Are you wondering what REITs to buy in October 23 crash? Last week, there was a big drop in REIT prices. For example, Keppel DC REIT (SGX:AJBU) fell from opening price of S$2.03 on Monday to S$1.72 on Friday. That is almost a 15% dip in share price!
The share price of blue chip CapitaLand Ascendas REIT (SGX:A17U) also dropped from S$2.70 to $2.48. That is almost a 8% dip!
My observation was that institutional investors are selling off blue chip REITs. They may have insider news of something big boiling but I do not know.
Nevertheless, the big REIT crash was no surprise to me given the following negative events that have been impacting REITs for quite some time.
- Possibility of another interest rate hike and high interest rates staying longer.
- China Property Crisis.
- Israel-Hamas Conflict.
On Friday 20th October 2023, many fellow dividend investors like Dividend Tech Warrior and The Life Investors had opened their war chest to start scooping up REITs that are cheaper right now. Like them, I have also nibbled at Keppel DC REIT which I have been waiting for almost 4 years to add it to my stock portfolio.
When prices of REITs crash, their current dividend yield rises! Below is a list of REITs with their current dividend yield that I have screened using my favourite Stock Screener from Stocks Café.
Start shopping!
But, it is important for you to know that you should not buy the stock solely based on the current dividend yield! Do pay attention to the debt level as well! Stock screening only provide you a shorter list to analyse further.
REITs To Buy In October 23 Crash
Lendlease Reit (SGX:JYEU)
Current Dividend Yield: 9.49%
Price to Equity: 11.353
Price to Book: 0.516
Market Capitalization: SGD 1.2B
OUE Commercial Reit (SGX:TS0U)
Current Dividend Yield: 9.29%
Price to Equity: 4.707
Price to Book: 0.383
Market Capitalization: SGD 1.2B
CapitaLand China Trust (SGX:AU8U)
Current Dividend Yield: 8.65%
Price to Equity: 14.323
Price to Book: 0.595
Market Capitalization: SGD 1.4B
Keppel Reit (SGX:K71U)
Current Dividend Yield: 7.22%
Price to Equity: 10.7
Price to Book: 0.572
Market Capitalization: SGD 3B
Frasers Logistics and Commercial Trust (SGX:BUOU)
Current Dividend Yield: 7.22%
Price to Equity: 6.662
Price to Book: 0.79
Market Capitalization: SGD 3.8B
CapitaLand India Trust (SGX:CY6U)
Current Dividend Yield: 7.13%
Price to Equity: 10.364
Price to Book: 0.95
Market Capitalization: SGD 1.2B
Mapletree Pan Asia Commercial Trust (SGX:N2IU)
Current Dividend Yield: 6.78%
Price to Equity: 12.697
Price to Book: 0.718
Market Capitalization: SGD 6.8B
CapitaLand Ascott Trust (SGX:HMN)
Current Dividend Yield: 6.55%
Price to Equity: 12.341
Price to Book: 0.694
Market Capitalization: SGD 3B
Suntec Reit (SGX:T82U)
Current Dividend Yield: 6.48%
Price to Equity: 12.429
Price to Book: 0.5
Market Capitalization: SGD 3.2B
Far East Hospitality Trust (SGX:Q5T)
Current Dividend Yield: 6.46%
Price to Equity: 6.487
Price to Book: 0.624
Market Capitalization: SGD 1.1B
CDL Hospitality Trust (SGX:J85)
Current Dividend Yield: 6.35%
Price to Equity: 6.206
Price to Book: 0.68
Market Capitalization: SGD 1.2B
CapitaLand Ascendas REIT (SGX:A17U)
Current Dividend Yield: 6.31%
Price to Equity: 14.543
Price to Book: 1.036
Market Capitalization: SGD 10.9B
CapitaLand Integrated Commercial Trust (SGX:C38U)
Current Dividend Yield: 6.23%
Price to Equity: 16.27
Price to Book: 0.806
Market Capitalization: SGD 11.4B
Mapletree Logistics Trust (SGX:M44U)
Current Dividend Yield: 6.09%
Price to Equity: 13.262
Price to Book: 0.962
Market Capitalization: SGD 7.3B
Frasers Centrepoint Trust (SGX:J69U)
Current Dividend Yield: 5.96%
Price to Equity: 16.193
Price to Book: 0.883
Market Capitalization: SGD 3.5B
Keppel DC Reit (SGX:AJBU)
Current Dividend Yield: 5.94%
Price to Equity: 13.501
Price to Book: 1.235
Market Capitalization: SGD 3B