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Singaporean (SGX) REITS Industry Analysis

UpdatedJan 22, 2025
DataAggregated Company Financials
Companies4
  • 7D0.2%
  • 3M-9.4%
  • 1Y-7.2%
  • YTD-0.2%

Over the last 7 days, the REITS industry has risen 1.5%, driven by gains from Mapletree Pan Asia Commercial Trust of 0.8%. In contrast, the industry has lost 6.1% in the last 12 months. As for the next few years, earnings are expected to grow by 5.3% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 22 Jan 2025S$12.4bS$2.0bS$817.5m13.8x15.1x6.3x
Fri, 20 Dec 2024S$5.9bS$1.0bS$359.4m13x16.3x5.7x
Sun, 17 Nov 2024S$5.8bS$1.0bS$359.4m12.9x16.2x5.7x
Tue, 15 Oct 2024S$6.3bS$1.0bS$359.4m14.2x17.6x6.1x
Thu, 12 Sep 2024S$6.3bS$1.0bS$359.4m14x17.4x6.1x
Sat, 10 Aug 2024S$5.7bS$1.0bS$359.4m12.9x15.9x5.6x
Mon, 08 Jul 2024S$5.3bS$1.0bS$290.9m12.8x18.4x5.3x
Wed, 05 Jun 2024S$5.4bS$1.0bS$290.9m12.9x18.6x5.3x
Fri, 03 May 2024S$5.4bS$1.0bS$293.1m12.9x18.6x5.3x
Sun, 31 Mar 2024S$5.5bS$1.0bS$531.5m7.8x10.3x5.4x
Tue, 27 Feb 2024S$5.6bS$1.0bS$402.2m19.7x14x5.5x
Thu, 25 Jan 2024S$10.1bS$1.4bS$495.8m21.6x20.4x7.1x
Sat, 23 Dec 2023S$10.1bS$1.5bS$569.8m19x17.8x6.8x
Mon, 20 Nov 2023S$9.6bS$1.5bS$507.8m12.5x18.9x6.4x
Wed, 18 Oct 2023S$9.5bS$1.5bS$507.8m12.7x18.7x6.3x
Fri, 15 Sep 2023S$9.7bS$1.5bS$507.8m13.5x19.2x6.5x
Sun, 13 Aug 2023S$10.3bS$1.5bS$576.5m17.9x17.8x6.9x
Tue, 11 Jul 2023S$10.5bS$1.5bS$792.6m15x13.2x6.9x
Thu, 08 Jun 2023S$10.8bS$1.5bS$792.6m15.3x13.6x7.1x
Sat, 06 May 2023S$10.9bS$1.5bS$792.6m15.1x13.7x7.2x
Mon, 03 Apr 2023S$10.9bS$1.5bS$792.6m15.2x13.8x7.2x
Wed, 01 Mar 2023S$98.9bS$11.8bS$6.6b14.7x15x8.4x
Fri, 27 Jan 2023S$105.8bS$11.6bS$7.9b11.6x13.4x9.1x
Sun, 25 Dec 2022S$98.6bS$11.8bS$8.0b11.3x12.4x8.4x
Tue, 22 Nov 2022S$99.6bS$11.8bS$8.0b11.4x12.5x8.5x
Thu, 20 Oct 2022S$94.1bS$11.5bS$7.9b10.8x11.8x8.2x
Sat, 17 Sep 2022S$108.8bS$11.5bS$7.9b12.9x13.7x9.4x
Mon, 15 Aug 2022S$112.6bS$11.5bS$8.0b12.8x14x9.8x
Wed, 13 Jul 2022S$106.3bS$11.0bS$7.9b13.8x13.5x9.6x
Fri, 10 Jun 2022S$109.2bS$11.0bS$7.9b14.2x13.9x9.9x
Sun, 08 May 2022S$111.1bS$11.1bS$7.9b13.7x14x10x
Tue, 05 Apr 2022S$113.2bS$11.1bS$7.3b15x15.4x10.2x
Thu, 03 Mar 2022S$107.1bS$11.1bS$7.3b15.3x14.7x9.7x
Sat, 29 Jan 2022S$104.0bS$10.4bS$4.9b17.1x21.4x10x
Price to Earnings Ratio

21.4x


Total Market Cap: S$104.0bTotal Earnings: S$4.9bTotal Revenue: S$10.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean REITS Industry Price to Earnings3Y Average 15.6x202320242025
Current Industry PE
  • Investors are relatively neutral on the Singaporean REITs industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 15.6x.
  • The 3-year average PS ratio of 7.4x is higher than the industry's current PS ratio of 6.3x.
Past Earnings Growth
  • The earnings for companies in the REITs industry have declined 45% per year over the last three years,
  • Revenues have also declined 42% 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 Market0.46%
Real Estate1.67%
REITS0.18%
Office REITs5.31%
Healthcare REITs3.65%
Retail REITs2.19%
Industrial REITs2.12%
Hotel and Resort REITs1.60%
Diversified REITs0.18%
Residential REITs0%0
Specialized REITs0%0
Industry PE
  • Investors are most optimistic about the Industrial REITs industry which is trading above its 3-year average PE ratio of 28.6x.
    • Analysts are expecting annual earnings growth of 20.2%, which is higher than its past year's earnings decline of 51.1% per year.
Forecasted Growth
  • Analysts are most optimistic on the Office REITs industry, expecting annual earnings growth of 35% over the next 5 years.
  • This is better than its past earnings decline of 56% per year.
  • In contrast, the Hotel and Resort REITs industry is expected to see its earnings decline by 7.3% 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$1.200.8%
+S$52.6m		-17.2%PB0.7x
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