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Singaporean (SGX) Industrial REITs Industry Analysis

UpdatedAug 14, 2025
DataAggregated Company Financials
Companies8
  • 7D0.4%
  • 3M6.3%
  • 1Y-4.4%
  • YTD-1.7%

The Industrial REITs industry has stayed flat over the last week. As for the longer term, the industry has declined 4.4% in the last year. As for the next few years, earnings are expected to grow by 12% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 14 Aug 2025S$31.6bS$4.2bS$1.3b24.7x24.1x7.6x
Sat, 12 Jul 2025S$31.2bS$4.2bS$1.3b23.6x23.4x7.5x
Mon, 09 Jun 2025S$29.8bS$4.2bS$1.3b22.7x22.3x7.1x
Wed, 07 May 2025S$30.3bS$4.1bS$1.4b23.1x22.3x7.3x
Fri, 04 Apr 2025S$32.2bS$4.1bS$1.2b23.6x26x7.8x
Sun, 02 Mar 2025S$30.1bS$4.1bS$1.2b22.7x24.2x7.3x
Tue, 28 Jan 2025S$30.9bS$4.1bS$629.5m23.4x49.2x7.5x
Thu, 26 Dec 2024S$31.1bS$4.1bS$689.5m23.2x45.2x7.5x
Sat, 23 Nov 2024S$31.3bS$4.1bS$689.5m23.2x45.5x7.6x
Mon, 21 Oct 2024S$34.9bS$4.1bS$446.2m24.6x78.3x8.5x
Wed, 18 Sep 2024S$36.3bS$4.1bS$446.2m25.3x81.3x8.8x
Fri, 16 Aug 2024S$32.4bS$4.1bS$445.0m23.2x72.7x7.9x
Sun, 14 Jul 2024S$33.0bS$4.1bS$464.0m23.8x71.1x8.1x
Tue, 11 Jun 2024S$32.3bS$4.1bS$464.1m23.1x69.5x7.9x
Thu, 09 May 2024S$32.2bS$4.1bS$484.7m22.6x66.5x7.9x
Sat, 06 Apr 2024S$34.3bS$4.1bS$907.8m18.5x37.8x8.5x
Mon, 04 Mar 2024S$33.7bS$4.1bS$918.0m18.2x36.7x8.3x
Wed, 31 Jan 2024S$35.8bS$4.1bS$1.6b16.1x22.2x8.7x
Fri, 29 Dec 2023S$37.8bS$4.1bS$1.6b15.1x23x9.3x
Sun, 26 Nov 2023S$35.5bS$4.1bS$1.6b14.5x21.7x8.7x
Tue, 24 Oct 2023S$32.0bS$4.1bS$2.3b11.3x13.7x7.9x
Thu, 21 Sep 2023S$36.0bS$4.1bS$2.3b11.4x15.5x8.8x
Sat, 19 Aug 2023S$35.2bS$4.1bS$2.3b11.9x15.1x8.6x
Mon, 17 Jul 2023S$36.8bS$4.0bS$2.1b13.1x17.2x9.2x
Wed, 14 Jun 2023S$34.8bS$4.0bS$2.1b12.3x16.3x8.7x
Fri, 12 May 2023S$36.5bS$4.0bS$2.2b12.4x16.9x9.2x
Sun, 09 Apr 2023S$36.3bS$4.0bS$2.6b12x13.7x9.1x
Price to Earnings Ratio

13.4x


Total Market Cap: S$35.7bTotal Earnings: S$2.7bTotal Revenue: S$4.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Industrial REITs Industry Price to Earnings3Y Average 35.9x20242025
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 24.1x which is lower than its 3-year average PE of 35.9x.
  • The industry is trading close to its 3-year average PS ratio of 8.2x.
Past Earnings Growth
  • The earnings for companies in the Industrial REITs industry have declined 21% 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 Market0.99%
Real Estate1.45%
Industrial REITs0.41%
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
BUOU Frasers Logistics & Commercial TrustS$0.891.7%
+S$63.9m
-11.0%PB0.8x
9A4U ESR-REITS$2.761.8%
+S$40.1m
8.2%PB0.9x
DHLU Daiwa House Logistics TrustS$0.581.7%
+S$7.0m
0%PB0.8x

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