Broker: OCBC Bank
Date of Report: 27 July 2026

Excerpt from OCBC Bank report.

Report Summary

This report focuses on Singapore stocks with high dividend yields and actionable recommendations. Stocks with forecast (F1) dividend yields above 6% are highlighted, offering immediate opportunities for income-focused investors. Below are the most actionable insights:

• Elite UK REIT (ELITE SP): Highest F1 dividend yield at 9.3%. Action: Buy. This REIT stands out for income investors seeking high yield.
• Sasseur Real Estate Investment Trust (SASSR SP): F1 dividend yield of 9.0%. Action: Buy. Attractive for those seeking stable, high income.
• Manulife US Real Estate Invest (MUST SP): Exceptionally high F1 dividend yield at 24.5%. Action: Hold/Buy. Note: High yield may indicate risk; check fundamentals.
• First REIT (FIRT SP): F1 dividend yield of 8.7%. Action: Buy. High yield with positive outlook.
• Keppel Infrastructure Trust (KIT SP): F1 dividend yield of 7.4%. Action: Buy. Consistent high dividend, stable exposure.
• Capitaland India Trust (CLINT SP): F1 dividend yield of 7.6%. Action: Buy. Good yield, positive sector outlook.
• IREIT Global (IREIT SP): F1 dividend yield of 7.7%. Action: Buy. Reliable for income portfolios.
• Stoneweg Europe Stapled Trust (SERT SP): F1 dividend yield of 8.6%. Action: Buy. Diversified exposure, high yield.
• Mapletree Industrial Trust (MINT SP): F1 dividend yield of 6.5%. Action: Buy. Popular among institutional investors for yield and stability.
• Mapletree Logistics Trust (MLT SP): F1 dividend yield of 6.1%. Action: Buy. Attractive logistics REIT.

Key Idea: The report identifies a group of REITs and property trusts with high forecast dividend yields and clear buy recommendations. Investors should focus on Elite UK REIT, Sasseur REIT, First REIT, Keppel Infrastructure Trust, Capitaland India Trust, and Mapletree Industrial Trust for high and stable income opportunities. Some trusts (e.g., Manulife US REIT) offer extremely high yields but may carry additional risk.

Actionable Calls: Most recommendations are Buy with clear yield targets. Investors seeking high yield and defensive income should focus on the above-mentioned stocks.