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Singaporean (SGX) REITS Industry Analysis

UpdatedNov 27, 2022
DataAggregated Company Financials
Companies40
  • 7D-1.5%
  • 3M-9.8%
  • 1Y-15.9%
  • YTD-15.1%

Over the last 7 days, the REITS industry has dropped 1.5%, driven by Mapletree Logistics Trust declining 4.2%. Overall the industry is down 16% in 12 months. As for the next few years, earnings are expected to grow by 1.3% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 28 Nov 2022S$99.2bS$11.8bS$8.0b11.5x12.4x8.4x
Wed, 26 Oct 2022S$92.9bS$11.5bS$7.9b10.6x11.7x8x
Fri, 23 Sep 2022S$107.6bS$11.5bS$7.9b12.6x13.6x9.3x
Sun, 21 Aug 2022S$112.4bS$11.5bS$8.0b13.1x14.1x9.7x
Tue, 19 Jul 2022S$105.9bS$11.0bS$7.9b13.6x13.5x9.6x
Thu, 16 Jun 2022S$105.4bS$11.0bS$7.9b13.8x13.4x9.6x
Sat, 14 May 2022S$107.7bS$11.2bS$7.9b13.9x13.6x9.7x
Mon, 11 Apr 2022S$112.3bS$11.1bS$7.3b14.8x15.3x10.2x
Wed, 09 Mar 2022S$92.6bS$9.8bS$6.2b16.4x14.9x9.5x
Fri, 04 Feb 2022S$105.2bS$10.8bS$5.8b17.7x18x9.7x
Sun, 02 Jan 2022S$110.3bS$10.2bS$4.2b20.4x26.4x10.8x
Tue, 30 Nov 2021S$107.5bS$10.1bS$4.1b20.6x26x10.6x
Thu, 28 Oct 2021S$109.0bS$10.0bS$2.7b20.9x39.9x10.9x
Sat, 25 Sep 2021S$108.1bS$9.8bS$2.2b20.4x49.4x11x
Mon, 23 Aug 2021S$108.3bS$10.0bS$1.7b20.7x64.6x10.9x
Sat, 10 Jul 2021S$107.2bS$10.0bS$1.7b21x63.9x10.8x
Fri, 02 Apr 2021S$105.3bS$9.5bS$696.6m24.8x151.1x11.1x
Mon, 04 Jan 2021S$103.0bS$9.1bS$163.7m26.8x629.1x11.3x
Thu, 08 Oct 2020S$91.0bS$9.1bS$1.5b19.6x61.6x10x
Wed, 01 Jul 2020S$88.1bS$9.2bS$4.0b15.9x21.9x9.6x
Sat, 04 Apr 2020S$75.6bS$9.3bS$5.3b13.1x14.2x8.1x
Tue, 07 Jan 2020S$98.0bS$9.2bS$6.6b15.8x14.9x10.7x
Price to Earnings Ratio

15.5x


Total Market Cap: S$94.6bTotal Earnings: S$6.1bTotal Revenue: S$8.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean REITS Industry Price to Earnings3Y Average 87.5x202020212022
Current Industry PE
  • Investors are pessimistic on the Singaporean REITs industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 12.4x which is lower than its 3-year average PE of 87.5x.
  • The 3-year average PS ratio of 10.2x is higher than the industry's current PS ratio of 8.4x.
Past Earnings Growth
  • The earnings for companies in the REITs industry have grown 9.3% per year over the last three years.
  • Revenues for these companies have grown 9.6% 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 Market-0.57%
Real Estate-0.96%
REITS-1.54%
Hotel and Resort REITs0.24%
Residential REITs0%
Specialized REITs-0.27%
Retail REITs-0.71%
Diversified REITs-0.95%
Industrial REITs-2.64%
Office REITs-2.74%
Healthcare REITs-4.34%
Industry PE
  • Investors are most optimistic about the Hotel and Resort REITs industry which is trading above its 3-year average PE ratio of 4.8x.
    • Analysts are expecting annual earnings growth of 11.0%, which is lower than the prior year's growth of 329.1% per year.
  • Investors are most pessimistic about the Office REITs industry, which is trading below its 3-year average of 28.5x.
Forecasted Growth
  • Analysts are most optimistic on the Diversified REITs industry, expecting annual earnings growth of 16% over the next 5 years.
  • In contrast, the Healthcare REITs industry is expected to see its earnings decline by 13% 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
JYEU Lendlease Global Commercial REITS$0.733.5%
+S$57.2m
-17.4%PB0.8x
J69U Frasers Centrepoint TrustS$2.061.5%
+S$51.1m
-12.0%PB0.9x
Q5T Far East Hospitality TrustS$0.623.3%
+S$39.7m
2.5%PB0.7x
BTOU Manulife US Real Estate Investment TrustUS$0.394.1%
+US$26.6m
-46.5%PB0.5x
DCRU Digital Core REITUS$0.602.6%
+US$16.9m
n/aPB0.7x
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Latest News

M44U

S$1.58

Mapletree Logistics Trust

7D

-4.2%

1Y

-17.7%

DCRU

US$0.60

Digital Core REIT

7D

2.6%

1Y

n/a

CMOU

US$0.54

Keppel Pacific Oak US REIT

7D

-7.7%

1Y

-31.6%

C2PU

S$3.88

Parkway Life Real Estate Investment Trust

7D

-4.4%

1Y

-22.4%

ACV

S$0.45

Frasers Hospitality Trust

7D

2.3%

1Y

-7.3%

J69U

S$2.06

Frasers Centrepoint Trust

7D

1.5%

1Y

-12.0%

A17U

S$2.71

CapitaLand Ascendas REIT

7D

-1.5%

1Y

-10.3%

N2IU

S$1.70

Mapletree Pan Asia Commercial Trust

7D

-2.9%

1Y

-19.8%

K71U

S$0.88

Keppel REIT

7D

-3.3%

1Y

-23.2%

DHLU

S$0.64

Daiwa House Logistics Trust

7D

1.6%

1Y

-20.0%

JYEU

S$0.73

Lendlease Global Commercial REIT

7D

3.5%

1Y

-17.4%

Q5T

S$0.62

Far East Hospitality Trust

7D

3.3%

1Y

2.5%