With the Fed cutting 50 bps in September, are you wondering what are the REITs that pay the highest dividends in October 2024? If you are looking for higher returns than Singapore T Bills, Singapore Savings Bonds and Fixed Deposits, you should take a look into investing in REITs for higher yield.
Singapore 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.
Investors should conduct thorough research on the specific REITs they are interested in, considering factors such as the quality of the underlying assets, management team, and historical performance. As with any investment, it is important to assess your risk tolerance and investment goals before allocating funds into Singapore REITs.
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
Last year, I collected a total passive income of more than $16K and I am currently on track to increase my passive income through my purchases in 2024. Please do not be mistaken. 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.
Below is a list of Singapore REITs that I screened, 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.
REITs That Pay The Highest Dividends In October 2024
PARAGON REIT (SGX:SK6U)
Market Capitalization: SGD 2.6B
Current Dividend Yield: 7.40%
Price to Equity: 10.188
Price to Book: 0.877
Net Asset Value (NAV): SGD 1.044
Closing Price (4-Oct-24): SGD 0.915
AIMS APAC (SGX:O5RU)
Market Capitalization: SGD 1.1B
Current Dividend Yield: 7.17%
Price to Equity: 24.882
Price to Book: 0.735
Net Asset Value (NAV): SGD 1.769
Closing Price (4-Oct-24): SGD 1.3
CapitaLand China Trust (SGX:AU8U)
Market Capitalization: SGD 1.5B
Current Dividend Yield: 6.91%
Price to Equity: 94.397
Price to Book: 0.695
Net Asset Value (NAV): SGD 1.252
Closing Price (4-Oct-24): SGD 0.87
Starhill Global Reit (SGX:P40U)
Market Capitalization: SGD 1.3B
Current Dividend Yield: 6.72%
Price to Equity: 19.513
Price to Book: 0.711
Net Asset Value (NAV): SGD 0.759
Closing Price (4-Oct-24): SGD 0.54
Far East Hospitality Trust (SGX:Q5T)
Market Capitalization: SGD 1.3B
Current Dividend Yield: 6.35%
Price to Equity: 11.137
Price to Book: 0.702
Net Asset Value (NAV): SGD 0.926
Closing Price (4-Oct-24): SGD 0.65
Lendlease Reit (SGX:JYEU)
Market Capitalization: SGD 1.5B
Current Dividend Yield: 6.28%
Price to Equity: 69.8
Price to Book: 0.654
Net Asset Value (NAV): –
Closing Price (4-Oct-24): SGD 0.615
OUE REIT (SGX:TS0U)
Market Capitalization: SGD 1.8B
Current Dividend Yield: 6.16%
Price to Equity: 8.755
Price to Book: 0.533
Net Asset Value (NAV): SGD 0.6
Closing Price (4-Oct-24): SGD 0.32
CapitaLand Integrated Commercial Trust (SGX:C38U)
Market Capitalization: SGD 15.4B
Current Dividend Yield: 6.15%
Price to Equity: 17.048
Price to Book: 0.998
Net Asset Value (NAV): SGD 2.124
Closing Price (4-Oct-24): SGD 2.12
Mapletree Logistics Trust (SGX:M44U)
Market Capitalization: SGD 7.4B
Current Dividend Yield: 5.99%
Price to Equity: 25.199
Price to Book: 0.987
Net Asset Value (NAV): SGD 1.49
Closing Price (4-Oct-24): SGD 1.47
Keppel Reit (SGX:K71U)
Market Capitalization: SGD 3.7B
Current Dividend Yield: 5.94%
Price to Equity: 29.796
Price to Book: 0.697
Net Asset Value (NAV): SGD 1.378
Closing Price (4-Oct-24): SGD 0.96
Mapletree Commercial Trust (SGX:N2IU)
Market Capitalization: SGD 7.9B
Current Dividend Yield: 5.84%
Price to Equity: 13.846
Price to Book: 0.838
Net Asset Value (NAV): SGD 1.803
Closing Price (4-Oct-24): SGD 1.51
CapitaLand Ascott Trust (SGX:HMN)
Market Capitalization: SGD 3.7B
Current Dividend Yield: 5.76%
Price to Equity: 15.637
Price to Book: 0.783
Net Asset Value (NAV): SGD 1.252
Closing Price (4-Oct-24): SGD 0.98
CDL Hospitality Trust (SGX:J85)
Market Capitalization: SGD 1.3B
Current Dividend Yield: 5.64%
Price to Equity: 10.896
Price to Book: 0.67
Net Asset Value (NAV): –
Closing Price (4-Oct-24): SGD 1.01
Mapletree Industrial Trust (SGX:ME8U)
Market Capitalization: SGD 7.1B
Current Dividend Yield: 5.37%
Price to Equity: 61.907
Price to Book: 1.349
Net Asset Value (NAV): SGD 1.86
Closing Price (4-Oct-24): SGD 2.51
Frasers Centrepoint Trust (SGX:J69U)
Market Capitalization: SGD 4.2B
Current Dividend Yield: 5.24%
Price to Equity: 22.457
Price to Book: 1.012
Net Asset Value (NAV): SGD 2.273
Closing Price (4-Oct-24): SGD 2.3
Ascendas REIT (SGX:A17U)
Market Capitalization: SGD 12.6B
Current Dividend Yield: 5.21%
Price to Equity: 83.722
Price to Book: 1.229
Net Asset Value (NAV): SGD 2.335
Closing Price (4-Oct-24): SGD 2.87
Suntec Reit (SGX:T82U)
Market Capitalization: SGD 3.9B
Current Dividend Yield: 5.04%
Price to Equity: 20.668
Price to Book: 0.599
Net Asset Value (NAV): SGD 2.219
Closing Price (4-Oct-24): SGD 1.33