Hunting for Asia ex-Japan real estate exposure through the Singapore Exchange brings you to SGX:CFA.SI. The NikkoAM-StraitsTrading Asia ex Japan REIT ETF offers institutional-grade exposure to 45 Asian REITs, with a current dividend yield around 6% that makes income-focused investors take a closer look.
Current Price: 0.813 SGD · 52-Week High: 0.85 SGD · 52-Week Low: 0.75 SGD · Top Holding: CapitaLand Ascendas REIT (10.53%) · Exchange: SGX
Quick snapshot
- Current price 0.813 SGD from multiple sources (GrowBeanSprout)
- 52-week range 0.75–0.85 SGD (GrowBeanSprout)
- Dividend yield 6.06% per Morningstar (Morningstar)
- Real-time price beyond April 2026 snapshots
- Consistent dividend yield across all sources (ranges 1.34%–6.49%)
- Buffett’s specific view on CFA
- Last dividend payable May 6, 2026, at 0.01 SGD (TradingView)
- 2025 full-year DPS 0.043105 SGD, down 9.3% from 2024 (GrowBeanSprout)
- AUM sits at 616.63 M SGD with 256.67 M SGD in 1-year fund flows (TradingView)
- Quarterly dividend cadence suggests next ex-date likely in July 2026 (TradingView)
The key specification data for CFA.SI spans price history, dividend payments, and portfolio composition.
| Attribute | Value |
|---|---|
| Ticker | CFA.SI |
| Exchange | SGX |
| Current Price | 0.813 SGD |
| Change | +0.002 (+0.25%) |
| 52-Week High | 0.85 SGD |
| 52-Week Low | 0.75 SGD |
The investment objective of the Fund is to replicate as closely as possible, before expenses, the performance of the FTSE EPRA/NAREIT Asia ex Japan Net Total Index.
— Fundsupermart ETF Factsheet
What is the CFA REIT ETF share price?
The NikkoAM-StraitsTrading Asia ex Japan REIT ETF trades under the ticker CFA.SI on the Singapore Exchange. As of April 24, 2026, the share price closed at SGD 0.813, marking a 0.25% gain for the session (GrowBeanSprout). That price sits comfortably within the 52-week range of SGD 0.75 (low) to SGD 0.85 (high), suggesting the ETF has been trading in a relatively stable band over the past year (GrowBeanSprout).
Current price
The most recent closing price of SGD 0.82 aligns closely with the April 2026 snapshot from multiple platforms, indicating the market has priced CFA fairly consistently across data providers. TradingView data shows assets under management of 616.63 million SGD with 740.70 million shares outstanding, giving a market capitalization of approximately 427.4 million SGD (TradingView; Digrin).
Recent price changes
Looking back at mid-2025, the ETF traded at SGD 0.7930 on June 27, 2025, with a daily gain of 0.89% (StockAnalysis). The modest volatility reflects the ETF’s diversified REIT holdings across multiple Asian markets, which tend to smooth out single-market swings.
Price chart insights
The 52-week range of just 10 cents represents roughly a 13% spread between high and low, which is relatively tight for an Asia ex-Japan equity product. The discount or premium to NAV stood at just 0.02% as of the latest data, indicating the share price tracks net asset value closely (TradingView).
NikkoAM-StraitsTrading Asia ex Japan REIT ETF’s dividend per share of $0.043105 in 2025 was lower than its dividend per share of $0.047502 in 2024.
— GrowBeanSprout Financial Data Platform
What is the dividend yield for CFA REIT ETF?
Dividend yield figures for CFA vary significantly across data sources, which reflects different calculation methodologies and reporting dates. Morningstar reports a trailing dividend yield of 6.06% (Morningstar), while TradingView shows 6.49% and POEMS indicates 6.0853% (TradingView; POEMS). Finbox reports a slightly lower 5.2% figure (Finbox), illustrating how yield calculations can diverge based on time horizons and dividend assumptions.
Recent dividend payments
The most recent dividend was paid on May 6, 2026, at 0.01 SGD per share, representing a quarterly payout. For the full year 2025, the total dividend per share came to 0.043105 SGD, which was notably lower than the 0.047502 SGD paid in 2024—a decline of approximately 9.3% (GrowBeanSprout). This reduction in dividends warrants attention from income-focused investors.
Yield calculation
The implied dividend yield varies depending on whether you use the most recent quarterly payout annualized or the trailing twelve-month sum. Using the 6.06% Morningstar figure as the most authoritative estimate and applying it to the current 0.813 SGD price suggests annual dividends around 0.049 SGD—though this conflicts somewhat with the actual 2025 DPS of 0.043105 SGD.
Comparison to peers
A 6%+ yield stands out favorably against Singapore savings rates and many bond alternatives available in the region. The ETF has maintained nine consecutive years of dividend payments, with the payout ratio sitting at approximately 13.82% (Digrin). The three-year average dividend growth rate of -0.32% indicates flat-to-slightly-declining payout consistency.
What is CFA REIT ETF?
The NikkoAM-StraitsTrading Asia ex Japan REIT ETF is a Singapore Exchange-listed fund that provides institutional-grade exposure to real estate investment trusts across Asia, excluding Japan. Trading under the ticker CFA.SI, this ETF aims to replicate the performance of the FTSE EPRA/NAREIT Asia ex Japan Net Total Index before expenses (Fundsupermart). With an expense ratio of 0.60%, it offers a cost-effective route to a diversified basket of Asian REITs without requiring direct ownership of individual property stocks.
ETF overview
The fund holds 45 equity positions with a combined market value of approximately SGD 709.6 million (POEMS). Holdings span exchanges across the region, including SGX, HKG, NSE, KLSE, and KRX, giving investors a genuinely pan-Asian real estate footprint in a single trade.
Index tracked
By targeting the FTSE EPRA/NAREIT Asia ex Japan Net Total Index, CFA.SI gains exposure to REITs selected by criteria including free-float market capitalization, revenue testing, and investability thresholds. The index methodology ensures the ETF’s holdings reflect established, income-producing real estate companies rather than speculative property plays.
Key features
Singapore-domiciled and listed since its launch, the fund has accumulated 616.63 million SGD in assets under management as of 2026, with 256.67 million SGD in one-year fund flows indicating continued investor interest (TradingView). The 0.60% expense ratio positions it competitively against actively managed Asia REIT funds.
CFA REIT ETF portfolio
The portfolio composition reveals a meaningful tilt toward Singapore and Hong Kong REITs, with the top three holdings accounting for roughly 30% of total assets. Link Real Estate Investment Trust leads the lineup at 10.18% weight, followed closely by CapitaLand Integrated Commercial Trust at 9.92% and CapitaLand Ascendas REIT at 9.90%, all measured as of June 25, 2025 (StockAnalysis).
Top holdings
Singapore REITs dominate the top tier, reflecting both the Lion City’s mature REIT market and the index provider’s weighting methodology. The concentration means CFA investors have significant exposure to Singapore commercial and logistics real estate through these three CapitaLand-linked entities. Link REIT, Hong Kong’s largest REIT, provides the primary non-Singapore anchor holding.
Sector allocation
Regional distribution shows Singapore exchanges accounting for over 40% of portfolio value when combining CapitaLand, Mapletree, and Keppel DC REIT positions. Hong Kong contributes roughly 12% through Link REIT and Fortune REIT, while Indian REITs like Embassy Office Parks add another 8% with a combined 6.48% and 1.52% weighting respectively (StockAnalysis). Malaysian and Korean REITs fill out the remainder in smaller allocations.
Price to book ratio
The P/E ratio of 18.31 and cash component of 0.43% suggest the portfolio holds reasonably valued REITs without excessive leverage or speculative holdings (Digrin). The price-to-book metric, while not explicitly stated across all sources, would logically track similar to Singapore REIT sector averages.
Are CFA REITs a good investment for retirement?
For retirement-focused investors, the appeal of CFA lies primarily in its 6%+ dividend yield and quarterly income cadence. REITs as an asset class are required by regulation to distribute at least 90% of taxable income as dividends, making them structurally income-oriented vehicles. The nine-year dividend track record indicates consistent distributions, though the 9.3% reduction in 2025 DPS serves as a reminder that payouts can fluctuate with property market conditions.
Pros and cons
The argument for including CFA in a retirement portfolio centers on yield enhancement versus traditional fixed income. At 6%+, the dividend substantially exceeds Singapore CPF interest rates and most term deposit alternatives. However, the 0.60% expense ratio, market risk, and lack of guaranteed income all warrant consideration. Property sector exposure introduces vacancy rates and interest rate sensitivity that bondholders don’t face.
Retirement portfolio fit
For Singapore investors using SRS funds or CDP accounts, CFA provides a convenient one-ticker solution to Asia ex-Japan real estate exposure without the forex complexity of buying individual overseas REITs. The quarterly dividend schedule aligns with typical retirement cash flow needs, though the 0.25% NAV discount means you’re paying slightly below net asset value to enter.
Risks and returns
The 52-week price range of 0.75–0.85 SGD demonstrates relatively contained volatility for an equity product, but REIT prices can swing sharply if interest rates rise or regional property values compress. The 13.82% payout ratio and 18.31 P/E suggest moderate distribution coverage, leaving room for dividends to hold steady even if earnings dip slightly.
Upsides
- Trailing dividend yield of 6%+ exceeds most fixed-income alternatives
- Quarterly cash distributions provide retirement income cadence
- 45 holdings across 5 Asian exchanges offer diversification in one ticker
- 9 years of consecutive dividend payments demonstrates distribution discipline
- 0.02% NAV discount means buying below fair value
Downsides
- Top 3 holdings comprise ~30% of portfolio, creating concentration risk
- Singapore REITs dominate, reducing true Asia diversification benefit
- 2025 DPS fell 9.3% year-over-year, suggesting payout volatility
- REIT prices sensitive to interest rate movements
- 0.60% expense ratio charges ongoing costs against distributions
The yield gap between CFA and Singapore fixed deposits has widened considerably. At 6% versus the current 2-3% on offer from banks, the income argument for Asian REIT exposure strengthens—but only for investors who can tolerate the underlying property market dynamics.
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The CFA REIT ETF provides broad exposure to Asia ex-Japan properties, including standout performers like CapitaLand Ascendas REIT that boast superior dividend yields amid rate pressures.
Frequently asked questions
How much is a share of REIT?
CFA.SI shares trade at approximately 0.813 SGD as of April 2026, though prices fluctuate throughout the trading session. Unlike individual REITs where you might pay hundreds per share, ETF units let you buy fractional exposure to 45 Asian REITs at a relatively low per-unit cost.
What is the best REIT ETF to buy now?
There is no universally “best” REIT ETF—the right choice depends on your income needs, geographical preferences, and risk tolerance. CFA.SI stands out for Singapore-based investors seeking Asia ex-Japan exposure, while alternatives like A50 or broader global REIT funds offer different regional tilts.
Which REIT pays the highest dividend?
Individual REITs often advertise higher yields than CFA’s 6%+, but many carry elevated risk profiles. The ETF’s diversified approach trades headline yield for stability—investors seeking maximum yield should examine individual Singapore REITs likeMapletree Commercial Trust or industrial plays, though these come with single-name concentration risk.
What is the CFA REIT ETF share price history?
CFA has traded between 0.75 and 0.85 SGD over the past 52 weeks, with the price recovering from mid-2025 lows near 0.793 SGD to the current 0.813 SGD level. The ETF typically trades with minimal volatility, reflecting its diversified underlying holdings.
What is the CFA REIT ETF price to book?
While the P/E ratio of 18.31 appears in data sources, the specific price-to-book ratio for CFA’s portfolio is not consistently reported. Given that Singapore and Hong Kong REITs typically trade between 0.7x and 1.2x book value, a blended PTAV for CFA would likely fall within a similar range.
What is the future outlook for CFA REIT ETF share price?
The outlook hinges on regional property fundamentals, interest rate direction, and fund flow dynamics. With AUM of 616.63 million SGD and positive 1-year inflows of 256.67 million SGD, investor demand supports the share price. However, the 9.3% dividend decline in 2025 signals that earnings pressure exists in underlying REIT operations.
What does Warren Buffett think of CFA?
No public statements from Warren Buffett specifically address CFA.SI or the NikkoAM-StraitsTrading Asia ex Japan REIT ETF. While Buffett has commented on REIT taxation and structure, his known equity preferences center on North American and select international blue chips rather than Asia ex-Japan property products.
CFA delivers Asia ex-Japan REIT exposure in a single SGX trade, but the 30% concentration in three names means sector rotation or distress at CapitaLand-linked entities would hit the ETF hard. Diversification seekers should consider whether this single-ticker convenience justifies the portfolio concentration.
The dividend yield picture remains the strongest argument for CFA, though the variability across data sources—from 5.2% to 6.49%—means investors should verify which figure their platform uses before building income projections. For Singapore retirees hunting yield in a low-rate environment, CFA offers a credible option at 6%+, but the 2025 DPS decline and concentration in three Singapore REITs warrant ongoing monitoring. Those uncomfortable with property sector volatility might prefer the security of Singapore government bonds despite the lower yield.