Singaporean (SGX) REITS Industry Analysis
UpdatedNov 27, 2022
DataAggregated Company Financials
Companies40
- 7D-1.5%
- 3M-9.8%
- 1Y-15.9%
- YTD-15.1%
Over the last 7 days, the REITS industry has dropped 1.5%, driven by Mapletree Logistics Trust declining 4.2%. Overall the industry is down 16% in 12 months. As for the next few years, earnings are expected to grow by 1.3% per annum.
Industry Valuation and Performance
Has the Singaporean REITS Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 28 Nov 2022 | S$99.2b | S$11.8b | S$8.0b | 11.5x | 12.4x | 8.4x |
| Wed, 26 Oct 2022 | S$92.9b | S$11.5b | S$7.9b | 10.6x | 11.7x | 8x |
| Fri, 23 Sep 2022 | S$107.6b | S$11.5b | S$7.9b | 12.6x | 13.6x | 9.3x |
| Sun, 21 Aug 2022 | S$112.4b | S$11.5b | S$8.0b | 13.1x | 14.1x | 9.7x |
| Tue, 19 Jul 2022 | S$105.9b | S$11.0b | S$7.9b | 13.6x | 13.5x | 9.6x |
| Thu, 16 Jun 2022 | S$105.4b | S$11.0b | S$7.9b | 13.8x | 13.4x | 9.6x |
| Sat, 14 May 2022 | S$107.7b | S$11.2b | S$7.9b | 13.9x | 13.6x | 9.7x |
| Mon, 11 Apr 2022 | S$112.3b | S$11.1b | S$7.3b | 14.8x | 15.3x | 10.2x |
| Wed, 09 Mar 2022 | S$92.6b | S$9.8b | S$6.2b | 16.4x | 14.9x | 9.5x |
| Fri, 04 Feb 2022 | S$105.2b | S$10.8b | S$5.8b | 17.7x | 18x | 9.7x |
| Sun, 02 Jan 2022 | S$110.3b | S$10.2b | S$4.2b | 20.4x | 26.4x | 10.8x |
| Tue, 30 Nov 2021 | S$107.5b | S$10.1b | S$4.1b | 20.6x | 26x | 10.6x |
| Thu, 28 Oct 2021 | S$109.0b | S$10.0b | S$2.7b | 20.9x | 39.9x | 10.9x |
| Sat, 25 Sep 2021 | S$108.1b | S$9.8b | S$2.2b | 20.4x | 49.4x | 11x |
| Mon, 23 Aug 2021 | S$108.3b | S$10.0b | S$1.7b | 20.7x | 64.6x | 10.9x |
| Sat, 10 Jul 2021 | S$107.2b | S$10.0b | S$1.7b | 21x | 63.9x | 10.8x |
| Fri, 02 Apr 2021 | S$105.3b | S$9.5b | S$696.6m | 24.8x | 151.1x | 11.1x |
| Mon, 04 Jan 2021 | S$103.0b | S$9.1b | S$163.7m | 26.8x | 629.1x | 11.3x |
| Thu, 08 Oct 2020 | S$91.0b | S$9.1b | S$1.5b | 19.6x | 61.6x | 10x |
| Wed, 01 Jul 2020 | S$88.1b | S$9.2b | S$4.0b | 15.9x | 21.9x | 9.6x |
| Sat, 04 Apr 2020 | S$75.6b | S$9.3b | S$5.3b | 13.1x | 14.2x | 8.1x |
| Tue, 07 Jan 2020 | S$98.0b | S$9.2b | S$6.6b | 15.8x | 14.9x | 10.7x |
Price to Earnings Ratio
15.5x
Current Industry PE
- Investors are pessimistic on the Singaporean REITs industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 12.4x which is lower than its 3-year average PE of 87.5x.
- The 3-year average PS ratio of 10.2x is higher than the industry's current PS ratio of 8.4x.
Past Earnings Growth
- The earnings for companies in the REITs industry have grown 9.3% per year over the last three years.
- Revenues for these companies have grown 9.6% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Singaporean Real Estate industry?
| SG Market | -0.57% | |
| Real Estate | -0.96% | |
| REITS | -1.54% | |
| Hotel and Resort REITs | 0.24% | |
| Residential REITs | 0% | |
| Specialized REITs | -0.27% | |
| Retail REITs | -0.71% | |
| Diversified REITs | -0.95% | |
| Industrial REITs | -2.64% | |
| Office REITs | -2.74% | |
| Healthcare REITs | -4.34% | |
Industry PE
- Investors are most optimistic about the Hotel and Resort REITs industry which is trading above its 3-year average PE ratio of 4.8x.
- Analysts are expecting annual earnings growth of 11.0%, which is lower than the prior year's growth of 329.1% per year.
- Investors are most pessimistic about the Office REITs industry, which is trading below its 3-year average of 28.5x.
Forecasted Growth
- Analysts are most optimistic on the Diversified REITs industry, expecting annual earnings growth of 16% over the next 5 years.
- In contrast, the Healthcare REITs industry is expected to see its earnings decline by 13% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| JYEU Lendlease Global Commercial REIT | S$0.73 | 3.5% +S$57.2m | -17.4% | PB0.8x | |
| J69U Frasers Centrepoint Trust | S$2.06 | 1.5% +S$51.1m | -12.0% | PB0.9x | |
| Q5T Far East Hospitality Trust | S$0.62 | 3.3% +S$39.7m | 2.5% | PB0.7x | |
| BTOU Manulife US Real Estate Investment Trust | US$0.39 | 4.1% +US$26.6m | -46.5% | PB0.5x | |
| DCRU Digital Core REIT | US$0.60 | 2.6% +US$16.9m | n/a | PB0.7x |