Singaporean (SGX) REITS Industry Analysis
- 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?
| Date | Market Cap | Revenue | Earnings | PE |
|---|---|---|---|---|
| Sat, 27 Nov 2021 | S$108.9b | S$10.1b | S$4.1b | 20.8x |
| Mon, 25 Oct 2021 | S$108.3b | S$9.9b | S$2.5b | 20.9x |
| Wed, 22 Sep 2021 | S$107.0b | S$9.8b | S$2.2b | 20.4x |
| Fri, 20 Aug 2021 | S$108.2b | S$10.0b | S$1.7b | 20.9x |
| Fri, 04 Jun 2021 | S$105.3b | S$9.5b | S$696.6m | 24.8x |
| Mon, 08 Mar 2021 | S$101.1b | S$9.1b | S$159.9m | 26.5x |
| Thu, 10 Dec 2020 | S$99.1b | S$9.1b | S$1.5b | 20.5x |
| Wed, 02 Sep 2020 | S$91.0b | S$9.2b | S$3.9b | 15.9x |
| Sat, 06 Jun 2020 | S$88.2b | S$9.3b | S$5.2b | 15x |
| Tue, 10 Mar 2020 | S$94.9b | S$9.2b | S$6.6b | 14.8x |
| Mon, 02 Dec 2019 | S$94.6b | S$8.9b | S$6.1b | 17.5x |
| Thu, 05 Sep 2019 | S$88.6b | S$8.7b | S$5.8b | 16.6x |
| Sun, 09 Jun 2019 | S$81.8b | S$8.5b | S$5.7b | 14.3x |
| Sat, 02 Mar 2019 | S$77.9b | S$8.1b | S$5.6b | 13.2x |
| Tue, 04 Dec 2018 | S$72.2b | S$7.7b | S$5.2b | 15.6x |
15.6x
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 REITs | 1.87% | |
| Retail REITs | 1.72% | |
| Specialized REITs | 1.71% | |
| Diversified REITs | 1.44% | |
| Industrial REITs | 0.70% | |
| Office REITs | 0.44% | |
| Hotel and Resort REITs | 0.088% | |
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?
| Company | 7D | 1Y | Valuation | |
|---|---|---|---|---|
| ME8U Mapletree Industrial Trust | 1.1%+S$79.8m | -8.5% | PB1.4x | |
| TS0U OUE Commercial Real Estate Investment Trust | 2.3%+S$54.4m | 16.9% | PB0.8x | |
| AJBU Keppel DC REIT | 1.3%+S$51.4m | -16.8% | PB2.1x | |
| AW9U First Real Estate Investment Trust | 9.1%+S$40.3m | -36.8% | PB0.8x | |
| BUOU Frasers Logistics & Commercial Trust | 0.7%+S$36.9m | 7.2% | PB1.2x |