Narrative Update • May 11

Over the last 7 days, the Retail REITs industry has dropped 1.4%, driven by Frasers Centrepoint Trust declining 1.3%. Over the past 12 months, the industry was up 3.4%. Looking forward, earnings are forecast to grow by 10% annually.
Has the Singaporean Retail REITs Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 17 May 2026 | S$10.4b | S$1.7b | S$512.9m | 14.3x | 20.2x | 6.2x |
| Tue, 14 Apr 2026 | S$10.4b | S$1.6b | S$491.0m | 14.1x | 21.2x | 6.4x |
| Thu, 12 Mar 2026 | S$10.1b | S$1.6b | S$491.0m | 14.3x | 20.5x | 6.2x |
| Sat, 07 Feb 2026 | S$10.6b | S$1.6b | S$505.4m | 12.9x | 21x | 6.6x |
| Mon, 05 Jan 2026 | S$10.8b | S$1.6b | S$515.9m | 13.6x | 20.9x | 6.6x |
| Wed, 03 Dec 2025 | S$10.7b | S$1.6b | S$515.9m | 13.6x | 20.8x | 6.6x |
| Fri, 31 Oct 2025 | S$10.7b | S$1.6b | S$456.8m | 16.8x | 23.5x | 6.6x |
| Sun, 28 Sep 2025 | S$10.4b | S$1.6b | S$465.1m | 16.8x | 22.4x | 6.6x |
| Tue, 26 Aug 2025 | S$10.2b | S$1.6b | S$465.1m | 20.4x | 21.9x | 6.4x |
| Thu, 24 Jul 2025 | S$9.9b | S$1.6b | S$351.7m | 18.5x | 28.2x | 6.2x |
| Sat, 21 Jun 2025 | S$25.3b | S$3.2b | S$1.3b | 17.2x | 19.7x | 7.9x |
| Mon, 19 May 2025 | S$27.2b | S$3.5b | S$1.6b | 16.1x | 17.1x | 7.8x |
| Wed, 16 Apr 2025 | S$26.9b | S$3.5b | S$1.6b | 16.2x | 16.9x | 7.7x |
| Fri, 14 Mar 2025 | S$27.2b | S$3.5b | S$1.6b | 16.5x | 17.1x | 7.8x |
| Sun, 09 Feb 2025 | S$26.0b | S$3.5b | S$1.4b | 15.5x | 18.7x | 7.5x |
| Tue, 07 Jan 2025 | S$26.3b | S$3.5b | S$1.3b | 17.9x | 19.8x | 7.5x |
| Thu, 05 Dec 2024 | S$32.5b | S$4.4b | S$1.8b | 17x | 18.2x | 7.3x |
| Sat, 02 Nov 2024 | S$33.6b | S$4.4b | S$1.8b | 17.6x | 18.8x | 7.6x |
| Mon, 30 Sep 2024 | S$35.4b | S$4.5b | S$1.9b | 17.7x | 18.5x | 7.9x |
| Wed, 28 Aug 2024 | S$33.4b | S$4.5b | S$2.0b | 17x | 17x | 7.5x |
| Fri, 26 Jul 2024 | S$32.0b | S$4.5b | S$1.9b | 16x | 16.5x | 7.2x |
| Sun, 23 Jun 2024 | S$30.8b | S$4.5b | S$1.7b | 15.1x | 18.5x | 6.8x |
| Tue, 21 May 2024 | S$31.2b | S$4.5b | S$1.7b | 15.4x | 18.8x | 6.9x |
| Thu, 18 Apr 2024 | S$30.0b | S$4.5b | S$1.4b | 17.4x | 20.7x | 6.6x |
| Sat, 16 Mar 2024 | S$30.9b | S$4.5b | S$1.4b | 17.1x | 21.3x | 6.8x |
| Mon, 12 Feb 2024 | S$32.3b | S$4.5b | S$1.6b | 17.8x | 20.1x | 7.1x |
| Wed, 10 Jan 2024 | S$33.4b | S$4.5b | S$1.5b | 16.3x | 22x | 7.4x |
| Fri, 08 Dec 2023 | S$31.7b | S$4.5b | S$1.5b | 15.5x | 20.9x | 7x |
| Sun, 05 Nov 2023 | S$30.5b | S$4.5b | S$1.5b | 14.8x | 20.2x | 6.8x |
| Tue, 03 Oct 2023 | S$30.8b | S$4.4b | S$1.7b | 14.4x | 18.5x | 6.9x |
| Thu, 31 Aug 2023 | S$32.6b | S$4.4b | S$1.7b | 15.6x | 19.6x | 7.3x |
| Sat, 29 Jul 2023 | S$34.9b | S$4.2b | S$1.9b | 15.8x | 18.2x | 8.3x |
| Mon, 26 Jun 2023 | S$33.4b | S$4.2b | S$2.0b | 14x | 17.1x | 7.9x |
| Wed, 24 May 2023 | S$34.9b | S$4.2b | S$2.0b | 15.1x | 17.9x | 8.2x |
17.9x
Which industries have driven the changes within the Singaporean Real Estate industry?
| SG Market | 0.74% | |
| Real Estate | -1.71% | |
| Retail REITs | -1.37% | |
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| CRPU Sasseur Real Estate Investment Trust | S$0.67 | 0.8% +S$6.3m | 5.5% | PB0.8x |