REITs rallied on 11 November 2022. One week ago, I have screened a list of REITs that provide attractive current dividend yield. You may wonder due to the rally, what is their current dividend yield now? And, are they still attractive to buy?
Let me share why the local stock market reacted positively. The global stock market including Singapore rallied after U.S. stocks rose overnight due to positive news that year-over-year inflation in October fell below 8% for the first time in eight months.
US investors hope that with the good news, the Fed will be less aggressive in their interest rate hikes.
REITs Rallied on 11 November 2022
Let us look at the closing price, percentage price change and change in current dividend yield on Friday, 11 November 2022.
Name: CapitaLand India Trust (SGX:CY6U)
Closing Price: 1.16 SGD (+0.02) (+1.75%)
Current Dividend Yield: 7.099 -> 6.79
Price to Equity: 6.951
Price to Book: 0.926
Market Capitalization: 1.3B
Name: Suntec Reit (SGX:T82U)
Closing Price: 1.36 SGD (+0.04) (+3.03%)
Current Dividend Yield: 7.057->6.75
Price to Equity: 6.072
Price to Book: 0.619
Market Capitalization: 3.7B
Name: Lendlease Reit (SGX:JYEU)
Closing Price: 0.725 SGD (+0.045) (+6.62%)
Current Dividend Yield: 6.929->6.69
Price to Equity: 7.121
Price to Book: 0.897
Market Capitalization: 1.6B
Name: Keppel Reit (SGX:K71U)
Closing Price: 0.905 SGD (+0.03) (+3.43%)
Current Dividend Yield: 6.686->6.46
Price to Equity: 10.343
Price to Book: 0.658
Market Capitalization: 3.3B
Name: Mapletree Pan Asia Commercial Trust (SGX:N2IU)
Closing Price: 1.65 SGD (+0.08) (+5.10%)
Current Dividend Yield: 6.462->6.11
Price to Equity: 11.42
Price to Book: 0.862
Market Capitalization: 8.2B
Name: SPH REIT (SGX:SK6U)
Closing Price: 0.90 SGD (+0.04) (+4.65%)
Current Dividend Yield: 6.456->6.13
Price to Equity: 13.297
Price to Book: 0.929
Market Capitalization: 2.4B
Name: Mapletree Industrial Trust (SGX:ME8U)
Closing Price: 2.30 SGD (+0.12) (+5.50%)
Current Dividend Yield: 6.373->6.01
Price to Equity: 6.05->6.01
Price to Book: 1.124
Market Capitalization: 5.9B
Name: Frasers Centrepoint Trust (SGX:J69U)
Closing Price: 2.00 SGD (+0.06) (+3.09%)
Current Dividend Yield: 6.207->6.11
Price to Equity: 17.527
Price to Book: 0.845
Market Capitalization: 3.4B
Name: CapitaLand Ascendas REIT (SGX:A17U)
Closing Price: 2.76 SGD (+0.16) (+6.15%)
Current Dividend Yield: 6.043->5.61
Price to Equity: 10.712
Price to Book: 1.071
Market Capitalization: 10.8B
Name: Mapletree Logistics Trust (SGX:M44U)
Closing Price: 1.61 SGD (+0.10) (+6.62%)
Current Dividend Yield: 6.019->5.57
Price to Equity: 8.673
Price to Book: 1.021
Market Capitalization: 7.2B
Name: Frasers Logistics and Commercial Trust (SGX:BUOU)
Closing Price: 1.18 SGD (+0.05) (+4.42%)
Current Dividend Yield: 5.89->6.46
Price to Equity: 4.32
Price to Book: 0.826
Market Capitalization: 4B
Name: CapitaLand Integrated Commercial Trust (SGX:C38U)
Closing Price: 2.04 SGD (+0.14) (+7.37%)
Current Dividend Yield: 5.613->5.12
Price to Equity: 10.391
Price to Book: 0.877
Market Capitalization: 12.3B
Name: CapitaLand Ascott Trust (SGX:HMN)
Closing Price: 0.97 SGD (+0.02) (+2.11%)
Current Dividend Yield: 5.406->5.29
Price to Equity: 18.095
Price to Book: 0.819
Market Capitalization: 3.1B
Name: Far East Hospitality Trust (SGX:Q5T)
Closing Price: 0.615 SGD (+0.01) (+1.65%)
Current Dividend Yield: 5.117->4.99
Price to Equity: 6.637
Price to Book: 0.706
Market Capitalization: 1.2B
If you remember, the current dividend yield is based on the formula.
Current Dividend Yield % = (Previous Full Year Dividend / Current Stock Price) x 100%
When stock prices goes down, the current dividend yield goes up. Vice versa, if stock prices goes up, the current dividend yield goes down.
I hope the above list give you a quick glance at which REITs are still attractive to buy.