OCBC Investment Research
21 July 2025

Singapore Dividend Yield Powerhouses: Top Stocks and REITs Offering Over 6% in 2025

Singapore’s equity market continues to shine with its robust dividend opportunities. OCBC Investment Research’s latest report, dated 21 July 2025, offers a comprehensive guide to the leading Singapore-listed stocks and REITs delivering forward dividend yields greater than 6%. The analysis includes detailed breakdowns by yield, sector, and company, targeting both yield-hungry investors and those seeking resilient blue-chip exposure.

Why Focus on Dividend Yield?

Dividend yield measures the annual return investors receive from holding a stock, calculated by dividing annual dividends per share by the price per share. High-yield stocks are often favoured for their stable cash flows and defensive qualities, particularly in uncertain markets.

Singapore Stocks with Dividend Yields Above 6%: Full Ranking and Analysis

(Only the top 10 companies shown above; full details for all 28 companies are covered below in their respective sections.)

Highest Yielding Singapore Stocks and REITs: Detailed Breakdown

1. United Hampshire US REIT (UHU SP)

• Price: USD 0.465
• Market Cap: USD 275m
• P/E: 0.7x
• Beta: 0.7
• Dividend Yield: 8.7% (Historic) / 9.5% (F1)
• Strong yield leadership, with forward yield nearing 10%.
• 2 Buy recommendations.

2. Elite UK REIT (ELITE SP)

• Price: GBP 0.340
• Market Cap: USD 271m
• P/E: 0.7x
• Beta: 0.7
• Dividend Yield: 8.5% (Historic) / 9.0% (F1)
• 6 Buy recommendations.

3. Sasseur Real Estate Investment Trust (SASSR SP)

• Price: SGD 0.665
• Market Cap: USD 655m
• P/E: 0.8x
• Beta: 0.8
• Dividend Yield: 8.7% (Historic) / 9.0% (F1)
• Strong forward yield, 6 Buy recommendations.

4. First REIT (FIRT SP)

• Price: SGD 0.270
• Market Cap: USD 450m
• P/E: 0.6x
• Beta: 0.6
• Dividend Yield: 8.6% (Historic) / 8.7% (F1)
• 2 Buy recommendations.

5. Daiwa House Logistics Trust (DHLT SP)

• Price: SGD 0.565
• Market Cap: USD 310m
• P/E: 0.5x
• Beta: 0.5
• Dividend Yield: 8.2% (Historic) / 8.6% (F1)
• 1 Buy recommendation.

6. Stoneweg Europe Stapled Trust (SERT SP)

• Price: EUR 1.550
• Market Cap: USD 1,010m
• P/E: 0.6x
• Beta: 0.6
• Dividend Yield: 9.0% (Historic) / 8.5% (F1)
• 5 Buy recommendations.

7. ESR-REIT (EREIT SP)

• Price: SGD 2.500
• Market Cap: USD 1,555m
• P/E: 0.9x
• Beta: 0.9
• Dividend Yield: 7.9% (Historic) / 8.4% (F1)
• 4 Buy, 1 Hold recommendations.

8. Hutchison Port Holdings Trust (HPHT SP)

• Price: USD 0.184
• Market Cap: USD 1,612m
• P/E: 0.7x
• Beta: 0.7
• Dividend Yield: 10.0% (Historic) / 8.1% (F1)
• 1 Buy, 2 Hold recommendations.

9. Riverstone Holdings (RSTON SP)

• Price: SGD 0.700
• Market Cap: USD 813m
• P/E: 0.5x
• Beta: 0.5
• Dividend Yield: 5.2% (Historic) / 7.2% (F1)
• 2 Buy recommendations.

10. Starhill Global REIT (SGREIT SP)

• Price: SGD 0.525
• Market Cap: USD 948m
• P/E: 0.7x
• Beta: 0.7
• Dividend Yield: 6.8% (Historic) / 7.2% (F1)
• 3 Buy, 1 Sell recommendations.

Singapore REITs: The Yield Leaders

Singapore’s REIT sector is a major yield engine. The following REITs stand out for their forward yields, portfolio strength, and analyst support.

• United Hampshire US REIT (UHU SP): Forward yield leads at 9.5%.
• Elite UK REIT (ELITE SP): 9.0% forward yield, strong international diversification.
• Sasseur REIT (SASSR SP): 9.0% forward yield, specialist in China outlet malls.
• First REIT (FIRT SP): 8.7% forward yield, healthcare sector exposure.
• Daiwa House Logistics Trust (DHLT SP): 8.6% forward yield, logistics focus.
• Stoneweg Europe Stapled Trust (SERT SP): 8.5% forward yield, European real estate.
• ESR-REIT (EREIT SP): 8.4% forward yield, diversified industrial assets in Singapore.
• Starhill Global REIT (SGREIT SP): 7.2% forward yield, retail and office assets.

Singapore STI Constituents: Top Dividend Players

Among the STI (Straits Times Index) blue chips, several names combine stability and above-average dividend yields:

• Frasers Logistics & Commercial Trust (FLT SP): 7.0% yield, industrial and commercial mix.
• Mapletree Industrial Trust (MINT SP): 6.7% yield, industrial and data centre assets.
• DBS Group Holdings (DBS SP): 6.4% yield, the banking sector’s yield champion.
• Mapletree Pan Asia Commercial Trust (MPACT SP): 6.3% yield, diversified pan-Asian portfolio.
• Mapletree Logistics Trust (MLT SP): 6.3% yield, logistics-driven growth.
• United Overseas Bank (UOB SP): 5.9% forward yield, strong banking franchise.
• Venture Corp (VMS SP): 5.9% forward yield, technology manufacturing.
• OCBC (OCBC SP): 5.6% forward yield, another leading bank.
• Frasers Centrepoint Trust (FCT SP): 5.5% yield, retail-focused REIT.
• Genting Singapore (GENS SP): 5.5% yield, integrated resort operator.
• Wilmar International (WIL SP): 5.5% yield, agri-business leader.

Additional Key Observations and Minor Points

• Dividend yields quoted are based on Bloomberg consensus forecasts for the next 1-2 years.
• Beta values indicate that most high-yield candidates are less volatile than the market (beta below 1.0), enhancing defensive attributes.
• Market capitalisation varies widely, from sub-USD 300m for niche REITs up to USD 105bn for DBS Group Holdings.
• Some REITs (e.g., Sabana Shari’ah, Manulife US REIT) are currently not issuing dividends or have very low yields, reflecting sector risks and restructuring.
• Price-to-Book (P/Bk) ratios for REITs mostly range from 0.5x to 1.2x, with higher multiples for established names like Parkway Life REIT (1.67x).
• Analyst recommendations are generally favourable for the top-yielding stocks, signalling continued institutional support.

Understanding the Key Financial Terms

• Dividend Yield: Annual dividend per share divided by share price, expressed as a percentage.
• Equity Beta: Measure of stock’s volatility relative to the market; beta >1 means more volatile, <1 less volatile.
• Market Capitalisation: Total value of a company’s shares outstanding, indicating company size.
• Price/Earnings Ratio (P/E): Current share price divided by earnings per share, used for valuation comparisons.
• Forecast P/E: Based on Bloomberg consensus forecast of EPS.

Conclusion: Singapore’s Dividend Landscape in 2025

Singapore’s equity and REIT markets continue to offer premium dividend yields, outpacing many regional and global peers. Whether your focus is on defensive cash flows, blue-chip resilience, or sector-specific growth, the diverse array of high-yielding stocks and REITs provides compelling options for income-focused portfolios. With sectoral diversity, analyst support, and attractive valuations, these yield leaders are well-positioned to anchor investment strategies in 2025 and beyond.

Disclaimer: This analysis is for information purposes only and does not constitute investment advice. Please consult a licensed financial adviser before making any investment decisions.