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Screener
Companies we cover, plus screens for dividends, S-REITs and insider buys.
S-REIT screener
How much debt sits behind each S-REIT's yield, and does the rent cover it?
Every S-REIT we track, with gearing, interest cover, the gap between property yield and cost of debt, and price against NAV, from each REIT's latest results.
16 of 16 S-REITs · prices as of 19 Oct 2026 · report figures checked 19 Oct 2026
| Price | Income and debt cost | Balance sheet | Portfolio | Track record | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Results | |||||||||||||||
 CapitaLand India TrustCY6UCapitaLand India Trust | Office | S$0.87 | 0.71x | 9.08% | 8.06% | 5.60% | At least 2 points of spread. 2.46 pts | At or under the 40% rule of thumb. 38.0% | Below 3x: check the rate-rise sensitivity in the deck. 2.9x | 75% | 2.6 yrs | 91.0% | — | +6.47% ▲ | |
 Digital Core REITDCRUDigital Core REIT | Data centre | US$0.44 | 0.56x | 8.18% | 4.61% | 3.60% | Under 2 points: property income barely clears the cost of debt. 1.01 pts | At or under the 40% rule of thumb. 39.2% | At or above the 3x rule of thumb. 3.2x | 70% | 3.3 yrs | 97.0% | 4.3 yrs | — | |
 CapitaLand Ascott TrustHMNCapitaLand Ascott Trust | Hospitality | S$0.805 | 0.70x | 7.59% | — | 2.80% | — | At or under the 40% rule of thumb. 37.7% | Below 3x: check the rate-rise sensitivity in the deck. 2.9x | 77% | 3.5 yrs | — | — | +42.15% ▲ | |
 Starhill Global REITP40UStarhill Global REIT | Retail | S$0.495 | 0.70x | 7.43% | 5.50% | 3.66% | Under 2 points: property income barely clears the cost of debt. 1.84 pts | At or under the 40% rule of thumb. 35.8% | At or above the 3x rule of thumb. 3.1x | 80% | 3.3 yrs | 97.2% | 7.3 yrs | +14.81% ▲ | |
 CDL Hospitality TrustsJ85CDL Hospitality Trusts | Hospitality | S$0.685 | 0.50x | 7.26% | — | 2.80% | — | At or under the 40% rule of thumb. 35.3% | Below 3x: check the rate-rise sensitivity in the deck. 2.3x | 74% | — | — | — | −5.54% ▼ | |
 Mapletree Industrial TrustME8UMapletree Industrial Trust | Industrial, data centre | S$1.75 | 1.07x | 7.17% | 6.72% | 3.20% | At least 2 points of spread. 3.52 pts | At or under the 40% rule of thumb. 37.5% | At or above the 3x rule of thumb. 4.0x | 73% | 3.4 yrs | 90.7% | 4.5 yrs | +1.72% ▲ | |
 CapitaLand Ascendas REITA17UCapitaLand Ascendas REIT | Industrial | S$2.17 | 0.96x | 6.92% | 5.89% | 3.50% | At least 2 points of spread. 2.39 pts | At or under the 40% rule of thumb. 39.7% | At or above the 3x rule of thumb. 3.5x | 70% | 2.5 yrs | 89.1% | 4.0 yrs | −1.69% ▼ | |
 Mapletree Pan Asia Commercial TrustN2IUMapletree Pan Asia Commercial Trust | Retail, office | S$1.15 | 0.66x | 6.89% | 4.12% | 2.94% | Under 2 points: property income barely clears the cost of debt. 1.18 pts | At or under the 40% rule of thumb. 37.7% | At or above the 3x rule of thumb. 3.3x | 77% | 3.3 yrs | 84.4% | 2.3 yrs | +2.84% ▲ | |
 Mapletree Logistics TrustM44UMapletree Logistics Trust | Logistics | S$1.07 | 0.85x | 6.79% | 4.77% | 2.60% | At least 2 points of spread. 2.17 pts | Above 40%: read how the REIT plans to bring it down. 40.5% | Below 3x: check the rate-rise sensitivity in the deck. 2.9x | 82% | 3.5 yrs | 96.4% | 2.5 yrs | −1.36% ▼ | |
 Frasers Logistics & Commercial TrustBUOUFrasers Logistics & Commercial Trust | Logistics | S$0.89 | 0.79x* | 6.63% | 4.90%* | 3.20% | Under 2 points: property income barely clears the cost of debt. 1.70 pts* | At or under the 40% rule of thumb. 35.4% | At or above the 3x rule of thumb. 4.6x | 69% | 3.0 yrs | 96.1% | 4.9 yrs | −3.53% ▼ | |
 Keppel DC REITAJBUKeppel DC REIT | Data centre | S$2.05 | 1.18x | 6.45% | 6.81% | 2.60% | At least 2 points of spread. 4.21 pts | At or under the 40% rule of thumb. 34.0% | At or above the 3x rule of thumb. 6.9x | 87% | 3.1 yrs | 92.5% | 6.7 yrs | −0.98% ▼ | |
 Frasers Centrepoint TrustJ69UFrasers Centrepoint Trust | Retail | S$2.05 | 0.91x* | 5.90% | 4.98%* | 3.00% | Under 2 points: property income barely clears the cost of debt. 1.98 pts* | Above 40%: read how the REIT plans to bring it down. 40.4% | At or above the 3x rule of thumb. 3.6x* | 66% | 3.7 yrs | 99.6% | 1.7 yrs* | +5.86% ▲ | |
 Suntec REITT82USuntec REIT | Retail, office | S$1.36 | 0.67x | 5.75% | 4.03% | 3.55% | Under 2 points: property income barely clears the cost of debt. 0.48 pts | Above 40%: read how the REIT plans to bring it down. 43.0% | Below 3x: check the rate-rise sensitivity in the deck. 2.2x | 57% | 2.1 yrs | — | — | −2.78% ▼ | |
 CapitaLand Integrated Commercial TrustC38UCapitaLand Integrated Commercial Trust | Retail, office | S$2.23 | 1.04x | 4.77% | 4.86% | 2.90% | Under 2 points: property income barely clears the cost of debt. 1.96 pts | At or under the 40% rule of thumb. 37.4% | At or above the 3x rule of thumb. 3.9x | 78% | 4.1 yrs | 95.6% | 3.0 yrs | +0.45% ▲ | |
 Keppel REITK71UKeppel REIT | Office | S$0.83 | 0.67x | 4.20% | 4.30% | 3.27% | Under 2 points: property income barely clears the cost of debt. 1.03 pts | At or under the 40% rule of thumb. 40.0% | Below 3x: check the rate-rise sensitivity in the deck. 2.7x | 62% | 2.5 yrs | 96.0% | 4.5 yrs | +11.23% ▲ | |
 Parkway Life REITC2PUParkway Life REIT | Healthcare | S$4.03 | 1.57x | 4.07% | 5.65% | 1.67% | At least 2 points of spread. 3.98 pts | At or under the 40% rule of thumb. 33.8% | At or above the 3x rule of thumb. 8.2x | 96% | 2.8 yrs | — | — | −5.85% ▼ | |
Report metrics are typed by hand from each REIT's latest results on SGX and dated per row. Property yield is annualised net property income over investment properties; yield spread is that less the average cost of debt. Price to NAV uses the latest price snapshot.
A REIT's yield is rent passed on to you. Before trusting a high one, check how much debt sits behind it, whether the rent covers the interest with room to spare, and how the price compares with what the buildings are worth.
Health check
No REIT is safe. Some are sturdier than others.
Six pictures, one per check, with every REIT we track placed by its own numbers. A ring in green means within the rule of thumb; red means worth a closer look. Treat each one as a reason to dig deeper.
First, where the rent goes
Every S$100 of rent at Mapletree Logistics Trust
Each square is S$1 of gross revenue in the quarter. Interest is the slice the debt checks below are about: the more borrowed, and the dearer it is, the bigger the red block and the smaller the purple one left for unitholders.
1Q FY26/27, 3 months to 30 Jun 2026. Gross revenue S$178.9m. “Fees, tax and other” is the balance after the reported lines. MLT 1Q FY26/27 results presentation, slide 7 ↗
- 13%Running the buildingsProperty expenses
- 21%InterestBorrowing costs
- 11%Fees, tax and otherThe balance
- 3%Perpetual securitiesPaid before unitholders
- 52%UnitholdersDistributable to you
- 1
Gearing
About 40% or lessHow much of the buildings is paid for with borrowed money. Lower leaves room if property values fall.
How it's measured
Aggregate leverage: borrowings over deposited property, including the REIT's share of joint ventures. MAS caps S-REITs at 50%, provided interest cover stays at 1.5x or more. Around 40% is a common comfort level, not a rule: a fall in valuations raises gearing even when the debt doesn't change.
Rule of thumb 40%MAS cap 50%Parkway Life REIT: 33.8%C2PUKeppel DC REIT: 34.0%AJBUCDL Hospitality Trusts: 35.3%J85Frasers Logistics & Commercial Trust: 35.4%BUOUStarhill Global REIT: 35.8%P40UCapitaLand Integrated Commercial Trust: 37.4%C38UMapletree Industrial Trust: 37.5%ME8UMapletree Pan Asia Commercial Trust: 37.7%N2IUCapitaLand Ascott Trust: 37.7%HMNCapitaLand India Trust: 38.0%CY6UDigital Core REIT: 39.2%DCRUCapitaLand Ascendas REIT: 39.7%A17UKeppel REIT: 40.0%K71UFrasers Centrepoint Trust: 40.4%J69UMapletree Logistics Trust: 40.5%M44USuntec REIT: 43.0%T82U30%40%50%52%Rule of thumb 40%MAS cap 50%Parkway Life REIT: 33.8%C2PUKeppel DC REIT: 34.0%AJBUCDL Hospitality Trusts: 35.3%J85Frasers Logistics & Commercial Trust: 35.4%BUOUStarhill Global REIT: 35.8%P40UCapitaLand Integrated Commercial Trust: 37.4%C38UMapletree Industrial Trust: 37.5%ME8UMapletree Pan Asia Commercial Trust: 37.7%N2IUCapitaLand Ascott Trust: 37.7%HMNCapitaLand India Trust: 38.0%CY6UDigital Core REIT: 39.2%DCRUCapitaLand Ascendas REIT: 39.7%A17UKeppel REIT: 40.0%K71UFrasers Centrepoint Trust: 40.4%J69UMapletree Logistics Trust: 40.5%M44USuntec REIT: 43.0%T82U30%40%50%52% - 2
Interest cover
About 3x or moreHow many times over the rent pays the interest bill. Below about 3 times, higher rates bite fast.
How it's measured
Trailing 12-month EBITDA over interest and borrowing costs, with perpetual securities' distributions counted the MAS way. Most decks also show the ratio if rates rise 1 percentage point; read that line too.
MAS floor 1.5xRule of thumb 3xSuntec REIT: 2.2xT82UCDL Hospitality Trusts: 2.3xJ85Keppel REIT: 2.7xK71UMapletree Logistics Trust: 2.9xM44UCapitaLand Ascott Trust: 2.9xHMNCapitaLand India Trust: 2.9xCY6UStarhill Global REIT: 3.1xP40UDigital Core REIT: 3.2xDCRUMapletree Pan Asia Commercial Trust: 3.3xN2IUCapitaLand Ascendas REIT: 3.5xA17UFrasers Centrepoint Trust: 3.6xJ69UCapitaLand Integrated Commercial Trust: 3.9xC38UMapletree Industrial Trust: 4.0xME8UFrasers Logistics & Commercial Trust: 4.6xBUOUKeppel DC REIT: 6.9xAJBUParkway Life REIT: 8.2x8.2x →1x1.5x3x7xMAS floor 1.5xRule of thumb 3xSuntec REIT: 2.2xT82UCDL Hospitality Trusts: 2.3xJ85Keppel REIT: 2.7xK71UMapletree Logistics Trust: 2.9xM44UCapitaLand Ascott Trust: 2.9xHMNCapitaLand India Trust: 2.9xCY6UStarhill Global REIT: 3.1xP40UDigital Core REIT: 3.2xDCRUMapletree Pan Asia Commercial Trust: 3.3xN2IUCapitaLand Ascendas REIT: 3.5xA17UFrasers Centrepoint Trust: 3.6xJ69UCapitaLand Integrated Commercial Trust: 3.9xC38UMapletree Industrial Trust: 4.0xME8UFrasers Logistics & Commercial Trust: 4.6xBUOUKeppel DC REIT: 6.9xAJBUParkway Life REIT: 8.2x8.2x →1x1.5x3x7x - 3
Yield spread
About 2 points or moreDo the buildings earn clearly more than the money borrowed to buy them costs?
How it's measured
Property yield (annualised net property income over investment properties) less the average cost of debt. Approximate: a half-year or quarter is annualised, valuations are from the last appraisal, and properties held through joint ventures sit outside both numbers.
Cost of debt Property yield- Keppel DC REITAJBU4.21 pts
- Parkway Life REITC2PU3.98 pts
- Mapletree Industrial TrustME8U3.52 pts
- CapitaLand India TrustCY6U2.46 pts
- CapitaLand Ascendas REITA17U2.39 pts
- Mapletree Logistics TrustM44U2.17 pts
- Frasers Centrepoint TrustJ69U1.98 pts
- CapitaLand Integrated Commercial TrustC38U1.96 pts
- Starhill Global REITP40U1.84 pts
- Frasers Logistics & Commercial TrustBUOU1.70 pts
- Mapletree Pan Asia Commercial TrustN2IU1.18 pts
- Keppel REITK71U1.03 pts
- Digital Core REITDCRU1.01 pts
- Suntec REITT82U0.48 pts
The faint tick on each row sits 2 points above the cost of debt. A property yield dot past it clears the rule of thumb. Hotel trusts are left out.
- 4
Price to NAV
Against its own historyLeft of the line you pay less than the last valuation of the buildings. That can be a bargain, or doubt about the valuation.
How it's measured
Latest price over the latest NAV per unit. Compare a REIT with its own past range rather than with other REITs: some sectors and sponsors trade at a lasting premium or discount. We don't yet track each REIT's 5-year average, so no ring here.
Price = NAVCDL Hospitality Trusts: 0.50xJ85Digital Core REIT: 0.56xDCRUMapletree Pan Asia Commercial Trust: 0.66xN2IUKeppel REIT: 0.67xK71USuntec REIT: 0.67xT82UStarhill Global REIT: 0.70xP40UCapitaLand Ascott Trust: 0.70xHMNCapitaLand India Trust: 0.71xCY6UFrasers Logistics & Commercial Trust: 0.79xBUOUMapletree Logistics Trust: 0.85xM44UFrasers Centrepoint Trust: 0.91xJ69UCapitaLand Ascendas REIT: 0.96xA17UCapitaLand Integrated Commercial Trust: 1.04xC38UMapletree Industrial Trust: 1.07xME8UKeppel DC REIT: 1.18xAJBUParkway Life REIT: 1.57xC2PU0.4x1x1.6xPrice = NAVCDL Hospitality Trusts: 0.50xJ85Digital Core REIT: 0.56xDCRUMapletree Pan Asia Commercial Trust: 0.66xN2IUKeppel REIT: 0.67xK71USuntec REIT: 0.67xT82UStarhill Global REIT: 0.70xP40UCapitaLand Ascott Trust: 0.70xHMNCapitaLand India Trust: 0.71xCY6UFrasers Logistics & Commercial Trust: 0.79xBUOUMapletree Logistics Trust: 0.85xM44UFrasers Centrepoint Trust: 0.91xJ69UCapitaLand Ascendas REIT: 0.96xA17UCapitaLand Integrated Commercial Trust: 1.04xC38UMapletree Industrial Trust: 1.07xME8UKeppel DC REIT: 1.18xAJBUParkway Life REIT: 1.57xC2PU0.4x1x1.6x - 5
Payout per unit over 5 years
Growing, allowing for dipsIs your slice growing? A bigger REIT isn't better for you if the income is shared across more units.
How it's measured
Yearly growth of distributions per unit over the last 5 full years, from the price snapshot. Forgive one-off drops in 2020 (Covid) and 2023–24 (the rate rise) if the trend recovers; a low 2020 base also flatters the hotel trusts. NAV per unit history isn't in the table yet.
ShrinkingNo growthParkway Life REIT: −5.9%C2PUCDL Hospitality Trusts: −5.5%J85Frasers Logistics & Commercial Trust: −3.5%BUOUSuntec REIT: −2.8%T82UCapitaLand Ascendas REIT: −1.7%A17UMapletree Logistics Trust: −1.4%M44UKeppel DC REIT: −1.0%AJBUCapitaLand Integrated Commercial Trust: +0.4%C38UMapletree Industrial Trust: +1.7%ME8UMapletree Pan Asia Commercial Trust: +2.8%N2IUFrasers Centrepoint Trust: +5.9%J69UCapitaLand India Trust: +6.5%CY6UKeppel REIT: +11.2%K71UStarhill Global REIT: +14.8%P40UCapitaLand Ascott Trust: +42.1%+42.1% →−8%0%+16%ShrinkingNo growthParkway Life REIT: −5.9%C2PUCDL Hospitality Trusts: −5.5%J85Frasers Logistics & Commercial Trust: −3.5%BUOUSuntec REIT: −2.8%T82UCapitaLand Ascendas REIT: −1.7%A17UMapletree Logistics Trust: −1.4%M44UKeppel DC REIT: −1.0%AJBUCapitaLand Integrated Commercial Trust: +0.4%C38UMapletree Industrial Trust: +1.7%ME8UMapletree Pan Asia Commercial Trust: +2.8%N2IUFrasers Centrepoint Trust: +5.9%J69UCapitaLand India Trust: +6.5%CY6UKeppel REIT: +11.2%K71UStarhill Global REIT: +14.8%P40UCapitaLand Ascott Trust: +42.1%+42.1% →−8%0%+16% - 6
Fixed-rate debt and maturities
Mostly fixed, staggeredHow much a jump in rates would hurt next year, and whether many loans come due at once.
How it's measured
A majority of borrowings on fixed or hedged rates and an average maturity of about 3 years or more, with no single year carrying a large share of the debt. Hedges roll off too, so check when the cheap ones expire.
Mostly fixed, longer datedCapitaLand Integrated Commercial Trust: 78% fixed, 4.1 yearsC38UCapitaLand Ascendas REIT: 70% fixed, 2.5 yearsA17UMapletree Logistics Trust: 82% fixed, 3.5 yearsM44UMapletree Industrial Trust: 73% fixed, 3.4 yearsME8UMapletree Pan Asia Commercial Trust: 77% fixed, 3.3 yearsN2IUFrasers Logistics & Commercial Trust: 69% fixed, 3.0 yearsBUOUFrasers Centrepoint Trust: 66% fixed, 3.7 yearsJ69UKeppel DC REIT: 87% fixed, 3.1 yearsAJBUKeppel REIT: 62% fixed, 2.5 yearsK71USuntec REIT: 57% fixed, 2.1 yearsT82UCapitaLand Ascott Trust: 77% fixed, 3.5 yearsHMNParkway Life REIT: 96% fixed, 2.8 yearsC2PUDigital Core REIT: 70% fixed, 3.3 yearsDCRUStarhill Global REIT: 80% fixed, 3.3 yearsP40UCapitaLand India Trust: 75% fixed, 2.6 yearsCY6U2 yrs3 yrs4 yrsYears to maturity ↑50%70%100%Share of debt at fixed or hedged rates →
What the numbers can't tell you
Start with who stands behind each REIT. A deep-pocketed sponsor can feed it buildings to buy and back it in a downturn; it also earns fees from it.
- CapitaLandCapitaLand Integrated Commercial TrustC38UCapitaLand Ascendas REITA17UCapitaLand Ascott TrustHMNCapitaLand India TrustCY6U
- MapletreeMapletree Logistics TrustM44UMapletree Industrial TrustME8UMapletree Pan Asia Commercial TrustN2IU
- Frasers PropertyFrasers Logistics & Commercial TrustBUOUFrasers Centrepoint TrustJ69U
- KeppelKeppel DC REITAJBUKeppel REITK71U
- City DevelopmentsCDL Hospitality TrustsJ85
- Digital RealtyDigital Core REITDCRU
- ESR GroupSuntec REITT82U
- IHH HealthcareParkway Life REITC2PU
- YTL CorporationStarhill Global REITP40U
- Tenants. How much rent comes from the top 10, and how sound they are.
- Trends. One quarter of occupancy or WALE tells you little; a slide over several does.
- Land lease. Leasehold buildings lose value as the lease runs down.
- Currency. Overseas rent and debt move with exchange rates.
Logos are trademarks of their owners, shown only to identify each REIT. REITs from one sponsor share its mark.
A screen is a reason to dig deeper, not a buy list. Past dividends and returns don't promise future ones. Prices and dividends: Yahoo Finance, snapshot updated weekly. S-REIT report figures: each REIT's results on SGX, typed by hand after each results season. Insider buys: SEC filings and US House reports. Beta computed by rasinbunlover. For education only. Not financial advice.