EOD · 18 Jun 2026

The S-REIT market

● EOD · 18 Jun 2026
S$101Btotal market cap
6.4%median yield
29/37below NAV
▲ 14 ▼ 11advancers / decliners today
GroundVision S-REIT Indexcap-weighted · 35 trusts · rebased to 100 at Jun 2025
106.0+6.0% 1Y
Valuationwhere the median trust trades vs book

29 of 37 trade below NAV. Below book = market values the trust under its appraised property value; above = a premium.

Yield spread over risk-freemedian S-REIT yield − SG 10Y government bond
+4.4pp
S-REIT median yield6.4%
SG 10Y govt bond2.00%
SG 1M SORA (short rate)1.03%

The income cushion S-REITs pay over the “risk-free” government bond — wider = more compensation for property risk. SG 10Y as of 17 Jun 2026 (TradingEconomics).

S-REIT master screener

Every Singapore-listed REIT, machine-aggregated and source-linked — see the tooling in action. Sort any column, filter by sub-sector, search by name or code. 37 trusts shown. The 4 pinned at the top ship a full free sample brief — the same filing-level diligence we gate for the rest.

All Industrial (7)Office (6)Retail (6)Diversified (7)Hospitality (4)Data Centre (3)Healthcare (2)Specialised (2)
REIT Sector Price 1D Yield P/NAV Prem/Disc Mkt cap
NTT DC REIT ★ Free brief
SGX:NTDU · NTT Group
Data Centre US$0.980 +1.03% 11.35% 0.85 −15% US$1.00B
Digital Core REIT ★ Free brief
SGX:DCRU · Digital Realty
Data Centre US$0.490 +1.03% 7.35% 0.61 −39% US$639M
CapitaLand Ascott Trust ★ Free brief
SGX:HMN · CapitaLand
Hospitality S$0.910 +0.55% 6.74% 0.78 −22% S$3.50B
Keppel DC REIT ★ Free brief
SGX:AJBU · Keppel
Data Centre S$2.250 -0.44% 4.58% 1.32 +32% S$5.50B
ESR-REIT
SGX:9A4U · ESR Group
Industrial S$2.390 +0.42% 9.21% 0.94 −6% S$1.92B
First REIT
SGX:AW9U · OUE / OUE Lippo
Healthcare S$0.230 +0.00% 9.09% 0.92 −8% S$487M
Sasseur REIT
SGX:CRPU · Sasseur
Retail S$0.680 +0.74% 9.09% 0.85 −15% S$860M
Elite UK REIT
SGX:MXNU · Elite Partners
Office £0.340 +0.00% 8.91% 0.86 −14% £208M
Daiwa House Logistics Trust
SGX:DHLU · Daiwa House
Industrial S$0.495 +1.02% 8.75% 0.76 −24% S$344M
United Hampshire US REIT
SGX:ODBU · UOB / Hampshire
Retail US$0.520 +0.97% 8.52% 0.71 −29% US$316M
Stoneweg European REIT
SGX:SET · Stoneweg / Icona
Diversified €1.550 -1.90% 8.44% 0.76 −24% €869M
IREIT Global
SGX:UD1U · Tikehau / City Developments
Office S$0.215 +2.38% 7.74% 0.43 −57% S$289M
CapitaLand India Trust
SGX:CY6U · CapitaLand
Specialised S$1.030 +0.98% 7.72% 0.95 −5% S$1.53B
Alpha Integrated REIT
SGX:M1GU · Internalised (ex-Sabana)
Industrial S$0.490 +1.03% 7.55% 0.93 −7% S$551M
CapitaLand Ascendas REIT
SGX:A17U · CapitaLand
Industrial S$2.540 +0.40% 7.41% 1.13 +13% S$12.68B
CapitaLand China Trust
SGX:AU8U · CapitaLand
Retail S$0.655 +0.00% 7.11% 0.64 −36% S$1.15B
CapitaLand Integrated Commercial Trust
SGX:C38U · CapitaLand
Diversified S$2.340 +0.00% 6.65% 1.09 +9% S$18.44B
Starhill Global REIT
SGX:P40U · YTL
Retail S$0.540 -0.92% 6.61% 0.75 −25% S$1.25B
Mapletree Industrial Trust
SGX:ME8U · Mapletree
Industrial S$1.950 -0.51% 6.48% 1.20 +20% S$5.57B
Lendlease Global Commercial REIT
SGX:JYEU · Lendlease
Diversified S$0.580 +0.87% 6.33% 0.82 −18% S$1.92B
Far East Hospitality Trust
SGX:Q5T · Far East Orchard
Hospitality S$0.580 -0.85% 6.32% 0.66 −34% S$1.19B
OUE REIT
SGX:TS0U · OUE
Diversified S$0.355 +0.00% 6.28% 0.63 −37% S$1.96B
Mapletree Pan Asia Commercial Trust
SGX:N2IU · Mapletree
Diversified S$1.280 +0.00% 6.23% 0.73 −27% S$6.76B
AIMS APAC REIT
SGX:O5RU · AIMS / internalised
Industrial S$1.600 +0.63% 6.19% 1.25 +25% S$1.31B
CDL Hospitality Trusts
SGX:J85 · City Developments
Hospitality S$0.790 -0.63% 6.04% 0.56 −44% S$1.01B
Keppel REIT
SGX:K71U · Keppel
Office S$0.865 +0.00% 6.04% 0.68 −32% S$4.30B
Frasers Logistics & Commercial Trust
SGX:BUOU · Frasers Property
Diversified S$0.985 +0.00% 5.99% 0.88 −12% S$3.74B
Mapletree Logistics Trust
SGX:M44U · Mapletree
Industrial S$1.220 +0.00% 5.95% 0.96 −4% S$6.25B
Suntec REIT
SGX:T82U · ARA / internalised
Diversified S$1.440 +0.00% 5.38% 0.71 −29% S$4.26B
Frasers Centrepoint Trust
SGX:J69U · Frasers Property
Retail S$2.270 +0.00% 5.33% 1.01 +1% S$4.63B
Acrophyte Hospitality Trust
SGX:XZL · Acrophyte
Hospitality US$0.195 +5.41% 4.54% 0.28 −72% US$113M
ParkwayLife REIT
SGX:C2PU · IHH / Parkway
Healthcare S$3.940 -0.51% 4.46% 1.56 +56% S$2.57B
Prime US REIT
SGX:OXMU · KBS
Office US$0.162 -1.22% 4.37% 0.31 −69% US$233M
Centurion Accommodation REIT
SGX:8C8U · Centurion Corp
Specialised S$1.090 -0.91% 1.60% 1.25 +25% S$1.88B
Keppel Pacific Oak US REIT
SGX:CMOU · Keppel / KPA
Office US$0.180 -1.64% 1.35% 0.26 −74% US$188M
BHG Retail REIT
SGX:BMGU · Beijing Hualian
Retail S$0.450 +0.00% 0.64% 0.66 −34% S$234M
Manulife US REIT
SGX:BTOU · Manulife
Office US$0.053 -1.85% 0.28 −72% US$94M

Price, market cap, NAV and distribution yield: Yahoo Finance (delayed/EOD), as of 18 Jun 2026. P/NAV and prem/disc computed from price ÷ NAV. = headline yield diverges from our trailing cross-check (recent listing / special distribution) — confirm against the filing. Gearing, ICR, WALE and occupancy are in each REIT's deal brief.

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S-REITs, answered

How many REITs are listed in Singapore?
Around 40 REITs and property trusts trade on the SGX Mainboard, spanning retail, office, industrial/logistics, hospitality, healthcare, data centres and diversified portfolios. It is the largest REIT market in Asia ex-Japan and makes up roughly a tenth of SGX's total market value. Our screener tracks the active universe with live market data.
Are Singapore REIT dividends taxed?
Distributions from S-REITs are generally tax-exempt in the hands of Singapore-resident individual investors, provided the REIT meets the tax-transparency conditions (it must distribute at least 90% of its taxable income). Different rules apply to companies and certain foreign investors. Always confirm your position with IRAS or a tax adviser.
What is a good distribution yield for a Singapore REIT?
Most S-REITs yield between roughly 5% and 9%. A high headline yield can signal either genuine value or elevated risk (high gearing, a distressed sector, or a recently cut distribution), so yield should always be read alongside the discount to NAV, gearing and the durability of the distribution — which is exactly what the per-REIT pages and deal briefs lay out.
What is the gearing limit for Singapore REITs?
Under the MAS Property Funds Appendix, an S-REIT's aggregate leverage is capped at 50% of total assets, and it must maintain a minimum interest coverage ratio of 1.5x. Most well-run trusts operate around 35–40% to keep headroom; gearing in the mid-40s and above warrants closer attention.
What does P/NAV (price-to-book) tell you about a REIT?
P/NAV compares the unit price to the REIT's net asset value per unit. Below 1.0x means the market values the trust at a discount to the appraised value of its properties; above 1.0x is a premium. Discounts can reflect rate, currency or sector concerns — or a genuine mispricing. We compute it as price ÷ NAV and show the premium/discount on every REIT.
Can I buy Singapore REITs with CPF or SRS?
Many S-REITs are eligible for purchase using SRS funds, and selected counters are CPF-Investment-Scheme eligible, subject to the prevailing rules and your broker. Check each counter's eligibility before investing. REITs are popular for income because of the tax-exempt distributions to resident individuals.

This S-REIT hub is one of GroundVision's data engines

We turn scattered filings and market noise into diligence-ready, source-cited intelligence — and we run the same engine on private CRE deals: 10-minute go / no-go, owner prospecting, listing launch and AI lead management. Every figure on this site was machine-generated and auto-refreshed; no analyst typed it in.