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Singaporean (SGX) REITS Industry Analysis

UpdatedMay 13, 2025
DataAggregated Company Financials
Companies4
  • 7D-0.3%
  • 3M0.8%
  • 1Y-0.08%
  • YTD-2.7%

Over the last 7 days, the REITS industry has remained flat. In line with that, the industry has also been flat over the past 12 months. Looking forward, earnings are forecast to grow by 12% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 13 May 2025S$12.1bS$2.0bS$658.8m26.3x18.4x6x
Thu, 10 Apr 2025S$11.2bS$2.0bS$521.5m23.7x21.5x5.6x
Sat, 08 Mar 2025S$11.8bS$2.0bS$521.5m24.4x22.7x5.9x
Mon, 03 Feb 2025S$12.4bS$2.0bS$459.5m22.6x26.9x6.1x
Wed, 01 Jan 2025S$5.9bS$1.0bS$359.4m13x16.3x5.7x
Fri, 29 Nov 2024S$5.8bS$1.0bS$359.4m12.7x16.1x5.6x
Sun, 27 Oct 2024S$6.1bS$1.0bS$359.4m13.6x17x5.9x
Tue, 24 Sep 2024S$6.6bS$1.0bS$359.4m14.8x18.3x6.4x
Thu, 22 Aug 2024S$5.8bS$1.0bS$359.4m13.2x16.3x5.7x
Sat, 20 Jul 2024S$5.7bS$1.0bS$290.9m14.1x19.8x5.7x
Mon, 17 Jun 2024S$5.3bS$1.0bS$290.9m12.7x18.4x5.3x
Wed, 15 May 2024S$5.5bS$1.0bS$290.9m13.1x19x5.5x
Fri, 12 Apr 2024S$5.6bS$1.0bS$531.5m7.8x10.6x5.5x
Sun, 10 Mar 2024S$5.3bS$1.0bS$531.5m7.2x10.1x5.3x
Tue, 06 Feb 2024S$5.7bS$1.0bS$402.2m19.9x14.1x5.5x
Thu, 04 Jan 2024S$10.2bS$1.5bS$569.8m19x17.9x6.8x
Sat, 02 Dec 2023S$9.7bS$1.5bS$569.8m17.6x17x6.5x
Mon, 30 Oct 2023S$9.3bS$1.5bS$507.8m12.2x18.3x6.2x
Wed, 27 Sep 2023S$9.7bS$1.5bS$507.8m13.3x19.1x6.5x
Fri, 25 Aug 2023S$9.8bS$1.5bS$507.8m13.4x19.3x6.6x
Sun, 23 Jul 2023S$10.5bS$1.5bS$792.6m15.1x13.3x6.9x
Tue, 20 Jun 2023S$10.8bS$1.5bS$792.6m15.3x13.6x7.1x
Thu, 18 May 2023S$10.8bS$1.5bS$792.6m15x13.6x7.1x
Sat, 15 Apr 2023S$11.2bS$1.5bS$792.6m15.9x14.1x7.4x
Mon, 13 Mar 2023S$98.6bS$12.4bS$6.8b14.2x14.5x7.9x
Wed, 08 Feb 2023S$105.9bS$12.0bS$7.2b12.3x14.7x8.9x
Fri, 06 Jan 2023S$101.0bS$11.6bS$7.9b11.1x12.8x8.7x
Sun, 04 Dec 2022S$99.1bS$11.8bS$8.0b11.5x12.4x8.4x
Tue, 01 Nov 2022S$95.5bS$11.8bS$8.1b11.2x11.8x8.1x
Thu, 29 Sep 2022S$100.1bS$11.5bS$7.9b11.7x12.6x8.7x
Sat, 27 Aug 2022S$110.6bS$11.5bS$8.0b13.1x13.8x9.6x
Mon, 25 Jul 2022S$106.9bS$11.1bS$7.9b13.7x13.6x9.7x
Wed, 22 Jun 2022S$105.9bS$11.0bS$7.9b13.9x13.5x9.6x
Fri, 20 May 2022S$108.2bS$11.2bS$7.9b13.7x13.7x9.7x
Price to Earnings Ratio

13.7x


Total Market Cap: S$108.2bTotal Earnings: S$7.9bTotal Revenue: S$11.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean REITS Industry Price to Earnings3Y Average 16.3x202320242025
Current Industry PE
  • Investors are optimistic on the Singaporean REITs industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 18.4x which is higher than its 3-year average PE of 16.3x.
  • The 3-year average PS ratio of 7.0x is higher than the industry's current PS ratio of 6.0x.
Past Earnings Growth
  • The earnings for companies in the REITs industry have declined 56% per year over the last three years,
  • Revenues have also declined 44% 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 Market0.30%
Real Estate-0.79%
REITS-0.29%
Office REITs0.083%
Hotel and Resort REITs0.054%
Specialized REITs0%0
Healthcare REITs0%0
Diversified REITs-0.29%
Retail REITs-0.91%
Industrial REITs-2.70%
Industry PE
  • Investors are most optimistic about the Healthcare REITs industry which is trading above its 3-year average PE ratio of 22.7x.
    • Analysts are expecting annual earnings growth of 10.8%, which is higher than its past year's earnings decline of 29.8% 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 Retail REITs industry is expected to see its earnings grow by 2.3% 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
TS0U OUE Real Estate Investment TrustS$0.291.8%
+S$27.5m		7.4%PB0.5x
CWBU Stoneweg European Real Estate Investment Trust€1.540.7%
+€5.6m		2.0%PB0.7x
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Latest News

CWBU

€1.54

Stoneweg European Real Estate Investment Trust

7D

0.7%

1Y

2.0%

TS0U

S$0.29

OUE Real Estate Investment Trust

7D

1.8%

1Y

7.4%