Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Singaporean (SGX) REITS Industry Analysis

UpdatedFeb 07, 2026
DataAggregated Company Financials
Companies5
  • 7D0.9%
  • 3M4.0%
  • 1Y22.2%
  • YTD1.5%

In the last week, the REITS industry is flat overall, with OUE Real Estate Investment Trust standing out by going down 5.3%. The past year has been better, since the industry has gained 22% in that time. Earnings are forecast to grow by 1.8% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 08 Feb 2026S$33.4bS$3.6bS$1.9b19.3x17.7x9.4x
Tue, 06 Jan 2026S$32.9bS$3.6bS$1.6b16.7x20.4x9.2x
Thu, 04 Dec 2025S$32.2bS$3.6bS$1.6b16.1x19.9x9x
Sat, 01 Nov 2025S$32.3bS$3.6bS$1.6b15.9x20x9.1x
Mon, 29 Sep 2025S$31.2bS$3.6bS$1.5b15.9x20.7x8.8x
Wed, 27 Aug 2025S$30.9bS$3.6bS$1.5b16.4x20.5x8.7x
Fri, 25 Jul 2025S$28.9bS$3.6bS$1.6b21.9x18.1x8.1x
Sun, 22 Jun 2025S$12.2bS$2.0bS$659.6m25.7x18.5x6.1x
Tue, 20 May 2025S$12.0bS$2.0bS$658.8m26x18.3x6x
Thu, 17 Apr 2025S$11.8bS$2.0bS$521.5m24.2x22.7x5.9x
Sat, 15 Mar 2025S$12.3bS$2.0bS$521.5m23.7x23.6x6.1x
Mon, 10 Feb 2025S$12.1bS$2.0bS$459.5m22.3x26.4x6x
Wed, 08 Jan 2025S$12.4bS$2.0bS$817.5m14x15.1x6.2x
Fri, 06 Dec 2024S$5.9bS$1.0bS$359.4m13x16.4x5.7x
Sun, 03 Nov 2024S$6.0bS$1.0bS$359.4m13.2x16.6x5.8x
Tue, 01 Oct 2024S$6.5bS$1.0bS$359.4m14.7x18.2x6.3x
Thu, 29 Aug 2024S$6.0bS$1.0bS$359.4m13.5x16.7x5.8x
Sat, 27 Jul 2024S$5.8bS$1.0bS$307.0m13.1x18.8x5.7x
Mon, 24 Jun 2024S$5.3bS$1.0bS$290.9m12.6x18.3x5.2x
Wed, 22 May 2024S$5.5bS$1.0bS$290.9m12.9x18.8x5.4x
Fri, 19 Apr 2024S$5.4bS$1.0bS$293.1m12.8x18.5x5.3x
Sun, 17 Mar 2024S$5.3bS$1.0bS$531.5m7.2x9.9x5.2x
Tue, 13 Feb 2024S$5.6bS$1.0bS$402.2m19.9x14x5.5x
Thu, 11 Jan 2024S$10.2bS$1.5bS$569.8m19x17.9x6.8x
Sat, 09 Dec 2023S$9.9bS$1.5bS$569.8m17.8x17.4x6.6x
Mon, 06 Nov 2023S$9.5bS$1.5bS$507.8m12.6x18.8x6.4x
Wed, 04 Oct 2023S$9.5bS$1.5bS$507.8m12.8x18.7x6.4x
Fri, 01 Sep 2023S$9.8bS$1.5bS$507.8m13.5x19.4x6.6x
Sun, 30 Jul 2023S$10.6bS$1.5bS$576.5m18.6x18.4x7.1x
Tue, 27 Jun 2023S$10.6bS$1.5bS$792.6m15.2x13.3x6.9x
Thu, 25 May 2023S$10.8bS$1.5bS$792.6m15.2x13.6x7.1x
Sat, 22 Apr 2023S$11.1bS$1.5bS$792.6m15.5x13.9x7.3x
Mon, 20 Mar 2023S$11.1bS$1.5bS$792.6m16.1x14x7.3x
Wed, 15 Feb 2023S$102.4bS$12.3bS$6.9b12.4x14.9x8.3x
Price to Earnings Ratio

14.9x


Total Market Cap: S$102.4bTotal Earnings: S$6.9bTotal Revenue: S$12.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean REITS Industry Price to Earnings3Y Average 17.9x202420252026
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 17.9x.
  • 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 35% 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 Market0.45%
Real Estate-0.58%
REITS0.89%
Diversified REITs0.89%
Residential REITs0%0
Specialized REITs0%0
Hotel and Resort REITs-0.39%
Healthcare REITs-0.65%
Retail REITs-1.07%
Industrial REITs-1.98%
Office REITs-2.52%
Industry PE
  • Investors are most optimistic about the Office REITs industry which is trading above its 3-year average PE ratio.
    • Analysts are expecting annual earnings decline of 9.8%, which is lower than the prior year's growth of 347.8% per year.
  • Investors are most pessimistic about the Diversified REITs industry, which is trading close to its 3-year average of 17.9x.
Forecasted Growth
  • Analysts are most optimistic on the Retail REITs industry, expecting annual earnings growth of 17% over the next 5 years.
  • This is better than its past earnings growth rate of 1.2% per year.
  • In contrast, the Office REITs industry is expected to see its earnings decline by 9.8% 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
C38U CapitaLand Integrated Commercial TrustS$2.452.5%
+S$456.7m		23.7%PB1.1x
T82U Suntec Real Estate Investment TrustS$1.461.4%
+S$59.1m		24.8%PB0.7x

Latest News

C38U
S$2.45
CapitaLand Integrated Commercial Trust
7D
2.5%
1Y
23.7%
N2IU
S$1.44
Mapletree Pan Asia Commercial Trust
7D
-1.4%
1Y
20.0%

N2IU: Future Margins And Earnings Multiple Will Support Balanced Risk Profile

Analysts have nudged their fair value estimate for Mapletree Pan Asia Commercial Trust up from S$1.55 to about S$1.57, reflecting updated assumptions that include a slightly higher discount rate, softer revenue growth expectations, a stronger profit margin profile and a higher future P/E. Valuation Changes Fair Value: nudged up slightly from S$1.55 to about S$1.57 per unit.
TS0U
S$0.35
OUE Real Estate Investment Trust
7D
-5.3%
1Y
29.1%
T82U
S$1.46
Suntec Real Estate Investment Trust
7D
1.4%
1Y
24.8%