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Singaporean (SGX) REITS Industry Analysis

UpdatedNov 27, 2021
DataAggregated Company Financials
  • 7D-0.3%
  • 3M0.7%
  • 1Y3.0%
  • YTD1.0%

Over the last 7 days, the REITS industry has risen 1.1%, driven by gains from Mapletree Industrial Trust of 1.1%. This takes the industry's 12 month performance to a gain of 4.5%.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPE
Sat, 27 Nov 2021S$108.9bS$10.1bS$4.1b20.8x
Mon, 25 Oct 2021S$108.3bS$9.9bS$2.5b20.9x
Wed, 22 Sep 2021S$107.0bS$9.8bS$2.2b20.4x
Fri, 20 Aug 2021S$108.2bS$10.0bS$1.7b20.9x
Fri, 04 Jun 2021S$105.3bS$9.5bS$696.6m24.8x
Mon, 08 Mar 2021S$101.1bS$9.1bS$159.9m26.5x
Thu, 10 Dec 2020S$99.1bS$9.1bS$1.5b20.5x
Wed, 02 Sep 2020S$91.0bS$9.2bS$3.9b15.9x
Sat, 06 Jun 2020S$88.2bS$9.3bS$5.2b15x
Tue, 10 Mar 2020S$94.9bS$9.2bS$6.6b14.8x
Mon, 02 Dec 2019S$94.6bS$8.9bS$6.1b17.5x
Thu, 05 Sep 2019S$88.6bS$8.7bS$5.8b16.6x
Sun, 09 Jun 2019S$81.8bS$8.5bS$5.7b14.3x
Sat, 02 Mar 2019S$77.9bS$8.1bS$5.6b13.2x
Tue, 04 Dec 2018S$72.2bS$7.7bS$5.2b15.6x
PE Ratio


Total Market Cap: S$72.2bTotal Earnings: S$5.2bTotal Revenue: S$7.7b0%0%0%3 Year10 Year

Current Industry PE: Investors are relatively neutral on the industry at the moment, considering it's trading close to its 3-year average PE ratio of 18.2x. It appears they believe that earnings will grow in-line with historical growth rates.

Past Earnings Growth: The earnings for companies in the REITs industry have declined 7.5% per year over the last three years, while revenues for these companies have grown 9.3% per year. This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

Which industries have driven the changes within the Singaporean REITS industry?

Healthcare REITs1.87%
Retail REITs1.72%
Specialized REITs1.71%
Diversified REITs1.44%
Industrial REITs0.70%
Office REITs0.44%
Hotel and Resort REITs0.088%

Industry PE: Investors are most optimistic about the Diversified REITs industry which is trading above its 3-year average PE ratio of 20.0x. This is likely because analysts are expecting annual earnings growth of 19%, which is higher than its past year's earnings decline of 5.1% per year. Meanwhile, investors are most pessimistic about the Healthcare REITs industry, which is trading below its 3-year average of 18.4x.

Forecasted Growth: Analysts are most optimistic on the Hotel and Resort REITs industry, expecting annual earnings growth of 35% over the next 5 years. Meanwhile, the Healthcare REITs industry is expected to see its earnings decline by 33% per year over the next few years.

Top Stock Gainers and Losers

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

ME8U Mapletree Industrial Trust1.1%+S$79.8m-8.5%PB1.4x
TS0U OUE Commercial Real Estate Investment Trust2.3%+S$54.4m16.9%PB0.8x
AJBU Keppel DC REIT1.3%+S$51.4m-16.8%PB2.1x
AW9U First Real Estate Investment Trust9.1%+S$40.3m-36.8%PB0.8x
BUOU Frasers Logistics & Commercial Trust0.7%+S$36.9m7.2%PB1.2x
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