If you build your Singapore REIT portfolio around the FTSE ST All-Share REIT Index — the benchmark most income investors use, and one that even REITs like Starhill Global REIT measure themselves against — there's a good chance you've never seriously looked at United Hampshire US REIT (SGX: ODBU). That's the problem.
UHREIT currently trades with a dividend yield in the 8% to 9% range, well above the broader S-REIT sector average of roughly 6–7%. For a market where investors chase every extra point of yield, that should put it on every income watchlist. Instead, it sits largely off the radar — and the index is a big reason why.
UHREIT is Singapore-listed, but its entire property portfolio sits in the United States. Its tenants are grocery-anchored and necessity-based retail: strip malls and centres anchored by supermarkets and pharmacies, leased to tenants considered resilient to e-commerce — restaurants, home improvement chains, fitness centres, warehouse clubs. This has kept its income relatively stable even as its unit price...
