Singaporean (SGX) REITS Industry Analysis

UpdatedMar 02, 2026

DataAggregated Company Financials

Companies5

7D0.3%
3M3.7%
1Y23.5%
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 1.5% annually.

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
Tue, 03 Mar 2026	S$33.4b	S$3.6b	S$1.9b	19.9x	17.9x	9.3x
Thu, 29 Jan 2026	S$33.1b	S$3.6b	S$1.9b	18.5x	17.5x	9.3x
Sat, 27 Dec 2025	S$32.7b	S$3.6b	S$1.6b	17x	20.3x	9.2x
Mon, 24 Nov 2025	S$32.1b	S$3.6b	S$1.6b	16.1x	19.9x	9x
Wed, 22 Oct 2025	S$32.7b	S$3.6b	S$1.5b	16x	21.7x	9.2x
Fri, 19 Sep 2025	S$31.4b	S$3.6b	S$1.5b	16.2x	20.8x	8.8x
Sun, 17 Aug 2025	S$30.2b	S$3.6b	S$1.5b	16.7x	20x	8.5x
Tue, 15 Jul 2025	S$29.5b	S$3.8b	S$1.6b	21.6x	18.6x	7.8x
Thu, 12 Jun 2025	S$12.2b	S$2.0b	S$658.8m	27.4x	18.5x	6.1x
Sat, 10 May 2025	S$12.1b	S$2.0b	S$658.8m	26.3x	18.4x	6x
Mon, 07 Apr 2025	S$12.5b	S$2.0b	S$521.5m	25.3x	24x	6.2x
Wed, 05 Mar 2025	S$11.9b	S$2.0b	S$521.5m	26.5x	22.8x	5.9x
Fri, 31 Jan 2025	S$12.4b	S$2.0b	S$459.5m	22.7x	27.1x	6.2x
Sun, 29 Dec 2024	S$5.9b	S$1.0b	S$359.4m	12.9x	16.3x	5.7x
Tue, 26 Nov 2024	S$5.8b	S$1.0b	S$359.4m	12.7x	16.1x	5.6x
Thu, 24 Oct 2024	S$6.2b	S$1.0b	S$359.4m	13.8x	17.3x	6x
Sat, 21 Sep 2024	S$6.6b	S$1.0b	S$359.4m	14.8x	18.3x	6.4x
Mon, 19 Aug 2024	S$5.8b	S$1.0b	S$359.4m	13x	16x	5.6x
Wed, 17 Jul 2024	S$5.7b	S$1.0b	S$290.9m	13.9x	19.8x	5.7x
Fri, 14 Jun 2024	S$5.3b	S$1.0b	S$290.9m	12.7x	18.3x	5.3x
Sun, 12 May 2024	S$5.5b	S$1.0b	S$290.9m	13x	18.9x	5.4x
Tue, 09 Apr 2024	S$5.6b	S$1.0b	S$531.5m	7.6x	10.6x	5.5x
Thu, 07 Mar 2024	S$5.4b	S$1.0b	S$531.5m	7.2x	10.2x	5.3x
Sat, 03 Feb 2024	S$10.1b	S$1.5b	S$419.0m	22.1x	24x	6.8x
Mon, 01 Jan 2024	S$10.2b	S$1.5b	S$569.8m	19x	17.9x	6.8x
Wed, 29 Nov 2023	S$9.7b	S$1.5b	S$507.8m	12.6x	19x	6.5x
Fri, 27 Oct 2023	S$9.4b	S$1.5b	S$507.8m	12.4x	18.5x	6.3x
Sun, 24 Sep 2023	S$9.6b	S$1.5b	S$507.8m	13.3x	18.9x	6.4x
Tue, 22 Aug 2023	S$10.0b	S$1.5b	S$507.8m	13.4x	19.8x	6.7x
Thu, 20 Jul 2023	S$10.6b	S$1.5b	S$792.6m	15.3x	13.4x	7x
Sat, 17 Jun 2023	S$10.8b	S$1.5b	S$792.6m	15.4x	13.6x	7.1x
Mon, 15 May 2023	S$10.8b	S$1.5b	S$792.6m	15.1x	13.7x	7.1x
Wed, 12 Apr 2023	S$11.1b	S$1.5b	S$792.6m	15.7x	14x	7.3x
Fri, 10 Mar 2023	S$99.4b	S$12.4b	S$6.8b	14.3x	14.6x	8x

Price to Earnings Ratio

14.6x

Fri, 10 Mar 2023

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 18.0x.

The 3-year average PS ratio of 6.8x is lower than the industry's current PS ratio of 9.3x.

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 34% 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 Market	-0.35%
Real Estate	-0.33%
REITS	0.26%
Office REITs	0.67%
Diversified REITs	0.26%
Residential REITs	0%	0
Specialized REITs	0%	0
Industrial REITs	-0.30%
Healthcare REITs	-0.74%
Retail REITs	-1.64%
Hotel and Resort REITs	-2.23%

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 7.7%, which is lower than the prior year's growth of 250.2% per year.

Investors are most pessimistic about the Healthcare REITs industry, which is trading below its 3-year average of 26.6x.

Forecasted Growth

Analysts are most optimistic on the Retail REITs industry, expecting annual earnings growth of 12% over the next 5 years.
This is roughly in line with its past earnings growth rate.