Singapore REITs Dividend Performance [2018-2023]
5 REITs in Singapore Market

Key Takeaway
Indicates REITs' dividends from FY2018 to FY2022 (as of 16 October 2023) in Singapore with historical yearly distribution and 5-year Average Dividends yield, including Ascendas REIT Dividend, Mapletree Industrial Trust Dividend, CapitaLand Integrated Commercial Trust, Keppel DC REIT Dividend, Frasers Centrepoint Trust Dividend. These REITs are key players in the Singapore dividend stock landscape.
In the year 2023, Singapore's real estate investment trusts (REITs) will continue to be an investment option for investors seeking income. Over the past decade, REITs in Singapore have consistently provided dividends/distributions to their investors, in fact REITs in Singapore are mandated to pay out at least 90% of their income as dividends.
Retrieved from SGX Research Chartbook: REITS & Property Trusts (June 2022)
Images provided are not current and any securities are shown for illustrative purposes only.
What are REITs?
REITs, or real estate investment trusts, are investment vehicles that own and manage income-generating properties. They allow investors to participate in the real estate market without directly owning properties. REITs generate income through rental payments from tenants and distribute portions of their earnings as dividends to shareholders.
1. Ascendas REIT Dividend (SGX:A17U)
-- Distribution History --
FY 2022 Dividend: S$ 0.15798
FY 2021 Dividend: S$ 0.15258
FY 2020 Dividend: S$ 0.14688
FY 2019 Dividend: S$ 0.11490
FY 2018 Dividend: S$ 0.16035
#The above information Distribution per Unit, source from CapitaLand Ascendas REIT - Distribution
-- Relevant Data --
5-year Average Dividend yield: 4.00%
Currently Price (18 July 2023): SGD 2.79
Payout Ratio: 86.47%
Enterprise Value: SGD 18.51 billion
# The above data as of FY 2022, from Yahoo
# Click here to check News & Forum discussion
CLAR, formerly known as CipitaLand Ascendas Real Estate Investment Trust (Ascendas Reit), is the first business space and industrial real estate investment trust listed in Singapore. It was listed on the Singapore Exchange Securities Trading Limited (SGX-ST) in November 2002. With a strong focus on tech and logistics properties in developed markets, CLAR has grown to become a global REIT anchored in Singapore.
2. Mapletree Industrial Trust Dividend (SGX: ME8U)
-- Distribution History --
FY 2022 Dividend: S$ 0.1357
FY 2021 Dividend: S$ 0.1380
FY 2020 Dividend: S$ 0.1255
FY 2019 Dividend: S$ 0.1224
FY 2018 Dividend: S$ 0.1216
#The above information Distribution per Unit, source from Mapletree Industrial Trust - Distribution History
-- Relevant Data --
5-year Average Dividend yield: 4.64%
Currently Price (18 July 2023): SGD 2.26
Payout Ratio: 82.03%
Enterprise Value: SGD 9.02 billion
# The above data as of FY 2022, from Yahoo
# Click here to check News & Forum discussion
Mapletree Industrial Trust is a Singapore Exchange Main Board-listed Real Estate Investment Trust (REIT). The trust's primary investment strategy involves investing in a diversified portfolio of real estate used mainly for industrial purposes in Singapore, income-producing real estate primarily used as data centers worldwide beyond Singapore and related assets.
3. CapitaLand Integrated Commercial Trust (SGX: C38U)
-- Distribution History --
FY 2022 Dividend: S$ 0.0522
FY 2021 Dividend: S$ 0.1040
FY 2020 Dividend: S$ 0.0869
FY 2019 Dividend: S$ 0.1197
FY 2018 Dividend: S$ 0.1150
#The above information Distribution per Unit, source from CapLand IntCom T Dividend - Distribution History
-- Relevant Data --
5-year Average Dividend yield: 4.42%
Currently Price (18 July 2023): SGD 1.98
Payout Ratio: 51.33%
Enterprise Value: SGD 22.6 billion
# The above data as of FY 2022, from Yahoo
# Click here to check News & Forum discussion
CapitaLand Mall Trust made its debut on SGX-ST in July 2002 and later changed its name to CICT in November 2020 after merging with CapitaLand Commercial Trust. CICT's portfolio consists of high-quality, income-producing assets primarily used for commercial purposes such as offices and retail spaces, located mainly in Singapore.
4. Keppel DC REIT Dividend (SGX:AJBU)
-- Distribution History --
FY 2022 Dividend: S$ 0.10214
FY 2021 Dividend: S$ 0.09851
FY 2020 Dividend: S$ 0.09170
FY 2019 Dividend: S$ 0.07612
FY 2018 Dividend: S$ 0.07324
#The above information Distribution per Unit, source from Keppel DC REIT - Distribution History
-- Relevant Data --
5-year Average Dividend yield: 3.30%
Currently Price (18 July 2023): SGD 2.23
Payout Ratio: 63.65%
Enterprise Value: SGD 4.83 billion
# The above data as of FY 2022, from Yahoo
# Click here to check News & Forum discussion
Keppel DC REIT focuses on investing primarily in real estate assets that generate income and are used for data center purposes, as well as other real estate and assets that support the digital economy. The trust invests in a diversified portfolio of colocation, fully-fitted, shell and core assets, and network assets through its investment in debt securities, which enhances the diversity and resilience of its portfolio.
5. Frasers Centrepoint Trust Dividend (SGX:J69U)
-- Distribution History --
FY 2022 Dividend: S$ 0.12227
FY 2021 Dividend: S$ 0.12085
FY 2020 Dividend: S$ 0.09042
FY 2019 Dividend: S$ 0.12070
FY 2018 Dividend: S$ 0.12015
#The above information Distribution per Unit, source from Frasers Centrepoint Trust - Dividend History
-- Relevant Data --
5-year Average Dividend yield: 4.59%
Currently Price (18 July 2023): SGD 2.18
Payout Ratio: 96.73%
Enterprise Value: SGD 5.96 billion
# The above data as of FY 2022, from Yahoo
# Click here to check News & Forum discussion
Frasers Centrepoint Trust (FCT) focuses on retail properties, including suburban malls and shopping centers. It has a presence in Singapore's retail market. FCT is managed by Frasers Centrepoint Asset Management Ltd., a real estate management company and a wholly-owned subsidiary of Frasers Property Limited.
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Disclaimer
The above information is based on public market data as of 18 July 2023. It is not a financial advice, recommendation or solicitation to buy or sell financial products. Investors should conduct their own research and consult a financial advisor before making an investment decision.

