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Singaporean (SGX) Industrial REITs Industry Analysis

UpdatedSep 27, 2025
DataAggregated Company Financials
Companies8
  • 7D-0.4%
  • 3M5.6%
  • 1Y-9.7%
  • YTDn/a

Over the last 7 days, the Industrial REITs industry has remained flat. Unfortunately though, the industry is down 7.1% over the past 12 months. Earnings are forecast to grow by 12% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 27 Sep 2025S$32.9bS$4.2bS$1.3b26.6x25.1x7.9x
Mon, 25 Aug 2025S$31.5bS$4.2bS$1.3b25x24x7.5x
Wed, 23 Jul 2025S$32.2bS$4.2bS$1.3b24.7x24.1x7.7x
Fri, 20 Jun 2025S$30.6bS$4.2bS$1.3b23.4x22.9x7.3x
Sun, 18 May 2025S$29.5bS$4.2bS$1.3b23.4x22.1x7.1x
Tue, 15 Apr 2025S$28.7bS$4.1bS$1.2b20.9x23.3x6.9x
Thu, 13 Mar 2025S$30.9bS$4.1bS$1.2b23x25x7.5x
Sat, 08 Feb 2025S$31.1bS$4.1bS$629.5m23.2x49.5x7.5x
Mon, 06 Jan 2025S$31.9bS$4.1bS$689.5m23.6x46.3x7.7x
Wed, 04 Dec 2024S$32.0bS$4.1bS$689.5m23.3x46.3x7.7x
Fri, 01 Nov 2024S$33.4bS$4.1bS$412.6m25.4x80.9x8.1x
Sun, 29 Sep 2024S$35.6bS$4.1bS$446.2m25.3x79.9x8.7x
Tue, 27 Aug 2024S$34.2bS$4.1bS$446.2m24.2x76.7x8.3x
Thu, 25 Jul 2024S$32.8bS$4.1bS$464.0m23.5x70.6x8x
Sat, 22 Jun 2024S$31.2bS$4.1bS$464.0m22.8x67.3x7.7x
Mon, 20 May 2024S$32.7bS$4.1bS$494.6m22.4x66.1x8x
Wed, 17 Apr 2024S$33.4bS$4.1bS$907.8m18.3x36.8x8.2x
Fri, 15 Mar 2024S$33.7bS$4.1bS$918.0m18x36.7x8.3x
Sun, 11 Feb 2024S$34.7bS$4.1bS$908.4m18.3x38.2x8.6x
Tue, 09 Jan 2024S$37.3bS$4.1bS$1.6b15.1x22.8x9.2x
Thu, 07 Dec 2023S$35.5bS$4.1bS$1.6b14.6x21.7x8.7x
Sat, 04 Nov 2023S$34.0bS$4.1bS$1.7b12.7x20.4x8.3x
Mon, 02 Oct 2023S$35.1bS$4.1bS$2.3b11.4x15x8.6x
Wed, 30 Aug 2023S$35.7bS$4.1bS$2.3b11.9x15.3x8.7x
Fri, 28 Jul 2023S$37.0bS$4.0bS$2.4b15.8x15.3x9.2x
Sun, 25 Jun 2023S$35.1bS$4.0bS$2.1b12.4x16.5x8.8x
Tue, 23 May 2023S$35.5bS$4.0bS$2.1b12.6x16.6x8.9x
Thu, 20 Apr 2023S$36.6bS$4.0bS$2.6b12.4x13.8x9.2x
Sat, 18 Mar 2023S$35.7bS$4.0bS$2.7b11.9x13.5x8.9x
Mon, 13 Feb 2023S$35.6bS$3.9bS$2.5b11.9x14.3x9x
Wed, 11 Jan 2023S$34.4bS$3.8bS$2.7b11.6x12.6x9.1x
Fri, 09 Dec 2022S$34.1bS$3.9bS$2.8b11.6x12.4x8.8x
Sun, 06 Nov 2022S$32.2bS$3.9bS$2.9b11.4x11x8.3x
Tue, 04 Oct 2022S$33.7bS$3.8bS$2.9b11.1x11.5x8.9x
Price to Earnings Ratio

11.5x


Total Market Cap: S$33.7bTotal Earnings: S$2.9bTotal Revenue: S$3.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Industrial REITs Industry Price to Earnings3Y Average 31.6x202320242025
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 25.4x which is lower than its 3-year average PE of 31.6x.
  • The industry is trading close to its 3-year average PS ratio of 8.3x.
Past Earnings Growth
  • The earnings for companies in the Industrial REITs industry have declined 23% per year over the last three years.
  • Meanwhile revenues for these companies have grown 3.3% 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-1.16%
Real Estate-1.72%
REITS-1.08%
Industrial REITs-0.38%
Specialized REITs0%0
Retail REITs-0.0046%
Office REITs-0.057%
Hotel and Resort REITs-0.65%
Diversified REITs-1.08%
Healthcare REITs-1.96%
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$2.77
CapitaLand Ascendas REIT
7D
-0.4%
1Y
-3.8%

Acquisitions And Redevelopments Will Expand Rental Premiums Globally

With the consensus analyst price target, discount rate, and future P/E all remaining effectively unchanged, analysts see no significant change in CapitaLand Ascendas REIT's fair value, which remains at SGD3.20. What's in the News Completed acquisition of two freehold land plots in the East Midlands, UK, for development of four new logistics properties.
ME8U
S$2.12
Mapletree Industrial Trust
7D
-0.5%
1Y
-14.5%

Tokyo Acquisition And Occupancy Gains To Propel Growth In Data Center Market

The consensus price target for Mapletree Industrial Trust has been revised downward, primarily reflecting a slight decrease in the Future P/E ratio, with fair value now at SGD2.21. What's in the News Declared 1QFY25/26 distribution of 3.27 Singapore cents per unit, comprising 2.50 cents taxable income, 0.21 cent tax-exempt income, and 0.56 cent capital component.
DHLU
S$0.57
Daiwa House Logistics Trust
7D
-0.9%
1Y
-10.2%
O5RU
S$1.35
AIMS APAC REIT
7D
-2.2%
1Y
1.5%
9A4U
S$2.79
ESR-REIT
7D
-1.1%
1Y
-3.8%