Singapore REITs to Buy in September 2025

With the Fed signalling rate cuts, it is time to look at Singapore REITs to buy in September 2025. The Fed is meeting up on 16th to 17th September and financial markets are broadly expecting the Fed to cut its benchmark interest rate by a quarter of a percentage point to the 4.00% to 4.25% range. A Fed rate cut in September 2025 could be a meaningful catalyst for Singapore REITs. Below are the reasons why a Fed rate cut can benefit Singapore REITs.

First, lower interest rates directly reduce financing costs for REITs, which typically carry substantial debt to fund property acquisitions and operations. REITs with floating-rate debt or upcoming refinancing needs will benefit from lower interest expenses. This translates into higher distributable income for investors, improving the appeal of REITs as yield instruments.

Second, in a falling rate environment, traditional fixed-income products like government bonds and savings accounts offer lower returns. This makes REITs more attractive by comparison, especially those with stable or growing dividends.

Lastly, the rate cut could offer a lifeline to REITs that have struggled under tighter monetary conditions. For example, Frasers Logistics & Commercial Trust has faced margin pressure, while stronger players like CapitaLand Integrated Commercial Trust have managed to grow distributions despite headwinds. Retail REITs, especially those focused on suburban malls, are showing resilience with strong rental reversions and tenant retention, positioning them well for a recovery.

Investing in Singapore REITs is a good source of building your passive income. Last year, I collected a total of S$19K in passive income. I consistently reinvested the dividends I collected back to the stock market. Through the power of compounding, I hit the financial goal that I set for myself 5 years ago. REIT investing is an excellent and easy way to build our passive income because REITs payout dividends either quarterly or half yearly.

How to Find Singapore REITs to Buy?

In REIT investing, I use a common technique called stock screening. Singapore Stock screening is the process of filtering a large number of stocks based on specific criteria to identify potential investment opportunities. There are many stock screening tools out there. As such, it is not difficult to obtain a shorter list of good REITs and their current dividend yield for further analyse and decision making. Stock Screening tools allow you to screen REITs based on specific factors like P/E ratio, dividend yield, and other financial metrics.

For me, I use Stocks Café 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. Below are the criteria that I used to screen for dividend stocks. You can adjust them to fit your risk appetite.

• Market Capitalization >= 1B
• Current Yield (%) >= 5 and <= 10
• Price / Book <= 3

Market capitalization

Market capitalization, often referred to as “market cap”, is a critical metric in evaluating stocks. It represents the total market value of a company’s outstanding shares of stock. You calculate it by multiplying the company’s current share price by the total number of its outstanding shares.

Market cap helps categorize companies into large-cap stocks, mid-cap stocks and small-cap stocks. Large-cap stocks are usually established companies with a long history of stable performance (e.g., global giants like Apple or Microsoft). These are considered less risky investments.

Mid-cap stocks are companies that are in the growth phase and offer higher growth potential but may carry more risk than large-cap stocks.

Small-cap stocks are smaller companies, often newer and less stable, which have the potential for significant growth but come with higher risk.

Investors use market cap to assess a company’s size and stability, compare it with its peers, and diversify their portfolios across different cap categories depending on their risk tolerance and investment goals. While market cap is important, it’s not the only factor to consider; fundamentals like revenue, profitability, industry trends, and future growth prospects are also crucial.

Current Dividend Yield

Dividend yield is a financial ratio that shows how much a company pays out in dividends each year relative to its stock price. It is calculated as: Dividend Yield (%) = (Annual Dividends Per Share / Current Stock Price) × 100

Price / Book (PB Ratio)

The price-to-book (P/B) ratio is a valuation metric used to assess whether a stock is undervalued or overvalued relative to its book value. It’s calculated as: P/B Ratio = Market Price Per Share / Book Value Per Share.

A P/B ratio lower than 1 could indicate that the stock is undervalued, while a higher P/B ratio might suggest it’s overvalued, assuming other factors remain constant.

Singapore REITs to Buy in September 2025

You can find the Singapore REITs dividend yield from the list of results from my stock screening.

Do watch my video 6 Terms to Know as A REIT Investor before investing in them. Also watch my video on different type of REITs in Singapore so that you know how to diversify your REITs portfolio. Last, grab a few books from my Shop to improve your financial knowledge.

Remember, REITs that pay the highest dividend yield may not be the best REIT. Please do your due diligence and read up their financial reports before investing into them. Below are the best REITs in Singapore to buy in September 2025.

Far East Hospitality Trust (SGX:Q5T)
Market Capitalization: SGD 1.2B
Current Dividend Yield: 7.34%
Price to Equity: 33.203
Price to Book: 0.651
Net Asset Value (NAV): SGD 0.906
Closing Price (29-Aug-25): SGD 0.59

AIMS APAC (SGX:O5RU)
Market Capitalization: SGD 1.1B
Current Dividend Yield: 7.12%
Price to Equity: 33.575
Price to Book: 0.731
Net Asset Value (NAV): SGD 1.847
Closing Price (29-Aug-25): SGD 1.35

Frasers Logistics & Commercial Trust (SGX:BUOU)
Market Capitalization: SGD 3.4B
Current Dividend Yield: 6.95%
Price to Equity: 25.496
Price to Book: 0.84
Net Asset Value (NAV): SGD 1.083
Closing Price (29-Aug-25): SGD 0.91

CapitaLand Ascott Trust (SGX:HMN)
Market Capitalization: SGD 3.4B
Current Dividend Yield: 6.87%
Price to Equity: 15.048
Price to Book: 0.722
Net Asset Value (NAV): SGD 1.226
Closing Price (29-Aug-25): SGD 0.885

CapitaLand China Trust (SGX:AU8U)
Market Capitalization: SGD 1.3B
Current Dividend Yield: 6.84%
Price to Equity: 1,647.708
Price to Book: 0.681
Net Asset Value (NAV): SGD 1.101
Closing Price (29-Aug-25): SGD 0.75

Starhill Global Reit (SGX:P40U)
Market Capitalization: SGD 1.3B
Current Dividend Yield: 6.70%
Price to Equity: 11.504
Price to Book: 0.719
Net Asset Value (NAV): SGD 0.758
Closing Price (29-Aug-25): SGD 0.545

Mapletree Industrial Trust (SGX:ME8U)
Market Capitalization: SGD 5.8B
Current Dividend Yield: 6.51%
Price to Equity: 17.335
Price to Book: 1.149
Net Asset Value (NAV): SGD 1.793
Closing Price (29-Aug-25): SGD 2.06

Mapletree Logistics Trust (SGX:M44U)
Market Capitalization: SGD 6.2B
Current Dividend Yield: 6.39%
Price to Equity: 34.239
Price to Book: 0.886
Net Asset Value (NAV): SGD 1.377
Closing Price (29-Aug-25): SGD 1.22

Lendlease Reit (SGX:JYEU)
Market Capitalization: SGD 1.5B
Current Dividend Yield: 5.99%
Price to Equity: 28.009
Price to Book: 0.684
Net Asset Value (NAV): SGD 0.877
Closing Price (29-Aug-25): SGD 0.6

Mapletree Commercial Trust (SGX:N2IU)
Market Capitalization: SGD 7.2B
Current Dividend Yield: 5.75%
Price to Equity: 12.475
Price to Book: 0.771
Net Asset Value (NAV): SGD 1.789
Closing Price (29-Aug-25): SGD 1.38

Keppel Reit (SGX:K71U)
Market Capitalization: SGD 3.8B
Current Dividend Yield: 5.66%
Price to Equity: 23.98
Price to Book: 0.743
Net Asset Value (NAV): SGD 1.313
Closing Price (29-Aug-25): SGD 0.975

Ascendas REIT (SGX:A17U)
Market Capitalization: SGD 12.5B
Current Dividend Yield: 5.57%
Price to Equity: 17.794
Price to Book: 1.206
Net Asset Value (NAV): SGD 2.256
Closing Price (29-Aug-25): SGD 2.72

CapitaLand Integrated Commercial Trust (SGX:C38U)
Market Capitalization: SGD 17.3B
Current Dividend Yield: 5.45%
Price to Equity: 17.227
Price to Book: 1.072
Net Asset Value (NAV): SGD 2.128
Closing Price (29-Aug-25): SGD 2.28

Frasers Centrepoint Trust (SGX:J69U)
Market Capitalization: SGD 4.7B
Current Dividend Yield: 5.22%
Price to Equity: 20.41
Price to Book: 1.024
Net Asset Value (NAV): SGD 2.276
Closing Price (29-Aug-25): SGD 2.33

If the Fed indeed cut rates, are you looking forward to the SREITs rally? I am definitely looking forward to the rally.