Singapore REITs To Buy in October 2023

Singapore REITs To Buy in November 2023

As usual, I will share the Singapore REITs To Buy in November 2023. In the Fed meeting last Wednesday, the Federal Reserve decided to hold the interest rates steady. Stocks, especially REITs rallied on the good news.

The Fed shared that the key federal funds rate is expected to be kept in a target range between 5.25%-5.5%. As you can see from the US Inflation chart below, the inflation rate remained steady at 3.7% in September and October.

US Inflation Rates October 2023

According to Fed Chair James Powell, his aim is to bring the US inflation down to 2%. This means that there can still be possibility ahead that the Fed increases the interest rate in the event the inflation rate doesn’t trend down on its own.

What does this mean for REITs? It means financial costs goes up, offsetting distribution. Of course the share price will once again react negatively. This means opportunities for dividend investors like me.

If you have missed the boat few weeks ago, fear not. The prices of certain REITs have not recovered or rallied higher enough.

Below is a list of REITs that I screened using my favourite stock screener from Stocks Café. 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

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.

Singapore REITs To Buy in November 2023

CapitaLand China Trust (SGX:AU8U)
Current Dividend Yield: 8.76%
Price to Equity: 14.149
Price to Book: 0.588
Market Capitalization: SGD 1.4B
Lendlease Reit (SGX:JYEU)
Current Dividend Yield: 8.62%
Price to Equity: 12.5
Price to Book: 0.568
Market Capitalization: SGD 1.3B
OUE Commercial Reit (SGX:TS0U)
Current Dividend Yield: 8.53%
Price to Equity: 5.126
Price to Book: 0.417
Market Capitalization: SGD 1.3B
Keppel Reit (SGX:K71U)
Current Dividend Yield: 7.09%
Price to Equity: 10.898
Price to Book: 0.582
Market Capitalization: SGD 3.1B
CapitaLand India Trust (SGX:CY6U)
Current Dividend Yield: 6.99%
Price to Equity: 10.567
Price to Book: 0.969
Market Capitalization: SGD 1.2B
Current Dividend Yield: 6.68%
Price to Equity: 13.386
Price to Book: 0.758
Market Capitalization:  SGD 7.1B
Suntec Reit (SGX:T82U)
Current Dividend Yield: 6.42%
Price to Equity: 12.54
Price to Book: 0.504
Market Capitalization: SGD 3.3B
Frasers Logistics and Commercial Trust (SGX:BUOU)
Current Dividend Yield: 6.34%
Price to Equity: 7.322
Price to Book: 0.869
Market Capitalization: SGD 4.1B
CapitaLand Ascott Trust (SGX:HMN)
Current Dividend Yield: 6.20%
Price to Equity: 13.047
Price to Book: 0.734
Market Capitalization: SGD 3.2B
CDL Hospitality Trust (SGX:J85)
Current Dividend Yield: 6.10%
Price to Equity: 6.464
Price to Book: 0.708
Market Capitalization: SGD 1.2B
Far East Hospitality Trust (SGX:Q5T)
Current Dividend Yield: 6.08%
Price to Equity: 6.889
Price to Book: 0.662
Market Capitalization: SGD 1.2B
Current Dividend Yield: 5.87%
Price to Equity: 13.799
Price to Book: 1.004
Market Capitalization: SGD 7.6B
Current Dividend Yield: 5.81%
Price to Equity: 16.509
Price to Book: 0.9
Market Capitalization: SGD 3.6B
Current Dividend Yield: 5.79%
Price to Equity: 17.507
Price to Book: 0.867
Market Capitalization: SGD 12.2B
CapitaLand Ascendas REIT (SGX:A17U)
Current Dividend Yield: 5.79%
Price to Equity: 15.833
Price to Book: 1.128
Market Capitalization: SGD 11.9B
Current Dividend Yield: 5.64%
Price to Equity: 14.207
Price to Book: 1.299
Market Capitalization: SGD 3.1B

 

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