What happened?

During our recent webinar on “What’s next for Singapore REITs?”, I received many questions on retail REITs. This might be because retail REITs are seen to be resilient, especially with consumer spending in Singapore remaining healthy.  As a result, most of the retail malls in Singapore continue to have fairly high occupancy. This is in contrast to some industrial REITs with datacentre exposure such as Keppel DC REIT and Digital Core REIT, which have seen tenant defaults over the past year.  Earlier, I shared that CapitaLand Integrated Commercial Trust as one of the few REITs that managed to raise its dividends in 2023.  In this post, I will be shining the spotlight on four Singapore-listed retail REITs with dividends yields higher than 5.5%. 

Four retail REITs with dividend yields of more than 5.5%

#1 – Frasers Centrepoint Trust

Frasers Centrepoint Trust, or FCT for short, is a suburban retail...