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Singaporean (SGX) Industrial REITs Industry Analysis

UpdatedMar 10, 2026
DataAggregated Company Financials
Companies8
  • 7D-5.2%
  • 3M-6.8%
  • 1Y0.4%
  • YTDn/a

Over the last 7 days, the Industrial REITs industry has dropped 3.4%, driven by pullbacks from every company within the industry. Over the past 12 months, the industry was up 3.2%. Earnings are forecast to grow by 8.4% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 10 Mar 2026S$30.8bS$4.2bS$1.6b17.1x19.2x7.3x
Thu, 05 Feb 2026S$33.8bS$4.2bS$1.5b26.8x22x8.1x
Sat, 03 Jan 2026S$33.9bS$4.2bS$1.4b18.8x24x8.1x
Mon, 01 Dec 2025S$33.6bS$4.2bS$1.4b18.6x23.8x8.1x
Wed, 29 Oct 2025S$34.5bS$4.2bS$1.3b27.6x26.2x8.2x
Fri, 26 Sep 2025S$33.1bS$4.2bS$1.3b26.7x25.2x7.9x
Sun, 24 Aug 2025S$31.5bS$4.2bS$1.3b25x24x7.5x
Tue, 22 Jul 2025S$32.1bS$4.2bS$1.3b24.7x24.1x7.7x
Thu, 19 Jun 2025S$30.6bS$4.2bS$1.3b23.4x22.9x7.3x
Sat, 17 May 2025S$29.5bS$4.2bS$1.3b23.4x22.1x7.1x
Mon, 14 Apr 2025S$28.4bS$4.1bS$1.2b20.5x23.1x6.9x
Wed, 12 Mar 2025S$30.2bS$4.1bS$1.2b22.7x24.4x7.3x
Fri, 07 Feb 2025S$30.8bS$4.1bS$629.5m23.8x48.9x7.4x
Sun, 05 Jan 2025S$31.9bS$4.1bS$689.5m23.6x46.3x7.7x
Tue, 03 Dec 2024S$32.1bS$4.1bS$689.5m23.5x46.5x7.7x
Thu, 31 Oct 2024S$33.4bS$4.1bS$412.6m25.4x80.9x8.1x
Sat, 28 Sep 2024S$35.6bS$4.1bS$446.2m25.3x79.9x8.7x
Mon, 26 Aug 2024S$33.8bS$4.1bS$446.2m23.7x75.7x8.2x
Wed, 24 Jul 2024S$32.9bS$4.1bS$464.0m23.6x70.9x8.1x
Fri, 21 Jun 2024S$31.4bS$4.1bS$464.1m22.5x67.6x7.7x
Sun, 19 May 2024S$32.7bS$4.1bS$484.7m22.4x67.4x8x
Tue, 16 Apr 2024S$33.4bS$4.1bS$907.8m18.4x36.8x8.2x
Thu, 14 Mar 2024S$33.7bS$4.1bS$918.0m18.2x36.7x8.3x
Sat, 10 Feb 2024S$34.7bS$4.1bS$908.4m18.3x38.2x8.6x
Mon, 08 Jan 2024S$37.2bS$4.1bS$1.6b15.1x22.7x9.1x
Wed, 06 Dec 2023S$35.4bS$4.1bS$1.6b14.5x21.6x8.7x
Fri, 03 Nov 2023S$33.5bS$4.1bS$2.3b11.3x14.4x8.2x
Sun, 01 Oct 2023S$35.1bS$4.1bS$2.3b11.4x15x8.6x
Tue, 29 Aug 2023S$35.4bS$4.1bS$2.3b11.9x15.2x8.7x
Thu, 27 Jul 2023S$37.0bS$4.0bS$2.4b15.8x15.2x9.2x
Sat, 24 Jun 2023S$35.1bS$4.0bS$2.1b12.4x16.5x8.8x
Mon, 22 May 2023S$35.5bS$4.0bS$2.1b12.7x16.6x8.9x
Wed, 19 Apr 2023S$36.7bS$4.0bS$2.6b12.5x13.9x9.2x
Fri, 17 Mar 2023S$35.5bS$4.0bS$2.7b11.8x13.4x8.9x
Price to Earnings Ratio

13.4x


Total Market Cap: S$35.5bTotal Earnings: S$2.7bTotal Revenue: S$4.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Industrial REITs Industry Price to Earnings3Y Average 33.3x202420252026
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 19.8x which is lower than its 3-year average PE of 33.3x.
  • 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 15% per year over the last three years.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, 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-3.00%
Real Estate-5.13%
REITS-5.19%
Industrial REITs-5.22%
Residential REITs0%0
Specialized REITs0%0
Healthcare REITs-1.98%
Retail REITs-2.67%
Office REITs-4.55%
Diversified REITs-5.19%
Hotel and Resort REITs-5.54%
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

O5RU
S$1.38
AIMS APAC REIT
7D
-6.8%
1Y
11.3%
M44U
S$1.20
Mapletree Logistics Trust
7D
-6.3%
1Y
-3.2%

M44U: Upcoming Distribution Will Support Future Distribution Upside Potential

Analysts have marginally revised their price target for Mapletree Logistics Trust, maintaining it at SGD 1.67, based on updated assumptions that now incorporate a higher discount rate, slightly adjusted revenue growth expectations, a somewhat stronger profit margin profile, and a marginally lower future P/E multiple. What's in the News Mapletree Logistics Trust plans to pay a distribution of 1.816 cents per unit for the period from 1 October 2025 to 31 December 2025, with payment scheduled for 18 March 2026 (Key Developments).
DHLU
S$0.51
Daiwa House Logistics Trust
7D
-7.3%
1Y
-11.4%
A17U
S$2.54
CapitaLand Ascendas REIT
7D
-5.2%
1Y
0.8%
M1GU
S$0.45
Alpha Integrated Real Estate Investment Trust
7D
-5.3%
1Y
21.6%
ME8U
S$1.95
Mapletree Industrial Trust
7D
-3.9%
1Y
-3.5%

ME8U: Higher Projected Margins And DPU Will Support Richer Future Multiples

Analysts have kept their SGD2.54 price target for Mapletree Industrial Trust unchanged, citing slightly higher projected revenue growth, profit margin and forward P/E assumptions as key reasons for maintaining this view. What's in the News Mapletree Industrial Trust announced a Distribution Per Unit of 3.17 cents for the third quarter of Financial Year 2025/2026, covering 1 October 2025 to 31 December 2025 (Key Developments).
9A4U
S$2.33
ESR-REIT
7D
-4.5%
1Y
-0.9%
BUOU
S$0.94
Frasers Logistics & Commercial Trust
7D
-5.1%
1Y
9.4%