Narrative Update • Jun 18
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Singaporean (SGX) Retail REITs Industry Analysis
UpdatedJul 02, 2026
DataAggregated Company Financials
Companies8
- 7D-0.8%
- 3M2.5%
- 1Y-0.3%
- YTD-6.4%
Over the last 7 days, the Retail REITs industry has remained flat. Furthermore, the industry has been flat for the past year as well. Earnings are forecast to grow by 10% annually.
Industry Valuation and Performance
Has the Singaporean Retail REITs Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 02 Jul 2026 | S$10.4b | S$1.7b | S$512.9m | 14.3x | 20.2x | 6.2x |
| Sat, 30 May 2026 | S$10.4b | S$1.7b | S$512.9m | 14.3x | 20.3x | 6.2x |
| Mon, 27 Apr 2026 | S$10.6b | S$1.7b | S$518.4m | 14.3x | 20.4x | 6.4x |
| Wed, 25 Mar 2026 | S$9.9b | S$1.6b | S$491.0m | 13.8x | 20.1x | 6.1x |
| Fri, 20 Feb 2026 | S$10.6b | S$1.6b | S$531.4m | 13x | 19.9x | 6.5x |
| Sun, 18 Jan 2026 | S$10.7b | S$1.6b | S$515.9m | 13.7x | 20.8x | 6.6x |
| Tue, 16 Dec 2025 | S$10.6b | S$1.6b | S$515.9m | 13.5x | 20.6x | 6.5x |
| Thu, 13 Nov 2025 | S$10.4b | S$1.6b | S$515.9m | 13.6x | 20.2x | 6.4x |
| Sat, 11 Oct 2025 | S$10.6b | S$1.6b | S$465.1m | 18x | 22.7x | 6.7x |
| Mon, 08 Sep 2025 | S$10.5b | S$1.6b | S$465.1m | 20.4x | 22.5x | 6.6x |
| Wed, 06 Aug 2025 | S$10.0b | S$1.6b | S$478.9m | 19.8x | 20.8x | 6.3x |
| Fri, 04 Jul 2025 | S$9.8b | S$1.6b | S$351.7m | 17.8x | 27.8x | 6.1x |
| Sun, 01 Jun 2025 | S$24.7b | S$3.2b | S$1.3b | 16.9x | 19.2x | 7.7x |
| Tue, 29 Apr 2025 | S$27.9b | S$3.5b | S$1.6b | 17x | 17.6x | 8x |
| Thu, 27 Mar 2025 | S$27.2b | S$3.5b | S$1.6b | 16.5x | 17.1x | 7.8x |
| Sat, 22 Feb 2025 | S$25.8b | S$3.5b | S$1.4b | 15.2x | 17.8x | 7.4x |
| Mon, 20 Jan 2025 | S$25.9b | S$3.5b | S$1.3b | 17.7x | 19.4x | 7.4x |
| Wed, 18 Dec 2024 | S$32.0b | S$4.4b | S$1.8b | 16.8x | 17.9x | 7.2x |
| Fri, 15 Nov 2024 | S$32.5b | S$4.4b | S$1.8b | 17.1x | 18.2x | 7.3x |
| Sun, 13 Oct 2024 | S$35.0b | S$4.5b | S$1.9b | 18.1x | 18.3x | 7.8x |
| Tue, 10 Sep 2024 | S$33.8b | S$4.5b | S$1.9b | 16.9x | 17.7x | 7.6x |
| Thu, 08 Aug 2024 | S$32.0b | S$4.5b | S$2.0b | 16.2x | 16x | 7.2x |
| Sat, 06 Jul 2024 | S$31.2b | S$4.5b | S$1.9b | 15.6x | 16.1x | 7x |
| Mon, 03 Jun 2024 | S$31.0b | S$4.5b | S$1.7b | 15.3x | 18.6x | 6.8x |
| Wed, 01 May 2024 | S$31.1b | S$4.5b | S$1.7b | 15.3x | 18.7x | 6.8x |
| Fri, 29 Mar 2024 | S$31.6b | S$4.5b | S$1.4b | 17.4x | 21.8x | 7x |
| Sun, 25 Feb 2024 | S$31.9b | S$4.5b | S$1.6b | 16.3x | 19.9x | 7x |
| Tue, 23 Jan 2024 | S$32.6b | S$4.5b | S$1.5b | 15.4x | 21.5x | 7.3x |
| Thu, 21 Dec 2023 | S$32.8b | S$4.5b | S$1.5b | 16.1x | 21.6x | 7.3x |
| Sat, 18 Nov 2023 | S$31.1b | S$4.5b | S$1.5b | 14.8x | 20.5x | 6.9x |
| Mon, 16 Oct 2023 | S$30.6b | S$4.4b | S$1.7b | 14.2x | 18.3x | 6.9x |
| Wed, 13 Sep 2023 | S$32.2b | S$4.4b | S$1.7b | 15.3x | 19.3x | 7.3x |
| Fri, 11 Aug 2023 | S$33.7b | S$4.5b | S$1.8b | 16.3x | 18.3x | 7.6x |
| Sun, 09 Jul 2023 | S$33.0b | S$4.2b | S$2.0b | 14x | 16.9x | 7.8x |
Price to Earnings Ratio
16.9x
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 19.7x.
- The 3-year average PS ratio of 7.0x is higher than the industry's current PS ratio of 6.2x.
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 Market | -1.00% | |
| Real Estate | -1.66% | |
| Retail REITs | -0.81% | |
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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| P40U Starhill Global Real Estate Investment Trust | S$0.55 | 0.9% +S$11.6m | 5.8% | PB0.7x | |
| AU8U CapitaLand China Trust | S$0.65 | 0.8% +S$8.8m | -9.7% | PB0.6x | |
| ODBU United Hampshire US Real Estate Investment Trust | US$0.52 | 1.0% +US$3.0m | 13.0% | PB0.7x |