Singapore REITs To Buy in September 2023

Singapore Presidential Election is over. Let us go back to look at Singapore REITs To Buy in September 2023. As shared last month, most REITs were impacted by the higher financial costs due to the Fed rate hikes. The higher financial costs eroded into the Distributable Income to Unitholders.

Because of the decline is DPU (Distribution Per Unit), some of the REITs were being sold down by existing unitholders. Dividend investors are not so concern about the decline in share prices because recurring passive income is what we are most concern about. Whether the decline in share prices of REITs is an opportunity or threat, I leave it to you to decide.

As usual, I like to share that it is very tedious to analyse each and every individual REIT to decide which ones to buy. By the time you finish analyzing all the REITs, the boat would have sailed away.

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 at what current 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 September 2023

OUE Commercial Reit (SGX:TS0U)
Current Dividend Yield: 8.894
Price to Equity: 4.916
Price to Book: 0.4
Market Capitalization: SGD 1.3B

Lendlease Reit (SGX:JYEU)
Current Dividend Yield: 8.166
Price to Equity: 6.655
Price to Book: 0.599
Market Capitalization: SGD 1.3B

CapitaLand China Trust (SGX:AU8U)
Current Dividend Yield: 7.89
Price to Equity: 15.712
Price to Book: 0.652
Market Capitalization: SGD 1.5B

Keppel Reit(SGX:K71U)
Current Dividend Yield: 6.763
Price to Equity: 11.427
Price to Book: 0.61
Market Capitalization: SGD 3.3B

CapitaLand India Trust (SGX:CY6U)
Current Dividend Yield: 6.267
Price to Equity: 11.787
Price to Book: 1.081
Market Capitalization: SGD 1.4B

Suntec Reit (SGX:T82U)
Current Dividend Yield: 6.24
Price to Equity: 13.428
Price to Book: 0.54
Market Capitalization: SGD 3.5B

Frasers Logistics and Commercial Trust (SGX:BUOU)
Current Dividend Yield: 6.075
Price to Equity: 7.916
Price to Book: 0.939
Market Capitalization: SGD 4.5B

CDL Hospitality Trust (SGX:J85)
Current Dividend Yield: 5.922
Price to Equity: 6.658
Price to Book: 0.729
Market Capitalization: SGD 1.3B

CapitaLand Ascott Trust (SGX:HMN)
Current Dividend Yield: 5.904
Price to Equity: 13.681
Price to Book: 0.77
Market Capitalization: SGD 3.4B

Mapletree PanAsia Commercial Trust (SGX:N2IU)
Current Dividend Yield: 5.757
Price to Equity: 14.961
Price to Book: 0.846
Market Capitalization: SGD 8B

Far East Hospitality Trust (SGX:Q5T)
Current Dividend Yield: 5.748
Price to Equity: 7.29
Price to Book: 0.701
Market Capitalization: SGD 1.3B

CapitaLand Ascendas REIT (SGX:A17U)
Current Dividend Yield: 5.648
Price to Equity: 16.243
Price to Book: 1.158
Market Capitalization: SGD 12.2B

CapitaLand Integrated Commercial Trust (SGX:C38U)
Current Dividend Yield: 5.581
Price to Equity: 18.173
Price to Book: 0.9
Market Capitalization: SGD 12.7B

Frasers Centrepoint Trust (SGX:J69U)
Current Dividend Yield: 5.456
Price to Equity: 17.694
Price to Book: 0.965
Market Capitalization: SGD 3.8B

Mapletree Logistics Trust (SGX:M44U)
Current Dividend Yield: 5.365
Price to Equity: 15.054
Price to Book: 1.092
Market Capitalization: SGD 8.3B

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