Last month, the Fed has again increased interest rates by a quarter percentage point. You may wonder if there are still highest yielding REITs in April 2023 that you can invest in for passive income?
REITs continue to take hits on their subsequent dividend payout whenever there is an interest rate hike. Even so, I noticed the share price of REITs are not going down despite such negative news (rate hikes). Investors must be pretty bullish.
Using my favourite Stock Screener from Stocks Café, I have screened the highest yielding REITs and sorted them in descending order based on their current dividend yield.
To recap, below are the criteria that I used to screen for dividend stocks.
- Current Yield (%) >= 5 and <= 10
- Price / Earnings <=20
- Price / Book <= 3
- Market Capitalization >= 1B
Please do your own due diligence prior to investing into the below REITs.
Highest Yielding REITs in April 2023
Hutchison Port Holdings Trust USD (SGX:NS8U)
Current Dividend Yield: 9.878
Price to Equity: 11.632
Price to Book: 0.477
Market Capitalization: 2.2B
Hutchison Port Holdings Trust SGD (SGX:P7VU)
Current Dividend Yield: 9.804
Price to Equity: 11.919
Price to Book: 0.489
Market Capitalization: 2.2B
CapitaLand India Trust (SGX:CY6U)
Current Dividend Yield: 7.514
Price to Equity: 9.191
Price to Book: 0.981
Market Capitalization: 1.3B
Mapletree PanAsia Commercial Trust (SGX:N2IU)
Current Dividend Yield: 6.944
Price to Equity: 14.196
Price to Book: 1.011
Market Capitalization: 9.4B
CapitaLand China Trust (SGX:AU8U)
Current Dividend Yield: 6.696
Price to Equity: 18.016
Price to Book: 0.836
Market Capitalization: 1.9B
Keppel Reit (SGX:K71U)
Current Dividend Yield: 6.689
Price to Equity: 10.461
Price to Book: 0.66
Market Capitalization: 3.3B
Suntec Reit (SGX:T82U)
Current Dividend Yield: 6.213
Price to Equity: 6.679
Price to Book: 0.675
Market Capitalization: 4.1B
Frasers Logistics & Commercial Trust (SGX:BUOU)
Current Dividend Yield: 5.817
Price to Equity: 6.636
Price to Book: 1.008
Market Capitalization: 4.9B
Mapletree Industrial Trust (SGX:ME8U)
Current Dividend Yield: 5.793
Price to Equity: 14.057
Price to Book: 1.247
Market Capitalization: 6.5B
CapitaLand Ascott Trust (SGX:HMN)
Current Dividend Yield: 5.693
Price to Equity: 18.952
Price to Book: 0.865
Market Capitalization: 3.4B
Far East Hospitality Trust (SGX:Q5T)
Current Dividend Yield: 5.59
Price to Equity: 5.691
Price to Book: 0.688
Market Capitalization: 1.2B
Lendlease Reit (SGX:JYEU)
Current Dividend Yield: 5.533
Price to Equity: 7.87
Price to Book: 0.872
Market Capitalization: 1.6B
CapitaLand Ascendas REIT (SGX:A17U)
Current Dividend Yield: 5.524
Price to Equity: 11.967
Price to Book: 1.207
Market Capitalization: 12B
Mapletree Logistics Trust (SGX:M44U)
Current Dividend Yield: 5.347
Price to Equity: 10.383
Price to Book: 1.213
Market Capitalization: 8.2B
CapitaLand Integrated Commercial Trust (SGX:C38U)
Current Dividend Yield: 5.343
Price to Equity: 18.132
Price to Book: 0.934
Market Capitalization: 13.1B
Frasers Centrepoint Trust (SGX:J69U)
Current Dividend Yield: 5.339
Price to Equity: 18.801
Price to Book: 0.983
Market Capitalization: 3.9B