Methodology

Data sources

• Price & yield: Yahoo Finance, refreshed daily 02:00 UTC.
• REIT fundamentals: SGX disclosures + manager presentations (occupancy, payout, gearing, WALE).
• Distribution history: ex-dividend records from Yahoo Finance, used for 5y growth and aristocrat status.
• Inflation: Singapore CPI from World Bank for real-yield calculations.

Distribution cut-risk score

0–100 composite. Each of four components is worth 25 points:

• Payout ratio < 90% — headroom for cash-flow shocks.
• Coverage > 1.1× — FFO comfortably covers DPU.
• Occupancy > 90% — portfolio leased, not structurally vacant.
• Gearing < 40% — well under the 50% regulatory cap, refinancing flexibility intact.

A REIT can score 0 (all thresholds breached) to 100 (all four pass). Where a component is unmeasured, no points are awarded — a partially- measured REIT can only reach a capped score.

Aristocrat status

A REIT qualifies as an “aristocrat” if it has paid distributions every calendar year for at least 10 consecutive years with no annual gaps and no overall cut (year-over-year total DPU did not decrease).

What this site does NOT do

• We don't give buy/sell/hold recommendations.
• We don't adjust for taxes — withholding, SRS, CDP treatment vary per holder and we're not tax advisors.
• We don't forecast future yields or NAV.
• Data is delayed and may have errors. Always verify against the manager's primary disclosures before acting.