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Singaporean (SGX) Office REITs Industry Analysis

UpdatedJun 17, 2025
DataAggregated Company Financials
Companies6
  • 7D0.2%
  • 3M2.8%
  • 1Y6.4%
  • YTD-1.0%

Over the last 7 days, the Office REITs industry has remained flat, although notably Elite UK REIT declined by 4.4%. As for the the longer term, the industry is up 6.2% over the past 12 months. As for the next few years, earnings are expected to grow by 20% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 17 Jun 2025S$4.5bS$977.6m-S$44,634,867.9127.2x-100.4x4.6x
Thu, 15 May 2025S$4.3bS$975.7m-S$44,850,892.1524.6x-95.9x4.4x
Sat, 12 Apr 2025S$4.0bS$978.7m-S$44,512,839.6722x-90.8x4.1x
Mon, 10 Mar 2025S$4.2bS$974.7m-S$44,968,487.0924.9x-92.7x4.3x
Wed, 05 Feb 2025S$4.5bS$1.0b-S$362,085,568.5733.2x-12.4x4.4x
Fri, 03 Jan 2025S$4.5bS$994.6m-S$338,736,101.7927.2x-13.3x4.5x
Sun, 01 Dec 2024S$4.5bS$995.1m-S$339,397,116.8926.7x-13.2x4.5x
Tue, 29 Oct 2024S$4.8bS$996.1m-S$340,588,171.0028.2x-13.9x4.8x
Thu, 26 Sep 2024S$4.9bS$996.7m-S$341,256,139.4729.4x-14.5x5x
Sat, 24 Aug 2024S$4.6bS$997.9m-S$342,749,072.8127.5x-13.3x4.6x
Mon, 22 Jul 2024S$4.4bS$995.7m-S$571,262,548.0019.8x-7.7x4.4x
Wed, 19 Jun 2024S$4.2bS$994.9m-S$569,941,664.8319.1x-7.4x4.2x
Fri, 17 May 2024S$4.4bS$995.6m-S$571,087,854.2419.8x-7.7x4.4x
Sun, 14 Apr 2024S$4.4bS$994.7m-S$569,582,132.2620.1x-7.8x4.5x
Tue, 12 Mar 2024S$4.3bS$995.2m-S$570,375,488.7619.4x-7.5x4.3x
Thu, 08 Feb 2024S$4.6bS$871.8m-S$381,517,488.2214.7x-12.2x5.3x
Sat, 06 Jan 2024S$4.9bS$960.1m-S$267,634,111.0012.2x-18.4x5.1x
Mon, 04 Dec 2023S$4.4bS$960.0m-S$267,538,030.0010.4x-16.6x4.6x
Wed, 01 Nov 2023S$4.0bS$960.3m-S$267,737,426.008.6x-14.8x4.1x
Fri, 29 Sep 2023S$4.3bS$959.5m-S$267,271,850.009.4x-16.2x4.5x
Sun, 27 Aug 2023S$4.5bS$960.8m-S$268,052,388.0010.3x-16.8x4.7x
Tue, 25 Jul 2023S$4.8bS$961.6mS$332.7m8.4x14.6x5x
Thu, 22 Jun 2023S$4.9bS$961.1mS$332.4m8.2x14.7x5.1x
Sat, 20 May 2023S$4.8bS$960.3mS$331.9m7.9x14.4x5x
Mon, 17 Apr 2023S$5.2bS$960.8mS$332.2m8.4x15.8x5.4x
Price to Earnings Ratio

16.2x


Total Market Cap: S$5.4bTotal Earnings: S$331.8mTotal Revenue: S$960.1mTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Office REITs Industry Price to Earnings3Y Average -18.2x20242025
Current Industry PE
  • Investors are relatively neutral on the Singaporean Office REITs industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PS ratio of 4.7x.
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 Market-0.34%
Real Estate0.78%
Office REITs0.19%
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
K71U Keppel REITS$0.880.6%
+S$19.4m
3.6%PB0.7x
OXMU Prime US REITUS$0.140.7%
+US$1.3m
24.1%PB0.3x
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Latest News

MXNU

UK£0.33

Elite UK REIT

7D

-3.0%

1Y

35.4%

OXMU

US$0.14

Prime US REIT

7D

0.7%

1Y

24.1%

BTOU

US$0.061

Manulife US Real Estate Investment Trust

7D

-3.2%

1Y

-11.6%

UD1U

S$0.29

IREIT Global

7D

-1.7%

1Y

-7.8%

K71U

S$0.88

Keppel REIT

7D

0.6%

1Y

3.6%