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

Expected interest rate cuts will likely boost S-REIT prices³, with each sector offering different opportunities.

Where to look for potential gains
 

• Retail: Tourist mall footfall rising with 15-20 million visitors expected⁴
• Office: Premium Grade A space maintaining demand despite work-from-home trends
• Industrial/Logistics: E-commerce growth driving warehouse and data centre demand
• Healthcare: Aging population supporting steady returns with lower volatility

Trading triggers to watch
 

• 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 sectors⁵
• 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.

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

• Portfolio: Raffles City, ION Orchard, Plaza Singapura; offices in Singapore, Germany, Japan
• Yield: 4.61%⁶
• Price/NAV: 1.11⁷
• Gearing: 38.5%⁸
• Outlook: Retail recovery and office re-leasing support growth

CICT owns a mix of retail and office assets in prime Singapore locations, including ION Orchard and Raffles City, with overseas exposure in Germany and Japan. Its diversified tenant base and central positioning support stable income. Risks include rising interest costs and structural shifts in retail and office demand.

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

• Portfolio: VivoCity, Mapletree Business City, Festival Walk (HK), Japan offices
• Yield: 5.49%⁹
• Price/NAV: 0.82¹⁰
• Gearing: 38.8%¹¹
• Outlook: Regional diversification and asset enhancement plans

MPACT combines Singapore’s VivoCity and Mapletree Business City with overseas assets in Hong Kong, Japan, and South Korea. Its regional footprint offers resilience, but currency fluctuations and Hong Kong’s retail volatility remain key risks. Tenant concentration and refinancing costs may also affect future distributions.

3. Ascendas REIT – SGX: A17U
 

• Portfolio: 200+ industrial assets across Singapore, US, UK, Europe
• Yield: 5.32%¹²
• Price/NAV: 1.26¹³
• Gearing: 37.7%¹⁴
• Outlook: Data centres and logistics demand remain strong

Ascendas REIT manages over 200 industrial properties across Singapore, the US, UK and Europe, including logistics hubs and data centres. Its scale and tenant diversity support steady cash flows. Risks include global economic slowdowns, FX exposure, and competition in the high-tech industrial space.

4. Keppel DC REIT – SGX: AJBU
 

• Portfolio: Data centres in Singapore, Europe, Australia
• Yield: 3.94%¹⁵
• Price/NAV: 1.57¹⁶
• Gearing: 31.5%¹⁷
• Outlook: AI and cloud computing driving long-term demand

Keppel DC REIT focuses exclusively on data centres, with assets in Singapore, Europe and Australia. Long lease terms and digital infrastructure demand underpin its growth. However, rising energy costs, evolving tech standards and sector competition could pressure margins and asset valuations.

5. Parkway Life REIT – SGX: C2PU
 

• Portfolio: Singapore hospitals, Japanese nursing homes
• Yield: 3.60%¹⁸
• Price/NAV: 1.72¹⁹
• Gearing: 34.8%²⁰
• Outlook: Stable income from long-term healthcare leases

Parkway Life REIT owns hospitals in Singapore and nursing homes in Japan, backed by long-term leases with built-in rent escalations. Its defensive healthcare positioning offers income stability. Risks include regulatory changes, currency exposure to the yen, and lease renewal uncertainty in key hospital assets.

6. Frasers Centrepoint Trust – SGX: J69U
 

• Portfolio: Suburban malls like Causeway Point, Northpoint City
• Yield: 5.08%²¹
• Price/NAV: 1.03²²
• Gearing: 38.5%²³
• Outlook: Resilient footfall and community-based retail

Frasers Centrepoint Trust holds suburban malls like Causeway Point and Northpoint City, serving residential catchments across Singapore. Its focus on necessity-driven retail provides resilience. Risks include tenant turnover, competition from e-commerce, and potential oversupply in suburban retail space.

7. Mapletree Logistics Trust – SGX: M44U
 

• Portfolio: Warehouses across Singapore, China, Japan, South Korea
• Yield: 5.88%24
• Price/NAV: 0.9825
• Gearing: 44.4%26
• Outlook: E-commerce and supply chain demand remain supportive

Mapletree Logistics Trust owns warehouses across Asia-Pacific, supporting e-commerce and supply chain operations. Its geographic spread and stable tenants offer consistent returns. Risks include geopolitical tensions, FX volatility, and rising interest rates affecting debt servicing and acquisition plans.

8. CapitaLand Ascott Trust – SGX: HMN
 

• Portfolio: Serviced residences and hotels across Asia and Europe
• Yield: 6.39%²⁷
• Price/NAV: 0.83²⁸
• Gearing: 40.5%²⁹
• Outlook: Tourism recovery and hospitality demand

CapitaLand Ascott Trust operates serviced residences and hotels across Asia and Europe, benefiting from tourism recovery. Its variable income model allows upside during peak travel seasons. Risks include travel restrictions, economic downturns, and lease structure variability across markets.30

9. Daiwa House Logistics Trust – SGX: DHLU
 

• Portfolio: Logistics assets in Japan
• Yield: 8.19%³¹
• Price/NAV: 0.85³²
• Gearing: 38.5%³³
• Outlook: High-yield logistics play with stable tenants

Daiwa House Logistics Trust owns logistics facilities in Japan, leased to domestic corporations.34 Its high yield and stable occupancy reflect Japan’s mature logistics market. Risks include limited geographic diversification, tenant concentration, and exposure to Japan’s interest rate and currency environment.

10. Digital Core REIT – SGX: DCRU
 

• Portfolio: US data centres leased to hyperscalers
• Yield: 7.66%³⁵
• Price/NAV: 0.59³⁶
• Gearing: 34.0%³⁷
• Outlook: Tech sector exposure with long lease profiles

Digital Core REIT owns US-based data centres leased to hyperscale clients. Its long leases and tech sector alignment offer growth potential. Risks include 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.
3 Monetary Authority of Singapore (MAS), "Financial Stability Review," December 2024.
4 Singapore Tourism Board, "Tourism Sector Performance Forecast 2025-2030," January 2025.
5 https://www.morganstanley.com/im/publication/insights/articles/article_acompellingopportunityinreits_a4.pdf
6 CICT Dividend Yield & NAV – Beansprout
7 CICT Dividend Yield & NAV – Beansprout
8 CICT Dividend Yield & NAV – Beansprout
9 MPACT Dividend & Valuation – Beansprout
10 MPACT Dividend & Valuation – Beansprout
11 MPACT Dividend & Valuation – Beansprout
12 Ascendas REIT Financials – Beansprout
13 Ascendas REIT Financials – Beansprout
14 Ascendas REIT Financials – Beansprout
15 Keppel DC REIT Data – Beansprout
16 Keppel DC REIT Data – Beansprout
17 Keppel DC REIT Data – Beansprout
18 Parkway Life REIT Yield & NAV – Beansprout
19 Parkway Life REIT Yield & NAV – Beansprout
20 Parkway Life REIT Yield & NAV – Beansprout
21 FCT Dividend & Valuation – Beansprout
22 FCT Dividend & Valuation – Beansprout
23 FCT Dividend & Valuation – Beansprout
24 MLT Financials – Beansprout
25 MLT Share Price History – SGInvestors
26 MLT Financials – Beansprout
27 CLAS Historical Prices – Yahoo Finance
28 CLAS Historical Prices – Yahoo Finance
29 CLAS Historical Prices – Yahoo Finance
30 CLAS Analyst Reports – SGInvestors
31 DHLT Price & News – Google Finance
32 DHLT Price & News – Google Finance
33 DHLT Price & News – Google Finance
34 DHLT Portfolio Overview
35 Digital Core REIT Data – Beansprout
36 Digital Core REIT Data – Beansprout
37 Digital Core REIT Data – Beansprout