Broker: OCBC Investment Research
Date of Report: 25 August 2025
Singapore Dividend Stocks and REITs 2025: High-Yield Opportunities and Market Leaders for Investors
Singapore’s equity market continues to offer compelling dividend opportunities for investors seeking yield in a volatile global landscape. With dividend yields above 6% across numerous companies and REITs, income-focused investors are looking closely at the latest research from OCBC Investment Research to identify which stocks stand out both in absolute yield and market resilience.
Overview: High-Yield Dividend Stocks and REITs in Singapore
The current climate in Singapore equities is characterized by an abundance of high-yield options, especially among REITs and infrastructure trusts. This comprehensive analysis ranks the top dividend stocks and REITs by both company name and forecast dividend yield, providing a detailed landscape for investors seeking stable, recurring income.
Top Singapore Stocks with Dividend Yields Greater Than 6%
Below is a detailed table of Singapore-listed companies (including REITs, business trusts, and other high-yield stocks) with forecast dividend yields exceeding 6%. The table covers company codes, names, market capitalisation, share prices, P/E ratios, betas, historical and forecast dividend yields, and analyst recommendations.
| Code |
Company |
Price (22 Aug 2025) |
Mkt Cap (US\$m) |
P/E Ratio (Hist/F1) |
Beta |
Dividend Yield (Hist/F1/F2) |
Buy |
Hold |
Sell |
| BAL SP |
Bumitama Agri Ltd |
SGD 1.060 |
1,447 |
0.6/8.5 |
0.6 |
8.5% / 6.3% / 9.0% |
2 |
2 |
0 |
| CLAS SP |
CapitaLand Ascott Trust |
SGD 0.865 |
2,594 |
0.7/5.8 |
0.7 |
5.8% / 7.0% / – |
7 |
2 |
1 |
| CLCT SP |
CapitaLand China Trust |
SGD 0.730 |
997 |
1.0/6.8 |
1.0 |
6.8% / 6.9% / – |
1 |
2 |
0 |
| CLINT SP |
CapitaLand India Trust |
SGD 1.170 |
1,235 |
0.8/6.8 |
0.8 |
6.8% / 6.4% / – |
4 |
0 |
0 |
| KIT SP |
Keppel Infrastructure Trust |
SGD 0.435 |
2,087 |
0.7/9.0 |
0.7 |
9.0% / 9.1% / – |
2 |
1 |
0 |
The above table shows a rich universe of high-yield stocks, including agriculture (Bumitama Agri), logistics (Daiwa House, Frasers Logistics), hospitality (Far East Hospitality Trust, CapitaLand Ascott Trust), and more. Keppel Infrastructure Trust, Sasseur Real Estate Investment Trust, Elite UK REIT, and Stoneweg Europe Stapled Trust stand out for their superior forecast yields above 8%.
Ranking by Forecast Dividend Yield: The Leaders
For investors prioritizing absolute income, here are the companies sorted by their first-year (F1) forecast dividend yield:
| Rank |
Company |
Code |
F1 Dividend Yield (%) |
Market Cap (US\$m) |
P/E Ratio (Hist/F1) |
| 1 |
Elite UK REIT |
ELITE SP |
8.7 |
281 |
0.6/9.7 |
| 2 |
Keppel Infrastructure Trust |
KIT SP |
9.1 |
2,087 |
0.7/9.0 |
| 3 |
Sasseur Real Estate Investment Trust |
SASSR SP |
8.8 |
680 |
0.8/8.8 |
| 4 |
Stoneweg Europe Stapled Trust |
SERT SP |
8.4 |
1,017 |
0.6/8.5 |
| 5 |
First REIT |
FIRT SP |
8.4 |
452 |
0.6/8.0 |
Elite UK REIT and Keppel Infrastructure Trust lead the pack in yield, supported by strong sectoral tailwinds and resilient cash flows. Sasseur REIT and Stoneweg Europe Trust follow closely, solidifying the dominance of real assets and infrastructure in delivering attractive income.
Singapore REITs: Comprehensive Dividend Analysis
Singapore REITs remain a cornerstone for yield investors. The following table captures all key REITs, their price, market cap, P/E and P/B ratios, beta, and historical and forecast dividend yields.
| Code |
Company |
Price |
Mkt Cap (US\$m) |
P/E Ratio (Hist/F1) |
P/Bk Ratio (Hist/F1) |
Beta |
Dividend Yield (Hist/F1/F2) |
| ELITE SP |
Elite UK REIT |
GBP 0.345 |
281 |
0.6/9.7 |
0.90/0.83 |
0.6 |
9.7% / 8.7% / – |
| SASSR SP |
Sasseur Real Estate Investment Trust |
SGD 0.690 |
680 |
0.8/8.8 |
0.89/0.84 |
0.8 |
8.8% / 8.8% / – |
| UHU SP |
United Hampshire US REIT |
USD 0.480 |
286 |
0.7/8.6 |
0.65/- |
0.7 |
8.6% / 9.3% / – |
| SERT SP |
Stoneweg Europe Stapled Trust |
EUR 1.540 |
1,017 |
0.6/8.5 |
0.78/0.76 |
0.6 |
8.5% / 8.4% / – |
The REIT sector continues to deliver, with logistics, commercial, and hospitality REITs offering the most attractive yields. Notably, United Hampshire US REIT, Sasseur REIT, and Elite UK REIT are at the forefront, with yields in the 8-9% range, reflecting strong underlying rental income and portfolio performance.
Singapore STI Component Stocks: Dividend Performance and Rankings
Singapore’s Straits Times Index (STI) constituents also provide robust dividend yields, contributing to the index’s appeal for income investors. Below is a curated table of STI stocks, including price, market cap, dividend yields, and key financial metrics.
| Code |
Company |
Price (SGD) |
Mkt Cap (US\$m) |
Div Yield (Hist/F1/F2) |
P/E Ratio |
Buy/Hold/Sell |
| DBS SP |
DBS Group Hldgs |
50.810 |
112,809 |
5.9% / 5.9% / – |
13 |
10/9/0 |
| UOB SP |
United Overseas Bank |
35.400 |
46,062 |
5.0% / 5.9% / – |
10 |
6/11/1 |
| OCBC SP |
OCBC |
16.910 |
59,472 |
4.8% / 5.7% / – |
10 |
4/14/1 |
| FLT SP |
Frasers Logistics & Commercial |
0.890 |
2,651 |
6.7% / 6.7% / – |
25 |
8/4/0 |
STI stalwarts such as DBS, UOB, and OCBC continue to deliver yields close to or above 5%. Additionally, Frasers Logistics & Commercial, Mapletree Industrial Trust, and Mapletree Logistics Trust are among the top yielders in the index, reinforcing the attractiveness of Singapore’s blue-chip segment for dividend-oriented portfolios.
Key Observations and Sector Highlights
- Yield Leadership: REITs and infrastructure trusts dominate the high-yield segment, with several names surpassing 8% forecast yields.
- Financials: Major banks such as DBS and UOB continue to anchor the market with robust dividends, benefiting from strong earnings and capital positions.
- Commercial Real Estate: CapitaLand family REITs (e.g., Ascott, China Trust, India Trust, Integrated Commercial) offer a blend of stability and yield, attracting both institutional and retail investors.
- Diversification: High-yield opportunities are present across sectors including logistics, hospitality, agriculture, and shipping, providing multiple avenues for risk-adjusted returns.
- Market Capitalisation: Both large-cap and mid-cap stocks feature in the high-yield list, giving investors flexibility when constructing income portfolios.
Financial Terms Explained
For the benefit of all investors, the following financial metrics are fundamental:
- Dividend Yield: Annual dividends per share divided by the share price, expressed as a percentage. Indicates the income return from holding a stock.
- Equity Beta: Measures stock volatility versus the overall market. Beta >1 means higher volatility, Beta <1 means lower volatility.
- Market Capitalisation: Total market value of a company’s outstanding shares, reflecting its size and weight in indexes.
- Price/Earnings (P/E) Ratio: Share price divided by earnings per share. Used for valuation comparisons.
- Forecast P/E: Based on consensus estimates for future earnings.
Disclaimer
This article is for information purposes and general circulation. It is not to be construed as an offer or solicitation for the purchase or sale of any securities or investments. Please consult a qualified financial adviser for personalized advice.
Conclusion: Navigating Singapore’s High-Yield Landscape in 2025
Singapore’s stock market continues to shine as a destination for yield-seeking investors, with REITs, infrastructure trusts, and blue-chip banks delivering attractive and sustainable dividends. With forecast yields frequently exceeding 6% and several names surpassing 8-9%, there are ample choices for both conservative and growth-oriented portfolios. As always, investors should consider their risk tolerance and conduct due diligence, using the data and insights above to guide their decisions in the evolving 2025 market environment.
