Discover These Top Singapore REITs with High Occupancy Rates and Juicy Dividend Yields!

Investors in the income sector can breathe a sigh of relief as the REIT sector seems to be catching a break.

After facing tough times in recent years, the tide is turning with inflation easing and interest rates on a downward trajectory.

During this challenging period, investors have learned the importance of focusing on quality REITs with high portfolio occupancies to weather the storm.

Portfolio occupancy is a crucial metric that indicates the demand for a REIT’s properties, and a high occupancy rate can help a REIT navigate through difficult times.

Let’s take a look at four Singapore REITs that not only boast high portfolio occupancies but also offer attractive distribution yields of 5.6% and above:

1. Sasseur REIT (SGX: CRPU)
   Sasseur REIT is a retail outlet mall REIT with properties in Chongqing, Kunming, and Hefei, China. These malls have a total net lettable area of 310,241 square meters.

In the first half of 2024, Sasseur REIT reported a mixed set of earnings, with EMA rental income growing by 0.9% year on year to RMB 329 million.

1. Mapletree North Asia Commercial Trust (SGX: RW0U)
   Mapletree North Asia Commercial Trust is focused on commercial assets in Greater China and Japan. As of March 31, 2024, the REIT boasted an impressive portfolio occupancy of 98.8%.

The REIT also reported a distribution per unit (DPU) of 2.644 cents for Q4 FY2023/24, representing an 8.1% year-on-year increase.

1. Frasers Centrepoint Trust (SGX: J69U)
   Frasers Centrepoint Trust offers exposure to retail properties in Singapore. With a high portfolio occupancy of 97.4%, the REIT has demonstrated resilience in challenging market conditions.

In the first half of FY2022, Frasers Centrepoint Trust reported a distribution yield of 5.34%, providing investors with attractive returns.

1. CapitaLand China Trust (SGX: AU8U)
   CapitaLand China Trust owns a portfolio of retail properties in fast-growing Chinese cities. The REIT reported a portfolio occupancy rate of 90.4% in the first quarter of 2024.

CapitaLand China Trust also announced a DPU of 2.36 Singapore cents for Q1 2024, up 2.2% year on year.

As the REIT sector enjoys a reprieve from challenging times, investors can look to these high-quality REITs with strong portfolio occupancies and attractive distribution yields for potential investment opportunities. It’s essential to conduct thorough research and due diligence before making any investment decisions to ensure a well-rounded and diversified portfolio in the income sector.