Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Singaporean (SGX) Retail REITs Industry Analysis

UpdatedFeb 15, 2026
DataAggregated Company Financials
Companies8
  • 7D-0.5%
  • 3M-2.0%
  • 1Y8.4%
  • YTD-2.2%

Over the last 7 days, the Retail REITs industry has remained flat, although notably CapitaLand China Trust declined by 6.5%. The past year has been better, since the industry has gained 8.4% in that time. Looking forward, earnings are forecast to grow by 16% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 15 Feb 2026S$10.6bS$1.6bS$505.4m12.9x20.9x6.6x
Tue, 13 Jan 2026S$10.8bS$1.6bS$515.9m13.7x20.9x6.6x
Thu, 11 Dec 2025S$10.5bS$1.6bS$515.9m13.4x20.3x6.4x
Sat, 08 Nov 2025S$10.4bS$1.6bS$515.9m13.8x20.2x6.4x
Mon, 06 Oct 2025S$10.6bS$1.6bS$465.1m18x22.8x6.7x
Wed, 03 Sep 2025S$10.5bS$1.6bS$465.1m19.2x22.5x6.6x
Fri, 01 Aug 2025S$9.9bS$1.6bS$465.1m21.6x21.3x6.2x
Sun, 29 Jun 2025S$25.6bS$3.2bS$1.3b17.4x20x8x
Tue, 27 May 2025S$27.1bS$3.5bS$1.6b16.1x17.1x7.8x
Thu, 24 Apr 2025S$27.8bS$3.5bS$1.6b16.8x17.5x8x
Sat, 22 Mar 2025S$27.0bS$3.5bS$1.6b16.3x17x7.8x
Mon, 17 Feb 2025S$26.1bS$3.5bS$1.4b15.4x18x7.5x
Wed, 15 Jan 2025S$25.5bS$3.5bS$1.3b17.3x19.1x7.3x
Fri, 13 Dec 2024S$32.0bS$4.4bS$1.8b16.8x17.9x7.2x
Sun, 10 Nov 2024S$32.5bS$4.4bS$1.8b17.1x18.1x7.3x
Tue, 08 Oct 2024S$35.8bS$4.5bS$1.9b18.3x18.7x8x
Thu, 05 Sep 2024S$32.9bS$4.5bS$2.0b16.5x16.7x7.4x
Sat, 03 Aug 2024S$32.9bS$4.4bS$1.9b17.9x17.4x7.4x
Mon, 01 Jul 2024S$31.1bS$4.5bS$1.7b15.5x18.7x6.8x
Wed, 29 May 2024S$31.0bS$4.5bS$1.7b15.4x18.6x6.8x
Fri, 26 Apr 2024S$31.2bS$4.5bS$1.6b15.4x18.9x6.9x
Sun, 24 Mar 2024S$31.3bS$4.5bS$1.4b17.3x21.6x6.9x
Tue, 20 Feb 2024S$32.1bS$4.5bS$1.6b17.6x20.1x7.1x
Thu, 18 Jan 2024S$32.6bS$4.5bS$1.5b15.8x21.5x7.3x
Sat, 16 Dec 2023S$33.4bS$4.5bS$1.5b16.1x22x7.4x
Mon, 13 Nov 2023S$29.9bS$4.5bS$1.5b14.1x19.8x6.6x
Wed, 11 Oct 2023S$30.6bS$4.4bS$1.7b14.4x18.4x6.9x
Fri, 08 Sep 2023S$32.2bS$4.4bS$1.7b15.3x19.3x7.2x
Sun, 06 Aug 2023S$34.0bS$4.4bS$1.9b15.9x17.7x7.7x
Tue, 04 Jul 2023S$33.9bS$4.2bS$2.0b14.4x17.4x8x
Thu, 01 Jun 2023S$34.3bS$4.2bS$2.0b14.8x17.6x8.1x
Sat, 29 Apr 2023S$35.4bS$4.3bS$1.9b15.6x18.4x8.3x
Price to Earnings Ratio

18.1x


Total Market Cap: S$35.9bTotal 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 7.2x.
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 Trends

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

SG Market0.56%
Real Estate0.17%
Retail REITs-0.55%
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
P40U Starhill Global Real Estate Investment TrustS$0.571.8%
+S$23.2m		17.3%PB0.8x
J69U Frasers Centrepoint TrustS$2.260.4%
+S$20.4m		7.1%PB1x
D5IU Lippo Malls Indonesia Retail TrustS$0.00814.3%
+S$16.7m		-52.9%PB0.2x
BMGU BHG Retail REITS$0.443.5%
+S$7.8m		n/aPB0.7x

Latest News

CRPU
S$0.68
Sasseur Real Estate Investment Trust
7D
-0.7%
1Y
0%
JYEU
S$0.63
Lendlease Global Commercial REIT
7D
-1.6%
1Y
23.8%
BMGU
S$0.44
BHG Retail REIT
7D
3.5%
1Y
n/a
P40U
S$0.57
Starhill Global Real Estate Investment Trust
7D
1.8%
1Y
17.3%
AU8U
S$0.71
CapitaLand China Trust
7D
-6.5%
1Y
4.4%
J69U
S$2.26
Frasers Centrepoint Trust
7D
0.4%
1Y
7.1%

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

Analysts have trimmed their price target for Frasers Centrepoint Trust slightly, from $2.60 to about $2.60, citing updated assumptions for revenue growth, discount rate and profit margins while keeping the implied forward P/E broadly unchanged. Valuation Changes Fair Value Estimate was adjusted marginally from SGD 2.60 to about SGD 2.60 per unit, indicating only a very small refinement in the model outcome.
ODBU
US$0.54
United Hampshire US Real Estate Investment Trust
7D
-0.9%
1Y
12.5%
D5IU
S$0.008
Lippo Malls Indonesia Retail Trust
7D
14.3%
1Y
-52.9%