The REIT sector contains several types of REITs with different property sub-sectors.
There are retail REITs that own shopping malls, commercial REITs with office properties, and industrial REITs that own logistics and industrial assets.
Some REITs, however, have a mix of two or more sub-sectors, making them more resilient when a property downturn arrives, as one sub-sector can help cushion the other.
These diversified REITs can also dish out reliable dividends to unitholders through good times and bad.
Here are five diversified REITs that possess distribution yields of 5% or higher.
CapitaLand Integrated Commercial Trust (SGX: C38U)
CapitaLand Integrated Commercial Trust, or CICT, owns 21 properties in Singapore, two in Germany, and three in Australia.
CICT’s portfolio consists of a mix of retail and commercial properties such as Raffles City Shopping Centre and CapitaSpring, both in Singapore.
Its assets under management (AUM) stood at S$25.9 billion as of 31 December 2024.
For the first half of 2025 (1H 2025), gross revenue dipped 0.5% year on year to S$787.6 million while net property income (NPI) slid 0.4% year on year to S$579.9 million.
The drop was because of the divestment of 21 Collyer Quay; a like-for-like comparison will see revenue and NPI rising by 1.4% and 1.7%, respectively, instead.
Despite the lower NPI, distribution per unit (DPU) for CICT still rose 3.5% year on year to S$0.0562.
At the annualised DPU of S$0.1124, CICT’s units provide a forward distribution yield of 5.1%.
The REIT boasts a high portfolio occupancy of 96.3% and registered positive rental reversions of 7.7% and 4.8% for its retail and office portfolios, respectively.
OUE REIT (SGX: OU8)
OUE REIT is a retail, commercial, and hospitality REIT with a total of six Singaporean properties.
The total AUM stood at S$5.8 billion as of the end of 2024.
For 1H 2025, OUE REIT saw revenue fall 10.6% year on year to S$131.1 million while NPI tumbled 10.1% year on year to S$105.3 million.
The decline was because of the absence of contributions from Lippo Plaza Shanghai, which was divested in December last year.
On a like-for-like basis, revenue and NPI would have fallen by a smaller amount of 2.7% and 2%, respectively.
DPU improved by 5.4% year on year to S$0.0098.
The annualised DPU is S$0.0196, which provides investors with a forward distribution yield of 6.1%.
OUE REIT’s Singapore office portfolio boasted a high committed occupancy of 95.5% as of 30 June 2025.
This portfolio also reported a strong 9.1% positive rental reversion for the quarter.
Suntec REIT (SGX: T82U)
Suntec REIT owns the Suntec City Mall, Suntec Convention Centre, and stakes in Marina Bay Financial Centre and One Raffles Quay.
The REIT also owns stakes in commercial properties in the UK and Australia.
For 1H 2025, gross revenue was 3.3% higher than a year ago at S$234.5 million.
NPI improved by 5.6% year on year to S$159.5 million.
The REIT’s DPU increased by 3.7% year on year to S$0.03155, and Suntec REIT’s annualised DPU stood at 5%.
Suntec REIT’s Singapore portfolio boasted a high committed occupancy of 99% for its office division and 98% for its retail division.
Rent reversion also came in strongly positive at 10% for office and 17.2% for retail.
However, its Australian portfolio saw committed occupancy dip to 88.6%, but was compensated by a robust positive rental reversion of 22.9%.
Lendlease Global Commercial REIT (SGX: JYEU)
Lendlease Global Commercial REIT, or LREIT, owns Jem (an office and retail building) and 313 @ Somerset retail mall, both in Singapore.
The REIT also owns a freehold interest in Sky Complex in Milan, which comprises three Grade A office buildings. These five properties have a total AUM of around S$3.76 billion as of 30 June 2025.
For its fiscal 2025 (FY2025) ending 30 June 2025, gross revenue dipped by 6.5% year on year to S$206.5 million.
NPI fell by 10% year on year to S$148.8 million.
DPU tumbled 6.9% year on year to S$0.036.
At S$0.58, LREIT provides a trailing distribution yield of 6.2%.
Portfolio committed occupancy stood at 92.1% as of 30 June 2025, and the retail portion registered a positive rental reversion of 10.2%.
Frasers Logistics & Commercial Trust (SGX: BUOU)
Frasers Logistics & Commercial Trust, or FLCT, owns a portfolio of 114 properties across Singapore, Australia, Germany, the UK, and the Netherlands.
FLCT’s portfolio AUM stood at S$6.9 billion as of 30 June 2025.
The REIT reported a mixed set of earnings for its first half of fiscal 2025 (1H FY2025) ending 31 March 2025.
Revenue rose 7.5% year on year to S$232.3 million, while adjusted NPI inched up 1.6% year on year to S$161.3 million.
DPU tumbled 13.8% year on year to S$0.03 because of a jump in finance costs.
FLCT’s annualised DPU stood at S$0.06, and its shares provide a forward distribution yield of 6.7%.
For its 3Q FY2025 business update, the REIT saw a high occupancy rate of 92.5%.
Portfolio rental reversion also came in high at 43.3%.
The REIT’s aggregate leverage stood at 36.8% with a cost of debt of 3.1%, allowing the REIT to tap into borrowings for yield-accretive acquisitions.
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Disclosure: Royston Yang owns shares of Suntec REIT and Frasers Logistics & Commercial Trust.
