Are you looking for the highest dividend REITs in Singapore in November 2024 to build your passive income portfolio? In September, the Fed cut interest rates by 50 bps. The move is expected to benefit REITs in terms of reducing financial costs when their debt is due for renewal. If you can afford to take slightly more risk as compared to low-risk products such as Singapore T Bills, Singapore Savings Bonds and Fixed Deposits, why not consider investing in REITs?
In the year 2023, I collected a total passive income of more than $16K and I am expecting to receive around S$17K of passive income in 2024. Besides REITs, I also invest in Singapore Savings Bond and Treasury Bills (T Bills), but the majority of my passive income comes from the dividends paid out by REITs in my stock portfolio. The important thing 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.
What are REITs? Real Estate Investment Trusts (REITs) offer investors the opportunity to invest in a diversified portfolio of real estate properties without directly owning them. Investing in Singapore REITs can provide a steady stream of income through dividends and potential capital appreciation. With a transparent regulatory framework and stable economy, Singapore REITs are considered a relatively safe investment option.
How to Find REITs to Buy?
There are many high dividend yielding REITs that you can buy from the Singapore stock market. But the question is, how do you find a list of REITs to start with? Most seasoned investors start with stock screening instead of randomly searching on the Singapore Stock Exchange for REITs to buy.
As shared in my previous post, 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
Every start of the month, I will screen for a list of REITs which becomes my watchlist. Below is a list of Singapore REITs that I screened using Stocks Café Stock Screener, sorted from the highest current dividend yield to the lowest. Please read up their latest financial results and 6 Terms to Know As A REIT Investor before investing in them.
Highest Dividend REITs in Singapore November 2024
CapitaLand China Trust (SGX:AU8U)
Market Capitalization: SGD 1.3B
Current Dividend Yield: 7.96%
Price to Equity: 81.919
Price to Book: 0.603
Net Asset Value (NAV): SGD 1.252
Closing Price (30-Oct-24): SGD 0.755
PARAGON REIT (SGX:SK6U)
Market Capitalization: SGD 2.5B
Current Dividend Yield: 7.74%
Price to Equity: 9.743
Price to Book: 0.839
Net Asset Value (NAV): SGD 1.044
Closing Price (30-Oct-24): SGD 0.875
AIMS APAC (SGX:O5RU)
Market Capitalization: SGD 1B
Current Dividend Yield: 7.34%
Price to Equity: 24.307
Price to Book: 0.718
Net Asset Value (NAV): SGD 1.769
Closing Price (30-Oct-24): SGD 1.27
Starhill Global Reit (SGX:P40U)
Market Capitalization: SGD 1.2B
Current Dividend Yield: 7.12%
Price to Equity: 18.429
Price to Book: 0.672
Net Asset Value (NAV): SGD 0.759
Closing Price (30-Oct-24): SGD 0.51
OUE REIT (SGX:TS0U)
Market Capitalization: SGD 1.6B
Current Dividend Yield: 6.79%
Price to Equity: 7.934
Price to Book: 0.483
Net Asset Value (NAV): SGD 0.6
Closing Price (30-Oct-24): SGD 0.29
Lendlease Reit (SGX:JYEU)
Market Capitalization: SGD 1.4B
Current Dividend Yield: 6.72%
Price to Equity: 23.467
Price to Book: 0.618
Net Asset Value (NAV): SGD 0.93
Closing Price (30-Oct-24): SGD 0.575
Far East Hospitality Trust (SGX:Q5T)
Market Capitalization: SGD 1.3B
Current Dividend Yield: 6.66%
Price to Equity: 10.623
Price to Book: 0.67
Net Asset Value (NAV): SGD 0.926
Closing Price (30-Oct-24): SGD 0.62
Mapletree Commercial Trust (SGX:N2IU)
Market Capitalization: SGD 6.9B
Current Dividend Yield: 6.53%
Price to Equity: 15.044
Price to Book: 0.746
Net Asset Value (NAV): SGD 1.756
Closing Price (30-Oct-24): SGD 1.31
CapitaLand Integrated Commercial Trust (SGX:C38U)
Market Capitalization: SGD 14.9B
Current Dividend Yield: 6.46%
Price to Equity: 16.244
Price to Book: 0.951
Net Asset Value (NAV): SGD 2.124
Closing Price (30-Oct-24): SGD 2.02
Mapletree Logistics Trust (SGX:M44U)
Market Capitalization: SGD 6.8B
Current Dividend Yield: 6.44%
Price to Equity: 26.375
Price to Book: 0.919
Net Asset Value (NAV): SGD 1.448
Closing Price (30-Oct-24): SGD 1.33
Keppel Reit (SGX:K71U)
Market Capitalization: SGD 3.5B
Current Dividend Yield: 6.33%
Price to Equity: 27.934
Price to Book: 0.653
Net Asset Value (NAV): SGD 1.378
Closing Price (30-Oct-24): SGD 0.9
CDL Hospitality Trust (SGX:J85)
Market Capitalization: SGD 1.2B
Current Dividend Yield: 6.33%
Price to Equity: 9.709
Price to Book: 0.597
Net Asset Value (NAV): –
Closing Price (30-Oct-24): SGD 0.9
CapitaLand Ascott Trust (SGX:HMN)
Market Capitalization: SGD 3.5B
Current Dividend Yield: 6.23%
Price to Equity: 14.441
Price to Book: 0.723
Net Asset Value (NAV): SGD 1.252
Closing Price (30-Oct-24): SGD 0.905
Mapletree Industrial Trust (SGX:ME8U)
Market Capitalization: SGD 6.8B
Current Dividend Yield: 5.63%
Price to Equity: 59.194
Price to Book: 1.29
Net Asset Value (NAV): SGD 1.86
Closing Price (30-Oct-24): SGD 2.4
Ascendas REIT (SGX:A17U)
Market Capitalization: SGD 12B
Current Dividend Yield: 5.56%
Price to Equity: 78.471
Price to Book: 1.152
Net Asset Value (NAV): SGD 2.335
Closing Price (30-Oct-24): SGD 2.69
Suntec Reit (SGX:T82U)
Market Capitalization: SGD 3.6B
Current Dividend Yield: 5.45%
Price to Equity: 18.493
Price to Book: 0.536
Net Asset Value (NAV): SGD 2.219
Closing Price (30-Oct-24): SGD 1.19
Frasers Centrepoint Trust (SGX:J69U)
Market Capitalization: SGD 4.1B
Current Dividend Yield: 5.38%
Price to Equity: 20.543
Price to Book: 0.975
Net Asset Value (NAV): SGD 2.297
Closing Price (30-Oct-24): SGD 2.24
ParkwayLife REIT (SGX:C2PU)
Market Capitalization: SGD 2.3B
Current Dividend Yield: 5.30%
Price to Equity: 21.804
Price to Book: 1.605
Net Asset Value (NAV): SGD 2.355
Closing Price (30-Oct-24): SGD 3.78