OCBC Investment Research
9 June 2025
Top Singapore Dividend Stocks and REITs 2025: The Ultimate Guide for Yield Investors
Singapore’s stock market continues to present attractive opportunities for income-focused investors, with numerous companies and REITs offering dividend yields above 6%. In this comprehensive 2025 guide, we delve into the highest-yielding stocks and REITs, analyze key financial metrics, and provide a detailed overview of the market to help investors make informed decisions.
Why Dividend Yield Matters for Singapore Investors
Dividend yield indicates the annual return investors receive from holding a stock, calculated as the annual dividends per share divided by the share price. With the Straits Times Index as a benchmark, Singapore’s market offers a multitude of stocks and REITs with yields that can significantly outperform traditional fixed-income instruments.
Singapore Stocks with Dividend Yields Above 6%
Below is a full list of Singapore-listed companies and trusts with forecasted dividend yields greater than 6%, based on Bloomberg consensus for the next financial year. The companies are analyzed both alphabetically and by yield, offering investors a granular view of their options.
| Code |
Company |
Price (6 Jun 25) |
Market Cap (US\$m) |
P/E Ratio (F1) |
Dividend Yield (Hist) |
Dividend Yield (F1) |
Dividend Yield (F2) |
Eqy Beta |
| AAREIT SP |
AIMS AMP Capital Indus REIT |
SGD 1.310 |
831 |
7.7 |
0.7% |
7.7% |
7.3% |
0.7 |
| APAC SP |
APAC Realty Ltd |
SGD 0.460 |
127 |
6.5 |
0.7% |
4.6% |
6.5% |
0.7 |
| BRC SP |
BRC Asia |
SGD 3.130 |
663 |
6.2 |
0.7% |
4.5% |
6.2% |
0.7 |
| BAL SP |
Bumitama Agri Ltd |
SGD 0.750 |
1,038 |
7.5 |
0.5% |
8.6% |
7.5% |
0.5 |
| CLAS SP |
CapitaLand Ascott Trust |
SGD 0.870 |
2,582 |
6.9 |
0.7% |
4.0% |
6.9% |
0.7 |
| CLCT SP |
CapitaLand China Trust |
SGD 0.685 |
919 |
7.8 |
1.0% |
7.8% |
7.8% |
1.0 |
| CLINT SP |
CapitaLand India Trust |
SGD 1.010 |
1,071 |
7.1 |
0.7% |
6.3% |
7.1% |
0.7 |
| CDREIT SP |
CDL Hospitality Trusts |
SGD 0.780 |
767 |
6.8 |
1.0% |
7.2% |
6.8% |
1.0 |
| DBS SP |
DBS Group Holdings |
SGD 45.120 |
100,279 |
6.7 |
1.2% |
6.6% |
6.7% |
1.2 |
| DHLT SP |
Daiwa House Logistics Trust |
SGD 0.565 |
307 |
8.7 |
0.5% |
8.3% |
8.7% |
0.5 |
| ELITE SP |
Elite UK REIT |
GBP 0.340 |
272 |
8.8 |
0.6% |
8.6% |
8.8% |
0.6 |
| EREIT SP |
ESR-REIT |
SGD 2.250 |
1,409 |
9.3 |
0.9% |
8.7% |
9.3% |
0.9 |
| FEHT SP |
Far East Hospitality Trust |
SGD 0.570 |
888 |
6.7 |
0.7% |
7.4% |
6.7% |
0.7 |
| FIRT SP |
First REIT |
SGD 0.265 |
441 |
8.9 |
0.6% |
8.6% |
8.9% |
0.6 |
| FR SP |
First Resources |
SGD 1.420 |
1,710 |
7.3 |
0.7% |
6.9% |
7.3% |
0.7 |
| FLT SP |
Frasers Logistics & Commercial |
SGD 0.810 |
2,388 |
7.4 |
1.0% |
7.4% |
7.4% |
1.0 |
| HRNET SP |
HRnetgroup Ltd |
SGD 0.680 |
517 |
6.0 |
0.5% |
5.9% |
6.0% |
0.5 |
| HPHT SP |
Hutchison Port Holdings Trust |
USD 0.155 |
1,368 |
9.5 |
0.7% |
11.8% |
9.5% |
0.7 |
| KREIT SP |
K-REIT Asia |
SGD 0.865 |
2,623 |
6.3 |
0.7% |
6.4% |
6.3% |
0.7 |
| LREIT SP |
Lendlease Global Commercial REIT |
SGD 0.485 |
922 |
7.4 |
0.8% |
7.4% |
7.4% |
0.8 |
| MINT SP |
Mapletree Industrial Trust |
SGD 1.930 |
4,299 |
6.8 |
0.7% |
6.9% |
6.8% |
0.7 |
| MLT SP |
Mapletree Logistics Trust |
SGD 1.110 |
4,417 |
6.7 |
1.1% |
7.0% |
6.7% |
1.1 |
| MPACT SP |
Mapletree Pan Asia Commercial |
SGD 1.190 |
4,915 |
6.7 |
1.0% |
6.5% |
6.7% |
1.0 |
| NETLINK SP |
NETLINK NBN TRUST |
SGD 0.870 |
2,619 |
6.2 |
0.4% |
6.2% |
6.2% |
0.4 |
| OUEREIT SP |
OUE Real Estate Investment Trust |
SGD 0.280 |
1,177 |
7.3 |
0.8% |
8.2% |
7.3% |
0.8 |
| PROP SP |
Propnex Ltd |
SGD 1.040 |
598 |
6.4 |
0.7% |
5.0% |
6.4% |
0.7 |
| RSTON SP |
Riverstone Holdings |
SGD 0.680 |
783 |
7.5 |
0.5% |
5.4% |
7.5% |
0.5 |
| SASSR SP |
Sasseur Real Estate Investment Trust |
SGD 0.625 |
615 |
9.5 |
0.8% |
9.3% |
9.5% |
0.8 |
| SGREIT SP |
Starhill Global REIT |
SGD 0.505 |
910 |
7.5 |
0.7% |
7.1% |
7.5% |
0.7 |
| STH SP |
StarHub |
SGD 1.130 |
1,525 |
6.1 |
0.5% |
5.4% |
6.1% |
0.5 |
| SERT SP |
Stoneweg European Real Estate |
EUR 1.610 |
1,044 |
8.1 |
0.6% |
8.7% |
8.1% |
0.6 |
| UHU SP |
United Hampshire US REIT |
USD 0.440 |
260 |
10.0 |
0.7% |
5.9% |
10.0% |
0.7 |
| UOB SP |
United Overseas Bank |
SGD 35.250 |
45,811 |
6.2 |
1.1% |
5.1% |
6.2% |
1.1 |
| VMS SP |
Venture Corp |
SGD 11.170 |
2,481 |
6.6 |
1.0% |
6.8% |
6.6% |
1.0 |
Singapore REITs: The Powerhouses of Dividend Yield
Singapore’s REIT sector remains a magnet for yield-seeking investors, with several trusts offering yields above 7% and some exceeding 9%. Here’s a closer look at the top REIT performers, their yields, and additional key metrics.
| Code |
Company |
Price (6 Jun 25) |
Dividend Yield (F1) |
P/Bk Ratio |
| MUST SP |
Manulife US Real Estate Invest |
USD 0.064 |
36.5% |
0.27 |
| UHU SP |
United Hampshire US REIT |
USD 0.440 |
10.0% |
0.59 |
| SASSR SP |
Sasseur Real Estate Investment Trust |
SGD 0.625 |
9.5% |
0.76 |
| EREIT SP |
ESR-REIT |
SGD 2.250 |
9.3% |
0.83 |
| FIRT SP |
First REIT |
SGD 0.265 |
8.9% |
– |
| ELITE SP |
Elite UK REIT |
GBP 0.340 |
8.8% |
0.83 |
| DHLT SP |
Daiwa House Logistics Trust |
SGD 0.565 |
8.7% |
0.83 |
| SERT SP |
Stoneweg European Real Estate |
EUR 1.610 |
8.1% |
0.78 |
| CLCT SP |
CapitaLand China Trust |
SGD 0.685 |
7.8% |
0.63 |
| SGREIT SP |
Starhill Global REIT |
SGD 0.505 |
7.5% |
0.70 |
Spotlight on STI Component Stocks with Strong Dividend Yield
The Straits Times Index (STI) includes several blue-chip stocks that offer robust dividend yields, making them attractive for both local and global investors. Notable names and their forecasted yields include:
- Frasers Logistics & Commercial Trust (FLT SP): 7.4%
- Mapletree Industrial Trust (MINT SP): 6.7%
- DBS Group Holdings (DBS SP): 6.7%
- Mapletree Logistics Trust (MLT SP): 6.7%
- Mapletree Pan Asia Commercial Trust (MPACT SP): 6.7%
- Venture Corporation (VMS SP): 6.6%
- United Overseas Bank (UOB SP): 6.2%
- OCBC (OCBC SP): 5.9%
- CapitaLand Ascendas REIT (CLAR SP): 5.8%
- Jardine Cycle & Carriage (JCNC SP): 5.7%
- Genting Singapore (GENS SP): 5.7%
- Frasers Centrepoint Trust (FCT SP): 5.6%
- Wilmar International (WIL SP): 5.6%
Detailed Analysis: Major Dividend Stocks and REITs
AIMS AMP Capital Industrial REIT (AAREIT SP)
- Share Price: SGD 1.310
- Market Cap: US\$831 million
- P/E Ratio (F1): 7.7x
- Dividend Yield (F1): 7.7%
- A mid-cap REIT with a strong industrial property base, offering stability and attractive yield for income-focused portfolios.
APAC Realty Ltd (APAC SP)
- Share Price: SGD 0.460
- Market Cap: US\$127 million
- P/E Ratio (F1): 6.5x
- Dividend Yield (F1): 6.5%
- Focused on real estate brokerage and services, offering a solid yield despite its smaller market capitalization.
BRC Asia (BRC SP)
- Share Price: SGD 3.130
- Market Cap: US\$663 million
- P/E Ratio (F1): 6.2x
- Dividend Yield (F1): 6.2%
- Steel and construction solutions provider with a reliable dividend record.
Bumitama Agri Ltd (BAL SP)
- Share Price: SGD 0.750
- Market Cap: US\$1,038 million
- P/E Ratio (F1): 7.5x
- Dividend Yield (F1): 7.5%
- Agricultural producer with a notable yield and strong sector fundamentals.
CapitaLand Ascott Trust (CLAS SP)
- Share Price: SGD 0.870
- Market Cap: US\$2,582 million
- P/E Ratio (F1): 6.9x
- Dividend Yield (F1): 6.9%
- Specialized in serviced residences and hotels, CLAS benefits from a strong hospitality recovery trend.
CapitaLand China Trust (CLCT SP)
- Share Price: SGD 0.685
- Market Cap: US\$919 million
- P/E Ratio (F1): 7.8x
- Dividend Yield (F1): 7.8%
CapitaLand India Trust (CLINT SP)
- Share Price: SGD 1.010
- Market Cap: US\$1,071 million
- P/E Ratio (F1): 7.1x
- Dividend Yield (F1): 7.1%
CDL Hospitality Trusts (CDREIT SP)
- Share Price: SGD 0.780
- Market Cap: US\$767 million
- P/E Ratio (F1): 6.8x
- Dividend Yield (F1): 6.8%
DBS Group Holdings (DBS SP)
- Share Price: SGD 45.120
- Market Cap: US\$100,279 million
- P/E Ratio (F1): 6.7x
- Dividend Yield (F1): 6.7%
- Singapore’s largest bank continues to deliver industry-leading yield and strong capital ratios.
Key Observations and Minor Points
- Hutchison Port Holdings Trust (HPHT SP) offers a standout historical yield of 11.8%, though its forward yield moderates to 9.5%.
- United Hampshire US REIT (UHU SP) and Sasseur REIT (SASSR SP) are among the highest yielders in the REIT space, at 10.0% and 9.5% respectively.
- Manulife US REIT (MUST SP) shows an anomalously high forecasted yield (36.5%), indicating likely special factors or distressed pricing.
- Beta values across these stocks indicate that most high-yield names are at or below the market beta of 1.0, suggesting lower volatility relative to the general market.
- The property and logistics REIT sector is particularly prominent among top yielders, followed by banks and select industrials.
Definitions of Key Financial Terms
- Dividend Yield: Annual dividends per share divided by price per share, shown as a percentage.
- Equity Beta: A measure of volatility relative to the Straits Times Index; above 1.0 means higher volatility, below 1.0 means lower volatility.
- Market Capitalisation: The total market value of all outstanding shares.
- P/E Ratio: Price/Earnings ratio, or share price divided by earnings per share.
Conclusion: Maximizing Yield in Singapore’s 2025 Market
Singapore’s equity and REIT markets remain a reliable avenue for dividend investors, with a wide spectrum of choices spanning blue-chip banks, real estate, logistics, and industrials. With yields often surpassing 7%, and in some cases approaching double digits, the current landscape offers compelling options for conservative and growth-focused income portfolios alike. Investors are, however, advised to consider not just yield, but also company fundamentals, risk (beta), and sector trends when making allocation decisions.
OCBC Investment Research, 9 June 2025
