To fight inflation Powell signals the Fed is open to rate hikes in the coming meetings. Such news can cause a negative impact on stock prices which means there are opportunity on Singapore REITs to buy in July 2023.
As there are too many REITs in the stock market, it is tedious to analyse each and every individual REIT to decide which ones to buy. Thus, 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 July 2023
Hutchison Port Holdings Trust SGD (SGX:P7VU)
Current Dividend Yield: 9.616
Price to Equity: 11.933
Price to Book: 0.489
Market Capitalization: 2.3B
Hutchison Port Holdings Trust USD (SGX:NS8U)
Current Dividend Yield: 9.571
Price to Equity: 11.976
Price to Book: 0.491
Market Capitalization: 2.3B
CapitaLand Ascendas REIT (SGX:A17U)
Current Dividend Yield: 8.066
Price to Equity: 15.198
Price to Book: 1.163
Market Capitalization: 11.4B
ESR-LOGOS REIT (SGX:J91U)
Current Dividend Yield: 7.576
Price to Equity: 16.921
Price to Book: 0.936
Market Capitalization: 2.3B
CapitaLand China Trust (SGX:AU8U)
Current Dividend Yield: 7.353
Price to Equity: 13.966
Price to Book: 0.716
Market Capitalization: 1.7B
CapitaLand India Trust (SGX:CY6U)
Current Dividend Yield: 7.184
Price to Equity: 9.615
Price to Book: 1.051
Market Capitalization: 1.3B
Keppel Reit (SGX:K71U)
Current Dividend Yield: 6.578
Price to Equity: 8.361
Price to Book: 0.625
Market Capitalization: 3.4B
OUE Commercial Reit (SGX:TS0U)
Current Dividend Yield: 6.424
Price to Equity: 6.92
Price to Book: 0.558
Market Capitalization: 1.8B
Suntec Reit (SGX:T82U)
Current Dividend Yield: 6.38
Price to Equity: 8.032
Price to Book: 0.576
Market Capitalization: 3.7B
Mapletree PanAsia Commercial Trust (SGX:N2IU)
Current Dividend Yield: 5.932
Price to Equity: 12.723
Price to Book: 0.886
Market Capitalization: 8.5B
Frasers Logistics and Commercial Trust (SGX:BUOU)
Current Dividend Yield: 5.832
Price to Equity: 8.306
Price to Book: 0.98
Market Capitalization: 4.6B
Mapletree Logistics Trust (SGX:M44U)
Current Dividend Yield: 5.707
Price to Equity: 14.265
Price to Book: 1.067
Market Capitalization: 7.8B
Lendlease Reit (SGX:JYEU)
Current Dividend Yield: 5.701
Price to Equity: 7.639
Price to Book: 0.691
Market Capitalization: 1.5B
Frasers Centrepoint Trust (SGX:J69U)
Current Dividend Yield: 5.58
Price to Equity: 17.331
Price to Book: 0.943
Market Capitalization: 3.7B
CapitaLand Integrated Commercial Trust (SGX:C38U)
Current Dividend Yield: 5.539
Price to Equity: 17.544
Price to Book: 0.903
Market Capitalization: 12.7B
CapitaLand Ascott Trust (SGX:HMN)
Current Dividend Yield: 5.245
Price to Equity: 17.271
Price to Book: 0.858
Market Capitalization: 3.7B
Far East Hospitality Trust (SGX:Q5T)
Current Dividend Yield: 5.19
Price to Equity: 6.154
Price to Book: 0.697
Market Capitalization: 1.3B