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Singaporean (SGX) Industrial REITs Industry Analysis

UpdatedNov 18, 2025
DataAggregated Company Financials
Companies8
  • 7D-2.0%
  • 3M4.4%
  • 1Y2.3%
  • YTDn/a

The Industrial REITs industry has stayed flat over the last week. Furthermore, the industry has been flat for the past year as well. As for the next few years, earnings are expected to grow by 10% per annum.

Industry Valuation and Performance

Has the Singaporean Industrial REITs Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 19 Nov 2025S$33.2bS$4.2bS$1.4b18.6x23.5x8x
Fri, 17 Oct 2025S$33.6bS$4.2bS$1.3b27.2x25.6x8x
Sun, 14 Sep 2025S$33.6bS$4.2bS$1.3b26.7x25.6x8x
Tue, 12 Aug 2025S$31.5bS$4.2bS$1.3b24.7x24x7.5x
Thu, 10 Jul 2025S$31.0bS$4.2bS$1.3b23.3x23.2x7.5x
Sat, 07 Jun 2025S$29.8bS$4.2bS$1.3b22.7x22.3x7.1x
Mon, 05 May 2025S$30.1bS$4.1bS$1.4b22.9x22x7.3x
Wed, 02 Apr 2025S$31.9bS$4.1bS$1.2b23.4x25.8x7.7x
Fri, 28 Feb 2025S$30.3bS$4.1bS$1.2b23x24.4x7.3x
Sun, 26 Jan 2025S$31.3bS$4.1bS$649.8m23.4x48.1x7.6x
Tue, 24 Dec 2024S$30.9bS$4.1bS$689.5m23x44.9x7.5x
Thu, 21 Nov 2024S$31.5bS$4.1bS$689.5m24x45.7x7.6x
Sat, 19 Oct 2024S$34.9bS$4.1bS$446.2m24.6x78.3x8.5x
Mon, 16 Sep 2024S$35.7bS$4.1bS$446.2m25.1x80.1x8.7x
Wed, 14 Aug 2024S$32.1bS$4.1bS$445.0m23x72.2x7.8x
Fri, 12 Jul 2024S$31.9bS$4.1bS$464.0m23.2x68.8x7.8x
Sun, 09 Jun 2024S$32.3bS$4.1bS$464.1m23.2x69.5x7.9x
Tue, 07 May 2024S$32.4bS$4.1bS$519.1m22.8x62.4x8x
Thu, 04 Apr 2024S$34.0bS$4.1bS$907.8m18.5x37.4x8.4x
Sat, 02 Mar 2024S$33.7bS$4.1bS$918.0m18.2x36.7x8.3x
Mon, 29 Jan 2024S$35.9bS$4.1bS$1.6b16.1x22.3x8.8x
Wed, 27 Dec 2023S$37.2bS$4.1bS$1.6b15x22.7x9.1x
Fri, 24 Nov 2023S$35.5bS$4.1bS$1.6b14.6x21.7x8.7x
Sun, 22 Oct 2023S$32.1bS$4.1bS$2.3b11.3x13.8x7.9x
Tue, 19 Sep 2023S$36.1bS$4.1bS$2.3b11.3x15.5x8.8x
Thu, 17 Aug 2023S$35.2bS$4.1bS$2.3b12.1x15.1x8.6x
Sat, 15 Jul 2023S$36.8bS$4.0bS$2.1b13.1x17.2x9.2x
Mon, 12 Jun 2023S$34.8bS$4.0bS$2.1b12.5x16.3x8.7x
Wed, 10 May 2023S$36.6bS$4.0bS$2.2b12.4x17x9.2x
Fri, 07 Apr 2023S$36.3bS$4.0bS$2.7b12x13.7x9.1x
Sun, 05 Mar 2023S$35.3bS$4.0bS$2.7b11.8x13.3x8.8x
Tue, 31 Jan 2023S$36.6bS$3.8bS$2.7b12.4x13.6x9.6x
Thu, 29 Dec 2022S$33.9bS$3.9bS$2.8b11.9x12.3x8.8x
Sat, 26 Nov 2022S$33.6bS$3.9bS$2.8b11.5x12.2x8.7x
Price to Earnings Ratio

12.2x


Total Market Cap: S$33.6bTotal Earnings: S$2.8bTotal Revenue: S$3.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Industrial REITs Industry Price to Earnings3Y Average 32.3x202320242025
Current Industry PE
  • Investors are pessimistic on the Singaporean Industrial 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 23.5x which is lower than its 3-year average PE of 32.3x.
  • The industry is trading close to its 3-year average PS ratio of 8.2x.
Past Earnings Growth
  • The earnings for companies in the Industrial REITs industry have declined 20% per year over the last three years.
  • Meanwhile revenues for these companies have grown 2.6% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Comparison

How does Singaporean Industrial REITs compare with similar industries?

SG Market-0.77%
Real Estate-1.07%
REITS-1.59%
Industrial REITs-2.05%
Residential REITs0%0
Specialized REITs0%0
Hotel and Resort REITs-0.46%
Office REITs-1.26%
Healthcare REITs-1.47%
Diversified REITs-1.59%
Retail REITs-2.75%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
No data available

Latest News

A17U
S$2.79
CapitaLand Ascendas REIT
7D
-1.8%
1Y
9.0%

A17U: UK Logistics Developments Are Expected To Drive Future Upside

Analysts have raised their price target for CapitaLand Ascendas REIT from $3.20 to $3.24. They cite improved revenue growth forecasts and a steady profit margin outlook as the primary drivers for this upward revision.
O5RU
S$1.40
AIMS APAC REIT
7D
-1.4%
1Y
12.0%
BUOU
S$0.94
Frasers Logistics & Commercial Trust
7D
-3.1%
1Y
-1.6%
M44U
S$1.28
Mapletree Logistics Trust
7D
-3.0%
1Y
1.6%

M44U: Fair Value Outlook Will Reflect Strengthening Margins And Higher Payouts Ahead

Analysts have raised their fair value estimate for Mapletree Logistics Trust from $1.34 to $1.42. They cite improved revenue growth forecasts and a stronger profit margin outlook as the reasons for the revision.
ME8U
S$2.02
Mapletree Industrial Trust
7D
-1.5%
1Y
-11.0%
DHLU
S$0.57
Daiwa House Logistics Trust
7D
-0.9%
1Y
0%
M1GU
S$0.47
Alpha Integrated Real Estate Investment Trust
7D
-2.1%
1Y
28.8%
9A4U
S$2.75
ESR-REIT
7D
-1.1%
1Y
5.8%