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Singaporean (SGX) Office REITs Industry Analysis
UpdatedAug 30, 2026
DataAggregated Company Financials
Companies6
- 7D-1.1%
- 3M-2.0%
- 1Y-13.3%
- YTDn/a
In the last week, Office REITs has been flat. As for the longer term, the industry has declined 13% in the last year. As for the next few years, earnings are forecast to decline by 8.8% per annum.
Industry Valuation and Performance
Has the Singaporean Office REITs Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 30 Aug 2026 | S$5.3b | S$945.8m | S$377.3m | 11.3x | 14x | 5.6x |
| Tue, 28 Jul 2026 | S$5.3b | S$909.0m | S$292.7m | 11x | 18.3x | 5.9x |
| Thu, 25 Jun 2026 | S$5.4b | S$909.1m | S$292.5m | 11.6x | 18.3x | 5.9x |
| Sat, 23 May 2026 | S$5.4b | S$909.7m | S$291.8m | 11.4x | 18.5x | 5.9x |
| Mon, 20 Apr 2026 | S$5.6b | S$910.2m | S$291.1m | 12.7x | 19.4x | 6.2x |
| Wed, 18 Mar 2026 | S$5.7b | S$937.1m | S$138.8m | 12x | 41.1x | 6.1x |
| Fri, 13 Feb 2026 | S$6.0b | S$961.1m | S$245.5m | 15.4x | 24.4x | 6.2x |
| Sun, 11 Jan 2026 | S$5.2b | S$949.1m | -S$69,010,358.44 | 27.1x | -75.9x | 5.5x |
| Tue, 09 Dec 2025 | S$5.4b | S$950.0m | -S$68,891,722.17 | 27.3x | -78.9x | 5.7x |
| Thu, 06 Nov 2025 | S$5.4b | S$949.3m | -S$68,976,976.85 | 27.2x | -78.8x | 5.7x |
| Sat, 04 Oct 2025 | S$5.3b | S$950.1m | -S$68,872,934.17 | 27x | -76.7x | 5.6x |
| Mon, 01 Sep 2025 | S$5.0b | S$949.3m | -S$68,980,179.94 | 25.5x | -72.3x | 5.3x |
| Wed, 30 Jul 2025 | S$4.9b | S$978.4m | -S$53,244,320.92 | 30.4x | -91.7x | 5x |
| Fri, 27 Jun 2025 | S$4.5b | S$978.5m | -S$44,537,414.50 | 26.8x | -101.4x | 4.6x |
| Sun, 25 May 2025 | S$4.3b | S$975.9m | -S$44,832,493.71 | 25.3x | -96.9x | 4.4x |
| Tue, 22 Apr 2025 | S$4.1b | S$979.2m | -S$44,453,325.15 | 22x | -92.8x | 4.2x |
| Thu, 20 Mar 2025 | S$4.4b | S$975.5m | -S$44,876,431.61 | 25.1x | -97.4x | 4.5x |
| Sat, 15 Feb 2025 | S$4.3b | S$1.0b | -S$257,017,937.61 | 20.5x | -16.8x | 4.3x |
| Mon, 13 Jan 2025 | S$4.5b | S$994.3m | -S$338,401,729.64 | 27.2x | -13.2x | 4.5x |
| Wed, 11 Dec 2024 | S$4.5b | S$994.8m | -S$338,972,962.37 | 26.6x | -13.2x | 4.5x |
| Fri, 08 Nov 2024 | S$4.5b | S$995.9m | -S$340,365,195.57 | 27.1x | -13.4x | 4.6x |
| Sun, 06 Oct 2024 | S$5.0b | S$996.3m | -S$340,736,192.90 | 29.9x | -14.6x | 5x |
| Tue, 03 Sep 2024 | S$4.7b | S$997.3m | -S$341,998,288.76 | 27.7x | -13.6x | 4.7x |
| Thu, 01 Aug 2024 | S$4.5b | S$1.0b | -S$619,041,047.70 | 27.2x | -7.2x | 4.5x |
| Sat, 29 Jun 2024 | S$4.1b | S$995.0m | -S$569,969,217.45 | 18.9x | -7.2x | 4.1x |
| Mon, 27 May 2024 | S$4.3b | S$995.8m | -S$571,374,251.62 | 19.7x | -7.6x | 4.4x |
| Wed, 24 Apr 2024 | S$4.3b | S$995.0m | -S$570,090,362.36 | 19.4x | -7.5x | 4.3x |
| Fri, 22 Mar 2024 | S$4.3b | S$995.6m | -S$571,028,755.47 | 19.6x | -7.6x | 4.3x |
| Sun, 18 Feb 2024 | S$4.5b | S$879.3m | -S$418,914,649.50 | 20.2x | -10.7x | 5.1x |
| Tue, 16 Jan 2024 | S$5.0b | S$960.5m | -S$267,852,775.00 | 12.7x | -18.6x | 5.2x |
| Thu, 14 Dec 2023 | S$4.6b | S$959.9m | -S$267,479,820.00 | 11x | -17.4x | 4.8x |
| Sat, 11 Nov 2023 | S$4.2b | S$960.1m | -S$267,611,213.00 | 9.8x | -15.7x | 4.4x |
| Mon, 09 Oct 2023 | S$4.2b | S$959.7m | -S$267,360,405.00 | 9.3x | -15.7x | 4.4x |
| Wed, 06 Sep 2023 | S$4.4b | S$960.7m | -S$268,003,903.00 | 9.5x | -16.5x | 4.6x |
Price to Earnings Ratio
-16.5x
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 14.0x which is higher than its 3-year average PE of -642x.
- 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 gone up over the last three years, and the industry is now profitable.
- Revenues have remained mostly flat. This means that the industry has become more efficient since profits are increasing while sales have been flat.
Industry Comparison
How does Singaporean Office REITs compare with similar industries?
| SG Market | -0.04% | |
| Real Estate | -1.52% | |
| REITS | -1.89% | |
| Office REITs | -1.09% | |
| Residential REITs | 0% | 0 |
| Specialized REITs | 0% | 0 |
| Healthcare REITs | -0.078% | |
| Hotel and Resort REITs | -0.34% | |
| Retail REITs | -0.87% | |
| Industrial REITs | -1.08% | |
| Diversified REITs | -1.89% | |
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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| MXNU Elite UK REIT | UK£0.32 | 1.6% +UK£3.2m | -10.0% | PB0.7x | |
| UD1U IREIT Global | S$0.17 | 1.2% +S$2.7m | -38.9% | PB0.4x |