S-REITs Opportunities

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

Price vs History
8
REITs below historical avg price
-2σ:0
-1σ:8
0:16
+1σ:1
+2σ:2
Yield vs History
2
REITs above historical avg yield
-2σ:1
-1σ:2
0:22
+1σ:2
+2σ:0
Asset Value vs History
6
REITs trading below book value
-2σ:0
-1σ:6
0:18
+1σ:1
+2σ:2
Payout Growth vs History
8
REITs with above-avg DPU growth
-2σ:1
-1σ:8
0:10
+1σ:5
+2σ:3
#1
Keppel DC REIT
Data Centre · AJBU
Opportunity Score 78/100
Yield 4.61%
P/NAV 1.3
Gearing 34.0%
#2
Parkway Life REIT
Healthcare · C2PU
Opportunity Score 74/100
Yield 3.66%
P/NAV 1.65
Gearing 34.2%
#3
CapitaLand Ascott Trust
Hospitality · HMN
Opportunity Score 63/100
Yield 6.75%
P/NAV 0.8
Gearing 38.9%

Price vs Yield

Sector Heatmap

Sector Price Rating Yield Rating Asset Value Rating Payout Rating Gearing
Industrial Low Avg Above Avg Low Avg Declining 39.0
Retail Average Average Average Slight Decline 40.0
Hospitality Below Avg Above Avg Below Avg Stable 35.3
Diversified Below Avg Average Average Slight Decline 40.0
Data Centre Average Above Avg Below Avg Slight Growth 36.5
Office Below Avg Average Below Avg Slight Decline 39.0
Healthcare Average Average Below Avg 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 Average Low Avg Strong Growth 78/100 34.0% 4.61% 1.3
Parkway Life REIT C2PU Average Average Below Avg Strong Growth 74/100 34.2% 3.66% 1.65
CapitaLand Ascott Trust HMN Below Avg Above Avg Below Avg Growing 63/100 38.9% 6.75% 0.8
CDL Hospitality Trusts J85 Low Avg Average Low Avg Stable 61/100 35.3% 6.15% 0.55
Elite UK REIT MXNU Below Avg Average Below Avg Slight Growth 59/100 37.7% 9.77% 0.69
Far East Hospitality Trust Q5T Average Above Avg Average Stable 59/100 33.4% 6.27% 0.67
Sasseur REIT CRPU Below Avg Average Average Slight Decline 57/100 25.4% 8.96% 0.86
Frasers Logistics & Commercial Trust BUOU Below Avg Average Below Avg Declining 54/100 33.7% 6.04% 0.88
CapitaLand Ascendas REIT A17U Very Low Avg Very High Avg Low Avg Slight Decline 53/100 42.0% 6.03% 1.09
Mapletree Industrial Trust ME8U Low Avg High Avg Below Avg Steep Decline 52/100 37.5% 6.74% 1.19
Alpha Integrated REIT M1GU Very High Avg Below Avg Very High Avg Strong Growth 51/100 34.9% 6.73% 0.98
Mapletree Pan Asia Commercial Trust N2IU Low Avg Above Avg Below Avg Declining 51/100 36.5% 6.03% 0.77
Frasers Centrepoint Trust J69U Average Average Average Growing 48/100 40.0% 5.37% 1.01
Digital Core REIT DCRU Below Avg Above Avg Below Avg Slight Decline 48/100 39.0% 7.27% 0.61
Mapletree Logistics Trust M44U Low Avg Above Avg Low Avg Steep Decline 44/100 40.6% 6.17% 0.95
Daiwa House Logistics Trust DHLU Low Avg Above Avg Low Avg Steep Decline 44/100 40.6% 8.93% 0.74
CapitaLand Integrated Commercial Trust C38U High Avg Below Avg High Avg Strong Growth 42/100 38.5% 4.75% 1.14
Lendlease Global Commercial REIT JYEU Below Avg Average Average Slight Decline 41/100 38.7% 6.29% 0.84
OUE REIT TS0U Average Below Avg Average Growing 40/100 41.5% 5.95% 0.67
AIMS APAC REIT O5RU Very High Avg Very Low Avg Very High Avg Growing 39/100 26.8% 5.96% 1.28
CapitaLand China Trust AU8U Low Avg Average Below Avg Declining 39/100 41.4% 7.36% 0.64
Starhill Global REIT P40U Average Average Above Avg Slight Decline 38/100 35.5% 6.64% 0.76
United Hampshire US REIT ODBU Average Below Avg Average Slight Decline 30/100 41.1% 8.44% 0.71
Keppel REIT K71U Below Avg Average Average Steep Decline 30/100 40.2% 5.94% 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% 8.54% 0.79
Suntec REIT T82U Average Very Low Avg Above Avg Stable 23/100 43.0% 4.63% 0.75

REITs Not Included (11)

Acrophyte Hospitality Trust XZL
High gearing (43.7%)
Centurion Accommodation REIT 8C8U
Insufficient DPU history (1 quarters)
ESR REIT 9A4U
High gearing (44.3%)
First REIT AW9U
High gearing (44.6%)
IREIT Global UD1U
High gearing (44.7%)
KORE US REIT CMOU
High gearing (43.7%)
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 (1 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.