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Singaporean (SGX) REITS Industry Analysis

UpdatedJan 16, 2026
DataAggregated Company Financials
Companies5
  • 7D0.4%
  • 3M3.0%
  • 1Y21.4%
  • YTD1.3%

Over the last 7 days, the REITS industry has remained flat. As for the the longer term, the industry is up 24% over the past 12 months. Looking forward, 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
Fri, 16 Jan 2026S$33.3bS$3.6bS$1.6b18.1x20.6x9.4x
Sun, 14 Dec 2025S$32.3bS$3.6bS$1.6b16.8x20x9.1x
Tue, 11 Nov 2025S$32.2bS$3.6bS$1.6b16.4x19.9x9.1x
Thu, 09 Oct 2025S$32.3bS$3.6bS$1.5b15.7x21.4x9.1x
Sat, 06 Sep 2025S$31.1bS$3.6bS$1.5b16.3x20.6x8.7x
Mon, 04 Aug 2025S$28.7bS$3.6bS$1.5b17.2x19.8x8.1x
Wed, 02 Jul 2025S$12.5bS$2.0bS$659.6m25.7x18.9x6.2x
Fri, 30 May 2025S$11.8bS$2.0bS$658.8m25.8x18x5.9x
Sun, 27 Apr 2025S$12.1bS$2.0bS$659.6m24.5x18.4x6.1x
Tue, 25 Mar 2025S$12.5bS$2.0bS$521.5m24.8x23.9x6.2x
Thu, 20 Feb 2025S$12.1bS$2.0bS$459.5m22.2x26.2x6x
Sat, 18 Jan 2025S$12.4bS$2.0bS$817.5m13.8x15.2x6.3x
Mon, 16 Dec 2024S$6.0bS$1.0bS$359.4m13.3x16.7x5.8x
Wed, 13 Nov 2024S$5.8bS$1.0bS$359.4m12.9x16.3x5.7x
Fri, 11 Oct 2024S$6.4bS$1.0bS$359.4m14.3x17.7x6.2x
Sun, 08 Sep 2024S$6.2bS$1.0bS$359.4m13.8x17.1x6x
Tue, 06 Aug 2024S$5.7bS$1.0bS$309.8m12.9x18.4x5.5x
Thu, 04 Jul 2024S$5.3bS$1.0bS$290.9m12.8x18.4x5.3x
Sat, 01 Jun 2024S$5.4bS$1.0bS$290.9m12.8x18.6x5.3x
Mon, 29 Apr 2024S$5.5bS$1.0bS$293.1m12.9x18.6x5.4x
Wed, 27 Mar 2024S$5.4bS$1.0bS$531.5m7.6x10.1x5.3x
Fri, 23 Feb 2024S$5.6bS$1.0bS$402.2m19.7x13.9x5.5x
Sun, 21 Jan 2024S$9.9bS$1.5bS$569.8m18.7x17.4x6.7x
Tue, 19 Dec 2023S$10.1bS$1.5bS$569.8m19.1x17.8x6.8x
Thu, 16 Nov 2023S$9.7bS$1.5bS$507.8m12.7x19.1x6.5x
Sat, 14 Oct 2023S$9.5bS$1.5bS$507.8m12.7x18.7x6.3x
Mon, 11 Sep 2023S$9.8bS$1.5bS$507.8m13.6x19.3x6.6x
Wed, 09 Aug 2023S$10.3bS$1.5bS$576.5m18x17.9x6.9x
Fri, 07 Jul 2023S$10.5bS$1.5bS$792.6m15x13.3x6.9x
Sun, 04 Jun 2023S$10.7bS$1.5bS$792.6m15.4x13.5x7x
Tue, 02 May 2023S$10.8bS$1.5bS$792.6m15.1x13.6x7.1x
Thu, 30 Mar 2023S$10.9bS$1.5bS$792.6m15.1x13.7x7.2x
Sat, 25 Feb 2023S$102.0bS$12.3bS$6.7b14.7x15.3x8.3x
Mon, 23 Jan 2023S$103.0bS$11.6bS$7.9b11.4x13.1x8.9x
Price to Earnings Ratio

13.1x


Total Market Cap: S$103.0bTotal Earnings: S$7.9bTotal Revenue: S$11.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean REITS Industry Price to Earnings3Y Average 17.8x202420252026
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 20.7x which is higher than its 3-year average PE of 17.8x.
  • The 3-year average PS ratio of 6.8x is lower than the industry's current PS ratio of 9.4x.
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 Market1.84%
Real Estate2.41%
REITS0.43%
Office REITs0.68%
Retail REITs0.64%
Hotel and Resort REITs0.58%
Healthcare REITs0.47%
Diversified REITs0.43%
Industrial REITs0.17%
Residential REITs0%0
Specialized REITs0%0
Industry PE
  • Investors are most optimistic about the Hotel and Resort REITs industry which is trading above its 3-year average PE ratio of 16.1x.
    • Analysts are expecting annual earnings growth of 12.1%, 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
N2IU Mapletree Pan Asia Commercial TrustS$1.470.7%
+S$52.8m		21.5%PB0.8x
SET Stoneweg Europe Stapled Trust€1.702.4%
+€22.7m		8.3%PB0.8x
T82U Suntec Real Estate Investment TrustS$1.430.7%
+S$29.5m		15.3%PB0.7x
TS0U OUE Real Estate Investment TrustS$0.371.4%
+S$27.6m		25.4%PB0.6x

Latest News

SET
€1.70
Stoneweg Europe Stapled Trust
7D
2.4%
1Y
8.3%
TS0U
S$0.37
OUE Real Estate Investment Trust
7D
1.4%
1Y
25.4%
N2IU
S$1.47
Mapletree Pan Asia Commercial Trust
7D
0.7%
1Y
21.5%

N2IU: Future Risk Premium And Earnings Multiple Will Maintain Balanced Outlook

Analysts have slightly raised their price target on Mapletree Pan Asia Commercial Trust to S$1.55, citing marginally lower perceived risk and slightly stronger long term revenue growth expectations, while profit margin and valuation multiples remain broadly unchanged. Valuation Changes Fair Value Estimate: Unchanged at approximately SGD 1.55 per unit, reflecting a stable intrinsic valuation despite minor assumption tweaks.
T82U
S$1.43
Suntec Real Estate Investment Trust
7D
0.7%
1Y
15.3%