Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Singaporean (SGX) Industrial REITs Industry Analysis

UpdatedNov 24, 2025
DataAggregated Company Financials
Companies8
  • 7D2.2%
  • 3M3.0%
  • 1Y3.1%
  • YTDn/a

Over the last 7 days, the Industrial REITs industry has risen 2.2%, driven by gains from every company within the industry. In the last 12 months, the industry was up 3.1%. Looking forward, earnings are forecast to grow by 10% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 01 Dec 2025S$32.9bS$4.2bS$1.4b18.4x23.3x7.9x
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
Sun, 12 Feb 2023S$35.6bS$3.9bS$2.7b11.2x13x9.1x
Tue, 10 Jan 2023S$34.8bS$3.8bS$2.7b11.7x12.7x9.2x
Thu, 08 Dec 2022S$34.1bS$3.9bS$2.8b11.6x12.4x8.8x
Price to Earnings Ratio

12.4x


Total Market Cap: S$34.1bTotal Earnings: S$2.8bTotal Revenue: S$3.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Industrial REITs Industry Price to Earnings3Y Average 32.4x202320242025
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 23.3x which is lower than its 3-year average PE of 32.4x.
  • 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 Market1.06%
Real Estate1.12%
REITS0.93%
Industrial REITs2.23%
Office REITs2.18%
Retail REITs2.02%
Hotel and Resort REITs1.65%
Healthcare REITs1.44%
Diversified REITs0.93%
Residential REITs0%0
Specialized REITs0%0
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
M44U Mapletree Logistics TrustS$1.323.1%
+S$203.8m		3.1%PB1x
BUOU Frasers Logistics & Commercial TrustS$0.984.8%
+S$170.6m		7.7%PB0.9x
ME8U Mapletree Industrial TrustS$2.062.5%
+S$142.7m		-11.2%PB1.2x
A17U CapitaLand Ascendas REITS$2.811.1%
+S$138.3m		7.3%PB1.2x
O5RU AIMS APAC REITS$1.462.8%
+S$32.7m		15.0%PB0.9x

Latest News

A17U
S$2.81
CapitaLand Ascendas REIT
7D
1.1%
1Y
7.3%

A17U: UK Logistics Developments Are Expected To Drive Future Upside

Analysts have slightly increased their price target for CapitaLand Ascendas REIT to $3.24. This represents a modest uptick and reflects updated forecasts for stable growth and resilient profit margins.
M44U
S$1.32
Mapletree Logistics Trust
7D
3.1%
1Y
3.1%

M44U: Future Prospects Will Reflect Fully Priced Mainland China Rent Upside

Analysts have revised Mapletree Logistics Trust’s price target downward to S$1.31, citing strong recent outperformance and the view that positive factors, especially Mainland China rent reversions, are now fully reflected in the current share price. Analyst Commentary Recent analyst evaluations highlight shifting views on Mapletree Logistics Trust.
O5RU
S$1.46
AIMS APAC REIT
7D
2.8%
1Y
15.0%
BUOU
S$0.98
Frasers Logistics & Commercial Trust
7D
4.8%
1Y
7.7%
ME8U
S$2.06
Mapletree Industrial Trust
7D
2.5%
1Y
-11.2%
DHLU
S$0.57
Daiwa House Logistics Trust
7D
0.9%
1Y
-3.4%
M1GU
S$0.48
Alpha Integrated Real Estate Investment Trust
7D
2.1%
1Y
35.2%
9A4U
S$2.77
ESR-REIT
7D
1.5%
1Y
6.5%