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Singaporean (SGX) Retail REITs Industry Analysis

UpdatedDec 31, 2025
DataAggregated Company Financials
Companies8
  • 7D0.8%
  • 3M-1.0%
  • 1Y8.7%
  • YTD7.4%

In the last week, the Retail REITs industry is flat overall, with Lippo Malls Indonesia Retail Trust standing out by going down 11%. The past year has been better, since the industry has gained 8.7% in that time. Looking forward, earnings are forecast to grow by 12% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 01 Jan 2026S$10.7bS$1.6bS$515.9m13.6x20.8x6.6x
Sat, 29 Nov 2025S$10.7bS$1.6bS$515.9m13.6x20.7x6.6x
Mon, 27 Oct 2025S$10.8bS$1.6bS$456.8m16.8x23.6x6.6x
Wed, 24 Sep 2025S$10.4bS$1.6bS$465.1m19.2x22.4x6.6x
Fri, 22 Aug 2025S$10.0bS$1.6bS$465.1m20.4x21.5x6.3x
Sun, 20 Jul 2025S$9.8bS$1.6bS$351.7m18.2x27.7x6.1x
Tue, 17 Jun 2025S$25.0bS$3.2bS$1.3b17.1x19.4x7.8x
Thu, 15 May 2025S$27.1bS$3.5bS$1.6b16x17x7.8x
Sat, 12 Apr 2025S$26.4bS$3.5bS$1.6b16x16.6x7.6x
Mon, 10 Mar 2025S$26.1bS$3.5bS$1.6b15.7x16.4x7.5x
Wed, 05 Feb 2025S$25.6bS$3.5bS$1.3b16.8x19.2x7.4x
Fri, 03 Jan 2025S$26.0bS$3.5bS$1.3b17.8x19.5x7.4x
Sun, 01 Dec 2024S$32.4bS$4.4bS$1.8b17x18.1x7.3x
Tue, 29 Oct 2024S$34.0bS$4.4bS$1.8b17.9x18.7x7.7x
Thu, 26 Sep 2024S$34.4bS$4.5bS$1.9b17.3x18x7.7x
Sat, 24 Aug 2024S$33.0bS$4.5bS$2.0b16.8x16.8x7.4x
Mon, 22 Jul 2024S$32.3bS$4.5bS$1.9b16x16.6x7.2x
Wed, 19 Jun 2024S$30.9bS$4.5bS$1.7b15.3x18.6x6.8x
Fri, 17 May 2024S$31.5bS$4.5bS$1.7b15.5x18.9x6.9x
Sun, 14 Apr 2024S$31.4bS$4.5bS$1.4b17.8x21.6x6.9x
Tue, 12 Mar 2024S$31.4bS$4.5bS$1.4b17x21.7x6.9x
Thu, 08 Feb 2024S$32.2bS$4.5bS$1.6b17.9x20.1x7.1x
Sat, 06 Jan 2024S$33.4bS$4.5bS$1.5b16.7x22x7.4x
Mon, 04 Dec 2023S$31.1bS$4.5bS$1.5b14.9x20.5x6.9x
Wed, 01 Nov 2023S$29.4bS$4.5bS$1.5b14.3x19.5x6.5x
Fri, 29 Sep 2023S$30.9bS$4.4bS$1.7b14.4x18.5x7x
Sun, 27 Aug 2023S$32.4bS$4.4bS$1.7b15.8x19.5x7.3x
Tue, 25 Jul 2023S$34.4bS$4.2bS$2.0b14.7x17.7x8.1x
Thu, 22 Jun 2023S$34.4bS$4.2bS$2.0b14.3x17.7x8.1x
Sat, 20 May 2023S$34.7bS$4.2bS$2.0b15x17.8x8.2x
Mon, 17 Apr 2023S$36.2bS$4.1bS$2.0b16x18.3x8.8x
Price to Earnings Ratio

18.3x


Total Market Cap: S$36.2bTotal Earnings: S$2.0bTotal 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 industry is trading close to its 3-year average PS ratio of 7.3x.
Past Earnings Growth
  • The earnings for companies in the Retail REITs industry have declined 36% 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 Trends

Which industries have driven the changes within the Singaporean Real Estate industry?

SG Market0.37%
Real Estate0.52%
Retail REITs0.82%
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$2.330.9%
+S$40.7m		10.4%PB1x
P40U Starhill Global Real Estate Investment TrustS$0.592.6%
+S$34.7m		19.0%PB0.8x
JYEU Lendlease Global Commercial REITS$0.620.8%
+S$14.8m		12.7%PB0.9x
AU8U CapitaLand China TrustS$0.780.6%
+S$8.7m		7.6%PB0.7x
ODBU United Hampshire US Real Estate Investment TrustUS$0.522.0%
+US$6.1m		8.4%PB0.7x

Latest News

J69U
S$2.33
Frasers Centrepoint Trust
7D
0.9%
1Y
10.4%

J69U: Distribution Visibility Will Support Future Upside Despite Slight Margin Softness

Analysts have nudged their price target for Frasers Centrepoint Trust slightly higher to S$2.60, reflecting marginally improved long term revenue growth expectations that more than offset a modestly higher discount rate and slightly softer profit margin assumptions. What's in the News Announced a distribution of 5.963 Singapore cents per unit for the period from 4 April 2025 to 30 September 2025, comprising 5.585 cents taxable, 0.208 cents tax exempt and 0.170 cents capital component (company announcement) Unitholders on record with The Central Depository as at 5.00pm on 3 November 2025 will be entitled to the distribution, which is scheduled for payment on 28 November 2025 (company announcement) Valuation Changes Fair Value: Unchanged at SGD 2.60 per unit, indicating that model refinements have not altered the central valuation estimate.
JYEU
S$0.62
Lendlease Global Commercial REIT
7D
0.8%
1Y
12.7%
P40U
S$0.59
Starhill Global Real Estate Investment Trust
7D
2.6%
1Y
19.0%
ODBU
US$0.52
United Hampshire US Real Estate Investment Trust
7D
2.0%
1Y
8.4%
AU8U
S$0.78
CapitaLand China Trust
7D
0.6%
1Y
7.6%
BMGU
S$0.43
BHG Retail REIT
7D
-1.1%
1Y
-3.3%