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Singaporean (SGX) Office REITs Industry Analysis

UpdatedSep 15, 2025
DataAggregated Company Financials
Companies6
  • 7D5.0%
  • 3M17.7%
  • 1Y6.7%
  • YTDn/a

Over the last 7 days, the Office REITs industry has risen 5.0%, driven by gains from every company within the industry. This takes the industry's 12 month performance to a gain of 6.7%. As for the next few years, earnings are expected to grow by 19% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 16 Sep 2025S$5.3bS$949.6m-S$68,934,058.2126.9x-76.6x5.6x
Thu, 14 Aug 2025S$4.8bS$975.6m-S$4,557,950.2425.9x-1060.8x5x
Sat, 12 Jul 2025S$4.6bS$979.0m-S$44,480,912.6428.4x-102.8x4.7x
Mon, 09 Jun 2025S$4.4bS$976.7m-S$44,747,020.3627.2x-99.3x4.6x
Wed, 07 May 2025S$4.3bS$976.0m-S$44,821,983.5624.1x-96.1x4.4x
Fri, 04 Apr 2025S$4.4bS$977.4m-S$44,665,359.0624.8x-99x4.5x
Sun, 02 Mar 2025S$4.1bS$971.6m-S$45,326,059.4725.9x-91.2x4.3x
Tue, 28 Jan 2025S$4.5bS$994.8m-S$339,032,247.9426.9x-13.2x4.5x
Thu, 26 Dec 2024S$4.5bS$994.4m-S$338,530,316.9026.9x-13.2x4.5x
Sat, 23 Nov 2024S$4.5bS$994.2m-S$338,262,220.3426.6x-13.2x4.5x
Mon, 21 Oct 2024S$4.9bS$995.7m-S$340,018,816.5529.3x-14.4x4.9x
Wed, 18 Sep 2024S$5.1bS$996.9m-S$341,489,431.2930.4x-14.9x5.1x
Fri, 16 Aug 2024S$4.4bS$985.7m-S$368,081,865.6226.1x-11.9x4.4x
Sun, 14 Jul 2024S$4.4bS$995.7m-S$571,136,474.9920.2x-7.7x4.4x
Tue, 11 Jun 2024S$4.3bS$995.1m-S$570,168,034.7419.3x-7.5x4.3x
Thu, 09 May 2024S$4.3bS$995.4m-S$570,643,546.3119.7x-7.6x4.3x
Sat, 06 Apr 2024S$4.5bS$995.5m-S$570,905,935.7720.1x-7.8x4.5x
Mon, 04 Mar 2024S$4.3bS$891.5m-S$570,524,948.5719.5x-7.5x4.8x
Wed, 31 Jan 2024S$4.8bS$872.1m-S$381,760,390.0015.9x-12.7x5.5x
Fri, 29 Dec 2023S$5.0bS$960.7m-S$268,027,610.0012.9x-18.8x5.3x
Sun, 26 Nov 2023S$4.6bS$960.9m-S$268,117,903.0010.8x-17.1x4.8x
Tue, 24 Oct 2023S$4.0bS$960.2m-S$267,714,269.009.1x-15.1x4.2x
Thu, 21 Sep 2023S$4.5bS$960.5m-S$267,846,830.009.8x-16.7x4.7x
Sat, 19 Aug 2023S$4.6bS$961.5m-S$268,466,139.0010.5x-17x4.7x
Mon, 17 Jul 2023S$5.0bS$962.1mS$333.0m8.6x15.1x5.2x
Wed, 14 Jun 2023S$4.8bS$959.8mS$331.6m8.1x14.5x5x
Fri, 12 May 2023S$4.8bS$960.1mS$331.8m8.1x14.6x5x
Sun, 09 Apr 2023S$5.3bS$960.2mS$331.9m8.4x16.1x5.6x
Tue, 07 Mar 2023S$5.6bS$958.9mS$331.1m9.8x16.8x5.8x
Thu, 02 Feb 2023S$6.3bS$949.5mS$906.3m6.7x6.9x6.6x
Sat, 31 Dec 2022S$5.7bS$962.9mS$814.2m5.6x7x5.9x
Mon, 28 Nov 2022S$5.9bS$962.9mS$814.1m6.9x7.3x6.2x
Wed, 26 Oct 2022S$5.9bS$961.4mS$810.3m6.5x7.2x6.1x
Fri, 23 Sep 2022S$7.0bS$961.0mS$809.3m8.5x8.7x7.3x
Price to Earnings Ratio

8.7x


Total Market Cap: S$7.0bTotal Earnings: S$809.3mTotal Revenue: S$961.0mTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Office REITs Industry Price to Earnings3Y Average -632.1x202320242025
Current Industry PE
  • Investors are optimistic on the Singaporean Office REITs industry, and appear confident in long term growth rates.
  • The 3-year average PS ratio of 5.0x is lower than the industry's current PS ratio of 5.6x.
Past Earnings Growth
  • Total earnings for the Office REITs industry have declined over the last three years, with the industry now making a loss overall.
  • 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 Office REITs compare with similar industries?

SG Market1.18%
Real Estate2.25%
REITS2.91%
Office REITs5.01%
Diversified REITs2.91%
Healthcare REITs2.56%
Industrial REITs2.45%
Retail REITs1.77%
Hotel and Resort REITs1.60%
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
OXMU Prime US REITUS$0.2420.6%
+US$53.6m
24.4%PB0.4x
K71U Keppel REITS$1.011.0%
+S$38.9m
5.8%PB0.8x
BTOU Manulife US Real Estate Investment TrustUS$0.0877.4%
+US$11.0m
-18.7%PB0.4x
UD1U IREIT GlobalS$0.291.7%
+S$6.7m
0%PB0.5x
CMOU Keppel Pacific Oak US REITUS$0.262.0%
+US$5.2m
0%PB0.4x