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?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 15 Aug 2022 | S$7.6b | S$961.5m | S$810.6m | 9.6x | 9.3x | 7.9x |
| Wed, 13 Jul 2022 | S$7.5b | S$926.9m | S$593.8m | 11.5x | 12.6x | 8.1x |
| Fri, 10 Jun 2022 | S$8.2b | S$930.0m | S$601.6m | 12.5x | 13.6x | 8.8x |
| Sun, 08 May 2022 | S$8.2b | S$929.5m | S$600.2m | 12.7x | 13.6x | 8.8x |
| Tue, 05 Apr 2022 | S$8.5b | S$931.2m | S$604.4m | 13.1x | 14.1x | 9.1x |
| Thu, 03 Mar 2022 | S$8.2b | S$931.7m | S$605.8m | 13.2x | 13.5x | 8.8x |
| Sat, 29 Jan 2022 | S$8.0b | S$903.9m | S$452.5m | 17.8x | 17.7x | 8.9x |
| Mon, 27 Dec 2021 | S$8.2b | S$892.1m | S$247.5m | 19.3x | 33x | 9.1x |
| Wed, 24 Nov 2021 | S$8.4b | S$892.1m | S$247.5m | 19.5x | 33.8x | 9.4x |
| Fri, 22 Oct 2021 | S$8.1b | S$893.5m | S$249.2m | 20.2x | 32.4x | 9x |
| Sun, 19 Sep 2021 | S$7.9b | S$894.2m | S$250.0m | 19.9x | 31.5x | 8.8x |
| Tue, 17 Aug 2021 | S$8.2b | S$894.7m | S$250.6m | 19.5x | 32.7x | 9.2x |
| Tue, 01 Jun 2021 | S$8.0b | S$868.9m | S$176.3m | 12.8x | 45.2x | 9.2x |
| Fri, 05 Mar 2021 | S$7.6b | S$851.5m | S$77.4m | 15.3x | 98.5x | 9x |
| Mon, 07 Dec 2020 | S$7.0b | S$837.3m | S$316.4m | 10x | 22.3x | 8.4x |
| Thu, 10 Sep 2020 | S$6.9b | S$819.4m | S$381.1m | 10.2x | 18.2x | 8.4x |
| Wed, 03 Jun 2020 | S$7.1b | S$808.4m | S$402.4m | 17.3x | 17.6x | 8.8x |
| Sat, 07 Mar 2020 | S$8.1b | S$792.5m | S$431.1m | 19.7x | 18.8x | 10.2x |
| Tue, 10 Dec 2019 | S$7.8b | S$703.2m | S$317.8m | 24x | 24.6x | 11.1x |
| Mon, 02 Sep 2019 | S$7.4b | S$681.6m | S$313.6m | 21.7x | 23.5x | 10.8x |
Price to Earnings Ratio
23.5x
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 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 REITs | 2.31% | |
| Diversified REITs | 0.90% | |
| Healthcare REITs | 0.70% | |
| Hotel and Resort REITs | 0.54% | |
| Residential REITs | 0% | |
| 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| K71U Keppel REIT | S$1.11 | 0.9% +S$37.3m | -1.8% | PB0.8x |