OCBC Investment Research
Date of Report: 08 September 2025

Singapore Dividend Stock Guide 2025: Top High-Yield Stocks and REITs for Investors

Singapore’s equity market continues to attract investors seeking stable income streams through dividend-paying stocks and REITs. This comprehensive guide covers the latest dividend yield leaders, including both Singapore-listed companies and REITs, offering insights into their yields, valuations, and analyst recommendations as of September 2025.

Why Dividend Yield Matters for Singapore Investors

Dividend yield remains a key metric for income-focused investors, calculated as the annual dividend per share divided by the stock price, expressed as a percentage. A high dividend yield can signal both healthy cash flow and an attractive entry point, although investors must also consider underlying business stability and payout sustainability.

Singapore Stocks with Dividend Yields Above 6%

The following table showcases Singapore-listed companies delivering forecasted (F1) dividend yields exceeding 6%. The list includes both real estate investment trusts (REITs) and non-REIT companies, ranked by company name, dividend yield, and includes critical metrics such as market capitalization, price-to-earnings (P/E) ratio, and analyst ratings.

Top Dividend Yield Stocks Ranked by Yield

When sorted by dividend yield, the clear leaders in the Singapore market feature a mix of logistics, infrastructure, and overseas-focused REITs. The following standouts should be on every income investor’s radar:

• Elite UK REIT (ELITE SP): Offers the highest F1 dividend yield at 8.6% and a historical yield of 9.6%, underscoring strong recurring income potential from UK government-tenanted assets.
• Keppel Infrastructure Trust (KIT SP): Yields 8.8% (historical) and 8.9% (F1), making it one of the Singapore market’s most attractive infrastructure trusts for yield-seeking investors.
• Sasseur REIT (SASSR SP): Delivers a robust 8.5% yield, backed by its China outlet mall portfolio.
• Stoneweg Europe Stapled Trust (SERT SP): Provides an 8.4% yield with exposure to European logistics assets.
• First REIT (FIRT SP): A healthcare REIT with an 8.2% F1 yield, offering defensive characteristics amid market uncertainty.

In-Depth Profiles of Key High-Yield Singapore Stocks & REITs

CapitaLand Ascott Trust (CLAS SP)

With a market cap of US\$2.68 billion and a forecast F1 dividend yield of 6.8%, CapitaLand Ascott Trust remains a mainstay for yield-focused investors seeking diversified exposure to global serviced residences. The trust is widely covered, with 7 buys, 2 holds, and 1 sell from analysts. Its low beta of 0.7 suggests lower volatility relative to the market.

CapitaLand China Trust (CLCT SP)

Offering a 6.6% F1 yield and a 1.0x P/E, CLCT provides diversified exposure to retail and office assets in China. With 1 buy and 2 hold recommendations, it is a stable pick for investors wanting China exposure.

CapitaLand India Trust (CLINT SP)

Forecasting a 6.5% F1 yield and trading at SGD 1.190, this India-focused trust enjoys a moderate equity beta (0.8) and 4 buy recommendations, reflecting analyst confidence in its growth and yield story.

Daiwa House Logistics Trust (DHLT SP)

DHLT offers an impressive 8.0% F1 dividend yield, with a historical yield of 7.7%. Despite its smaller market cap of US\$319m, its logistics asset base offers resilience and growth potential.

Digital Core REIT (DCREIT SP)

A 7.1% dividend yield (historical and F1) positions DCREIT as a compelling data centre REIT. Covered by 5 analysts, all with buy ratings, it offers stability in a high-growth digital economy segment.

Elite UK REIT (ELITE SP)

Boasting a market-leading 8.6% F1 and 9.6% historical yield, Elite UK REIT’s UK government-leased portfolio delivers both income visibility and downside protection. All 6 analyst recommendations are positive.

ESR-REIT (EREIT SP)

One of the largest Singapore industrial REITs, ESR-REIT delivers a solid 7.5% F1 yield and 8% historical yield, with 5 buys and 1 hold recommendation.

Far East Hospitality Trust (FEHT SP)

A key hospitality trust, FEHT provides a 6.2% F1 yield and a 7.5% historical yield, making it attractive for investors seeking sector diversification and exposure to Singapore’s tourism recovery.

First REIT (FIRT SP)

With 8.2% F1 and 7.9% historical yields, First REIT’s focus on healthcare assets in Indonesia and Singapore offers both yield and defensive attributes. Only 1 analyst covers the trust, with a buy rating.

Frasers Logistics & Commercial Trust (FLT SP)

FLT stands out with a 6.5% F1 yield and a sizable US\$2.7bn market cap. With 8 buy and 4 hold analyst recommendations, its logistics and commercial assets provide both yield and growth.

Hutchison Port Holdings Trust (HPHT SP)

HPHT offers a 7.7% F1 yield, supported by its ports and logistics business in Hong Kong and China. Analyst coverage is split evenly between buy, hold, and sell.

Keppel Infrastructure Trust (KIT SP)

KIT is a high-yield standout at 8.9% (F1), with a US\$2.1bn market cap and diversified infrastructure assets. It is recommended by 2 analysts as a buy and 1 as a hold.

Lendlease Global Commercial REIT (LREIT SP)

Yielding 6.0% (F1), LREIT invests in prime commercial assets in Singapore and Italy. Its 6 buy and 1 hold recommendations suggest attractive risk-reward.

Mapletree Industrial Trust (MINT SP)

MINT’s industrial and data centre assets underpin a 6.2% F1 yield and low beta (0.7). With 7 buys, 7 holds, and 1 sell, the trust enjoys broad support.

Riverstone Holdings (RSTON SP)

While Riverstone’s historical yield is lower at 4.3%, its F1 yield is forecast at 6.1%. The company remains a niche play in the rubber glove and healthcare segment.

Sasseur Real Estate Investment Trust (SASSR SP)

SASSR’s 8.5% F1 yield is one of the highest in the market, supported by China outlet malls. All analyst ratings are buys.

Starhill Global REIT (SGREIT SP)

SGREIT, with a 6.7% F1 yield, offers exposure to retail and office properties in Asia. Analyst sentiment is generally positive.

Stoneweg Europe Stapled Trust (SERT SP)

SERT’s 8.4% F1 yield stands out among European-focused REITs. All 5 analysts covering the trust rate it a buy.

Spotlight on Singapore REITs: Ranking by Dividend Yield

Singapore’s REIT sector continues to be a favored hunting ground for yield-seeking investors. The following table highlights the top REITs by F1 dividend yield, providing a snapshot of their performance and outlook.

Dividend-Yielding STI Constituents

Several STI heavyweights also offer compelling yields, led by names such as DBS Group Holdings (5.9%), United Overseas Bank (5.8%), and Mapletree Logistics Trust (5.9%). These blue chips combine income with liquidity and defensive business models, making them core holdings for many portfolios.

Key Financial Definitions for Investors

• Dividend Yield: The annual dividend per share divided by the share price, expressed as a percentage.
• Equity Beta: A measure of share price volatility relative to the market (market beta = 1.0).
• Market Capitalisation: Total current market value of all outstanding shares.
• Price/Earnings Ratio (P/E): Current share price divided by earnings per share (historical or forecast).

Conclusion: Strategic Takeaways for Income Investors

Singapore’s equity landscape remains a fertile ground for high dividend yields, particularly among REITs and infrastructure trusts. With a diverse range of options across sectors and geographies, investors can tailor their portfolios to meet income, risk, and growth objectives. Analyst consensus remains positive for many of the top-yielding names, but prudent due diligence on payout sustainability and sector outlook is essential.

As always, investors are encouraged to consider their individual risk profiles and investment goals when selecting dividend stocks or REITs for their portfolios.