OCBC Investment Research
Date of Report: 01 September 2025
Top Singapore Dividend Stocks and REITs for 2025: High-Yield Opportunities and In-Depth Analysis
Singapore’s stock market stands out for its consistent dividend payers and robust REIT sector, offering attractive yields for income-focused investors. This comprehensive report, brought by OCBC Investment Research, provides an in-depth overview of Singapore-listed stocks and REITs with forecasted dividend yields above 6%, alongside detailed ranking tables and key financial metrics for each sector and company.
Table of Contents
Singapore Dividend Stocks Overview
Singapore continues to be a haven for dividend investors, with a strong presence of Real Estate Investment Trusts (REITs), infrastructure trusts, and blue-chip companies offering yields that outpace many global markets. This report highlights companies forecasted to deliver dividend yields greater than 6% in the upcoming year, based on the latest Bloomberg consensus forecasts as of August 29, 2025.
Detailed Analysis of Singapore Stocks with Over 6% Dividend Yield
Below is a comprehensive table showcasing Singapore-listed companies (including REITs and non-REITs) with forecasted dividend yields above 6%, sorted by company name. Key financial metrics such as market cap, price, historical and forward dividend yield, P/E ratios, equity beta, and broker recommendations are included.
| Company (Code) |
Price (SGD/USD/GBP/EUR) |
Market Cap (US\$m) |
Hist Div Yield (%) |
F1 Div Yield (%) |
F2 Div Yield (%) |
P/E (Hist) |
P/E (F1) |
Beta |
Buy |
Hold |
Sell |
| CapitaLand Ascott Trust (CLAS SP) |
0.885 SGD |
2,650 |
5.7 |
6.9 |
7.0 |
15 |
– |
0.7 |
7 |
2 |
1 |
| CapitaLand China Trust (CLCT SP) |
0.750 SGD |
1,030 |
6.6 |
6.7 |
6.7 |
25 |
33 |
1.0 |
1 |
2 |
0 |
| Capitaland India Trust (CLINT SP) |
1.180 SGD |
1,244 |
6.7 |
6.4 |
6.4 |
4 |
17 |
0.8 |
4 |
0 |
0 |
| Dairy Farm Int’l Hldgs (DFI SP) |
3.180 USD |
4,264 |
3.3 |
17.7 |
– |
16 |
7 |
0.9 |
1 |
0 |
8 |
The table above covers all companies in the report with historical, forecasted, and two-year forward yields, providing a snapshot of their market size, value propositions, and analyst sentiment.
Ranking by Dividend Yield: The Highest-Yielding Singapore Stocks
Dividend yield seekers will be particularly interested in the highest-yielding stocks, which are ranked below by their first-year (F1) forecasted dividend yield:
| Rank |
Company (Code) |
F1 Div Yield (%) |
Hist Div Yield (%) |
F2 Div Yield (%) |
Market Cap (US\$m) |
| 1 |
Dairy Farm Int’l Hldgs (DFI SP) |
17.7 |
3.3 |
– |
4,264 |
| 2 |
Keppel Infrastructure Trust (KIT SP) |
9.0 |
8.9 |
24 |
2,108 |
| 3 |
Elite UK REIT (ELITE SP) |
8.7 |
9.7 |
10 |
281 |
| 4 |
Sasseur Real Estate Investment (SASSR SP) |
8.7 |
8.7 |
12 |
689 |
Notably, Dairy Farm International Holdings stands out as an outlier with a projected yield of 17.7%, potentially reflecting special dividends or extraordinary payouts. Elite UK REIT and Sasseur REIT offer yields above 8%, appealing to risk-tolerant income investors.
Singapore REITs in Focus: Key Metrics and Yield Rankings
REITs constitute a significant portion of Singapore’s high-yield landscape. Below, we present a detailed table of all major Singapore-listed REITs, sorted by company name, with relevant valuation and yield metrics.
| Company (Code) |
Price |
Market Cap (US\$m) |
P/E (Hist) |
P/E (F1) |
P/Bk (Hist) |
P/Bk (F1) |
Hist Div Yield (%) |
F1 Div Yield (%) |
Beta |
| Acrophyte Hospitality Trust (ARAUS SP) |
0.305 USD |
186 |
0.9 |
2.7 |
0.46 |
– |
2.7 |
5.3 |
0.9 |
| AIMS AMP Capital Indus REIT (AAREIT SP) |
1.350 SGD |
859 |
0.7 |
6.8 |
1.10 |
1.09 |
6.8 |
7.2 |
0.7 |
Highest-Yielding Singapore REITs
For dividend yield maximization, the following REITs are projected to offer the top yields for FY2025:
- United Hampshire US REIT (UHU SP): 9.1%
- Elite UK REIT (ELITE SP): 8.7%
- Sasseur Real Estate Investment Trust (SASSR SP): 8.7%
- Stoneweg Europe Stapled Trust (SERT SP): 8.3%
- Daiwa House Logistics Trust (DHLT SP): 8.2%
- First REIT (FIRT SP): 8.2%
- ESR-REIT (EREIT SP): 7.8%
These high yields are complemented by relatively moderate price-to-book ratios and betas below or close to 1, suggesting a balance of income potential and volatility.
Singapore STI Stocks: Dividend Yield Analysis
Blue-chip investors and index followers will appreciate this section, which ranks STI (Straits Times Index) constituents by their forecasted F1 dividend yields:
| Company (Code) |
Price |
Market Cap (US\$m) |
Hist Div Yield (%) |
F1 Div Yield (%) |
F2 Div Yield (%) |
Buy |
Hold |
Sell |
| Dairy Farm Int’l Hldgs (DFI SP) |
3.180 USD |
4,264 |
3.3 |
17.7 |
– |
16 |
7 |
8 |
| Frasers Logistics & Commercial (FLT SP) |
0.910 SGD |
2,691 |
6.6 |
6.6 |
20 |
18 |
8 |
12 |
| Mapletree Industrial Trust (MINT SP) |
2.060 SGD |
4,553 |
6.4 |
6.3 |
17 |
17 |
7 |
1 |
Among STI constituents, notable high-yielders include banks such as DBS Group Holdings (6.0%), United Overseas Bank (5.9%), and OCBC (5.9%), alongside REITs like Frasers Logistics & Commercial (6.6%) and Mapletree Logistics Trust (5.9%).
Company-by-Company Highlights and Analyst Observations
- CapitaLand Ascott Trust (CLAS SP): Delivers a forecasted yield of 6.9%, with strong institutional support and a low beta of 0.7, indicating lower-than-market volatility.
- Elite UK REIT (ELITE SP): Stands out for its near double-digit historical yield (9.7%) and a forecasted yield of 8.7%, making it a top pick for yield hunters.
- Sasseur Real Estate Investment (SASSR SP): Offers consistent yields of 8.7% and maintains a low beta, supporting its case as a relatively stable high-income REIT.
- Keppel Infrastructure Trust (KIT SP): High forecast yield of 9.0% with a history of stable payouts and a moderate market cap above \$2B USD.
- First REIT (FIRT SP): Delivers a robust 8.2% yield, attractive for income-focused portfolios.
- Frasers Logistics & Commercial (FLT SP): Strong yield (6.6%) and solid institutional backing, featuring in both the high-yield and blue-chip categories.
- Mapletree Industrial Trust (MINT SP): Offers a reliable yield of 6.3% and is a favorite among analysts with a large number of buy recommendations.
- DBS Group Holdings (DBS SP): The largest bank by market cap, offering a compelling 6.0% yield, appealing to both growth and income investors.
- United Overseas Bank (UOB SP): Another banking heavyweight, with a forecasted yield of 5.9% and strong analyst support.
- OCBC (OCBC SP): Delivers a 5.9% yield, with a diversified business model and a significant market presence.
Definitions and Key Financial Terms
- Dividend Yield: The annual dividend per share divided by the current share price, expressed as a percentage.
- Equity Beta: A measure of a stock’s volatility relative to the market. A beta above 1.0 is more volatile than the market; below 1.0 is less volatile.
- Market Capitalisation: The total market value of a company’s outstanding shares.
- Price/Earnings Ratio (P/E): The ratio of a company’s share price to its earnings per share (EPS), used for valuation comparisons.
Conclusion
Singapore’s equity market remains a prime destination for dividend investors, offering a deep pool of high-yielding stocks and REITs with robust fundamentals and institutional support. Whether seeking defensive, stable income or aggressive yield plays, the diversity and transparency of the market provide ample opportunities to build a resilient income portfolio for 2025.
Disclaimer: This report provides information for general circulation and does not constitute investment advice. Please consult with a financial advisor to ensure suitability based on your financial situation and objectives.
