Loading…
← CockpitCompetitor Analysis › BMGU.SI BHG Retail REITOpen in the cockpit ↗

BHG Retail REITBMGU.SICompetitor analysis, valuation and peers

Singapore · SGD·Real Estate›Real Estate Investment Trusts
Momentum neutral 47
Mkt cap
$165M
US dollars, full cap
Free float
20%
of shares outstanding
$/day
$317,333
20-day average traded
P/B
0.56×
price to book
ROE
-0.6%
delivered
Implied ROE
2.6%
what the price asks
Next earnings
112 days
26 Feb 2027
Close · SGDS$0.41
1Dn/a
1W-10.0%
1M-10.0%
3M-10.0%
6M-8.0%
YTD-6.9%
1Y-18.2%
ATR %8.0%
52w lowhigh19.8% off high

What BHG Retail REIT does

No business profile yet.

BHG Retail REIT at a glance

Size BHG Retail REIT (BMGU.SI) is a Singapore Real Estate company (Real Estate Investment Trusts) with a market value of $165M, the 177th largest of 186 Singapore companies the cockpit tracks. Shares closed at S$0.41 on 6 Nov 2026.

Performance Over six months the shares fell 8.0%, against -13.5% for the median peer and -1.2% for the Singapore market (cap-weighted) — 8th highest of 21 in its peer set.

Growth Revenue fell 10.0% over the last twelve months (peer median +1.6%); the operating margin is 48.4% (peer median 63.6%).

Valuation It trades at 0.56× book value against a peer median of 0.71× (5th cheapest of 21).

Price implies The share price implies a return on equity of about 2.6%; BHG Retail REIT delivers -0.6%, so the price asks more than the business earns today.

Next results Next results expected around 26 Feb 2027 (exchange calendar; dates can move).

Relative performance

608010011 May 202611 Aug 20266 Nov 2026BMGU.SI 95Peer median 88
Six months, rebased to 100: BHG Retail REIT against the median of its 20 peers (local-currency closes).

BHG Retail REIT financials

Reported figures in SGD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueS$54.2MS$55.0MS$62.2MS$61.6MS$65.4M
Revenue growth—-12%+1%-6%—
Gross profitS$28.0MS$47.0MS$53.5MS$53.3MS$56.0M
EBITDAS$26.3MS$27.3MS$32.9MS$33.7MS$34.3M
Net income-S$2.05M-S$1.82M-S$2.28M-S$3.79MS$6.10M
Free cash flowS$3.08MS$764,000S$5.33MS$8.86MS$13.9M
Capital expenditureS$31,000S$8,000S$40,000S$9.96MS$12,000
Total debtn/aS$301MS$300MS$299MS$292M

Quarterly statements and history in the cockpit →

BHG Retail REIT competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-30%-20%-10%0%+10%-10%0%OXMUCMOUDHLUMENUODBUAW9U448730CDPLANDYSIL180101KREF2191IMDAMRT-UN180701ARMSELERFPIHABABMGU.SI6-month return →1-month return →
Up and to the right = strong over both horizons. BHG Retail REIT is the large dot.

Fundamentals: return on equity against price-to-book

-20%-10%0%10%0.25×0.50×0.75×10×OXMUCMOUDHLUMENUODBUAW9U448730CDPLANDYSIL180101KREF2191IMDAMRT-UN180701ARMHABABMGU.SIReturn on equity →Price / book →
A bank or insurer earning more on its equity usually trades at a higher multiple of book; points far above the trend are priced for more. BHG Retail REIT is the large dot.

Capital: ROE delivered against the ROE the price implies

-20%-10%0%10%20%-20%0%20%OXMUCMOUDHLUMENUODBUCDPLAND180101KREFIMDABMGU.SIROE delivered →ROE the price implies →
Above the diagonal = the price asks for a higher return on equity than the business earns today. BHG Retail REIT is the large dot.

BHG Retail REIT competitors and peer comparison

How BHG Retail REIT compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

BHG Retail REIT against its 20 peers (data as of 6 Nov 2026)
MeasureBMGU.SIPeer medianRank in peer set
1-month return-10.0%-2.7%5th lowest of 21
6-month return-8.0%-13.5%8th highest of 21
Return on equity-0.6%3.6%6th lowest of 21
Price / book0.56×0.71×5th cheapest of 21
ROE the price implies2.6%5.0%least demanding of 21
ROE delivered-0.6%3.3%6th lowest of 20

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthROEPrice / bookImplied ROEDelivered ROE
BHG Retail REIT BMGU.SISingapore$165M-8%-10%-1%0.56×2.6%-0.6%
Prime US REIT OXMU.SISingapore$156M-38%-2%2%0.21×4.5%2.2%
Kore US REIT CMOU.SISingapore$153M-25%+4%1%0.21×3.8%0.6%
Daiwa House Logistics Trust DHLU.SISingapore$236M-12%+1%7%0.64×4.8%7.1%
Elite UK REIT MENU.SISingapore$258M-13%-8%22%0.69×2.9%22.2%
United Hampshire US Real Estate Investment Trust ODBU.SISingapore$284M-9%+3%6%0.64×4.6%5.6%
First Real Estate Investment Trust AW9U.SISingapore$291M-27%-5%4%0.76×4.0%3.8%
SamsungFN REIT 448730.KSSouth Korea$301M-28%+16%3%1.03×5.5%3.3%
Carindale Property Trust CDP.AXAustralia$302M-2%+5%10%0.73×5.6%10.2%
Gladstone Land LANDUnited States$303M-28%+22%-1%0.45×6.5%-1.0%
Silicius Real Estate Socimi YSIL.MCSpain$303M-5%+84%5%0.87×5.3%n/a
Bosera CMSK Industrial Park REIT Units 180101.SZChina$305M-21%-15%-1%0.68×2.7%-0.7%
KKR Real Estate Finance Trust KREFUnited States$327M-14%-21%-19%0.56×6.7%-18.8%
SF Real Estate Investment Trust 2191.HKHong Kong$333M+22%-7%4%0.82×5.1%4.0%
Immobiliere Dassault IMDA.PAFrance$335M-21%+14%-20%0.60×5.0%-19.9%
Morguard Real Estate Investment Trust MRT-UN.TOCanada$340M+8%-1%2%0.54×4.2%1.6%
Yinhua Shaoxing Yuanshui Water Conservancy REIT 180701.SZChina$348M-8%+290%4%1.43×4.3%3.8%
Arima Real Estate SOCIMI ARM.MCSpain$356M-6%+210%8%0.91×5.4%7.7%
Selectirente SELER.PAFrance$367M-7%+2%5%0.88×6.0%5.0%
Farmland Partners FPIUnited States$369M-17%-6%2%0.87×8.1%2.2%
Hamborner REIT HABA.DEGermany$370M-19%-4%-2%0.97×6.3%-2.2%

Questions

Which companies are BHG Retail REIT's closest peers?
The cockpit's peer set: Prime US REIT (OXMU.SI), Kore US REIT (CMOU.SI), Daiwa House Logistics Trust (DHLU.SI), Elite UK REIT (MENU.SI), United Hampshire US Real Estate Investment Trust (ODBU.SI), First Real Estate Investment Trust (AW9U.SI), SamsungFN REIT (448730.KS), Carindale Property Trust (CDP.AX).
Is BHG Retail REIT expensive compared with its peers?
On price / book it trades at 0.56× against a peer median of 0.71×, 5th cheapest of 21 in its peer set. The share price implies a return on equity of about 2.6%; BHG Retail REIT delivers -0.6%, so the price asks more than the business earns today.
How has BHG Retail REIT stock performed?
Over six months to 6 Nov 2026 the shares returned -8.0% against -13.5% for the median peer; over one year -18.2%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.