Performance in the real estate sector generally tracks the economic cycle. During periods of high growth and inflation, real estate investments usually post strong returns. However, during an economic bust, these investments tend to underperform. During these times, companies such as Centurion and IREIT Global generate high dividend income to shareholders. I’ve identify the following real estate stocks paying high income, which may increase the value of your portfolio.

Centurion Corporation Limited (SGX:OU8)

OU8 has a wholesome dividend yield of 3.92% and is distributing 51.68% of earnings as dividends . The company’s 3.92% dividend is both above the low risk savings rate and among the markets top payers. More on Centurion here.

IREIT Global (SGX:UD1U)

UD1U has a sumptuous dividend yield of 7.16% and the company has a payout ratio of 78.35% , and analysts are expecting the payout ratio in three years to hit 99.42%. Besides capital gain prospects, just the yield is higher than the low risk savings rate – enticing for investors with goals of beating their bank accounts. Plus, a 7.16% yield places it amidst the market’s top dividend payers. The company has a lower PE ratio than the SG REITs industry, which interested investors would be happy to see. The company’s PE is currently 10.4 while the industry is sitting higher at 15. More on IREIT Global here.

Ascendas India Trust (SGX:CY6U)

CY6U has an appealing dividend yield of 5.77% and distributes 39.42% of its earnings to shareholders as dividends , with the expected payout in three years being 98.57%. Although investors would have seen a few years of reduced payments, it has so far always picked up again, with dividends increasing from S$0.03 to S$0.058 over the past 10 years. The company’s latest earnings per share figure was SGD0.13, up 12.99% from the previous year. More on Ascendas India Trust here.

For more solid dividend payers to add to your portfolio, you can use our free platform to explore our interactive list of top dividend payers.
To help readers see pass the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. Note that our analysis does not factor in the latest price sensitive company announcements.

The author is an independent contributor and at the time of publication had no position in the stocks mentioned.