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Singaporean (SGX) REITS Industry Analysis

UpdatedJul 03, 2025
DataAggregated Company Financials
Companies5
  • 7D2.3%
  • 3M2.5%
  • 1Y9.3%
  • YTD8.0%

Over the last 7 days, the REITS industry has risen 2.3%, driven by gains from CapitaLand Integrated Commercial Trust of 0.9%. This means that the industry has gained 9.3% over the past year. Earnings are forecast to grow by 5.4% annually.

Industry Valuation and Performance

Has the Singaporean REITS Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 05 Jul 2025S$28.9bS$3.6bS$1.6b21.6x18.1x8x
Mon, 02 Jun 2025S$11.9bS$2.0bS$658.8m26.2x18.1x5.9x
Wed, 30 Apr 2025S$12.2bS$2.0bS$659.6m25.4x18.5x6.1x
Fri, 28 Mar 2025S$12.5bS$2.0bS$521.5m25.4x24x6.2x
Sun, 23 Feb 2025S$11.8bS$2.0bS$459.5m21.7x25.7x5.9x
Tue, 21 Jan 2025S$12.5bS$2.0bS$817.5m13.9x15.3x6.3x
Thu, 19 Dec 2024S$5.8bS$1.0bS$359.4m13x16.3x5.7x
Sat, 16 Nov 2024S$5.8bS$1.0bS$359.4m12.9x16.2x5.7x
Mon, 14 Oct 2024S$6.3bS$1.0bS$359.4m14.2x17.6x6.1x
Wed, 11 Sep 2024S$6.2bS$1.0bS$359.4m14x17.3x6x
Fri, 09 Aug 2024S$5.7bS$1.0bS$359.4m12.9x15.9x5.6x
Sun, 07 Jul 2024S$5.3bS$1.0bS$290.9m12.8x18.4x5.3x
Tue, 04 Jun 2024S$5.4bS$1.0bS$290.9m12.9x18.7x5.4x
Thu, 02 May 2024S$5.5bS$1.0bS$293.1m12.9x18.7x5.4x
Sat, 30 Mar 2024S$5.5bS$1.0bS$531.5m7.8x10.3x5.4x
Mon, 26 Feb 2024S$5.6bS$1.0bS$402.2m19.7x13.9x5.5x
Wed, 24 Jan 2024S$10.0bS$1.5bS$569.8m18.7x17.5x6.7x
Fri, 22 Dec 2023S$10.1bS$1.5bS$569.8m19x17.7x6.8x
Sun, 19 Nov 2023S$9.6bS$1.5bS$507.8m12.5x18.9x6.4x
Tue, 17 Oct 2023S$9.5bS$1.5bS$507.8m12.7x18.7x6.3x
Thu, 14 Sep 2023S$9.7bS$1.5bS$507.8m13.4x19.2x6.5x
Sat, 12 Aug 2023S$10.3bS$1.5bS$576.5m17.9x17.8x6.9x
Mon, 10 Jul 2023S$10.4bS$1.5bS$792.6m15x13.2x6.9x
Wed, 07 Jun 2023S$10.7bS$1.5bS$792.6m15.2x13.5x7x
Fri, 05 May 2023S$10.9bS$1.5bS$792.6m15.2x13.8x7.2x
Sun, 02 Apr 2023S$10.9bS$1.5bS$792.6m15.2x13.8x7.2x
Tue, 28 Feb 2023S$101.4bS$12.4bS$6.8b14.6x15x8.2x
Thu, 26 Jan 2023S$103.0bS$11.6bS$7.9b11.6x13.1x8.9x
Sat, 24 Dec 2022S$98.6bS$11.8bS$8.0b11.3x12.4x8.4x
Mon, 21 Nov 2022S$100.8bS$11.8bS$8.0b11.5x12.6x8.6x
Wed, 19 Oct 2022S$95.9bS$11.5bS$7.9b11.1x12.1x8.3x
Fri, 16 Sep 2022S$109.0bS$11.5bS$7.9b12.9x13.7x9.4x
Sun, 14 Aug 2022S$112.6bS$11.5bS$8.0b12.8x14x9.8x
Tue, 12 Jul 2022S$106.9bS$11.0bS$7.9b13.7x13.6x9.7x
Price to Earnings Ratio

13.6x


Total Market Cap: S$106.9bTotal Earnings: S$7.9bTotal Revenue: S$11.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean REITS Industry Price to Earnings3Y Average 16.5x202320242025
Current Industry PE
  • Investors are relatively neutral on the Singaporean 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 PE ratio of 16.5x.
  • The 3-year average PS ratio of 6.8x is lower than the industry's current PS ratio of 8.0x.
Past Earnings Growth
  • The earnings for companies in the REITs industry have declined 41% per year over the last three years,
  • Revenues have also declined 31% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

Which industries have driven the changes within the Singaporean Real Estate industry?

SG Market2.32%
Real Estate4.22%
REITS2.33%
Industrial REITs3.05%
Office REITs2.65%
Diversified REITs2.33%
Retail REITs1.51%
Hotel and Resort REITs1.39%
Healthcare REITs0.40%
Specialized REITs0%0
Industry PE
  • Investors are most optimistic about the Retail REITs industry which is trading above its 3-year average PE ratio of 18.0x.
    • Analysts are expecting annual earnings growth of 14.1%, which is higher than its past year's earnings decline of 8.9% per year.
Forecasted Growth
  • Analysts are most optimistic on the Office REITs industry, expecting annual earnings growth of 21% over the next 5 years.
  • This is better than its past earnings decline of 41% per year.
  • In contrast, the Diversified REITs industry is expected to see its earnings grow by 5.4% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
C38U CapitaLand Integrated Commercial TrustS$2.200.9%
+S$146.3m		10.0%PB1x
TS0U OUE Real Estate Investment TrustS$0.303.4%
+S$55.1m		13.2%PB0.5x

Latest News

TS0U
S$0.30
OUE Real Estate Investment Trust
7D
3.4%
1Y
13.2%
SET
€1.52
Stoneweg Europe Stapled Trust
7D
-1.3%
1Y
10.9%
C38U
S$2.20
CapitaLand Integrated Commercial Trust
7D
0.9%
1Y
10.0%