S-REITs Opportunities

Historical valuation insights — track REITs trading at a discount or premium relative to their past

Price vs History
10
REITs below historical avg price
-2σ:0
-1σ:10
0:15
+1σ:2
+2σ:1
Yield vs History
2
REITs above historical avg yield
-2σ:1
-1σ:3
0:22
+1σ:2
+2σ:0
Asset Value vs History
7
REITs trading below book value
-2σ:0
-1σ:7
0:18
+1σ:2
+2σ:1
Payout Growth vs History
6
REITs with above-avg DPU growth
-2σ:1
-1σ:7
0:14
+1σ:3
+2σ:3
#1
Keppel DC REIT
Data Centre · AJBU
Opportunity Score 81/100
Yield 4.74%
P/NAV 1.27
Gearing 34.0%
#2
Parkway Life REIT
Healthcare · C2PU
Opportunity Score 67/100
Yield 3.61%
P/NAV 1.67
Gearing 34.2%
#3
Far East Hospitality Trust
Hospitality · Q5T
Opportunity Score 62/100
Yield 6.32%
P/NAV 0.67
Gearing 32.8%

Price vs Yield

Sector Heatmap

Sector Price Rating Yield Rating Asset Value Rating Payout Rating Gearing
Industrial Low Avg Above Avg Below Avg Slight Decline 40.5
Retail Average Average Average Slight Decline 40.4
Hospitality Low Avg Above Avg Low Avg Slight Decline 35.3
Diversified Below Avg Average Average Slight Decline 40.1
Data Centre Average Above Avg Below Avg Slight Growth 36.6
Office Below Avg Average Below Avg Stable 38.9
Healthcare Above Avg Average Average Strong Growth 34.2

All S-REITs Opportunity Ranking

Select Sectors to Include
Select Ratings to Include
REIT Price Rating ℹ️ Yield Rating ℹ️ Asset Rating ℹ️ Payout Rating ℹ️ Score ℹ️ Gearing ℹ️ Yield P/NAV
Keppel DC REIT AJBU Average Above Avg Low Avg Strong Growth 81/100 34.0% 4.74% 1.27
Parkway Life REIT C2PU Above Avg Average Average Strong Growth 67/100 34.2% 3.61% 1.67
Far East Hospitality Trust Q5T Average Above Avg Average Stable 62/100 32.8% 6.32% 0.67
Elite UK REIT MXNU Below Avg Average Below Avg Slight Growth 59/100 37.7% 9.77% 0.69
CapitaLand Ascott Trust HMN Low Avg Above Avg Low Avg Slight Decline 59/100 37.7% 7.02% 0.76
Sasseur REIT CRPU Below Avg Average Average Slight Decline 57/100 25.4% 8.96% 0.86
CDL Hospitality Trusts J85 Low Avg Average Low Avg Slight Decline 56/100 35.3% 6.04% 0.58
Mapletree Pan Asia Commercial Trust N2IU Low Avg Above Avg Low Avg Declining 55/100 37.7% 6.12% 0.76
Alpha Integrated REIT M1GU Very High Avg Average Very High Avg Strong Growth 54/100 34.9% 7.14% 0.93
Mapletree Industrial Trust ME8U Low Avg High Avg Below Avg Steep Decline 52/100 37.5% 6.74% 1.19
Frasers Centrepoint Trust J69U Average Above Avg Average Growing 51/100 40.4% 5.46% 0.99
CapitaLand Ascendas REIT A17U Low Avg High Avg Low Avg Slight Decline 49/100 42.0% 5.89% 1.11
Digital Core REIT DCRU Below Avg Above Avg Below Avg Slight Decline 48/100 39.2% 7.42% 0.6
Frasers Logistics & Commercial Trust BUOU Below Avg Average Below Avg Declining 45/100 35.4% 6.07% 0.87
ESR REIT 9A4U Low Avg Average Average Stable 44/100 41.4% 8.77% 1.0
Mapletree Logistics Trust M44U Low Avg Above Avg Low Avg Steep Decline 44/100 40.5% 6.02% 0.97
Daiwa House Logistics Trust DHLU Low Avg Above Avg Low Avg Steep Decline 44/100 40.6% 8.84% 0.75
OUE REIT TS0U Average Average Average Growing 43/100 41.5% 6.37% 0.63
Starhill Global REIT P40U Average Average Above Avg Stable 43/100 35.8% 6.58% 0.78
Lendlease Global Commercial REIT JYEU Below Avg Average Average Slight Decline 41/100 38.9% 6.24% 0.83
CapitaLand Integrated Commercial Trust C38U Very High Avg Below Avg High Avg Strong Growth 40/100 38.5% 4.65% 1.17
CapitaLand China Trust AU8U Low Avg Average Below Avg Declining 39/100 41.4% 7.36% 0.64
Keppel REIT K71U Below Avg Average Average Slight Decline 36/100 40.0% 5.68% 0.74
Suntec REIT T82U Average Low Avg Average Stable 29/100 43.0% 4.76% 0.73
United Hampshire US REIT ODBU Average Low Avg Average Slight Decline 28/100 41.1% 8.28% 0.72
BHG Retail REIT BMGU Low Avg Very Low Avg Average Slight Decline 28/100 40.8% 0.16% 0.65
Stoneweg Europe Stapled Trust SET Below Avg Average Average Declining 28/100 42.7% 8.32% 0.81
AIMS APAC REIT O5RU Very High Avg Very Low Avg Very High Avg Slight Decline 24/100 24.9% 6.11% 1.26

REITs Not Included (10)

Acrophyte Hospitality Trust XZL
High gearing (43.7%)
Centurion Accommodation REIT 8C8U
Insufficient DPU history (1 quarters)
First REIT AW9U
High gearing (45.7%)
IREIT Global UD1U
High gearing (44.7%)
KORE US REIT CMOU
High gearing (43.3%)
Landmark REIT D5IU
No dividend (yield=0)
Manulife US REIT BTOU
No dividend (yield=0)
NTT DC REIT NTDU
Insufficient DPU history (3 quarters)
Prime US REIT OXMU
High gearing (45.2%)
UI Boustead REIT UIBU
Insufficient DPU history (2 quarters)

How S-REIT opportunities are ranked

The Opportunities page ranks the full S-REITs universe by a blended score that combines dividend yield, price-to-NAV discount, and other value signals. It is a screening tool, not a buy list. "Cheap" is a starting point for research, not a conclusion.

What the score reflects

The Opportunity Score is a 0–100 blend of five pillars. Four compare a REIT to its own ~5-year history (Z-scores); Safety uses absolute balance-sheet thresholds.

Ties break in this order: total score → DPU Z-score → gearing → yield Z-score.

Z-scores correct for structural differences — a 6% yield is exceptional for a Singapore-office REIT but normal for a US-office REIT. The score flags REITs dislocated from their own norm; it is a screening rank, not a forecast or a buy signal.

Why yield alone isn't enough

The highest-yielding S-REITs in any snapshot usually fall into one of these categories:

Reading the trailing yield in isolation misses these signals. Always look at the direction of DPU (see the earnings page) and the gearing trajectory before treating a high-yield REIT as a bargain.

Suggested workflow

The opportunity score is a rules-based composite, not a recommendation. Individual investment decisions require your own assessment of risk tolerance, portfolio construction, sector concentration, and time horizon. This site is a free reference and not a source of personalised advice.