
The office REIT with the lowest forward yield is CapitaLand Commercial Trust at 4.3%.
The office REIT with the highest forward yield is Keppel-KBS US REIT at 7.8%.

The average forward yield for retail REITs is 5.9%.
The retail REIT with the lowest forward yield is Lippo Malls Indo Retail Trust at 4.5%.
The retail REIT with the highest forward yield is Starhill Global REIT at 8.6%.

The average forward yield for industrial REITs is 7.0%.
The industrial REIT with the lowest forward yield is Mapletree Industrial Trust at 5.4%.
The industrial REIT with the highest forward yield is Cache Logistics Trust at 8.9%.

The average forward yield for hospitality REITs is 6.7%.
The hospitality REIT with the lowest forward yield is ARA US Hospitality Trust at 5.4%.
The hospitality REIT with the highest forward yield is CDL Hospitality Trusts at 9.6%.

There are only 2 healthcare REITS, First REIT and Parkway Life REIT.
First REIT has a forward yield of 8.7% while Parkway Life REIT has a forward yield of 4.4%.

There is only 1 data centre REIT, Keppel DC REIT, which has a forward yield of 4.7%.

There is only 1 REIT in the Others category, Cromwell European REIT, which has a forward yield of 8.4%.

REIT year to date returns

The average YTD return for all REITs is 19.6%.
The REIT with the lowest YTD return is Soilbuild REIT at 0.1%.
The REIT with the highest YTD return is Ascendas Hospitality Trust at 43.9%.

The average YTD return for office REITs is 20.7%.
The office REIT with the lowest YTD return is IREIT Global at 11.6%.
The office REIT with the highest YTD return is Keppel-KBS US REIT at 37.5%.

The average YTD return for retail REITs is 21.1%.
The retail REIT with the lowest YTD return is Prime US REIT at 1.3%.
The retail REIT with the highest YTD return is Lippo Malls Indo Retail Trust at 33.9%.

The average YTD return for industrial REITs is 16.3%.
The industrial REIT with the lowest YTD return is Sabana REIT at 0.1%.
The industrial REIT with the highest YTD return is Mapletree Industrial Trust at 27.4%.

The average YTD return for hospitality REITs is 19.7%.
The hospitality REIT with the lowest YTD return is Far East Hospitality Trust at 3.1%.
The hospitality REIT with the highest YTD return is ARA US Hospitality Trust at 43.9%.

There are only 2 healthcare REITS, First REIT and Parkway Life REIT.
First REIT has a YTD return of 10.3% while Parkway Life REIT has a YTD return of 19.2%.

There is only 1 data centre REIT, Keppel DC REIT, which has a YTD return of 35.2%.

There is only 1 REIT in the Others category, Cromwell European REIT, which has a YTD return of 19.8%.

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 Far East Hospitality Trust at 39.8%.

The average gearing for office REITs is 36.5%.
The office REIT with the lowest gearing is Frasers Commercial Trust at 29.3%.
The office REIT with the highest gearing is OUE Commercial REIT at 39.3%.

The average gearing for retail REITs is 31.7%.
The retail REIT with the lowest gearing is CapitaLand Retail China Trust at 20.9%.
The retail REIT with the highest gearing is Prime US REIT at 37%.

The average gearing for industrial REITs is 35.6%.
The industrial REIT with the lowest gearing is Mapletree Logistics Trust at 30.9%.
The industrial REIT with the highest gearing is Sabana REIT at 39.4%.

The average gearing for hospitality REITs is 35.6%.
The hospitality REIT with the lowest gearing is Soilbuild REIT at 31.9%.
The hospitality REIT with the highest gearing is Eagle Hospitality Trust at 39.8%.

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 36.9%.

There is only 1 data centre REIT, Keppel DC REIT, which has a gearing of 31.9%.

There is only 1 REIT in the Others category, Cromwell European REIT, which has a gearing of 35.4%.

REIT Price to Book or Price to NAV ratio

The average Price to Book value for all REITs is 1.05.
The REIT with the lowest Price to Book value is Fortune REIT at 0.56.
The REIT with the highest Price to Book value is Keppel DC REIT at 1.64.

The average Price to Book value for office REITs is 0.99.
The office REIT with the lowest Price to Book value is OUE Commercial REIT at 0.74.
The office REIT with the highest Price to Book value is CapitaLand Commercial Trust at 1.12.

The average Price to Book value for retail REITs is 0.98.
The retail REIT with the lowest Price to Book value is CapitaLand Retail China Trust at 0.56.
The retail REIT with the highest Price to Book value is Lippo Malls Indo Retail Trust at 1.33.

The average Price to Book value for industrial REITs is 1.15.
The industrial REIT with the lowest Price to Book value is Mapletree Logistics Trust at 0.8.
The industrial REIT with the highest Price to Book value is Frasers Logistics & Ind Trust at 1.52.

The average Price to Book value for hospitality REITs is 0.95.
The hospitality REIT with the lowest Price to Book value is Eagle Hospitality Trust at 0.76.
The hospitality REIT with the highest Price to Book value is ARA US Hospitality Trust at 1.08.

There are only 2 healthcare REITS, First REIT and Parkway Life REIT.
First REIT has a Price to Book value of 1 while Parkway Life REIT has a Price to Book value of 1.62.

There is only 1 data centre REIT, Keppel DC REIT, which has a Price to Book value of 1.64.

There is only 1 REIT in the Others category, Cromwell European REIT, which has a Price to Book value of 0.94.