Narrative Update • Apr 27
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Singaporean (SGX) Industrial REITs Industry Analysis
UpdatedMay 09, 2026
DataAggregated Company Financials
Companies9
- 7D-0.3%
- 3M-7.8%
- 1Y2.7%
- YTDn/a
The Industrial REITs is pretty flat in the last 7 days, but Frasers Logistics & Commercial Trust has stood out, gaining 3.6%. In line with that, the industry has also been flat over the past 12 months. Earnings are forecast to grow by 9.2% annually.
Industry Valuation and Performance
Has the Singaporean Industrial REITs Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 10 May 2026 | S$33.0b | S$4.4b | S$1.6b | 16.3x | 20.2x | 7.6x |
| Tue, 07 Apr 2026 | S$32.2b | S$4.3b | S$1.7b | 16.7x | 19.3x | 7.4x |
| Thu, 05 Mar 2026 | S$31.7b | S$4.2b | S$1.6b | 17.7x | 19.8x | 7.5x |
| Sat, 31 Jan 2026 | S$34.2b | S$4.2b | S$1.4b | 18.9x | 25x | 8.2x |
| Mon, 29 Dec 2025 | S$33.5b | S$4.2b | S$1.4b | 18.6x | 23.7x | 8x |
| Wed, 26 Nov 2025 | S$33.3b | S$4.2b | S$1.4b | 18.6x | 23.5x | 8x |
| Fri, 24 Oct 2025 | S$34.2b | S$4.2b | S$1.3b | 27.4x | 26x | 8.2x |
| Sun, 21 Sep 2025 | S$33.1b | S$4.2b | S$1.3b | 26.6x | 25.2x | 7.9x |
| Tue, 19 Aug 2025 | S$31.5b | S$4.2b | S$1.3b | 25.3x | 24x | 7.5x |
| Thu, 17 Jul 2025 | S$31.7b | S$4.2b | S$1.3b | 24x | 23.8x | 7.6x |
| Sat, 14 Jun 2025 | S$30.1b | S$4.2b | S$1.3b | 23x | 22.6x | 7.2x |
| Mon, 12 May 2025 | S$29.4b | S$4.2b | S$1.3b | 23.4x | 22.1x | 7x |
| Wed, 09 Apr 2025 | S$29.1b | S$4.1b | S$1.2b | 21.4x | 23.5x | 7x |
| Fri, 07 Mar 2025 | S$30.2b | S$4.1b | S$1.2b | 22.9x | 24.3x | 7.3x |
| Sun, 02 Feb 2025 | S$30.8b | S$4.1b | S$629.5m | 23.8x | 49x | 7.4x |
| Tue, 31 Dec 2024 | S$31.3b | S$4.1b | S$689.5m | 23x | 45.3x | 7.5x |
| Thu, 28 Nov 2024 | S$31.8b | S$4.1b | S$689.5m | 23x | 46.1x | 7.7x |
| Sat, 26 Oct 2024 | S$33.9b | S$4.1b | S$408.0m | 25.8x | 83.2x | 8.3x |
| Mon, 23 Sep 2024 | S$35.2b | S$4.1b | S$446.2m | 25.1x | 79x | 8.6x |
| Wed, 21 Aug 2024 | S$33.0b | S$4.1b | S$446.2m | 23.4x | 74.1x | 8x |
| Fri, 19 Jul 2024 | S$33.2b | S$4.1b | S$464.0m | 23.9x | 71.6x | 8.1x |
| Sun, 16 Jun 2024 | S$31.6b | S$4.1b | S$464.1m | 23.1x | 68x | 7.7x |
| Tue, 14 May 2024 | S$32.4b | S$4.1b | S$484.7m | 22.5x | 66.9x | 8x |
| Thu, 11 Apr 2024 | S$34.5b | S$4.1b | S$907.8m | 18.4x | 38x | 8.5x |
| Sat, 09 Mar 2024 | S$34.0b | S$4.1b | S$918.0m | 18x | 37.1x | 8.4x |
| Mon, 05 Feb 2024 | S$36.0b | S$4.2b | S$946.3m | 14.5x | 38x | 8.6x |
| Wed, 03 Jan 2024 | S$37.6b | S$4.1b | S$1.6b | 15.3x | 23x | 9.2x |
| Fri, 01 Dec 2023 | S$35.4b | S$4.1b | S$1.6b | 14.5x | 21.6x | 8.7x |
| Sun, 29 Oct 2023 | S$32.1b | S$4.1b | S$2.3b | 11.3x | 13.8x | 7.9x |
| Tue, 26 Sep 2023 | S$35.7b | S$4.1b | S$2.3b | 11.5x | 15.3x | 8.8x |
| Thu, 24 Aug 2023 | S$35.0b | S$4.1b | S$2.3b | 11.8x | 15x | 8.6x |
| Sat, 22 Jul 2023 | S$36.6b | S$4.0b | S$2.1b | 13.9x | 17.3x | 9.2x |
| Mon, 19 Jun 2023 | S$36.4b | S$4.0b | S$2.1b | 12.9x | 17.1x | 9.1x |
| Wed, 17 May 2023 | S$36.2b | S$4.0b | S$2.2b | 12.2x | 16.8x | 9.1x |
Price to Earnings Ratio
16.8x
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 21.2x which is lower than its 3-year average PE of 33.6x.
- The industry is trading close to its 3-year average PS ratio of 8.1x.
Past Earnings Growth
- The earnings for companies in the Industrial REITs industry have declined 10% per year over the last three years.
- Meanwhile revenues for these companies have grown 3.2% 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 | 0.51% | |
| Real Estate | -0.34% | |
| REITS | -1.40% | |
| Industrial REITs | -0.33% | |
| Residential REITs | 0% | 0 |
| Specialized REITs | 0% | 0 |
| Hotel and Resort REITs | -0.36% | |
| Healthcare REITs | -0.96% | |
| Office REITs | -1.04% | |
| Retail REITs | -1.17% | |
| Diversified REITs | -1.40% | |
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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| BUOU Frasers Logistics & Commercial Trust | S$0.99 | 3.6% +S$132.9m | 19.2% | PB0.9x | |
| O5RU AIMS APAC REIT | S$1.57 | 4.0% +S$49.1m | 23.6% | PB0.8x | |
| M1GU Alpha Integrated Real Estate Investment Trust | S$0.48 | 1.0% +S$5.6m | 32.9% | PB0.9x |