Singapore’s largest S-REITS averaged 5.6% dividend yield in 2023: SGX

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Staff Reporter

, Singapore

Chanel store in Orchard Road, Singapore (Photo by Lee Zheng Yuan via Unsplash).

FLCT maintains the highest indicative yield, whilst CICT has the highest market value.

 Singapore’s five largest real estate investment trusts (REITs) averaged 5.6% in dividend yield in 2023, according to data from the Singapore Exchange (SGX).

Amongst the ten largest S-REITs by market value, Frasers Logistic and Commercial Trust (FLCT) maintains the highest indicative yield, at 6.2%. This yield came on the back of a 5.8% decline in its unit price over the past 12 months and a 7.04 cents distribution per unit for the 2023 fiscal year, versus 7.62 cents for 2022.

Frasers Centrepoint Trust (FCT), meanwhile, saw the strongest unit price performance in 2023 with a 10.2% increase in price unit, according to the latest market update report by the SGX. 

Meanwhile, CapitaLand Integrated Commercial Trust (CICT) maintains the highest market value amongst S-REITs, at S$13.4b.

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