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Singaporean (SGX) Industrial REITs Industry Analysis

UpdatedDec 06, 2025
DataAggregated Company Financials
Companies8
  • 7D-1.3%
  • 3M1.2%
  • 1Y2.6%
  • YTD2.9%

Over the last 7 days, the Industrial REITs industry has dropped 1.3%, driven by CapitaLand Ascendas REIT declining 1.4%. Over the last year, the industry has been flat overall. Earnings are forecast to grow by 10% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 06 Dec 2025S$33.2bS$4.2bS$1.4b18.4x23.5x8x
Mon, 03 Nov 2025S$33.9bS$4.2bS$1.3b26.9x25.3x8.1x
Wed, 01 Oct 2025S$33.2bS$4.2bS$1.3b26.7x25.2x7.9x
Fri, 29 Aug 2025S$32.0bS$4.2bS$1.3b25.3x24.4x7.7x
Sun, 27 Jul 2025S$32.1bS$4.2bS$1.3b24.4x24.2x7.7x
Tue, 24 Jun 2025S$30.1bS$4.2bS$1.3b22.9x22.6x7.2x
Thu, 22 May 2025S$29.1bS$4.2bS$1.3b22.4x21.8x6.9x
Sat, 19 Apr 2025S$30.1bS$4.1bS$1.2b22.4x24.4x7.3x
Mon, 17 Mar 2025S$31.3bS$4.1bS$1.2b23.3x25.3x7.6x
Wed, 12 Feb 2025S$30.7bS$4.1bS$1.3b22.4x24.5x7.4x
Fri, 10 Jan 2025S$31.3bS$4.1bS$689.5m23.8x45.4x7.6x
Sun, 08 Dec 2024S$31.7bS$4.1bS$689.5m23.2x46x7.7x
Tue, 05 Nov 2024S$33.6bS$4.1bS$412.6m25.5x81.4x8.2x
Thu, 03 Oct 2024S$35.8bS$4.1bS$446.2m25.5x80.2x8.7x
Sat, 31 Aug 2024S$34.4bS$4.1bS$446.2m24.2x77.2x8.4x
Mon, 29 Jul 2024S$32.3bS$4.1bS$457.5m23.5x70.6x7.9x
Wed, 26 Jun 2024S$31.5bS$4.1bS$464.0m23x68x7.7x
Fri, 24 May 2024S$32.6bS$4.1bS$494.6m22.4x66x8x
Sun, 21 Apr 2024S$31.7bS$4.1bS$907.8m18.1x34.9x7.8x
Tue, 19 Mar 2024S$33.2bS$4.1bS$918.0m18.1x36.1x8.2x
Thu, 15 Feb 2024S$34.4bS$4.1bS$908.4m18.5x37.9x8.5x
Sat, 13 Jan 2024S$37.4bS$4.1bS$1.6b15.2x22.8x9.2x
Mon, 11 Dec 2023S$35.8bS$4.1bS$1.6b14.8x21.9x8.8x
Wed, 08 Nov 2023S$34.3bS$4.1bS$1.6b14.1x20.9x8.4x
Fri, 06 Oct 2023S$34.3bS$4.1bS$2.3b11.3x14.7x8.4x
Sun, 03 Sep 2023S$35.9bS$4.1bS$2.3b11.9x15.4x8.8x
Tue, 01 Aug 2023S$36.4bS$4.0bS$2.4b15.5x15x9x
Thu, 29 Jun 2023S$35.4bS$4.0bS$2.1b12.6x16.6x8.9x
Sat, 27 May 2023S$35.3bS$4.0bS$2.1b12.5x16.5x8.9x
Mon, 24 Apr 2023S$36.8bS$4.0bS$2.6b12.4x13.9x9.2x
Price to Earnings Ratio

13.6x


Total Market Cap: S$36.0bTotal Earnings: S$2.7bTotal Revenue: S$4.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Industrial REITs Industry Price to Earnings3Y Average 34.6x20242025
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 23.5x which is lower than its 3-year average PE of 34.6x.
  • The industry is trading close to its 3-year average PS ratio of 8.1x.
Past Earnings Growth
  • The earnings for companies in the Industrial REITs industry have declined 19% per year over the last three years.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, 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 Market0.042%
Real Estate0.21%
Industrial REITs-1.28%
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
9A4U ESR-REITS$2.780.4%
+S$8.0m		6.9%PB0.9x

Latest News

M44U
S$1.29
Mapletree Logistics Trust
7D
-2.3%
1Y
0.8%

M44U: Future Returns Will Reflect Priced China Rents And Softer Ex China Trends

Analysts have slightly raised their price target for Mapletree Logistics Trust from S$1.42 to S$1.43, reflecting modestly improved profit margin and valuation assumptions, even as they caution that much of the upside from stronger Mainland China rent reversions now appears priced in and ex China rent reversion has softened. Analyst Commentary Analysts note that the recent rally in Mapletree Logistics Trust has been driven largely by better than expected rent reversions in its Mainland China portfolio, supporting a re-rating of its earnings outlook and net asset value.
A17U
S$2.77
CapitaLand Ascendas REIT
7D
-1.4%
1Y
6.9%
ME8U
S$2.03
Mapletree Industrial Trust
7D
-1.5%
1Y
-11.0%
DHLU
S$0.56
Daiwa House Logistics Trust
7D
-0.9%
1Y
-3.4%
M1GU
S$0.47
Alpha Integrated Real Estate Investment Trust
7D
-2.1%
1Y
30.6%
9A4U
S$2.78
ESR-REIT
7D
0.4%
1Y
6.9%