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Singaporean (SGX) Office REITs Industry Analysis

UpdatedJun 25, 2024
DataAggregated Company Financials
Companies6
  • 7D-1.1%
  • 3M-4.7%
  • 1Y-18.3%
  • YTD-20.2%

Over the last 7 days, the Office REITs industry has dropped 1.1%, driven by declines in IREIT Global and Keppel REIT of 4.6% and 0.6%, respectively. Overall the industry is down 18% in 12 months. Earnings are forecast to grow by 27% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 25 Jun 2024S$4.2bS$995.0m-S$569,994,881.0818.9x-7.3x4.2x
Thu, 23 May 2024S$4.4bS$995.7m-S$571,138,270.0719.7x-7.6x4.4x
Sat, 20 Apr 2024S$4.2bS$994.9m-S$569,817,081.0019.1x-7.4x4.2x
Mon, 18 Mar 2024S$4.3bS$995.3m-S$570,557,411.9319.3x-7.4x4.3x
Wed, 14 Feb 2024S$4.7bS$878.2m-S$321,445,256.6414.6x-14.5x5.3x
Fri, 12 Jan 2024S$5.0bS$960.5m-S$267,877,107.0012.5x-18.8x5.2x
Sun, 10 Dec 2023S$4.6bS$959.6m-S$267,303,875.0010.8x-17.3x4.8x
Tue, 07 Nov 2023S$4.3bS$959.9m-S$267,526,632.0010x-16.1x4.5x
Thu, 05 Oct 2023S$4.4bS$959.4m-S$267,217,337.009.4x-16.3x4.5x
Sat, 02 Sep 2023S$4.4bS$960.6m-S$267,940,607.009.6x-16.5x4.6x
Mon, 31 Jul 2023S$4.9bS$963.9mS$190.9m12x25.7x5.1x
Wed, 28 Jun 2023S$4.8bS$961.7mS$332.7m8.1x14.4x5x
Fri, 26 May 2023S$4.9bS$960.0mS$331.7m8x14.7x5.1x
Sun, 23 Apr 2023S$5.2bS$961.0mS$332.3m8.3x15.5x5.4x
Price to Earnings Ratio

15.8x


Total Market Cap: S$5.2bTotal Earnings: S$331.6mTotal Revenue: S$959.8mTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Office REITs Industry Price to Earnings3Y Average -2.5xAprilJulyOctober2024April
Current Industry PE
  • Investors are pessimistic on the Singaporean Office REITs industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The 3-year average PS ratio of 4.8x is higher than the industry's current PS ratio of 4.2x.
Past Earnings Growth
  • Total earnings for the Office REITs industry have declined over the last three years, with the industry now making a loss overall.
  • 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 Market0.46%
Real Estate-0.21%
Office REITs-1.11%
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
MXNU Elite UK REITUK£0.242.1%
+UK£2.9m
-16.9%PB0.7x
OXMU Prime US REITUS$0.120.9%
+US$1.3m
-40.1%PB0.2x
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Latest News

MXNU

UK£0.24

Elite UK REIT

7D

2.1%

1Y

-16.9%

OXMU

US$0.12

Prime US REIT

7D

0.9%

1Y

-40.1%

K71U

S$0.84

Keppel REIT

7D

-0.6%

1Y

-3.4%

BTOU

US$0.066

Manulife US Real Estate Investment Trust

7D

-4.3%

1Y

-61.6%

UD1U

S$0.30

IREIT Global

7D

-6.3%

1Y

-30.2%

CMOU

US$0.14

Keppel Pacific Oak US REIT

7D

-2.9%

1Y

-54.2%