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Singaporean (SGX) REITS Industry Analysis

UpdatedJul 22, 2026
DataAggregated Company Financials
Companies5
  • 7D1.3%
  • 3M-1.4%
  • 1Y11.2%
  • YTD0.8%

In the last week, the REITS industry is up 1.3%, with all of the companies up. This means that the industry has gained 11% over the past year. As for the next few years, earnings are expected to grow by 7.6% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 23 Jul 2026S$34.0bS$3.6bS$1.5b27.3x23.3x9.5x
Sat, 20 Jun 2026S$32.4bS$3.6bS$1.5b25.7x22.2x9x
Mon, 18 May 2026S$31.7bS$3.6bS$1.5b25.3x21.7x8.8x
Wed, 15 Apr 2026S$32.6bS$3.6bS$1.9b19.4x17.3x9.1x
Fri, 13 Mar 2026S$31.9bS$3.6bS$1.9b19x17x8.9x
Sun, 08 Feb 2026S$33.4bS$3.6bS$1.9b19.9x18x9.3x
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
Price to Earnings Ratio

18.4x


Total Market Cap: S$10.6bTotal Earnings: S$576.5mTotal Revenue: S$1.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean REITS Industry Price to Earnings3Y Average 18.8x202420252026
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 23.3x which is higher than its 3-year average PE of 18.8x.
  • The 3-year average PS ratio of 7.0x is lower than the industry's current PS ratio of 9.5x.
Past Earnings Growth
  • The earnings for companies in the REITs industry have grown 36% per year over the last three years.
  • Revenues for these companies have grown 34% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Singaporean Real Estate industry?

SG Market1.02%
Real Estate1.85%
REITS1.31%
Healthcare REITs1.77%
Diversified REITs1.31%
Industrial REITs1.08%
Hotel and Resort REITs0.79%
Office REITs0.74%
Retail REITs0.53%
Residential REITs0%0
Specialized REITs0%0
Industry PE
  • Investors are most optimistic about the Diversified REITs industry which is trading above its 3-year average PE ratio of 18.8x.
    • Analysts are expecting annual earnings growth of 7.6%, which is lower than the prior year's growth of 20.8% per year.
  • Investors are most pessimistic about the Healthcare REITs industry, which is trading below its 3-year average of 23.9x.
Forecasted Growth
  • Analysts are most optimistic on the Retail REITs industry, expecting annual earnings growth of 10% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Healthcare REITs industry is expected to see its earnings decline by 5.1% 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
T82U Suntec Real Estate Investment TrustS$1.542.7%
+S$118.2m		31.6%PB0.7x
C38U CapitaLand Integrated Commercial TrustS$2.470.4%
+S$79.5m		11.3%PB1.2x
SET Stoneweg Europe Stapled Trust€1.593.2%
+€27.8m		0.6%PB0.7x

Latest News

T82U
S$1.54
Suntec Real Estate Investment Trust
7D
2.7%
1Y
31.6%
SET
€1.59
Stoneweg Europe Stapled Trust
7D
3.2%
1Y
0.6%
C38U
S$2.47
CapitaLand Integrated Commercial Trust
7D
0.4%
1Y
11.3%
Narrative Update • Jun 22

C38U: Paragon Acquisition And Portfolio Rebalance Will Support Future Income Upside

Analysts have maintained their fair value estimate for CapitaLand Integrated Commercial Trust at SGD2.69, citing updated assumptions for discount rate, revenue growth, profit margin and future P/E that together point to a marginally more conservative valuation profile. What’s in the News for CapitaLand Integrated Commercial Trust Unitholders approved CapitaLand Integrated Commercial Trust’s proposed S$3.9 billion acquisition of Orchard Road mall Paragon at an extraordinary general meeting, giving the go ahead for the purchase of the freehold asset with potential redevelopment options, according to recent news reports.