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Singaporean (SGX) Retail REITs Industry Analysis

UpdatedJan 14, 2026
DataAggregated Company Financials
Companies8
  • 7D1.5%
  • 3M-1.0%
  • 1Y10.7%
  • YTDn/a

Last week, the Retail REITs industry hasn't moved much but BHG Retail REIT is up 10% in that time. The past year has been better, since the industry has gained 8.0% in that time. Looking forward, earnings are forecast to grow by 13% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 14 Jan 2026S$10.8bS$1.6bS$515.9m13.8x21x6.6x
Fri, 12 Dec 2025S$10.5bS$1.6bS$515.9m13.4x20.4x6.5x
Sun, 09 Nov 2025S$10.4bS$1.6bS$515.9m13.8x20.2x6.4x
Tue, 07 Oct 2025S$10.6bS$1.6bS$465.1m16.8x22.8x6.7x
Thu, 04 Sep 2025S$10.5bS$1.6bS$465.1m19.2x22.5x6.6x
Sat, 02 Aug 2025S$9.9bS$1.6bS$465.1m20.4x21.3x6.2x
Mon, 30 Jun 2025S$25.6bS$3.2bS$1.3b17.4x20x8x
Wed, 28 May 2025S$24.5bS$3.2bS$1.3b16.8x19.1x7.7x
Fri, 25 Apr 2025S$27.8bS$3.5bS$1.6b16.8x17.4x8x
Sun, 23 Mar 2025S$27.0bS$3.5bS$1.6b16.3x17x7.8x
Tue, 18 Feb 2025S$26.1bS$3.5bS$1.4b15.5x18.1x7.5x
Thu, 16 Jan 2025S$25.5bS$3.5bS$1.3b17.4x19.2x7.3x
Sat, 14 Dec 2024S$32.0bS$4.4bS$1.8b16.8x17.9x7.2x
Mon, 11 Nov 2024S$32.5bS$4.4bS$1.8b17.1x18.1x7.3x
Wed, 09 Oct 2024S$35.3bS$4.5bS$1.9b18.2x18.4x7.9x
Fri, 06 Sep 2024S$33.4bS$4.5bS$2.0b16.8x17x7.5x
Sun, 04 Aug 2024S$32.9bS$4.4bS$1.9b17.9x17.4x7.4x
Tue, 02 Jul 2024S$31.1bS$4.5bS$1.9b15.3x16x7x
Thu, 30 May 2024S$30.8bS$4.5bS$1.7b15.2x18.5x6.8x
Sat, 27 Apr 2024S$31.0bS$4.5bS$1.6b15.3x18.9x6.8x
Mon, 25 Mar 2024S$31.3bS$4.5bS$1.4b17.3x21.6x6.9x
Wed, 21 Feb 2024S$32.1bS$4.5bS$1.6b18x20.1x7.1x
Fri, 19 Jan 2024S$32.4bS$4.5bS$1.5b15.4x21.3x7.2x
Sun, 17 Dec 2023S$33.4bS$4.5bS$1.5b16.1x22x7.4x
Tue, 14 Nov 2023S$29.9bS$4.5bS$1.5b14.1x19.8x6.6x
Thu, 12 Oct 2023S$30.5bS$4.4bS$1.7b14.1x18.3x6.9x
Sat, 09 Sep 2023S$32.1bS$4.4bS$1.7b15.2x19.3x7.2x
Mon, 07 Aug 2023S$34.0bS$4.4bS$1.9b15.9x17.7x7.7x
Wed, 05 Jul 2023S$34.0bS$4.2bS$2.0b14.3x17.4x8x
Fri, 02 Jun 2023S$34.4bS$4.2bS$2.0b14.7x17.6x8.1x
Sun, 30 Apr 2023S$35.4bS$4.3bS$1.9b15.6x18.2x8.3x
Tue, 28 Mar 2023S$35.1bS$4.1bS$2.0b15.7x17.7x8.5x
Thu, 23 Feb 2023S$34.7bS$4.1bS$2.0b15.9x17.7x8.4x
Sat, 21 Jan 2023S$36.4bS$3.9bS$2.4b14.4x15.1x9.4x
Price to Earnings Ratio

15.1x


Total Market Cap: S$36.4bTotal Earnings: S$2.4bTotal Revenue: S$3.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Retail REITs Industry Price to Earnings3Y Average 19.2x202420252026
Current Industry PE
  • Investors are relatively neutral on the Singaporean Retail REITs industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 19.2x.
  • The 3-year average PS ratio of 7.4x is higher than the industry's current PS ratio of 6.6x.
Past Earnings Growth
  • The earnings for companies in the Retail REITs industry have declined 40% per year over the last three years,
  • Revenues have also declined 25% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Comparison

How does Singaporean Retail REITs compare with similar industries?

SG Market1.55%
Real Estate3.45%
REITS1.21%
Retail REITs1.51%
Industrial REITs1.90%
Healthcare REITs1.27%
Diversified REITs1.21%
Office REITs0.86%
Hotel and Resort REITs0.55%
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
JYEU Lendlease Global Commercial REITS$0.643.3%
+S$59.2m		17.6%PB0.9x
AU8U CapitaLand China TrustS$0.812.5%
+S$34.8m		10.3%PB0.7x
BMGU BHG Retail REITS$0.4815.7%
+S$33.8m		3.2%PB0.7x
J69U Frasers Centrepoint TrustS$2.290.4%
+S$20.3m		9.0%PB1x
ODBU United Hampshire US Real Estate Investment TrustUS$0.532.9%
+US$9.1m		11.6%PB0.7x

Latest News

JYEU
S$0.64
Lendlease Global Commercial REIT
7D
3.3%
1Y
17.6%
ODBU
US$0.53
United Hampshire US Real Estate Investment Trust
7D
2.9%
1Y
11.6%
J69U
S$2.29
Frasers Centrepoint Trust
7D
0.4%
1Y
9.0%

J69U: Stable Payout Structure Will Support Future Upside Despite Revenue Headwinds

Analysts have maintained their fair value estimate for Frasers Centrepoint Trust at $2.60, making only minor adjustments to inputs such as the discount rate and future P/E. This indicates that their overall conviction in the rationale for this price target remains unchanged.
AU8U
S$0.81
CapitaLand China Trust
7D
2.5%
1Y
10.3%
D5IU
S$0.009
Lippo Malls Indonesia Retail Trust
7D
12.5%
1Y
-50.0%
P40U
S$0.59
Starhill Global Real Estate Investment Trust
7D
0.8%
1Y
20.2%
CRPU
S$0.69
Sasseur Real Estate Investment Trust
7D
0.7%
1Y
2.2%
BMGU
S$0.48
BHG Retail REIT
7D
15.7%
1Y
3.2%