Top 20 best yielding reits from Australia, Singapore, Canada and US. And the winner is...

The country that has the highest average yielding reit is...

Today's article will be a little bit more fun. We will be comparing some of highest yielding reits in Australia, Singapore, Canada, US and see which country gives the highest dividend average yield to it's unitholders. 

With that said, let's start with Australia's real estate investment trusts, also known as 'A-reits'. There are more than 54 reits in Australia and here are the top 20 highest yielding A-reit. 

Ticker	Name	Gearing % Latest filing	P/B	Yield % 1st June Prices
HPI AU Equity	HOTEL PROPERTY INVESTMENTS	37.04	1.19	10.36
USR AU Equity	US RESIDENTIAL FUND	21.72	0.61	10.00
CIP AU Equity	CENTURIA INDUSTRIAL REIT	42.65	1.06	8.49
CMW AU Equity	CROMWELL PROPERTY GROUP	44.27	1.10	8.42
GDI AU Equity	GDI PROPERTY GROUP	32.57	0.94	7.43
CUA AU Equity	CENTURIA URBAN REIT	19.41	1.01	7.39
CMA AU Equity	CENTURIA METROPOLITAN REIT	31.45	1.04	7.19
BWR AU Equity	BLACKWALL PROPERTY TRUST	41.58	0.91	7.07
IDR AU Equity	INDUSTRIA REIT	35.30	1.09	7.07
TOT AU Equity	360 CAPITAL TOTAL RETURN	-	0.85	6.45
CQR AU Equity	CHARTER HALL RETAIL REIT	32.21	1.07	6.41
VCX AU Equity	VICINITY CENTRES	23.23	0.97	6.30
GOZ AU Equity	GROWTHPOINT PROPERTIES	42.52	1.24	6.20
NSR AU Equity	NATIONAL STORAGE REIT	44.02	1.13	6.05
APZ AU Equity	ASPEN GROUP	-	0.78	5.93
AJA AU Equity	ASTRO JAPAN PROPERTY GROUP	-	0.87	5.82
AJD AU Equity	ASIA PACIFIC DATA CENTRE	12.90	1.17	5.79
BWP AU Equity	BWP TRUST	21.20	1.19	5.53
SCP AU Equity	SHOPPING CENTRES AUST	31.79	1.11	5.37
SGP AU Equity	STOCKLAND	22.46	1.18	5.18
Average		26.82	1.03	6.92

Next we look at, sunny island Singapore and just in case if you dont know, Singapore is not part of China. (Some of our readers were quite surprised that there were so many reits listed in the latter), but we digress. Singapore has 37 listed reits, also known as S-REITs and their top 20 yielding reits are...

Ticker	Name	Gearing % Latest filing	P/B	Yield % 1st June Prices
SSREIT SP Equity	SABANA SHARIAH COMP IND REIT	42.81	0.56	9.80
ASCHT SP Equity	ASCENDAS HOSPITALITY TRUST	32.17	0.86	8.88
SBREIT SP Equity	SOILBUILD BUSINESS SPACE REI	37.01	0.96	8.71
IREIT SP Equity	IREIT GLOBAL	41.40	1.16	8.58
VIT SP Equity	VIVA INDUSTRIAL TRUST	38.79	1.06	8.54
CACHE SP Equity	CACHE LOGISTICS TRUST	42.87	1.14	8.51
LMRT SP Equity	LIPPO MALLS INDONESIA RETAIL	31.79	1.11	8.36
AAREIT SP Equity	AIMS AMP CAPITAL INDUSTRIAL	36.00	1.02	7.75
OUECT SP Equity	OUE COMMERCIAL REAL ESTATE I	34.12	0.81	7.27
FHT SP Equity	FRASERS HOSPITALITY TRUST	33.24	0.93	7.21
FCOT SP Equity	FRASERS COMMERCIAL TRUST	35.79	0.89	7.11
CREIT SP Equity	CAMBRIDGE INDUSTRIAL TRUST	37.59	0.91	7.07
ART SP Equity	ASCOTT RESIDENCE TRUST	40.17	0.88	6.84
MAGIC SP Equity	MAPLETREE GREATER CHINA COMM	39.15	0.84	6.75
OUEHT SP Equity	OUE HOSPITALITY TRUST	37.92	0.94	6.73
FEHT SP Equity	FAR EAST HOSPITALITY TRUST	33.20	0.70	6.58
SGREIT SP Equity	STARHILL GLOBAL REIT	35.20	0.83	6.53
CRCT SP Equity	CAPITALAND RETAIL CHINA TRUS	35.95	0.99	6.46
FIRT SP Equity	FIRST REAL ESTATE INVT TRUST	30.82	1.31	6.44
MLT SP Equity	MAPLETREE LOGISTICS TRUST	38.41	1.14	6.31
(SG) Average		36.72	0.95	7.52

Moving our attention away from Asia pacific and looking towards our western friends. Canada has more than 40 listed reits and one of few countries to have innovative reits such as automobile reits made available to their investors. Their top 20 yielding reits are...   

Ticker	Name	Gearing % Latest filing	P/B	Yield % 1st June Prices
PRV-U CN Equity	PRO REAL ESTATE INVESTMENT T	58.08	1.05	30.33
ONR-U CN Equity	ONEREIT	58.08	0.67	13.93
KMP-U CN Equity	KILLAM APARTMENT REAL EST	51.95	1.14	11.77
CUF-U CN Equity	COMINAR REAL ESTATE INV-TR U	52.07	0.63	11.16
TNT-U CN Equity	TRUE NORTH COMMERCIAL REAL	54.13	1.03	9.55
SOT-U CN Equity	SLATE OFFICE REIT	53.42	0.95	9.32
BTB-U CN Equity	BTB REAL ESTATE INVESTMENT T	65.16	0.91	9.19
INO-U CN Equity	INOVALIS REAL ESTATE INVESTM	44.22	0.89	8.28
AX-U CN Equity	ARTIS REAL ESTATE INVESTMENT	48.83	0.86	8.16
DIR-U CN Equity	DREAM INDUSTRIAL REAL ESTATE	61.26	0.87	7.83
MR-U CN Equity	MELCOR REAL ESTATE INVEST	41.07	0.59	7.77
NVU-U CN Equity	NORTHVIEW APARTMENT	57.61	0.93	7.75
DRG-U CN Equity	DREAM GLOBAL REAL ESTATE INV	44.76	0.99	7.62
SRT-U CN Equity	SLATE RETAIL REIT - U	51.62	66.97	7.59
CIO US Equity	CITY OFFICE REIT INC	53.58	1.91	7.48
NWH-U CN Equity	NORTHWEST HEALTHCARE PROP	49.40	0.99	7.46
APR-U CN Equity	AUTOMOTIVE PROPERTIES REAL	43.77	1.87	7.25
SMU-U CN Equity	SUMMIT INDUSTRIAL INCOME	53.17	1.12	7.21
ACR-U CN Equity	AGELLAN COMMERCIAL REAL  ET	43.99	1.01	7.03
PAR-U CN Equity	PARTNERS REAL ESTATE	68.56	0.77	6.96
(CA) Average		52.74	4.31	9.68

Finally, we move on to the country that just decided to move out of the Paris Climate Accord. (tsk!) The birth place of reits and the only country to have more than 200 of them listed. The United States of America.

And their top 20 yielding reits are... 

Ticker	Name	Gearing % Latest filing	P/B	Yield % 1st June Prices
OAKS US Equity	FIVE OAKS INVESTMENT CORP	93.76	0.92	36.36
GNL US Equity	GLOBAL NET LEASE INC	50.28	1.14	28.01
ORC US Equity	ORCHID ISLAND CAPITAL INC	89.69	1.03	16.73
WHLR US Equity	WHEELER REAL ESTATE INVEST	63.52	1.90	15.81
CIM US Equity	CHIMERA INVESTMENT CORP	79.63	1.00	15.80
RAS US Equity	RAIT FINANCIAL TRUST	73.03	1.14	15.32
NYMT US Equity	NEW YORK MORTGAGE TRUST	88.45	1.04	14.56
CBL US Equity	CBL & ASSOCIATES PROPERTIES	73.82	2.33	13.38
WPG US Equity	WASHINGTON PRIME GROUP INC	64.52	1.71	12.64
CLNS US Equity	COLONY NORTHSTAR INC	41.15	1.05	12.11
WMC US Equity	WESTERN ASSET MORTGAGE	74.27	0.99	12.04
CYS US Equity	CYS INVESTMENTS INC	80.20	1.03	11.75
DX US Equity	DYNEX CAPITAL INC	84.79	0.92	11.69
ACMC US Equity	AMERICAN CHURCH MORTGAGE	70.56	0.32	11.47
NRZ US Equity	NEW RESIDENTIAL INVESTMENT	69.07	1.22	11.42
EARN US Equity	ELLINGTON RESIDENTIAL	5.41	0.95	10.99
CHMI US Equity	CHERRY HILL MORTGAGE	59.90	0.90	10.86
SNR US Equity	NEW SENIOR INVESTMENT	76.22	1.45	10.78
AGNC US Equity	AGNC INVESTMENT CORP	85.51	1.00	10.71
PMT US Equity	PENNYMAC MORTGAGE	67.79	0.88	10.63
(USA) Average		69.58	1.15	14.65

And to answer the question, which country has the highest average yielding reit is none other than the United States! (*cue the applause)  

What can we get out of these findings? 

As dividend hungry investors, does that mean we should move our money into US reits, since they give a better overall yield? 

The Answer: It is not that simple. 

A high yielding reit doesn't equate to an "overall good" reit. You need to put in the effort to dig deeper and find exceptional ones; reits that have been performing consistently, have assets located in promising areas, assets that are designed to add value to its tenants and so forth. Consider also withholding taxes implications. If you are interested to learn more about reits and how to select the best of them, click (here)

The full list of reits from Australia, US, Singapore and Canada will be released here over the next two days. Have a good weekend ahead~