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Singaporean (SGX) REITS Industry Analysis

UpdatedAug 21, 2025
DataAggregated Company Financials
Companies5
  • 7D0.7%
  • 3M10.6%
  • 1Y6.9%
  • YTD11.7%

Over the last 7 days, the REITS industry has risen 1.4%, driven by gains from CapitaLand Integrated Commercial Trust of 1.8%. In the last 12 months, the industry was up 7.3%. Earnings are forecast to grow by 7.1% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 21 Aug 2025S$30.5bS$3.6bS$1.5b16.1x20.2x8.6x
Sat, 19 Jul 2025S$29.6bS$3.8bS$1.6b21.7x18.6x7.8x
Mon, 16 Jun 2025S$12.1bS$2.0bS$658.8m26.7x18.4x6.1x
Wed, 14 May 2025S$12.2bS$2.0bS$658.8m26.7x18.5x6.1x
Fri, 11 Apr 2025S$11.4bS$2.0bS$521.5m24.4x21.8x5.7x
Sun, 09 Mar 2025S$11.8bS$2.0bS$521.5m24.4x22.7x5.9x
Tue, 04 Feb 2025S$12.1bS$2.0bS$459.5m22.3x26.3x6x
Thu, 02 Jan 2025S$5.9bS$1.0bS$359.4m13x16.3x5.7x
Sat, 30 Nov 2024S$5.8bS$1.0bS$359.4m12.6x16x5.6x
Mon, 28 Oct 2024S$6.1bS$1.0bS$359.4m13.6x17x5.9x
Wed, 25 Sep 2024S$6.5bS$1.0bS$359.4m14.6x18x6.3x
Fri, 23 Aug 2024S$5.9bS$1.0bS$359.4m13.4x16.4x5.7x
Sun, 21 Jul 2024S$5.8bS$1.0bS$290.9m14.1x20.1x5.7x
Tue, 18 Jun 2024S$5.3bS$1.0bS$290.9m12.7x18.4x5.3x
Thu, 16 May 2024S$5.5bS$1.0bS$290.9m13x19x5.4x
Sat, 13 Apr 2024S$5.5bS$1.0bS$531.5m7.5x10.4x5.5x
Mon, 11 Mar 2024S$5.3bS$1.0bS$531.5m7.2x10.1x5.3x
Wed, 07 Feb 2024S$5.6bS$1.0bS$402.2m19.5x13.8x5.4x
Fri, 05 Jan 2024S$10.2bS$1.5bS$569.8m18.9x17.8x6.8x
Sun, 03 Dec 2023S$9.7bS$1.5bS$569.8m17.6x17x6.5x
Tue, 31 Oct 2023S$9.3bS$1.5bS$507.8m12.3x18.3x6.2x
Thu, 28 Sep 2023S$9.6bS$1.5bS$507.8m12.9x18.8x6.4x
Sat, 26 Aug 2023S$9.8bS$1.5bS$507.8m13.5x19.4x6.6x
Mon, 24 Jul 2023S$10.5bS$1.5bS$792.6m15.1x13.3x6.9x
Wed, 21 Jun 2023S$10.8bS$1.5bS$792.6m15.4x13.6x7.1x
Fri, 19 May 2023S$10.8bS$1.5bS$792.6m14.9x13.6x7.1x
Sun, 16 Apr 2023S$11.2bS$1.5bS$792.6m15.9x14.1x7.4x
Tue, 14 Mar 2023S$97.8bS$12.4bS$6.8b14.1x14.4x7.9x
Thu, 09 Feb 2023S$105.9bS$12.0bS$7.2b12.3x14.7x8.8x
Sat, 07 Jan 2023S$99.5bS$11.6bS$7.9b11.2x12.6x8.6x
Mon, 05 Dec 2022S$99.1bS$11.8bS$8.0b11.5x12.4x8.4x
Wed, 02 Nov 2022S$96.4bS$11.8bS$8.1b11.2x11.9x8.2x
Fri, 30 Sep 2022S$99.7bS$11.5bS$7.9b11.5x12.6x8.6x
Sun, 28 Aug 2022S$110.6bS$11.5bS$8.0b13.1x13.8x9.6x
Price to Earnings Ratio

13.8x


Total Market Cap: S$110.6bTotal Earnings: S$8.0bTotal Revenue: S$11.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean REITS Industry Price to Earnings3Y Average 16.7x202320242025
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 20.2x which is higher than its 3-year average PE of 16.7x.
  • The 3-year average PS ratio of 6.7x is lower than the industry's current PS ratio of 8.6x.
Past Earnings Growth
  • The earnings for companies in the REITs industry have declined 43% per year over the last three years,
  • Revenues have also declined 32% 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 Market-1.01%
Real Estate0.016%
REITS0.74%
Healthcare REITs1.46%
Retail REITs0.86%
Diversified REITs0.74%
Office REITs0.38%
Specialized REITs0%0
Hotel and Resort REITs-0.28%
Industrial REITs-0.39%
Industry PE
  • Investors are most optimistic about the Hotel and Resort REITs industry which is trading above its 3-year average PE ratio of 14.6x.
    • Analysts are expecting annual earnings growth of 13.2%, which is higher than its past year's earnings decline of 69.7% 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 7.1% 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$2.251.8%
+S$304.1m		8.2%PB1.1x
N2IU Mapletree Pan Asia Commercial TrustS$1.360.7%
+S$52.7m		4.6%PB0.8x

Latest News

SET
€1.53
Stoneweg Europe Stapled Trust
7D
-3.2%
1Y
10.1%
T82U
S$1.23
Suntec Real Estate Investment Trust
7D
-2.4%
1Y
2.5%
C38U
S$2.25
CapitaLand Integrated Commercial Trust
7D
1.8%
1Y
8.2%
N2IU
S$1.36
Mapletree Pan Asia Commercial Trust
7D
0.7%
1Y
4.6%

Mapletree Pan Asia Commercial Trust (SGX:N2IU) First-Quarter Results Just Came Out: Here's What Analysts Are Forecasting For This Year

Aug 01
Mapletree Pan Asia Commercial Trust (SGX:N2IU) First-Quarter Results Just Came Out: Here's What Analysts Are Forecasting For This Year