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Singaporean (SGX) Office REITs Industry Analysis

UpdatedAug 15, 2022
DataAggregated Company Financials
Companies6
  • 7D-2.4%
  • 3M-3.8%
  • 1Y-12.0%
  • YTD-9.9%

Over the last 7 days, the Office REITs industry has dropped 2.4%, driven by declines from every company within the industry. The industry has fallen 12% in the last year. As for the next few years, earnings are forecast to decline by 3.6% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 15 Aug 2022S$7.6bS$961.5mS$810.6m9.6x9.3x7.9x
Wed, 13 Jul 2022S$7.5bS$926.9mS$593.8m11.5x12.6x8.1x
Fri, 10 Jun 2022S$8.2bS$930.0mS$601.6m12.5x13.6x8.8x
Sun, 08 May 2022S$8.2bS$929.5mS$600.2m12.7x13.6x8.8x
Tue, 05 Apr 2022S$8.5bS$931.2mS$604.4m13.1x14.1x9.1x
Thu, 03 Mar 2022S$8.2bS$931.7mS$605.8m13.2x13.5x8.8x
Sat, 29 Jan 2022S$8.0bS$903.9mS$452.5m17.8x17.7x8.9x
Mon, 27 Dec 2021S$8.2bS$892.1mS$247.5m19.3x33x9.1x
Wed, 24 Nov 2021S$8.4bS$892.1mS$247.5m19.5x33.8x9.4x
Fri, 22 Oct 2021S$8.1bS$893.5mS$249.2m20.2x32.4x9x
Sun, 19 Sep 2021S$7.9bS$894.2mS$250.0m19.9x31.5x8.8x
Tue, 17 Aug 2021S$8.2bS$894.7mS$250.6m19.5x32.7x9.2x
Tue, 01 Jun 2021S$8.0bS$868.9mS$176.3m12.8x45.2x9.2x
Fri, 05 Mar 2021S$7.6bS$851.5mS$77.4m15.3x98.5x9x
Mon, 07 Dec 2020S$7.0bS$837.3mS$316.4m10x22.3x8.4x
Thu, 10 Sep 2020S$6.9bS$819.4mS$381.1m10.2x18.2x8.4x
Wed, 03 Jun 2020S$7.1bS$808.4mS$402.4m17.3x17.6x8.8x
Sat, 07 Mar 2020S$8.1bS$792.5mS$431.1m19.7x18.8x10.2x
Tue, 10 Dec 2019S$7.8bS$703.2mS$317.8m24x24.6x11.1x
Mon, 02 Sep 2019S$7.4bS$681.6mS$313.6m21.7x23.5x10.8x
Price to Earnings Ratio

23.5x


Total Market Cap: S$7.4bTotal Earnings: S$313.6mTotal Revenue: S$681.6mTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Office REITs Industry Price to Earnings3Y Average 30x202020212022
Current Industry PE
  • Investors are pessimistic on the Singaporean Office 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 9.3x which is lower than its 3-year average PE of 30.0x.
  • The 3-year average PS ratio of 9.1x is higher than the industry's current PS ratio of 7.9x.
Past Earnings Growth
  • The earnings for companies in the Office REITs industry have grown 37% per year over the last three years.
  • Revenues for these companies have grown 12% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Comparison

How does Singaporean Office REITs compare with similar industries?

SG Market-0.39%
Real Estate-0.56%
REITS-0.11%
Office REITs-2.44%
Specialized REITs2.31%
Diversified REITs0.90%
Healthcare REITs0.70%
Hotel and Resort REITs0.54%
Residential REITs0%
Industrial REITs-0.24%
Retail REITs-0.28%
Industry PEThere is insufficient data on the sub-industries of this industry.
Forecasted GrowthThere is insufficient data on the sub-industries of this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
K71U Keppel REITS$1.110.9%
+S$37.3m
-1.8%PB0.8x
Simply Wall St™
Simply Wall Street Pty Ltd
17-21 Bellevue Street, Surry Hills, Sydney
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