OCBC Investment Research
23 June 2025

Top Singapore Dividend Stocks & REITs in 2025: High Yields, Market Analysis, and Investment Insights

Discover Singapore’s best high-yield dividend stocks and REITs, backed by comprehensive research from OCBC Investment Research. Analyze detailed dividend yields, key financial ratios, and recommendations for major listed companies and REITs as of June 2025.

Singapore Stocks: Dividend Yield Overview

Singapore’s equities market continues to attract yield-seeking investors, with a robust lineup of stocks and REITs offering attractive dividend yields above 6%. This article provides an in-depth look at stocks, REITs, and STI constituents, ranked by both company name and dividend yield, along with key financial metrics such as market capitalization, P/E ratios, and analyst recommendations.

Singapore Stocks with Dividend Yield Greater Than 6%

The following table showcases Singapore-listed companies with forecast (F1) dividend yields exceeding 6%, their market capitalization, P/E ratios, and analyst recommendations as at 20 June 2025:

Note: F1 = 1st Year Bloomberg consensus forecast; F2 = 2nd Year Bloomberg consensus forecast.

Singapore’s Top Yielding Dividend Stocks (Ranked by Yield)

For investors seeking the highest cash returns, the following companies stand out with the top forecast dividend yields:

• United Hampshire US REIT (UHU SP): 10.1% F1 dividend yield, \$257m market cap, P/E 9.3x
• Elite UK REIT (ELITE SP): 9.8% F1 dividend yield, \$247m market cap, P/E 10.1x
• Sasseur Real Estate Investment (SASSR SP): 9.5% F1 dividend yield, \$613m market cap, P/E 9.4x
• First REIT (FIRT SP): 9.2% F1 dividend yield, \$424m market cap, P/E 9.0x
• Hutchison Port Holdings Trust (HPHT SP): 9.2% F1 dividend yield, \$1,411m market cap, P/E 11.4x
• ESR-REIT (EREIT SP): 8.8% F1 dividend yield, \$1,480m market cap, P/E 8.3x
• Daiwa House Logistics Trust (DHLT SP): 8.7% F1 dividend yield, \$306m market cap, P/E 8.3x
• CapitaLand China Trust (CLCT SP): 7.8% F1 dividend yield, \$904m market cap, P/E 7.9x
• Riverstone Holdings (RSTON SP): 7.7% F1 dividend yield, \$747m market cap, P/E 5.6x
• Bumitama Agri Ltd (BAL SP): 7.7% F1 dividend yield, \$1,001m market cap, P/E 8.9x

Detailed Company Analysis

AIMS AMP Capital Industrial REIT (AAREIT SP)

• Price: SGD 1.290
• Market Cap: US\$823m
• P/E: 7.9x (F1)
• Dividend Yield: 7.4% (F1), 7.4% (F2)
• Recommendation: 2 Buy, 1 Hold

This industrial REIT remains a favorite among yield-focused investors, with a robust yield and stable earnings outlook.

APAC Realty Ltd (APAC SP)

• Price: SGD 0.470
• Market Cap: US\$130m
• P/E: 4.5x (F1)
• Dividend Yield: 6.4% (F1), 6.4% (F2)
• Recommendation: 3 Buy

APAC Realty, a key player in property brokerage, offers a compelling valuation with a strong yield and attractive P/E multiple.

BRC Asia (BRC SP)

• Price: SGD 3.120
• Market Cap: US\$655m
• P/E: 4.5x (F1)
• Dividend Yield: 6.3% (F1), 6.3% (F2)
• Recommendation: 2 Buy, 1 Hold

BRC Asia is noted for its consistent dividend payouts and resilient earnings profile.

Bumitama Agri Ltd (BAL SP)

• Price: SGD 0.755
• Market Cap: US\$1,001m
• P/E: 8.9x (F1)
• Dividend Yield: 7.7% (F1), 7.7% (F2)
• Recommendation: 3 Buy, 1 Hold

Strong cash flows from palm oil operations support high dividend distributions.

CapitaLand Ascott Trust (CLAS SP)

• Price: SGD 0.855
• Market Cap: US\$2,546m
• P/E: 4.0x (F1)
• Dividend Yield: 7.0% (F1), 7.0% (F2)
• Recommendation: 8 Buy, 2 Hold, 1 Sell

CLAS is a leading hospitality REIT, favored for its stable global portfolio and attractive payout ratio.

CapitaLand China Trust (CLCT SP)

• Price: SGD 0.670
• Market Cap: US\$904m
• P/E: 7.9x (F1)
• Dividend Yield: 7.8% (F1), 7.8% (F2)
• Recommendation: 2 Buy, 1 Hold

Focuses on retail and commercial assets in China, with strong rental income visibility.

Capitaland India Trust (CLINT SP)

• Price: SGD 1.010
• Market Cap: US\$1,058m
• P/E: 6.3x (F1)
• Dividend Yield: 7.1% (F1), 7.1% (F2)
• Recommendation: 4 Buy

Offers a unique play on India’s commercial real estate sector, with strong growth prospects and steady payouts.

Singapore REITs: High-Yield Leaders and Market Trends

Singapore’s REIT sector is a global favorite for income investors. The following table presents key REITs ranked by F1 dividend yield, including their market caps, P/E ratios, and analyst calls:

Highlights from the REITs Universe

• United Hampshire US REIT (UHU SP): Delivers the market’s highest yield at 10.1% (F1), focusing on US grocery-anchored and necessity-based retail properties.
• Elite UK REIT (ELITE SP): Offers a 9.8% yield, with a portfolio of UK commercial real estate assets.
• Sasseur REIT (SASSR SP): A China outlet mall specialist, yielding 9.6% (F1).
• First REIT (FIRT SP): Focused on healthcare assets in Indonesia and Singapore, yielding 9.2%.
• ESR-REIT (EREIT SP): A major industrial REIT offering an 8.8% yield.

STI Component Stocks: Dividend Yield and Financial Overview

The Straits Times Index (STI) features many blue-chip stocks with robust yields. The following are the key dividend performers in the STI, combining yield and financial stability:

• Frasers Logistics & Commercial (FLT SP): 7.4% F1 yield
• DBS Group Holdings (DBS SP): 7.0% F1 yield
• Mapletree Industrial Trust (MINT SP): 6.8% F1 yield
• Mapletree Pan Asia Commercial (MPACT SP): 6.6% F1 yield
• Mapletree Logistics Trust (MLT SP): 6.6% F1 yield
• Venture Corp (VMS SP): 6.5% F1 yield
• United Overseas Bank (UOB SP): 6.3% F1 yield
• OCBC (OCBC SP): 6.1% F1 yield

Additional STI High-Yielders

• Wilmar International (WIL SP): 5.8% F1 yield
• CapitaLand Ascendas REIT (CLAR SP): 5.8% F1 yield
• Genting Singapore (GENS SP): 5.8% F1 yield
• Thai Beverage (THBEV SP): 5.7% F1 yield
• Frasers Centrepoint Trust (FCT SP): 5.5% F1 yield
• Jardine Matheson Holdings (JM SP): 5.1% F1 yield
• CapitaLand Integrated Commercial Trust (CICT SP): 5.1% F1 yield

Key Financial Definitions

• Dividend Yield: Annual dividends per share divided by share price, expressed as a percentage.
• Equity Beta: Measures a stock’s risk relative to the market (STI = 1.0).
• Market Capitalisation: Number of shares outstanding multiplied by current share price.
• P/E Ratio: Share price divided by earnings per share.

Conclusion: Singapore Remains a Hotspot for Dividend Investors

Singapore’s equity and REIT markets continue to present compelling opportunities for both income and total return investors. With a wide array of stocks and REITs offering yields well above 6%, investors can find ample opportunities to balance risk and reward. Careful attention to P/E ratios, market capitalisation, and underlying sector trends remains critical. This comprehensive dividend yield monitor provides a valuable roadmap for navigating Singapore’s vibrant yield landscape in 2025.

This article is based on research and data as of 23 June 2025 from OCBC Investment Research.