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Singaporean (SGX) Retail REITs Industry Analysis

UpdatedFeb 28, 2026
DataAggregated Company Financials
Companies8
  • 7D-1.6%
  • 3M-3.8%
  • 1Y8.3%
  • YTDn/a

Over the last 7 days, the Retail REITs industry has dropped 1.6%, driven by a pullback from Lendlease Global Commercial REIT of 6.5%. Over the past 12 months, the industry was up 8.3%. As for the next few years, earnings are expected to grow by 12% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 01 Mar 2026S$10.4bS$1.6bS$490.3m14.8x21.2x6.4x
Tue, 27 Jan 2026S$10.8bS$1.6bS$515.9m13.7x20.9x6.6x
Thu, 25 Dec 2025S$10.7bS$1.6bS$515.9m13.6x20.7x6.5x
Sat, 22 Nov 2025S$10.5bS$1.6bS$515.9m13.6x20.3x6.4x
Mon, 20 Oct 2025S$10.7bS$1.6bS$465.1m15.6x22.9x6.7x
Wed, 17 Sep 2025S$10.6bS$1.6bS$465.1m18x22.7x6.6x
Fri, 15 Aug 2025S$10.0bS$1.6bS$458.0m19.2x21.9x6.3x
Sun, 13 Jul 2025S$9.6bS$1.6bS$351.7m18x27.4x6x
Tue, 10 Jun 2025S$24.6bS$3.2bS$1.3b17x19.2x7.7x
Thu, 08 May 2025S$27.8bS$3.5bS$1.6b16.5x17.4x8x
Sat, 05 Apr 2025S$27.4bS$3.5bS$1.6b16.7x17.2x7.9x
Mon, 03 Mar 2025S$25.8bS$3.5bS$1.6b15.4x16.3x7.4x
Wed, 29 Jan 2025S$25.8bS$3.5bS$1.3b17.1x19.3x7.4x
Fri, 27 Dec 2024S$32.0bS$4.4bS$1.8b16.8x17.9x7.2x
Sun, 24 Nov 2024S$32.0bS$4.4bS$1.8b16.7x17.9x7.2x
Tue, 22 Oct 2024S$35.2bS$4.5bS$1.9b18.2x18.4x7.9x
Thu, 19 Sep 2024S$34.6bS$4.5bS$1.9b17.4x18.1x7.8x
Sat, 17 Aug 2024S$32.6bS$4.5bS$2.0b16.9x16.6x7.3x
Mon, 15 Jul 2024S$33.1bS$4.5bS$1.9b16.6x17.1x7.4x
Wed, 12 Jun 2024S$31.0bS$4.5bS$1.7b15.1x18.7x6.8x
Fri, 10 May 2024S$30.8bS$4.5bS$1.7b15.2x18.6x6.8x
Sun, 07 Apr 2024S$31.8bS$4.5bS$1.4b17.5x22x7x
Tue, 05 Mar 2024S$30.9bS$4.5bS$1.4b17.1x21.3x6.8x
Thu, 01 Feb 2024S$33.1bS$4.5bS$1.5b18.6x22.7x7.4x
Sat, 30 Dec 2023S$34.2bS$4.5bS$1.5b16.9x22.5x7.6x
Mon, 27 Nov 2023S$31.3bS$4.5bS$1.5b15x20.7x7x
Wed, 25 Oct 2023S$29.3bS$4.4bS$1.7b13.5x17.6x6.6x
Fri, 22 Sep 2023S$32.0bS$4.4bS$1.7b15.1x19.2x7.2x
Sun, 20 Aug 2023S$32.6bS$4.5bS$1.8b15.6x17.7x7.3x
Tue, 18 Jul 2023S$34.6bS$4.2bS$2.0b14.7x17.7x8.2x
Thu, 15 Jun 2023S$34.1bS$4.2bS$2.0b14.3x17.5x8.1x
Sat, 13 May 2023S$35.2bS$4.2bS$2.0b15.3x18x8.3x
Mon, 10 Apr 2023S$35.9bS$4.1bS$2.0b15.9x18.1x8.7x
Wed, 08 Mar 2023S$34.5bS$4.1bS$1.9b16.2x17.8x8.4x
Price to Earnings Ratio

17.8x


Total Market Cap: S$34.5bTotal Earnings: S$1.9bTotal Revenue: S$4.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Retail REITs Industry Price to Earnings3Y Average 19.4x202420252026
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 19.4x.
  • The 3-year average PS ratio of 7.3x is higher than the industry's current PS ratio of 6.4x.
Past Earnings Growth
  • The earnings for companies in the Retail REITs industry have declined 37% per year over the last three years,
  • Revenues have also declined 27% 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 Market-0.35%
Real Estate-0.32%
REITS0.26%
Retail REITs-1.64%
Office REITs0.67%
Diversified REITs0.26%
Residential REITs0%0
Specialized REITs0%0
Industrial REITs-0.30%
Healthcare REITs-0.74%
Hotel and Resort REITs-2.23%
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
J69U Frasers Centrepoint TrustS$2.290.9%
+S$40.7m		11.7%PB1x
BMGU BHG Retail REITS$0.451.1%
+S$2.6m		-3.3%PB0.7x

Latest News

JYEU
S$0.57
Lendlease Global Commercial REIT
7D
-6.5%
1Y
13.9%
BMGU
S$0.45
BHG Retail REIT
7D
1.1%
1Y
-3.3%
ODBU
US$0.54
United Hampshire US Real Estate Investment Trust
7D
-3.6%
1Y
10.2%
J69U
S$2.29
Frasers Centrepoint Trust
7D
0.9%
1Y
11.7%

J69U: Slightly Higher Risk Assumptions Will Still Support Future Upside Potential

Analysts have kept their SGD fair value estimate for Frasers Centrepoint Trust broadly unchanged at about SGD 2.60. This reflects only marginal tweaks to discount rate, long term revenue growth, profit margin and future P/E assumptions, rather than any shift in the core thesis.
P40U
S$0.56
Starhill Global Real Estate Investment Trust
7D
-1.7%
1Y
16.5%
AU8U
S$0.69
CapitaLand China Trust
7D
-4.9%
1Y
3.0%