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Singaporean (SGX) Industrial REITs Industry Analysis

UpdatedJun 09, 2026
DataAggregated Company Financials
Companies9
  • 7D-1.5%
  • 3M-1.7%
  • 1Y2.4%
  • YTD-9.6%

Over the last 7 days, the Industrial REITs industry has dropped 1.5%, driven by declines from every company within the industry. As for the longer term, the industry's performance has been flat for the past year. Earnings are forecast to grow by 7.2% annually.

Industry Valuation and Performance

Has the Singaporean Industrial REITs Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 09 Jun 2026S$32.6bS$4.4bS$1.7b16.2x19x7.5x
Thu, 07 May 2026S$33.2bS$4.4bS$1.6b17.6x21.2x7.6x
Sat, 04 Apr 2026S$32.1bS$4.3bS$1.7b16.6x19.2x7.4x
Mon, 02 Mar 2026S$32.8bS$4.2bS$1.6b18x20.5x7.7x
Wed, 28 Jan 2026S$34.5bS$4.2bS$1.4b19x24.8x8.3x
Fri, 26 Dec 2025S$33.4bS$4.2bS$1.4b18.5x23.6x8x
Sun, 23 Nov 2025S$32.9bS$4.2bS$1.4b18.4x23.3x7.9x
Tue, 21 Oct 2025S$33.6bS$4.2bS$1.3b27.2x25.5x8x
Thu, 18 Sep 2025S$33.4bS$4.2bS$1.3b26.7x25.4x8x
Sat, 16 Aug 2025S$31.4bS$4.2bS$1.3b25x23.9x7.5x
Mon, 14 Jul 2025S$31.1bS$4.2bS$1.3b23.7x23.4x7.5x
Wed, 11 Jun 2025S$29.8bS$4.2bS$1.3b22.7x22.4x7.1x
Fri, 09 May 2025S$29.4bS$4.2bS$1.3b23.4x22x7.1x
Sun, 06 Apr 2025S$31.8bS$4.1bS$1.2b23.4x25.7x7.7x
Tue, 04 Mar 2025S$30.1bS$4.1bS$1.2b23x24.2x7.3x
Thu, 30 Jan 2025S$31.3bS$4.1bS$629.5m23.6x49.7x7.5x
Sat, 28 Dec 2024S$31.2bS$4.1bS$689.5m23.2x45.3x7.5x
Mon, 25 Nov 2024S$31.3bS$4.1bS$689.5m23.2x45.5x7.6x
Wed, 23 Oct 2024S$34.5bS$4.1bS$446.2m24.5x77.3x8.4x
Fri, 20 Sep 2024S$36.3bS$4.1bS$446.2m25.7x81.3x8.8x
Sun, 18 Aug 2024S$32.6bS$4.1bS$446.2m23.3x73.1x7.9x
Tue, 16 Jul 2024S$33.0bS$4.1bS$464.0m23.9x71.1x8.1x
Thu, 13 Jun 2024S$31.6bS$4.1bS$464.1m23x68.2x7.8x
Sat, 11 May 2024S$32.4bS$4.1bS$484.7m22.5x66.9x8x
Mon, 08 Apr 2024S$34.3bS$4.1bS$907.8m18.5x37.8x8.5x
Wed, 06 Mar 2024S$33.4bS$4.1bS$918.0m18x36.4x8.2x
Fri, 02 Feb 2024S$35.4bS$4.1bS$1.5b14.4x23.4x8.7x
Sun, 31 Dec 2023S$38.0bS$4.1bS$1.6b15.3x23.2x9.3x
Tue, 28 Nov 2023S$35.3bS$4.1bS$1.6b14.5x21.6x8.7x
Thu, 26 Oct 2023S$32.2bS$4.1bS$2.3b11.3x13.8x7.9x
Sat, 23 Sep 2023S$35.5bS$4.1bS$2.3b11.4x15.2x8.7x
Mon, 21 Aug 2023S$35.2bS$4.1bS$2.3b11.9x15.1x8.6x
Wed, 19 Jul 2023S$36.6bS$4.0bS$2.1b13x17.1x9.2x
Fri, 16 Jun 2023S$36.1bS$4.0bS$2.1b12.9x16.9x9.1x
Price to Earnings Ratio

16.9x


Total Market Cap: S$36.1bTotal Earnings: S$2.1bTotal Revenue: S$4.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Industrial REITs Industry Price to Earnings3Y Average 33.7x202420252026
Current Industry PE
  • Investors are pessimistic on the Singaporean Industrial REITs industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 19.0x which is lower than its 3-year average PE of 33.7x.
  • The industry is trading close to its 3-year average PS ratio of 8.0x.
Past Earnings Growth
  • The earnings for companies in the Industrial REITs industry have declined 6.9% per year over the last three years.
  • Meanwhile revenues for these companies have grown 3.2% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

Which industries have driven the changes within the Singaporean Real Estate industry?

SG Market-2.33%
Real Estate-2.45%
Industrial REITs-1.51%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
No data available

Latest News

A17U
S$2.45
CapitaLand Ascendas REIT
7D
-2.0%
1Y
-5.0%
Narrative Update • Jun 06

A17U: Recent Acquisitions And Equity Raising Will Support Future Distribution Upside

Narrative Update on CapitaLand Ascendas REIT Analysts have revised their fair value estimate for CapitaLand Ascendas REIT slightly lower to around SGD3.09 from about SGD3.11, citing a reduced price target from SGD3.11 to SGD2.82 and concerns that occupancy could soften if recent tech sector layoffs continue to impact tenant demand. What's in the News CapitaLand Ascendas REIT agreed to acquire 5 Tuas Avenue 5 in Singapore for SGD 133.9 million in cash.
9A4U
S$2.35
ESR-REIT
7D
-0.8%
1Y
2.6%
ME8U
S$1.93
Mapletree Industrial Trust
7D
-0.5%
1Y
-0.5%
Narrative Update • May 27

ME8U: Stable Payouts And Modest Assumption Shifts Will Guide Near Term Returns

Analysts have maintained their SGD 2.03 price target on Mapletree Industrial Trust, citing slightly higher assumed discount and P/E levels, along with softer revenue growth and profit margin assumptions, as the main factors supporting this unchanged view. What's in the News Declared distribution of 3.09 Singapore cents per unit for the fourth quarter of Financial Year 2025/2026, covering 1 January 2026 to 31 March 2026, with payment scheduled for 12 June 2026 (Key Developments).
O5RU
S$1.56
AIMS APAC REIT
7D
-0.6%
1Y
18.2%
BUOU
S$0.97
Frasers Logistics & Commercial Trust
7D
-1.5%
1Y
20.4%
DHLU
S$0.49
Daiwa House Logistics Trust
7D
-1.0%
1Y
-13.3%
M1GU
S$0.47
Alpha Integrated Real Estate Investment Trust
7D
-2.1%
1Y
18.8%
UIBU
S$0.79
UI Boustead Real Estate Investment Trust
7D
-1.3%
1Y
n/a