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Continue reading →: Five S-REITs Under a Tougher Rate Regime: Where the Risks Differ
Executive Summary The Federal Reserve’s renewed rate tightening has put financing risk back at the centre of the REIT debate. But the relevant question is not whether higher rates are uniformly negative for S-REITs. It is which balance sheets and portfolios have enough operating and financial resilience to absorb a…
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Continue reading →: DFI, SATS and CDL After the Pullback: Has the Recovery Stalled?Executive Summary DFI Retail Group (SGX: D01), SATS (SGX: S58) and City Developments Limited (CDL) (SGX: C09) have all experienced substantial corporate change and strong share-price recoveries, followed by meaningful pullbacks. The common question is whether those corrections signal deteriorating fundamentals or simply lower market expectations. The evidence points to…
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Continue reading →: Singapore vs US Equities After Two Years of STI Outperformance: Valuation, Rates and Portfolio RolesExecutive Summary Singapore equities have materially outperformed the US market across 2025 and 2026 year-to-date. The STI delivered a 28.57% total return in 2025 versus 17.88% for the S&P 500, followed by a further 28.29% through August 2026 versus 13.14% for the S&P 500. The divergence reflects both dividends and…
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Continue reading →: Four Smaller Industrial S-REITs Compared: What Are 6%–10% Yields Really Pricing In?Executive Summary AIMS APAC REIT (SGX: O5RU), Alpha Integrated REIT (SGX: M1GU), UI Boustead REIT (SGX: UIBU) and ESR-REIT (SGX: 9A4U) offered indicative annualised or forecast distribution yields ranging from approximately 6.3% to 9.7% based on prices around late August 2026. Yet current operating performance alone does not explain this…
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Continue reading →: 3031.HK vs JEPE.L: Two Monthly Income ETFs, Two Very Different Yield Engines
Executive Summary Monthly distributions can make portfolio cash flow easier to manage, but payment frequency alone says little about income quality. Fullgoal Hang Seng HK High Dividend ETF (3031.HK) and JPM Europe Equity Premium Income Active UCITS ETF (JEPE.L) both target monthly payouts, yet the economics are fundamentally different: 3031…
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Continue reading →: KIT, VICOM and Credit Bureau Asia: Comparing the Quality of Their Dividend IncomeExecutive Summary Keppel Infrastructure Trust or KIT (SGX: A7RU), VICOM (SGX: WJP) and Credit Bureau Asia or CBA (SGX: TCU) all appeal to income investors, but their headline yields are driven by very different economics. KIT’s yield requires adjustment for distribution coverage and finite-life cash flows; VICOM’s recent dividend is…
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Continue reading →: Mapletree Industrial Trust: Could the US Data Centre Reset Happen Much Faster?
Executive Summary Mapletree Industrial Trust or MIT (SGX: ME8U) is reportedly marketing 22 US data centres across 15 states, spanning more than 3.1 million sq ft. The portfolio has an aggregate appraised value of about US$1.24 billion, or approximately US$1.07 billion based on MIT’s proportionate interests. MIT has cautioned that…
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Continue reading →: S-REIT Recovery Enters a More Selective Phase: Why CLAR and Digital Core Stand Out While OUE REIT Raises More Questions
Executive Summary The S-REIT recovery is becoming more selective. Falling financing costs and Singapore’s stronger 2026 growth outlook provide a supportive backdrop, but the key differentiators are now operating execution, portfolio quality and capital allocation. CapitaLand Ascendas REIT or CLAR (SGX: A17U) and Digital Core REIT (SGX: DCRU) each present…
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Continue reading →: MIT, MPACT and MLT: Comparing Three Overseas Recovery Paths
Executive Summary The latest results from Mapletree Industrial Trust or MIT (SGX: ME8U) , Mapletree Pan Asia Commercial Trust or MPACT (SGX: N2IU) and Mapletree Logistics Trust or MLT (SGX: M44U) reveal a common pattern: their stronger domestic or ex-China assets remain relatively resilient, while the more material operating drags…
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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