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Singaporean (SGX) REITS Industry Analysis

UpdatedJan 01, 2026
DataAggregated Company Financials
Companies5
  • 7D1.2%
  • 3M3.0%
  • 1Y22.3%
  • YTD21.0%

Over the last 7 days, the REITS industry has remained flat. The past year has been better, since the industry has gained 22% in that time. Looking forward, earnings are forecast to grow by 6.5% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 01 Jan 2026S$33.1bS$3.6bS$1.6b17x20.5x9.3x
Sat, 29 Nov 2025S$32.4bS$3.6bS$1.6b16x20.1x9.1x
Mon, 27 Oct 2025S$32.8bS$3.6bS$1.6b16.2x20.3x9.2x
Wed, 24 Sep 2025S$31.7bS$3.6bS$1.5b16.2x21x8.9x
Fri, 22 Aug 2025S$30.6bS$3.6bS$1.5b16.2x20.3x8.6x
Sun, 20 Jul 2025S$29.6bS$3.8bS$1.6b21.7x18.6x7.8x
Tue, 17 Jun 2025S$12.1bS$2.0bS$658.8m26.7x18.3x6x
Thu, 15 May 2025S$12.2bS$2.0bS$658.8m26x18.5x6.1x
Sat, 12 Apr 2025S$11.4bS$2.0bS$521.5m24.2x21.9x5.7x
Mon, 10 Mar 2025S$11.8bS$2.0bS$521.5m24.4x22.7x5.9x
Wed, 05 Feb 2025S$12.0bS$2.0bS$459.5m22.2x26.2x6x
Fri, 03 Jan 2025S$12.4bS$2.0bS$817.5m14x15.2x6.3x
Sun, 01 Dec 2024S$5.8bS$1.0bS$359.4m12.6x16x5.6x
Tue, 29 Oct 2024S$6.1bS$1.0bS$359.4m13.6x17x5.9x
Thu, 26 Sep 2024S$6.5bS$1.0bS$359.4m14.6x18x6.3x
Sat, 24 Aug 2024S$5.9bS$1.0bS$359.4m13.2x16.3x5.7x
Mon, 22 Jul 2024S$5.8bS$1.0bS$290.9m14.1x20.1x5.7x
Wed, 19 Jun 2024S$5.4bS$1.0bS$290.9m12.8x18.5x5.3x
Fri, 17 May 2024S$5.6bS$1.0bS$290.9m13.2x19.1x5.5x
Sun, 14 Apr 2024S$5.5bS$1.0bS$531.5m7.5x10.4x5.5x
Tue, 12 Mar 2024S$5.4bS$1.0bS$531.5m7.4x10.1x5.3x
Thu, 08 Feb 2024S$5.6bS$1.0bS$402.2m19.9x14x5.5x
Sat, 06 Jan 2024S$10.2bS$1.5bS$569.8m19x17.9x6.8x
Mon, 04 Dec 2023S$9.7bS$1.5bS$569.8m17.6x17x6.5x
Wed, 01 Nov 2023S$9.4bS$1.5bS$507.8m12.3x18.4x6.3x
Fri, 29 Sep 2023S$9.5bS$1.5bS$507.8m12.8x18.7x6.3x
Sun, 27 Aug 2023S$9.8bS$1.5bS$507.8m13.5x19.4x6.6x
Tue, 25 Jul 2023S$10.6bS$1.5bS$792.6m15.3x13.3x6.9x
Thu, 22 Jun 2023S$10.7bS$1.5bS$792.6m15.3x13.5x7x
Sat, 20 May 2023S$10.7bS$1.5bS$792.6m15.2x13.6x7.1x
Mon, 17 Apr 2023S$11.2bS$1.5bS$792.6m15.9x14.1x7.4x
Wed, 15 Mar 2023S$99.1bS$12.4bS$6.8b14.5x14.6x8x
Fri, 10 Feb 2023S$103.9bS$12.0bS$7.4b11.9x14x8.6x
Sun, 08 Jan 2023S$99.5bS$11.6bS$7.9b11.2x12.6x8.6x
Price to Earnings Ratio

12.6x


Total Market Cap: S$99.5bTotal Earnings: S$7.9bTotal Revenue: S$11.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean REITS Industry Price to Earnings3Y Average 17.7x202420252026
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 20.3x which is higher than its 3-year average PE of 17.7x.
  • The 3-year average PS ratio of 6.8x is lower than the industry's current PS ratio of 9.2x.
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 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 Market0.31%
Real Estate0.63%
REITS1.20%
Industrial REITs1.39%
Healthcare REITs1.22%
Diversified REITs1.20%
Hotel and Resort REITs1.13%
Retail REITs0.97%
Residential REITs0%0
Specialized REITs0%0
Office REITs-0.38%
Industry PE
  • Investors are most optimistic about the Hotel and Resort REITs industry which is trading above its 3-year average PE ratio of 15.9x.
    • Analysts are expecting annual earnings growth of 12.0%, 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 Healthcare REITs industry is expected to see its earnings grow by 4.7% 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		23.8%PB1.2x
N2IU Mapletree Pan Asia Commercial TrustS$1.471.4%
+S$105.6m		21.5%PB0.8x
T82U Suntec Real Estate Investment TrustS$1.440.7%
+S$29.5m		23.1%PB0.7x
TS0U OUE Real Estate Investment TrustS$0.361.4%
+S$27.6m		26.3%PB0.6x
SET Stoneweg Europe Stapled Trust€1.630.6%
+€5.6m		3.2%PB0.7x

Latest News

N2IU
S$1.47
Mapletree Pan Asia Commercial Trust
7D
1.4%
1Y
21.5%
SET
€1.63
Stoneweg Europe Stapled Trust
7D
0.6%
1Y
3.2%
C38U
S$2.39
CapitaLand Integrated Commercial Trust
7D
1.3%
1Y
23.8%

C38U: Future Returns Will Reflect Scale Driven Acquisitions And Yield Trade Off

Analysts have raised their price target on CapitaLand Integrated Commercial Trust from S$2.52 to S$2.59, citing the REIT's scale, its relatively lower dividend yield versus peers, and its stronger positioning to capitalize on acquisition opportunities. Analyst Commentary Analyst sentiment around CapitaLand Integrated Commercial Trust remains skewed to the upside, with recent upgrades reflecting confidence in its ability to leverage its size and funding access for accretive growth.
TS0U
S$0.36
OUE Real Estate Investment Trust
7D
1.4%
1Y
26.3%
T82U
S$1.44
Suntec Real Estate Investment Trust
7D
0.7%
1Y
23.1%