Is CICT’s 2025 dividend growth sustainable?

CICT’s outlook is supported by asset recycling and steady occupancy. Its dividend yield is about 4.8%, with an 80% payout, interest coverage of 3.79x, and debt-to-assets of 36.5%. Valuation sits near 1.12x P/B. These metrics suggest room to maintain distributions if leasing and capital recycling progress as planned.

How could the RTS link affect FCT’s dividends?

The RTS could increase commuter flows and support suburban spending near border catchments, but cross-border competition may also intensify. FCT’s yield is around 5.34%, while its payout ratio of about 106% limits buffers. We would track rent reversions, tenant sales, and occupancy to gauge dividend stability post-RTS opening.

Is MPACT’s 5.6% yield safe?

MPACT’s 5.57% yield is backed by a ~62% payout and 4.12x interest coverage, offering better headroom than many peers. That said, North Asia assets and softer occupancy remain risks. We would watch 2026 leasing progress and debt costs. The current ~0.82x P/B suggests value if operations stabilise.

Which S-REIT suits an income-first portfolio now?

For stability, CICT stands out as a core holding. FCT offers higher yield and an RTS catalyst, but needs tighter payout control. MPACT adds value with risks. We would diversify across two to three names, add on weakness, and focus on the best singapore dividend stocks with stronger coverage and lower gearing.

Global Market Insights

S-REITs February 20: CICT DPU Up, FCT RTS Risk, MPACT Mixed Outlook

ByHuzaifa Zahoor February 20, 2026February 20, 2026

Investors hunting the best singapore dividend stocks will find S-REITs back in focus on 20 February. CapitaLand Integrated Commercial Trust (CICT) guided to higher 2025 DPU and is recycling capital into stronger assets. Frasers Centrepoint Trust is refreshing its tenant mix ahead of the Johor Bahru–Singapore RTS link. Mapletree Pan Asia Commercial Trust shows a mixed setup: lower funding costs support DPU, but North Asia assets and softer occupancy weigh. With yields around 4.8% to 5.6% and a gentler rate path, we think balance-sheet strength, interest coverage, and portfolio quality matter more than headline yield.