Gearing ratio — total debt divided by total assets — is the single most important balance-sheet metric for a REIT. The MAS caps it at 50%, and REITs near the cap face refinancing risk, dilutive equity raises, and limited firepower for acquisitions when opportunities appear.

The S-REITs listed here all operate below 35% gearing, comfortably below the regulatory cap and the sector median (~40%). They sacrifice some return-on-equity efficiency for financial resilience — the ability to weather a downturn or seize an acquisition when others can't. In a high-interest-rate environment, low gearing is a genuine competitive advantage.

# REIT Price Gearing Yield P/NAV Sector
1 AIMS APAC REIT S$1.500 24.9% 6.52% 1.18 Industrial
2 Sasseur REIT S$0.695 25.6% 8.83% 0.84 Retail
3 Centurion Accommodation REIT S$1.140 29.9% 5.74% 1.30 Hospitality
4 NTT DC REIT US$0.950 31.0% 7.98% 0.83 Data Centre
5 Far East Hospitality Trust S$0.555 32.8% 6.67% 0.63 Hospitality
6 Parkway Life REIT S$4.160 33.8% 3.67% 1.62 Healthcare
7 Keppel DC REIT S$2.260 34.0% 4.59% 1.31 Data Centre
8 Elite UK REIT £0.310 34.8% 9.77% 0.71 Office
9 Alpha Integrated REIT S$0.485 34.9% 7.22% 0.92 Industrial
Disclaimer: This page is generated automatically from public data on Singapore REITs (S-REITs). Numbers reflect the latest daily sync from official sources and are provided for informational purposes only. Nothing here is investment advice. Always verify data with the REIT's own investor-relations disclosures before making any investment decision. Rankings are based on the metric described in the intro and may change as prices and fundamentals move.