Are you looking for the best REITs to invest in May 2025? The important thing in terms of building a resilient Singapore REIT portfolio is to be able to identify high quality REITs are those that constantly pay you dividends and are able to grow their Distribution Per Unit (DPU) year-on-year.
Last month, the stock market crashed because of the Trump tariffs. While some investors view it as a crisis and quickly sell off their stocks, dividend investors like me view it as an opportunity to add more quality dividend paying REITs into my stock portfolio. Why do we buy when the market is down? As a dividend investor, we focus on the current dividend yield.
The current dividend yield is calculated by dividing the annual dividend per share by the current market price per share and then multiplying by 100 to convert it to a percentage. Mathematically, the formula for calculating the current dividend yield is: Current Dividend Yield = (Annual Dividend per Share / Current Market Price per Share) x 100.
Last year, I collected a total of S$19K in passive income. The majority of my passive income comes from the dividends paid out by REITs in my stock portfolio. REIT investing is an excellent and easy way to build our passive income because REITs payout dividends either quarterly or half yearly.
How do I build a dividend yielding REITs portfolio? Before that, read up on 6 important terms to know in REIT investing. Do you know what is Distribution Per Unit (DPU), Rental Reversions, Weighted Average Lease Expiry (WALE), Aggregate Leverage (Gearing Ratio), Weighted Average Debt Maturity and Dividend Yield? Stock screening only help you narrow down to a shorter list of Singapore REITs to look at. It is important to know the above terms. Usually, you will come across these terms in the financial results or annual reports.
How to Find Singapore REITs to Buy?
In REIT investing, I use a common technique called stock screening. Singapore Stock screening is the process of filtering a large number of stocks based on specific criteria to identify potential investment opportunities. There are many stock screening tools out there. As such, it is not difficult to obtain a shorter list of good REITs and their current dividend yield for further analyse and decision making. Stock Screening tools allow you to screen REITs based on specific factors like P/E ratio, dividend yield, and other financial metrics.
For me, I use Stocks Café Stock Screener to screen for a list of REITs that meet my predefined criteria so that I have a shorter list of REITs to analyse. Below are the criteria that I used to screen for dividend stocks. You can adjust them to fit your risk appetite.
- Market Capitalization >= 1B
- Current Yield (%) >= 5 and <= 10
- Price / Book <= 3
Market capitalization
Market capitalization, often referred to as “market cap”, is a critical metric in evaluating stocks. It represents the total market value of a company’s outstanding shares of stock. You calculate it by multiplying the company’s current share price by the total number of its outstanding shares.
Market cap helps categorize companies into large-cap stocks, mid-cap stocks and small-cap stocks. Large-cap stocks are usually established companies with a long history of stable performance (e.g., global giants like Apple or Microsoft). These are considered less risky investments.
Mid-cap stocks are companies that are in the growth phase and offer higher growth potential but may carry more risk than large-cap stocks.
Small-cap stocks are smaller companies, often newer and less stable, which have the potential for significant growth but come with higher risk.
Investors use market cap to assess a company’s size and stability, compare it with its peers, and diversify their portfolios across different cap categories depending on their risk tolerance and investment goals. While market cap is important, it’s not the only factor to consider; fundamentals like revenue, profitability, industry trends, and future growth prospects are also crucial.
Current Dividend Yield
Dividend yield is a financial ratio that shows how much a company pays out in dividends each year relative to its stock price. It’s calculated as: Dividend Yield (%) = (Annual Dividends Per Share / Current Stock Price) × 100
Price / Book (PB Ratio)
The price-to-book (P/B) ratio is a valuation metric used to assess whether a stock is undervalued or overvalued relative to its book value. It’s calculated as: P/B Ratio = Market Price Per Share / Book Value Per Share
A P/B ratio lower than 1 could indicate that the stock is undervalued, while a higher P/B ratio might suggest it’s overvalued, assuming other factors remain constant.
Best REITs to Invest in May 2025
Do watch my video 6 Terms to Know as A REIT Investor before investing in them. Also watch my video on different type of REITs in Singapore so that you know how to diversify your REITs portfolio. Last, grab a few books from my Shop to improve your financial knowledge.
Below are the best REITs to invest in May 2025.
Stoneweg Reit EUR (SGX:CWBU)
Market Capitalization: SGD 1.3B
Current Dividend Yield: 9.40%
Price to Equity: 25.445
Price to Book: 0.7
Net Asset Value (NAV): SGD 3.031
Closing Price (30-Apr-25): SGD 2.235
Cromwell SGD (SGX:CWCU)
Market Capitalization: SGD 1.3B
Current Dividend Yield: 9.15%
Price to Equity: 26.623
Price to Book: 0.732
Net Asset Value (NAV): SGD 3.031
Closing Price (30-Apr-25): SGD 2.22
AIMS APAC (SGX:O5RU)
Market Capitalization: SGD 1B
Current Dividend Yield: 7.67%
Price to Equity: 22.626
Price to Book: 0.698
Net Asset Value (NAV): SGD 1.763
Closing Price (30-Apr-25): SGD 1.23
Frasers Logistics & Commercial Trust (SGX:BUOU)
Market Capitalization: SGD 3.4B
Current Dividend Yield: 7.60%
Price to Equity: 22.798
Price to Book: 0.788
Net Asset Value (NAV): SGD 1.136
Closing Price (30-Apr-25): SGD 0.895
Far East Hospitality Trust (SGX:Q5T)
Market Capitalization: SGD 1.1B
Current Dividend Yield: 7.41%
Price to Equity: 23.512
Price to Book: 0.593
Net Asset Value (NAV): SGD 0.919
Closing Price (30-Apr-25): SGD 0.545
Starhill Global Reit (SGX:P40U)
Market Capitalization: SGD 1.1B
Current Dividend Yield: 7.37%
Price to Equity: 17.082
Price to Book: 0.655
Net Asset Value (NAV): SGD 0.756
Closing Price (30-Apr-25): SGD 0.495
Mapletree Logistics Trust (SGX:M44U)
Market Capitalization: SGD 5.7B
Current Dividend Yield: 7.19%
Price to Equity: 30.918
Price to Book: 0.786
Net Asset Value (NAV): SGD 1.425
Closing Price (30-Apr-25): SGD 1.12
CapitaLand Ascott Trust (SGX:HMN)
Market Capitalization: SGD 3.3B
Current Dividend Yield: 7.13%
Price to Equity: 14.313
Price to Book: 0.68
Net Asset Value (NAV): SGD 1.257
Closing Price (30-Apr-25): SGD 0.855
Lendlease Reit (SGX:JYEU)
Market Capitalization: SGD 1.2B
Current Dividend Yield: 6.92%
Price to Equity: 21.846
Price to Book: 0.566
Net Asset Value (NAV): SGD 0.909
Closing Price (30-Apr-25): SGD 0.515
Mapletree Industrial Trust (SGX:ME8U)
Market Capitalization: SGD 5.8B
Current Dividend Yield: 6.72%
Price to Equity: 48.118
Price to Book: 1.094
Net Asset Value (NAV): SGD 1.846
Closing Price (30-Apr-25): SGD 2.02
CDL Hospitality Trust (SGX:J85)
Market Capitalization: SGD 1B
Current Dividend Yield: 6.69%
Price to Equity: 69.366
Price to Book: 0.546
Net Asset Value (NAV): 1.456
Closing Price (30-Apr-25): SGD 0.795
PARAGON REIT (SGX:SK6U)
Market Capitalization: SGD 2.8B
Current Dividend Yield: 6.63%
Price to Equity: 9.08
Price to Book: 1.044
Net Asset Value (NAV): SGD 0.938
Closing Price (30-Apr-25): SGD 0.98
Mapletree Pan Asia Commercial Trust (SGX:N2IU)
Market Capitalization: SGD 6.4B
Current Dividend Yield: 6.57%
Price to Equity: 11.001
Price to Book: 0.668
Net Asset Value (NAV): SGD 1.825
Closing Price (30-Apr-25): SGD 1.22
Keppel Reit (SGX:K71U)
Market Capitalization: SGD 3.3B
Current Dividend Yield: 6.55%
Price to Equity: 33.209
Price to Book: 0.633
Net Asset Value (NAV): SGD 1.351
Closing Price (30-Apr-25): SGD 0.855
Ascendas REIT (SGX:A17U)
Market Capitalization: SGD 11.7B
Current Dividend Yield: 5.72%
Price to Equity: 15.501
Price to Book: 1.136
Net Asset Value (NAV): SGD 2.343
Closing Price (30-Apr-25): SGD 2.66
Suntec Reit (SGX:T82U)
Market Capitalization: SGD 3.4B
Current Dividend Yield: 5.43%
Price to Equity: 29.793
Price to Book: 0.529
Net Asset Value (NAV): SGD 2.174
Closing Price (30-Apr-25): SGD 1.15
Frasers Centrepoint Trust (SGX:J69U)
Market Capitalization: SGD 4.6B
Current Dividend Yield: 5.38%
Price to Equity: 20.726
Price to Book: 0.984
Net Asset Value (NAV): SGD 2.297
Closing Price (30-Apr-25): SGD 2.26
CapitaLand Integrated Commercial Trust (SGX:C38U)
Market Capitalization: SGD 15.7B
Current Dividend Yield: 5.06%
Price to Equity: 16.806
Price to Book: 1.011
Net Asset Value (NAV): SGD 2.127
Closing Price (30-Apr-25): SGD 2.15