Top 10 Singapore REITs to watch in 2026

What are REITs and how do they work?

Real estate investment trusts (REITs) are publicly traded companies that own, operate or finance income-generating real estate. They work like mutual funds, but instead of investing in stocks or bonds, REITs focus on property assets.

The beauty of REITs is that they give you access to real estate income and capital appreciation without requiring you to buy, manage or finance properties yourself. This opens up real estate to everyday traders, making previously inaccessible assets available to anyone.

What makes REITs unique

To qualify as a REIT, companies must meet several critical requirements:

1. Invest at least 75% of total assets in real estate
   
2. Derive at least 75% of gross income from real estate-related sources
   
3. Distribute a minimum of 90% of taxable income to shareholders as dividends¹

This rule about giving shareholders 90% of profits is why REITs often pay higher dividends than regular stocks. Since REITs must pay out most of their profits to investors by law, they typically provide regular cash payments that many traders like.

Types of REITs by property sector

REITs specialise in different property types, each with unique risk and return characteristics:

• Retail
• Office
• Industrial
• Hospitality
• Healthcare
• Residential
• Data centre

Key REIT numbers to watch

When looking at REITs, these are the important numbers that help you decide if they're worth trading:

• Dividend percentage (Distribution yield): How much cash you get back each year compared to the current share price. A 5% yield means you'd get $50 yearly on a $1,000 investment.
• Property value (Net asset value or NAV): What all the REIT's properties are worth after subtracting any debts. Think of this as the "real" value behind the shares.
• Price compared to property value (Price-to-NAV ratio): Whether the REIT is trading above or below what its properties are actually worth. A ratio of 1.2 means you're paying 20% more than the underlying property value.
• Debt level (Gearing ratio): How much the REIT has borrowed compared to what it owns. Higher debt means more risk but potentially higher returns. Singapore rules limit this to 50%.
• Ability to pay interest (Interest coverage ratio): How comfortably the REIT can pay the interest on its loans from its rental income. Higher is better and safer.
• Remaining lease length (WALE): How long the current tenant leases will last on average. Longer leases generally mean more stable income.

Why traders and investors choose Singapore REITs

Singapore REITs (S-REITs) are REITs listed on the Singapore Exchange (SGX). They give you access to high-quality property assets across Asia without the hassle of buying actual buildings. With over 40 REITs worth more than S$100 billion², Singapore has become Asia's REIT powerhouse.

What makes S-REITs attractive
 

• Strong rules: Singapore's strict regulations protect your interests
• Tax benefits: You only pay tax once, not at both company and investor levels
• Easy trading: Buy and sell on SGX during normal market hours
• Low entry cost: Get exposure to premium properties for a fraction of their price
• Expert management: Professional teams handle all property details
• Regional exposure: Access properties across Singapore, Asia, Australia and beyond

S-REIT outlook for 2026

Key investment insights (February 2026):
 

• Interest rate stability: The Fed’s pause at 3.5–3.75% removes uncertainty, supporting REIT refinancing and valuations.
• High-yield opportunities: Multiple SGX REITs now offer >6% yields, with OCBC recently highlighting sector leaders.
• Sector Tailwinds:

- Data Centres: AI and cloud demand driving Keppel DC REIT and Digital Core REIT.

- Logistics: E-commerce resilience supports MLT and DHLT.

- Hospitality: Tourism recovery boosts CLAS.

- Healthcare: Defensive positioning sustains Parkway Life REIT.

- Retail: Tourist mall footfall rising with 15-20 million visitors expected

Top trading triggers to watch:
 

• Further rate cut announcements: Morgan Stanley's research indicates that REITs have historically delivered strong returns one year after the first rate cut, outperforming the S&P 500 and most GICS sectors.
• Dividend announcements: May trigger short-term price movements.
• Acquisition news: Could drive medium-term growth, especially for REITs with low debt.
• Tourism data: Strong visitor numbers may boost retail mall REITs.
• Office occupancy reports: Watch for signs of returning corporate tenants.

Top 10 Singapore REITs to watch in 2026

Here are ten Singapore REITs with the strongest trading and investing potential for 2026. Each has been selected based on asset quality, management track record, growth potential and sector outlook.

_{*as of 11 February 2026}

1. CapitaLand Integrated Commercial Trust (CICT) – SGX: C38U
 

• 52‑week market cap change (February 2026): +25.1%
• Dividend yield: ~4.2%
• Price/NAV: 1.11
• Gearing: 38.5%

About the company: CICT remains Singapore’s largest REIT, anchored by prime retail and office assets such as ION Orchard, Raffles City, and Plaza Singapura, alongside overseas exposure in Germany and Japan. 

Latest distribution per unit (DPU): In FY25, its DPU rose 6.4% year-on-year (YoY) to 11.58 Singapore cents, supported by strong rental reversions of 6.6% and lower financing costs. 

Analyst stock ratings and share price targets: Analysts from DBS and OCBC maintained ‘buy’ ratings, alongside higher price targets of S$2.67 and S$2.80 respectively. 

Key risks: While its diversified tenant base underpins stable income, key risks include rising interest expenses and structural shifts in retail demand. 

2. Mapletree Pan Asia Commercial Trust (MPACT) – SGX: N2IU
 

• 52‑week market cap change (February 2026): +18.4%
• Dividend yield: ~5.5%
• Price/NAV: 0.82
• Gearing: 38.8%

About the company: MPACT combines Singapore’s VivoCity and Mapletree Business City with overseas assets in Hong Kong, Japan, and South Korea, offering regional diversification.

Latest DPU: FY 2025/26 DPU stands at around 6.07 Singapore cents as of the third quarter, in line with the previous year, with strong Singapore performance offsetting weakness in Festival Walk, Hong Kong.

Analyst stock ratings and share price targets: MPACT shares are rated ‘buy’ by 60% of analysts polled by FactSet, and ‘hold’ by the remaining 40%. The stock has a 12-month average share price target of S$1.57 per share. 

Key risks: Currency fluctuations, Hong Kong retail volatility, and refinancing costs remain challenges.

3. Ascendas REIT – SGX: A17U
 

• 52‑week market cap change (February 2026): +12.7%
• Dividend yield: ~5.3%
• Price/NAV: 1.26
• Gearing: 37.7%

About the company: CapitaLand Ascendas REIT (CLAR) manages over 200 industrial properties across Singapore, the US, UK, and Europe, including logistics hubs and data centres.

Latest DPU: FY25 DPU slipped 1.3% YoY to 15.01 Singapore cents, pressured by higher finance costs, though rental reversions were strong at +12%.

Analyst stock ratings and share price targets: CLAR shares have an overall ‘buy’ rating and 12-month average share price target of S$3.26, based on FactSet insights published on the IG Markets mobile app. 

Key risks: Global economic slowdowns, FX exposure, and competition in high‑tech industrial space. 

4. Keppel DC REIT – SGX: AJBU
 

• 52‑week market cap change (February 2026): +22.9%
• Dividend yield: ~4.6%
• Price/NAV: 1.57
• Gearing: 31.5%

About the company: Keppel DC REIT focuses exclusively on data centres in Singapore, Europe, and Australia, benefiting from AI and cloud computing demand.

Latest DPU: FY25 DPU rose 9.8% YoY to 10.381 cents, with rental reversions surging 45%.

Analyst stock ratings and share price targets: Keppel DC Reit shares have a majority ‘buy’ rating, alongside a 12-month stock price target of S$2.65. This equates to an upside potential of 17.5%. 

Key risks: Rising energy costs, evolving tech standards, and tenant concentration. 

5. Parkway Life REIT – SGX: C2PU
 

• 52‑week market cap change (February 2026): +9.6%
• Dividend yield: ~4.4%
• Price/NAV: 1.72
• Gearing: 34.8%

About the company: Parkway Life REIT owns hospitals in Singapore and nursing homes in Japan, backed by long‑term leases with rent escalations.

Latest DPU: FY25 DPU rose 2.5% YoY to 15.29 cents, with gross revenue up 7.6%. 

Analyst stock ratings and share price targets: Analysts have ‘buy’ ratings, with target prices in the S$4.70 to S$5.45 range, based on FactSet data published on the IG Markets mobile app. 

Key risks: Currency exposure to the yen and regulatory changes in healthcare policy. 

6. Frasers Centrepoint Trust – SGX: J69U
 

• 52‑week market cap change (February 2026): +14.2%
• Dividend yield: ~5.4%
• Price/NAV: 1.03
• Gearing: 38.5%

About the company: Frasers Centrepoint Trust (FCT) owns nine suburban malls such as Causeway Point, Northpoint City, and NEX, serving residential catchments.

Distribution per unit (DPU) trend: FY25 DPU rose slightly to 12.113 cents (+0.6% YoY), with occupancy near 99.9%.

Analyst stock ratings and share price targets: RHB and OCBC analysts maintained ‘buy’ ratings as of late-January 2026, with stock price targets of S$2.70 and S$2.49 respectively. 

Key risks: Tenant turnover, suburban retail oversupply, and e‑commerce competition. 

7. Mapletree Logistics Trust – SGX: M44U
 

• 52‑week market cap change (February 2026): +11.8%
• Dividend yield: ~5.6%
• Price/NAV: 0.98
• Gearing: 44.4%

About the company: Mapletree Logistics Trust (MLT) owns warehouses across Singapore, China, Japan, and South Korea, supporting e‑commerce and supply chain operations.

Latest DPU: DPU is down for the first three quarters of FY2025/2026. In FY2024/2025, DPU fell 10.6% YoY to 8.05 cents, reflecting higher debt costs.

Analyst stock ratings and share price targets: Maybank maintained a ‘buy’ rating alongside a stock price target of S$1.45, while OCBC is more cautious with a ‘hold’ at S$1.40 a share.

Key risks: Geopolitical tensions, FX volatility, and rising interest rates affecting debt servicing and acquisitions. 

8. CapitaLand Ascott Trust – SGX: HMN
 

• 52‑week market cap change (February 2026): +16.3%
• Dividend yield: ~6.2%
• Price/NAV: 0.83
• Gearing: 40.5%

About the company: CapitaLand Ascott Trust (CLAS) operates serviced residences and hotels across Asia and Europe, benefiting from tourism recovery and hospitality demand.

Latest DPU: FY25 DPU remained stable at 6.10 cents, while income rose 11% YoY to S$256.7 million.

Analyst stock ratings and share price targets: CLAS shares have a majority ‘buy’ rating (75%) alongside a stock price target of S$1.08. This equates to an upside potential of 11%. 

Key risks: Travel restrictions, economic downturns, and lease variability across markets.

9. Daiwa House Logistics Trust – SGX: DHLU
 

• 52‑week market cap change (February 2026): +8.9%
• Dividend yield: ~8.2%
• Price/NAV: 0.85
• Gearing: 38.5%

About the company: Daiwa House Logistics Trust (DHLT) owns logistics facilities in Japan, leased to domestic corporations, offering high yields and stable occupancy.

Latest DPU: DPU fell to 2.24 Singapore cents in the first half of FY2025 from 2.45 Singapore cents a year ago. H2 results are scheduled for release on 27 February 2026.

Analyst stock ratings and share price targets: DHLT shares have been rated a ‘buy’ by analysts polled by FactSet. The stock also has a 12-month price target of S$0.60, equating to an upside potential of 8.1%.

Key risks: Limited geographic diversification, tenant concentration, and exposure to Japan’s interest rate and currency environment. 

10. Digital Core REIT – SGX: DCRU
 

• 52‑week market cap change (February 2026): +19.5%
• Dividend yield: ~6.9%
• Price/NAV: 0.59
• Gearing: 34.0%

About the company: Digital Core REIT owns US‑based data centres leased to hyperscale clients, aligning with AI and cloud computing growth.

Distribution per unit (DPU) trend: FY25 DPU remained stable at 3.60 US cents, with occupancy at 97%.

Analyst stock ratings and share price targets: DBS assigned a ‘buy’ rating with a target price of US$0.70, while UOB Kay Hian is more optimistic at US$0.92 alongside a ‘buy’ call.

Key risks: Tenant credit concentration, sector cyclicality, and refinancing challenges amid rising US interest rates. 

How to trade and invest in SG REIT stocks with IG Singapore

CFD share trading
 

1. Create a live or demo account
2. Find an opportunity among one of our 10,000+ stocks with our  stock screener
3. Click ‘buy’ to go long or ‘sell’ to short
4. Set your position size
5. Take steps to manage your risk
6. Open and monitor your position

Investing
 

1. Open an account via IG Markets Singapore app
2. Search for Singapore REIT stocks on the app
3. Choose the shares you want to buy
4. Determine how many shares you want to purchase
5. Place your order
6. Monitor your investment and collect any dividends

S-REIT shares FAQs

Footnotes

1 Monetary Authority of Singapore (MAS), "Guidelines for Singapore REITs," January 2025.
2 SGX Market Statistics, "S-REIT Market Capitalisation Report," February 2025.