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Singaporean (SGX) Office REITs Industry Analysis

UpdatedMar 27, 2024
DataAggregated Company Financials
Companies6
  • 7D3.2%
  • 3M-15.6%
  • 1Y-21.3%
  • YTD-16.1%

All of the companies in the Office REITs industry have been up over the last week, with the industry up 3.2%. In contrast, the industry has lost 21% in the last 12 months. Earnings are forecast to grow by 26% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 27 Mar 2024S$4.3bS$995.5m-S$570,830,028.6019.5x-7.6x4.4x
Fri, 23 Feb 2024S$4.4bS$884.2m-S$471,157,453.2720x-9.4x5x
Sun, 21 Jan 2024S$4.8bS$960.5m-S$267,884,810.0011.9x-18.1x5x
Tue, 19 Dec 2023S$4.9bS$960.3m-S$267,738,192.0012.2x-18.4x5.1x
Thu, 16 Nov 2023S$4.5bS$960.8m-S$268,043,275.0010.4x-16.7x4.7x
Sat, 14 Oct 2023S$4.2bS$959.4m-S$267,191,142.009.1x-15.7x4.4x
Mon, 11 Sep 2023S$4.5bS$960.6m-S$267,951,138.009.9x-16.7x4.6x
Wed, 09 Aug 2023S$4.8bS$964.7mS$71.5m11.2x66.8x5x
Fri, 07 Jul 2023S$5.0bS$961.4mS$332.6m8.4x14.9x5.2x
Sun, 04 Jun 2023S$4.9bS$959.7mS$331.6m8.1x14.6x5.1x
Tue, 02 May 2023S$5.0bS$961.0mS$332.3m8.1x15.2x5.2x
Thu, 30 Mar 2023S$5.2bS$959.5mS$331.5m8.1x15.6x5.4x
Price to Earnings Ratio

15.6x


Total Market Cap: S$5.2bTotal Earnings: S$331.5mTotal Revenue: S$959.5mTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Office REITs Industry Price to Earnings3Y Average -1.3xAprilJulyOctober2024
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 4.9x is higher than the industry's current PS ratio of 4.4x.
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 Market1.63%
Real Estate2.16%
Office REITs3.21%
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
BTOU Manulife US Real Estate Investment TrustUS$0.07839.3%
+US$39.1m
-64.5%PB0.2x
K71U Keppel REITS$0.861.2%
+S$38.1m
-1.1%PB0.6x
CMOU Keppel Pacific Oak US REITUS$0.1521.1%
+US$27.2m
-59.2%PB0.2x
OXMU Prime US REITUS$0.1417.2%
+US$23.8m
-51.7%PB0.2x
MXNU Elite Commercial REITUK£0.236.8%
+UK£8.8m
-42.0%PB0.7x
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Latest News

BTOU

US$0.078

Manulife US Real Estate Investment Trust

7D

39.3%

1Y

-64.5%

CMOU

US$0.15

Keppel Pacific Oak US REIT

7D

21.1%

1Y

-59.2%

OXMU

US$0.14

Prime US REIT

7D

17.2%

1Y

-51.7%

MXNU

UK£0.23

Elite Commercial REIT

7D

6.8%

1Y

-42.0%

K71U

S$0.86

Keppel REIT

7D

1.2%

1Y

-1.1%