Many REITs have announced their latest financial results and I am still catching up on them. So far, I have seen the Distribution Per Unit (DPU) of most REITs being impacted by higher financial costs due to the Fed rate hikes. With such negative news, opportunities have appeared on Singapore REITs to buy in August 2023.
It is tedious to analyse each and every individual REIT to decide which ones to buy. As a quick way, I will usually use a 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.
It is important for you to know that you should not buy the stock solely based on the current dividend yield. The screening only provide you a shorter list to analyse further.
With the shorter list of stocks, I will then drill in further into each of them to analyse if they are worthy to add into my stock portfolio. My preferred stock screener is the Stock Screener from Stocks Café.
Many reader keep asking me what dividend yield will I buy? Below are the criteria that I used to screen for dividend stocks. You can adjust them to fit your risk appetite.
- Current Yield (%) >= 5 and <= 10
- Price / Earnings <=20
- Price / Book <= 3
- Market Capitalization >= 1B
I have screened the highest yielding REITs and sorted them in descending order based on their current dividend yield. Please do your own due diligence prior to investing into the below REITs.
Singapore REITs To Buy in August 2023
CapitaLand China Trust (SGX:AU8U)
Current Dividend Yield: 7.286%
Price to Equity: 17.014
Price to Book: 0.707
Market Capitalization: SGD 1.7B
OUE Commercial Reit (SGX:TS0U)
Current Dividend Yield: 7.085%
Price to Equity: 6.172
Price to Book: 0.502
Market Capitalization: SGD 1.6B
Keppel Reit (SGX:K71U)
Current Dividend Yield: 6.61%
Price to Equity: 11.691
Price to Book: 0.624
Market Capitalization: SGD 3.3B
CapitaLand India Trust (SGX:CY6U)
Current Dividend Yield: 6.609%
Price to Equity: 9.345
Price to Book: 1.025
Market Capitalization: SGD 1.3B
Suntec Reit (SGX:T82U)
Current Dividend Yield: 6.04%
Price to Equity: 13.872
Price to Book: 0.558
Market Capitalization: SGD 3.6B
Far East Hospitality Trust (SGX:Q5T)
Current Dividend Yield: 5.887%
Price to Equity: 7.118
Price to Book: 0.684
Market Capitalization: SGD 1.2B
Frasers Logistics & Commercial Trust (SGX:BUOU)
Current Dividend Yield: 5.879%
Price to Equity: 8.179
Price to Book: 0.97
Market Capitalization: SGD 4.6B
CapitaLand Ascendas REIT (SGX:A17U)
Current Dividend Yield: 5.751%
Price to Equity: 15.203
Price to Book: 1.114
Market Capitalization: SGD 11.4B
Lendlease Reit (SGX:JYEU)
Current Dividend Yield: 5.616%
Price to Equity: 7.755
Price to Book: 0.698
Market Capitalization: SGD 1.5B
Frasers Centrepoint Trust (SGX:J69U)
Current Dividend Yield: 5.606%
Price to Equity: 17.22
Price to Book: 0.939
Market Capitalization: SGD 3.7B
Mapletree Logistics Trust (SGX:M44U)
Current Dividend Yield: 5.53%
Price to Equity: 14.606
Price to Book: 1.06
Market Capitalization: SGD 8.1B
CapitaLand Ascott Trust (SGX:HMN)
Current Dividend Yield: 5.507%
Price to Equity: 14.669
Price to Book: 0.825
Market Capitalization: SGD 3.6B
Mapletree PanAsia Commercial Trust (SGX:N2IU)
Current Dividend Yield: 5.469%
Price to Equity: 15.311
Price to Book: 0.885
Market Capitalization: SGD 8.4B
CapitaLand Integrated Commercial Trust (SGX:C38U)
Current Dividend Yield: 5.357%
Price to Equity: 18.223
Price to Book: 0.938
Market Capitalization: SGD 13.2B
CDL Hospitality Trust (SGX:J85)
Current Dividend Yield: 5.304%
Price to Equity: 7.434
Price to Book: 0.814
Market Capitalization: SGD 1.4B