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Singaporean (SGX) REITS Industry Analysis

UpdatedJan 31, 2026
DataAggregated Company Financials
Companies5
  • 7D0.2%
  • 3M2.4%
  • 1Y21.2%
  • YTD0.6%

The REITS industry has been flat over the last week, but Stoneweg Europe Stapled Trust has lost 5.4%. The past year has been better, since the industry has gained 21% in that time. As for the next few years, earnings are expected to grow by 4.2% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 31 Jan 2026S$33.1bS$3.6bS$1.9b18.8x17.5x9.3x
Mon, 29 Dec 2025S$32.7bS$3.6bS$1.6b17x20.3x9.2x
Wed, 26 Nov 2025S$32.5bS$3.6bS$1.6b15.9x20.1x9.1x
Fri, 24 Oct 2025S$32.9bS$3.6bS$1.6b16.2x20.4x9.3x
Sun, 21 Sep 2025S$31.5bS$3.6bS$1.5b16.3x20.9x8.8x
Tue, 19 Aug 2025S$30.0bS$3.6bS$1.5b16.7x19.9x8.4x
Thu, 17 Jul 2025S$29.5bS$3.8bS$1.6b21.5x18.6x7.8x
Sat, 14 Jun 2025S$12.1bS$2.0bS$658.8m26.7x18.4x6.1x
Mon, 12 May 2025S$12.1bS$2.0bS$658.8m26.3x18.4x6x
Wed, 09 Apr 2025S$11.5bS$2.0bS$521.5m23.6x22.1x5.7x
Fri, 07 Mar 2025S$11.9bS$2.0bS$521.5m24.6x22.7x5.9x
Sun, 02 Feb 2025S$12.4bS$2.0bS$459.5m22.6x26.9x6.1x
Tue, 31 Dec 2024S$5.9bS$1.0bS$359.4m13.2x16.5x5.8x
Thu, 28 Nov 2024S$5.8bS$1.0bS$359.4m12.7x16.1x5.6x
Sat, 26 Oct 2024S$6.1bS$1.0bS$359.4m13.6x17x5.9x
Mon, 23 Sep 2024S$6.6bS$1.0bS$359.4m14.8x18.3x6.4x
Wed, 21 Aug 2024S$5.8bS$1.0bS$359.4m13.2x16.2x5.7x
Fri, 19 Jul 2024S$5.8bS$1.0bS$290.9m14.1x20.1x5.7x
Sun, 16 Jun 2024S$5.3bS$1.0bS$290.9m12.7x18.4x5.3x
Tue, 14 May 2024S$5.5bS$1.0bS$290.9m13.1x19.1x5.5x
Thu, 11 Apr 2024S$5.7bS$1.0bS$531.5m7.8x10.7x5.6x
Sat, 09 Mar 2024S$5.3bS$1.0bS$531.5m7.2x10.1x5.3x
Mon, 05 Feb 2024S$10.1bS$1.5bS$419.0m22.1x24x6.8x
Wed, 03 Jan 2024S$10.2bS$1.5bS$569.8m18.9x17.8x6.8x
Fri, 01 Dec 2023S$9.7bS$1.5bS$507.8m12.8x19.1x6.5x
Sun, 29 Oct 2023S$9.3bS$1.5bS$507.8m12.2x18.3x6.2x
Tue, 26 Sep 2023S$9.6bS$1.5bS$507.8m13.4x19x6.4x
Thu, 24 Aug 2023S$9.8bS$1.5bS$507.8m13.4x19.4x6.6x
Sat, 22 Jul 2023S$10.5bS$1.5bS$792.6m15.1x13.3x6.9x
Mon, 19 Jun 2023S$10.8bS$1.5bS$792.6m15.4x13.6x7.1x
Wed, 17 May 2023S$10.8bS$1.5bS$792.6m15.1x13.6x7.1x
Fri, 14 Apr 2023S$11.1bS$1.5bS$792.6m15.7x14x7.3x
Sun, 12 Mar 2023S$98.6bS$12.4bS$6.8b14.2x14.5x7.9x
Tue, 07 Feb 2023S$106.9bS$12.1bS$7.2b12.4x14.9x8.8x
Price to Earnings Ratio

14.9x


Total Market Cap: S$106.9bTotal Earnings: S$7.2bTotal Revenue: S$12.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean REITS Industry Price to Earnings3Y Average 17.9x202420252026
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 17.9x.
  • The 3-year average PS ratio of 6.8x is lower than the industry's current PS ratio of 9.3x.
Past Earnings Growth
  • The earnings for companies in the REITs industry have declined 36% per year over the last three years,
  • Revenues have also declined 33% 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 Market0.49%
Real Estate0.86%
REITS0.20%
Office REITs0.71%
Hotel and Resort REITs0.34%
Diversified REITs0.20%
Residential REITs0%0
Specialized REITs0%0
Healthcare REITs-0.67%
Retail REITs-1.01%
Industrial REITs-1.02%
Industry PE
  • Investors are most optimistic about the Hotel and Resort REITs industry which is trading above its 3-year average PE ratio of 16.2x.
    • Analysts are expecting annual earnings growth of 11.9%, which is higher than its past year's earnings decline of 37.5% per year.
Forecasted Growth
  • Analysts are most optimistic on the Office REITs industry, expecting annual earnings growth of 17% over the next 5 years.
  • However this is lower than its past earnings growth rate of 28% per year.
  • In contrast, the Diversified REITs industry is expected to see its earnings grow by 4.2% 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$2.391.3%
+S$228.3m		22.6%PB1.2x
TS0U OUE Real Estate Investment TrustS$0.381.4%
+S$29.6m		27.1%PB0.7x

Latest News

N2IU
S$1.46
Mapletree Pan Asia Commercial Trust
7D
-0.7%
1Y
20.7%
T82U
S$1.44
Suntec Real Estate Investment Trust
7D
-1.4%
1Y
21.0%
SET
€1.59
Stoneweg Europe Stapled Trust
7D
-5.4%
1Y
1.9%
TS0U
S$0.38
OUE Real Estate Investment Trust
7D
1.4%
1Y
27.1%
C38U
S$2.39
CapitaLand Integrated Commercial Trust
7D
1.3%
1Y
22.6%

C38U: Future Returns Will Reflect Acquisition Execution And Yield Resilience Trade Off

Analysts have nudged their fair value estimate for CapitaLand Integrated Commercial Trust slightly higher from S$2.52 to S$2.54, citing its scale, acquisition potential and supportive views reflected in recent Street research price targets. Analyst Commentary Street research has turned more constructive on CapitaLand Integrated Commercial Trust, with one major global bank lifting its rating and nudging its price target higher from S$2.31 to S$2.59.