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Singaporean (SGX) Retail REITs Industry Analysis

UpdatedSep 13, 2025
DataAggregated Company Financials
Companies9
  • 7D1.8%
  • 3M13.0%
  • 1Y3.1%
  • YTDn/a

Over the last 7 days, the Retail REITs industry has risen 1.7%, driven by gains in Frasers Centrepoint Trust and Lendlease Global Commercial REIT of 1.7% and 4.9%, respectively. The industry has been flat over the past 12 months despite the gain this week. 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
Sat, 13 Sep 2025S$10.6bS$1.6bS$465.1m18x22.9x6.7x
Mon, 11 Aug 2025S$9.9bS$1.6bS$459.7m19.2x21.6x6.2x
Wed, 09 Jul 2025S$9.6bS$1.6bS$351.7m17.8x27.2x6x
Fri, 06 Jun 2025S$24.5bS$3.2bS$1.3b16.9x19.1x7.7x
Sun, 04 May 2025S$28.1bS$3.5bS$1.6b16.8x17.6x8x
Tue, 01 Apr 2025S$27.1bS$3.5bS$1.6b16.4x17.1x7.8x
Thu, 27 Feb 2025S$26.0bS$3.5bS$1.6b15.5x16.3x7.5x
Sat, 25 Jan 2025S$25.8bS$3.5bS$1.3b17.2x19.4x7.4x
Mon, 23 Dec 2024S$31.6bS$4.4bS$1.8b16.6x17.7x7.1x
Wed, 20 Nov 2024S$32.3bS$4.4bS$1.8b16.9x18x7.3x
Fri, 18 Oct 2024S$35.1bS$4.5bS$1.9b18.1x18.3x7.9x
Sun, 15 Sep 2024S$34.5bS$4.5bS$1.9b17.5x18x7.7x
Tue, 13 Aug 2024S$32.0bS$4.4bS$2.0b16.4x16.1x7.2x
Thu, 11 Jul 2024S$31.4bS$4.5bS$1.9b15.7x16.2x7x
Sat, 08 Jun 2024S$31.5bS$4.5bS$1.7b15.6x19x6.9x
Mon, 06 May 2024S$30.5bS$4.5bS$1.7b15.1x18.4x6.7x
Wed, 03 Apr 2024S$31.8bS$4.5bS$1.4b17.4x21.9x7x
Fri, 01 Mar 2024S$31.6bS$4.5bS$1.6b16.2x19.7x7x
Sun, 28 Jan 2024S$32.2bS$4.5bS$1.5b14.9x21.3x7.2x
Tue, 26 Dec 2023S$33.3bS$4.5bS$1.5b16.5x21.9x7.4x
Thu, 23 Nov 2023S$31.5bS$4.5bS$1.5b14.9x20.7x7x
Sat, 21 Oct 2023S$29.0bS$4.4bS$1.7b13.2x17.4x6.5x
Mon, 18 Sep 2023S$32.7bS$4.4bS$1.7b15.7x19.6x7.4x
Wed, 16 Aug 2023S$32.8bS$4.5bS$1.8b15.9x17.9x7.4x
Fri, 14 Jul 2023S$34.4bS$4.2bS$2.0b14.3x17.6x8.1x
Sun, 11 Jun 2023S$33.7bS$4.2bS$2.0b14x17.3x7.9x
Tue, 09 May 2023S$35.5bS$4.2bS$2.0b15.5x18.2x8.4x
Thu, 06 Apr 2023S$36.2bS$4.1bS$2.0b16.1x18.3x8.8x
Sat, 04 Mar 2023S$34.6bS$4.1bS$2.0b16.4x17.3x8.4x
Mon, 30 Jan 2023S$37.5bS$3.9bS$2.4b14.9x15.5x9.7x
Wed, 28 Dec 2022S$34.7bS$3.9bS$2.4b13.6x14.4x9x
Fri, 25 Nov 2022S$34.4bS$3.9bS$2.4b13.5x14.3x8.9x
Sun, 23 Oct 2022S$31.2bS$3.7bS$2.2b12.1x13.9x8.3x
Tue, 20 Sep 2022S$37.1bS$3.7bS$2.2b14.4x16.5x9.9x
Price to Earnings Ratio

16.5x


Total Market Cap: S$37.1bTotal Earnings: S$2.2bTotal Revenue: S$3.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Singaporean Retail REITs Industry Price to Earnings3Y Average 18.5x202320242025
Current Industry PE
  • Investors are optimistic on the Singaporean Retail REITs industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 22.7x which is higher than its 3-year average PE of 18.5x.
  • The 3-year average PS ratio of 7.6x 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 41% 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 Market1.19%
Real Estate2.25%
REITS2.91%
Retail REITs1.77%
Office REITs5.01%
Diversified REITs2.91%
Healthcare REITs2.56%
Industrial REITs2.45%
Hotel and Resort REITs1.60%
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
J69U Frasers Centrepoint TrustS$2.381.7%
+S$81.2m		0.8%PB1.2x
JYEU Lendlease Global Commercial REITS$0.644.9%
+S$73.4m		4.1%PB0.7x
AU8U CapitaLand China TrustS$0.803.9%
+S$52.2m		10.3%PB0.7x
P40U Starhill Global Real Estate Investment TrustS$0.571.8%
+S$23.0m		10.6%PB0.8x
ODBU United Hampshire US Real Estate Investment TrustUS$0.501.0%
+US$3.0m		7.5%PB0.7x

Latest News

CRPU
S$0.69
Sasseur Real Estate Investment Trust
7D
-3.5%
1Y
2.2%
P40U
S$0.57
Starhill Global Real Estate Investment Trust
7D
1.8%
1Y
10.6%
JYEU
S$0.64
Lendlease Global Commercial REIT
7D
4.9%
1Y
4.1%
ODBU
US$0.50
United Hampshire US Real Estate Investment Trust
7D
1.0%
1Y
7.5%
AU8U
S$0.80
CapitaLand China Trust
7D
3.9%
1Y
10.3%
D5IU
S$0.015
Lippo Malls Indonesia Retail Trust
7D
-11.8%
1Y
-31.8%
J69U
S$2.38
Frasers Centrepoint Trust
7D
1.7%
1Y
0.8%