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Singaporean (SGX) Industrial REITs Industry Analysis

UpdatedJul 07, 2026
DataAggregated Company Financials
Companies9
  • 7D-0.8%
  • 3M2.0%
  • 1Y-1.4%
  • YTDn/a

Over the last 7 days, the Industrial REITs industry has dropped 1.0%, driven by CapitaLand Ascendas REIT declining 1.6%. Over the last year, the industry has been flat overall. As for the next few years, earnings are expected to grow by 7.2% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 07 Jul 2026S$33.1bS$4.3bS$1.7b16.4x19.3x7.6x
Thu, 04 Jun 2026S$33.0bS$4.4bS$1.7b16.4x19.2x7.5x
Sat, 02 May 2026S$33.2bS$4.3bS$1.6b17.8x21.3x7.6x
Mon, 30 Mar 2026S$32.3bS$4.3bS$1.7b16.6x19.3x7.4x
Wed, 25 Feb 2026S$32.9bS$4.2bS$1.6b18.2x20.6x7.8x
Fri, 23 Jan 2026S$34.6bS$4.2bS$1.4b19.2x24.5x8.3x
Sun, 21 Dec 2025S$33.3bS$4.2bS$1.4b18.5x23.5x8x
Tue, 18 Nov 2025S$33.2bS$4.2bS$1.4b18.6x23.5x8x
Thu, 16 Oct 2025S$33.5bS$4.2bS$1.3b26.9x25.5x8x
Sat, 13 Sep 2025S$33.6bS$4.2bS$1.3b26.7x25.6x8x
Mon, 11 Aug 2025S$31.6bS$4.2bS$1.3b24.8x24x7.5x
Wed, 09 Jul 2025S$30.8bS$4.2bS$1.3b23.2x23.1x7.4x
Fri, 06 Jun 2025S$29.2bS$4.2bS$1.3b22.3x21.9x7x
Sun, 04 May 2025S$30.1bS$4.1bS$1.4b22.9x22x7.3x
Tue, 01 Apr 2025S$31.6bS$4.1bS$1.2b23.4x25.5x7.6x
Thu, 27 Feb 2025S$30.2bS$4.1bS$1.2b22.8x24.3x7.3x
Sat, 25 Jan 2025S$31.3bS$4.1bS$649.8m23.4x48.1x7.6x
Mon, 23 Dec 2024S$30.6bS$4.1bS$689.5m22.9x44.4x7.4x
Wed, 20 Nov 2024S$31.6bS$4.1bS$689.5m24.2x45.8x7.6x
Fri, 18 Oct 2024S$34.9bS$4.1bS$446.2m24.6x78.3x8.5x
Sun, 15 Sep 2024S$35.7bS$4.1bS$446.2m25.1x80.1x8.7x
Tue, 13 Aug 2024S$31.6bS$4.1bS$445.0m22.8x71.1x7.7x
Thu, 11 Jul 2024S$31.0bS$4.1bS$464.0m22.5x66.7x7.6x
Sat, 08 Jun 2024S$32.3bS$4.1bS$464.1m23.2x69.5x7.9x
Mon, 06 May 2024S$31.8bS$4.1bS$519.1m22.3x61.3x7.8x
Wed, 03 Apr 2024S$34.2bS$4.1bS$918.0m18.4x37.3x8.4x
Fri, 01 Mar 2024S$34.0bS$4.1bS$918.0m18.2x37.1x8.4x
Sun, 28 Jan 2024S$35.9bS$4.1bS$1.6b16.1x22.3x8.8x
Tue, 26 Dec 2023S$37.2bS$4.1bS$1.6b15.1x22.7x9.1x
Thu, 23 Nov 2023S$35.2bS$4.1bS$1.6b14.6x21.5x8.6x
Sat, 21 Oct 2023S$32.1bS$4.1bS$2.3b11.3x13.8x7.9x
Mon, 18 Sep 2023S$36.2bS$4.1bS$2.3b11.3x15.5x8.9x
Wed, 16 Aug 2023S$35.2bS$4.1bS$2.3b12.2x15.1x8.6x
Fri, 14 Jul 2023S$36.5bS$4.0bS$2.1b13.1x17.1x9.2x
Price to Earnings Ratio

17.1x


Total Market Cap: S$36.5bTotal Earnings: S$2.1bTotal Revenue: S$4.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Industrial REITs Industry Price to Earnings3Y Average 33.8x202420252026
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 19.2x which is lower than its 3-year average PE of 33.8x.
  • The industry is trading close to its 3-year average PS ratio of 8.0x.
Past Earnings Growth
  • The earnings for companies in the Industrial REITs industry have declined 6.9% per year over the last three years.
  • Meanwhile revenues for these companies have grown 2.9% 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 Market0.97%
Real Estate0.031%
REITS0.40%
Industrial REITs-0.76%
Healthcare REITs0.83%
Office REITs0.62%
Hotel and Resort REITs0.45%
Diversified REITs0.40%
Residential REITs0%0
Specialized REITs0%0
Retail REITs-0.65%
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
A17U CapitaLand Ascendas REITS$2.500.4%
+S$50.0m		-6.7%PB1.2x
ME8U Mapletree Industrial TrustS$1.930.5%
+S$28.6m		-3.5%PB1.1x
UIBU UI Boustead Real Estate Investment TrustS$0.822.5%
+S$27.3m		n/aPB1x
O5RU AIMS APAC REITS$1.631.9%
+S$24.6m		22.6%PB0.8x
BUOU Frasers Logistics & Commercial TrustS$0.970.5%
+S$19.0m		17.6%PB0.9x

Latest News

DHLU
S$0.49
Daiwa House Logistics Trust
7D
2.1%
1Y
-12.5%
O5RU
S$1.63
AIMS APAC REIT
7D
1.9%
1Y
22.6%
BUOU
S$0.97
Frasers Logistics & Commercial Trust
7D
0.5%
1Y
17.6%
ME8U
S$1.93
Mapletree Industrial Trust
7D
0.5%
1Y
-3.5%
Narrative Update • Jun 25

ME8U: Stable Distribution Outlook And Minor Assumption Shifts Will Guide Returns

Analysts have reiterated their SGD fair value estimate for Mapletree Industrial Trust at SGD 2.03, citing only small adjustments to the discount rate and future P/E assumptions as they refine their valuation model. What’s in the News for Mapletree Industrial Trust Mapletree Industrial Trust declared a distribution of 3.09 Singapore cents per unit for the fourth quarter of its financial year 2025/2026, covering the period from 1 January 2026 to 31 March 2026.
A17U
S$2.50
CapitaLand Ascendas REIT
7D
0.4%
1Y
-6.7%
M1GU
S$0.49
Alpha Integrated Real Estate Investment Trust
7D
2.1%
1Y
22.5%
UIBU
S$0.82
UI Boustead Real Estate Investment Trust
7D
2.5%
1Y
n/a