5 Reliable Singapore REITs Offering Dividend Yields of 5.1% or More

The Smart Investor09-04

[ Share Facebook Twitter LinkedIn Email WhatsApp REIT investors are looking for a healthy mix of stability and yield as they scour the landscape for dependable REITs. With interest rates...

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commercial and industrial REIT with a portfolio of 112 properties worth around S$6.8 billion.\nThese properties are spread out across Singapore, the Netherlands, Australia, the UK, and Germany.\nThe REIT reported a resilient set of earnings for the first half of fiscal 2024 (1H FY2024) ending 31 March 2024.\nRevenue edged up 3.9% year on year to S$216 million while net property income (NPI) inched up 1.8% year on year to S$158.7 million.\nDistribution per unit (DPU) slipped by just 1.1% year on year to S$0.0348.\nFLCT’s trailing 12-month DPU stood at S$0.07, giving its units a trailing distribution yield of 6.3%.\nThe REIT recently announced its third quarter of fiscal 2024 business update ending 30 June 2024.\nPortfolio occupancy improved to 95% from 94.3% in the previous quarter and the REIT logged a positive rental reversion of 25.1%.\nIt had a healthy aggregate leverage ratio of 33.2% and a significant debt headroom of S$793 million to reach a 40% gearing level.\nCapitaLand India Trust (SGX: CY6U)\nCapitaLand India Trust, or CLINT, is an Indian business trust with total assets of around S$3.2 billion.\nIts portfolio includes 10 IT business parks, a logistics park, three industrial facilities and four data centre developments.\nCLINT announced a strong set of earnings for the first half of 2024 (1H 2024).\nProperty income climbed 23% year on year to S$136.1 million while NPI rose 21% year on year to S$103.5 million.\nDPU improved by 8% year on year to S$0.0364.\nCLINT’s trailing 12-month DPU stood at S$0.0673, giving its units a trailing distribution yield of 5.9%.\nThe Indian REIT enjoyed a committed occupancy of 96% as of 30 June 2024 and secured S$960 million in sustainability-linked financing.\nCLINT also completed two acquisitions of properties back in March and July 2024 which have been leased to local and multinational companies.\nFrasers Centrepoint Trust (SGX: J69U)\nFrasers Centrepoint Trust, or FCT, is a retail REIT with a portfolio of nine suburban malls and one office building.\nIts assets under management (AUM) stood at S$7.1 billion as of 31 March 2024.\nFCT reported a resilient performance for 1H FY2024 with gross revenue declining by 7.2% year on year to S$172.2 million.\nNPI fell by 8.4% year on year to S$124.6 million because of lower contributions due to the divestment of Changi City Point in October 2023 and ongoing asset enhancement initiative (AEI) at Tampines 1 Mall.\n1H FY2024’s DPU slipped by 1.8% year on year to S$0.06022.\nFCT’s trailing 12-month DPU stood at S$0.12042, giving its units a trailing distribution yield of 5.1%.\nThe retail REIT’s recent 3Q FY2024 business update demonstrated its quality, with portfolio occupancy staying high at 99.7%.\nShopper traffic and tenant sales for the quarter also logged a 4.1% and 0.7% year-on-year increase, respectively.\nThe Tampines 1 AEI is on track for completion in September and the projected return on investment of more than 8% exceeds management’s target.\nMapletree Logistics Trust (SGX: M44U)\nMapletree Logistics Trust, or MLT, is a logistics REIT with a portfolio of 188 properties worth S$13.4 billion across eight countries.\nFor the first quarter of fiscal 2025 (1Q FY2025) ending 30 June 202, gross revenue dipped by 0.3% year on year to S$181.7 million.\nNPI slid by 0.9% year on year to S$156.7 million as weaker exchange rates took a toll on the REIT’s top line and NPI.\nDPU tumbled by 8.9% year on year to S$0.02068 because of higher finance costs.\nMLT’s trailing 12-month DPU came in at S$0.088, giving its units a trailing 12-month distribution yield of 6.5%.\nThe logistics REIT’s portfolio occupancy stayed healthy at 95.7% and it also registered a positive rental reversion of 2.6% for the quarter.\nMLT is working on two strategic AEIs in Singapore and Malaysia to increase the gross floor area of two properties so it can enjoy organic rental growth.\nMapletree Industrial Trust (SGX: ME8U)\nMapletree Industrial Trust, or MIT, is an industrial REIT with a portfolio of 83 properties in Singapore, 56 in the US, and one in Japan.\nAs of 30 June 2024, MIT’s assets under management stood at S$9 billion.\nFor 1Q FY2025, MIT saw gross revenue inch up 2.7% year on year to S$175.3 million.\nNPI increased by 1.3% year on year to S$132.5 million with DPU rising 1.2% year on year to S$0.0343.\nMIT’s trailing 12-month DPU came in at S$0.1347, giving the REIT a trailing 12-month distribution yield of 5.5%.\nThe REIT had just completed the phase three fit-out works for its new Japan data centre.\nIt also enjoyed a slight improvement in occupancy rate to 91.9%, up from 91.4% in the previous quarter.\nThe portfolio achieved a positive rental reversion of 9.2% for renewal leases, which attests to the strength of the demand for MIT’s properties.\nWant more dividends in 2024? Our latest FREE report spotlights five Singapore REITs with distribution yields of 5.5% or more, a rare find in today’s market. These are reliable, proven performers. Just one stock inside could boost your portfolio’s returns in the next few months. Download your report today and start reaping the benefits.\nFollow us on Facebook and Telegram for the latest investing news and analyses!\nDisclosure: Royston Yang owns shares of Frasers Logistics & Commercial Trust and Mapletree Industrial Trust.\n\n\n\nYahoo\n]","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2464321056"}