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Continue reading →: S-REITs Pull Back Again: Are Prices Disconnecting from Fundamentals?
Executive Summary Singapore REITs have retreated in early 2026 as bond yields moved sharply higher and expectations for rate cuts were pushed back. The sector’s decline—driven largely by macro repricing—has raised a key question: are falling REIT prices signalling deteriorating fundamentals, or simply reflecting a higher cost of capital? This…
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Continue reading →: CLAR Preferential Offering: Should You Subscribe (vs Lendlease REIT Comparison)
Executive Summary CapitaLand Ascendas REIT (CLAR) (SGX: A17U) and Lendlease Global Commercial REIT (SGX: JYEU) recently completed equity fund raisings with sharply different outcomes. CLAR’s placement was oversubscribed, while Lendlease REIT’s preferential offering saw weak take-up. This divergence reflects a more selective S-REIT market, where capital is directed toward scale,…
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Continue reading →: Elite UK REIT Lease Re-Gear: From a 95% Expiry Cliff to a More Durable Income Profile
Executive Summary Elite UK REIT’s (SGX: MXNU) investment case has shifted materially following a major lease re-gear with its primary tenant, the UK government. Previously, the REIT faced a concentrated lease expiry risk in 2028, where nearly all income was due for renewal at once—creating a structural “cliff” that weighed…
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Continue reading →: Gold at Record Highs: Does Gold Still Belong in a Portfolio, and How Does the LionGlobal Gold ETF Compare?
Executive Summary Gold has surged to repeated record highs, prompting investors to reassess its role in modern portfolios. While traditionally viewed as a hedge against crises, inflation, and monetary instability, its recent strong performance raises an important question: does gold still serve a useful purpose when prices already appear elevated?…
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Continue reading →: Singapore Dividend Stocks and REITs: 10 Ideas for Defensive SGD Income
Executive Summary Periods of geopolitical tension and macro uncertainty often push investors toward assets that offer greater visibility and stability. In recent months, volatility linked to Middle East tensions, energy prices, and global macro shifts has reminded investors that market sentiment can change quickly. Against this backdrop, Singapore has increasingly…
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Continue reading →: Sheng Siong’s Share Price Fell Despite Good FY2025 Results – Temporary Blip, or a Fair Valuation Reset?
Executive Summary This article examines why Sheng Siong’s (SGX: OV8) share price fell more than 10% from its early-February 2026 peak even though the supermarket operator reported solid FY2025 results, raised its dividend, and continued to expand its store network. The central question is whether the decline reflects a market…
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Continue reading →: UI Boustead REIT IPO Analysis: What the Forecast Yield of 7.8% Depends On
Executive Summary UI Boustead REIT (SGX: UIBU) is being positioned as a Singapore-focused industrial platform with a meaningful Japan sleeve, a relatively long WALE, and a forecast yield that stands out within the sector. The central issue, however, is not the headline yield by itself, but whether the portfolio’s sub-90%…
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Continue reading →: Lendlease Global Commercial REIT’s 2026 Fund Raise: PLQ, Dilution and Balance Sheet Trade-offs
Executive Summary Lendlease Global Commercial REIT (SGX: JYEU) has returned to the equity market with another fund raise, extending a multi-year sequence of divestments, acquisitions and capital actions that has shaped investor confidence. In a higher-rate environment, the market’s focus has shifted from asset quality alone to balance sheet resilience—particularly…
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Continue reading →: SBS Transit’s Headline 15% Yield: Sustainability and ComfortDelGro Implications
Executive Summary SBS Transit’s (SGX: S61) FY2025 dividend announcement triggered outsized attention because the headline yield looks exceptionally high, largely due to a sizeable special dividend. At the same time, the underlying results were weaker year-on-year, driven by lower bus revenue following a bus package loss, which makes sustainability the…
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Continue reading →: Designing Durable ETF Income Streams in Singapore for 2026
Executive Summary Dividend yields across Singapore income assets have compressed as equity prices recovered from the earlier interest-rate repricing period, while macro uncertainty remains elevated due to shifting rate expectations, credit sensitivity and episodic geopolitical risks. In this environment, income investors face a structural tension: valuations are higher and headline…
Independent research and analysis on Singapore-listed REITs and income-oriented investments, with a focus on long-term portfolio construction and income durability.
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Welcome to ‘The Dividend Uncle’s Take’ — where I share clear, independent insights on Singapore REITs, dividend stocks, ETFs, and income-focused investing. Everything I write is grounded in my own research and real investing experience. No hype — just long-term thinking and skin in the game. Let’s grow our income portfolios steadily, one dividend at a time.
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