CapitaMall Trust (CMT) (SGX:C38U) has been named by Singapore Exchange(SGX) (SGX:S68) as the REIT with the highest indicative dividend yield listed on the STI.

In a periodic newsletter issued to investors, SGX gave a list of 30 STI stocks that provided the highest indicative divided yield at the Friday close. CMT is the only REIT on the list. The indicative dividend yields are sourced from Bloomberg which in turn are sourced by company reports.

CapitaMall Trust is Singapore's premier Retail REIT with shopping malls in prime locations across the island.

Other property related companies on the list included Capitaland Limited, Hong Kong Land and CapitaMalls Asia, CMT's fully owned subsidiary that manages the REIT.

By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.