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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?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 17 Jun 2025 | S$4.5b | S$977.6m | -S$44,634,867.91 | 27.2x | -100.4x | 4.6x |
| Thu, 15 May 2025 | S$4.3b | S$975.7m | -S$44,850,892.15 | 24.6x | -95.9x | 4.4x |
| Sat, 12 Apr 2025 | S$4.0b | S$978.7m | -S$44,512,839.67 | 22x | -90.8x | 4.1x |
| Mon, 10 Mar 2025 | S$4.2b | S$974.7m | -S$44,968,487.09 | 24.9x | -92.7x | 4.3x |
| Wed, 05 Feb 2025 | S$4.5b | S$1.0b | -S$362,085,568.57 | 33.2x | -12.4x | 4.4x |
| Fri, 03 Jan 2025 | S$4.5b | S$994.6m | -S$338,736,101.79 | 27.2x | -13.3x | 4.5x |
| Sun, 01 Dec 2024 | S$4.5b | S$995.1m | -S$339,397,116.89 | 26.7x | -13.2x | 4.5x |
| Tue, 29 Oct 2024 | S$4.8b | S$996.1m | -S$340,588,171.00 | 28.2x | -13.9x | 4.8x |
| Thu, 26 Sep 2024 | S$4.9b | S$996.7m | -S$341,256,139.47 | 29.4x | -14.5x | 5x |
| Sat, 24 Aug 2024 | S$4.6b | S$997.9m | -S$342,749,072.81 | 27.5x | -13.3x | 4.6x |
| Mon, 22 Jul 2024 | S$4.4b | S$995.7m | -S$571,262,548.00 | 19.8x | -7.7x | 4.4x |
| Wed, 19 Jun 2024 | S$4.2b | S$994.9m | -S$569,941,664.83 | 19.1x | -7.4x | 4.2x |
| Fri, 17 May 2024 | S$4.4b | S$995.6m | -S$571,087,854.24 | 19.8x | -7.7x | 4.4x |
| Sun, 14 Apr 2024 | S$4.4b | S$994.7m | -S$569,582,132.26 | 20.1x | -7.8x | 4.5x |
| Tue, 12 Mar 2024 | S$4.3b | S$995.2m | -S$570,375,488.76 | 19.4x | -7.5x | 4.3x |
| Thu, 08 Feb 2024 | S$4.6b | S$871.8m | -S$381,517,488.22 | 14.7x | -12.2x | 5.3x |
| Sat, 06 Jan 2024 | S$4.9b | S$960.1m | -S$267,634,111.00 | 12.2x | -18.4x | 5.1x |
| Mon, 04 Dec 2023 | S$4.4b | S$960.0m | -S$267,538,030.00 | 10.4x | -16.6x | 4.6x |
| Wed, 01 Nov 2023 | S$4.0b | S$960.3m | -S$267,737,426.00 | 8.6x | -14.8x | 4.1x |
| Fri, 29 Sep 2023 | S$4.3b | S$959.5m | -S$267,271,850.00 | 9.4x | -16.2x | 4.5x |
| Sun, 27 Aug 2023 | S$4.5b | S$960.8m | -S$268,052,388.00 | 10.3x | -16.8x | 4.7x |
| Tue, 25 Jul 2023 | S$4.8b | S$961.6m | S$332.7m | 8.4x | 14.6x | 5x |
| Thu, 22 Jun 2023 | S$4.9b | S$961.1m | S$332.4m | 8.2x | 14.7x | 5.1x |
| Sat, 20 May 2023 | S$4.8b | S$960.3m | S$331.9m | 7.9x | 14.4x | 5x |
| Mon, 17 Apr 2023 | S$5.2b | S$960.8m | S$332.2m | 8.4x | 15.8x | 5.4x |
Price to Earnings Ratio
16.2x
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 Estate | 0.78% | |
| Office REITs | 0.19% | |
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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| K71U Keppel REIT | S$0.88 | 0.6% +S$19.4m | 3.6% | PB0.7x | |
| OXMU Prime US REIT | US$0.14 | 0.7% +US$1.3m | 24.1% | PB0.3x |