Can I check is it that PE ratio is not as important or critical for REIT stock?

We do not look at P/E ratio for REITS.

To evaluate the performance of REITs, Distribution Per Unit (DPU) is a better guage.

Besides that some other key metrics are :

-Gearing Ratio

-Occupancy Rate

-Funds From Operations

-Company news on recent developments

-Net Property Income Yield of it's acquisition

-Strength of sponsor

If you are a busy professional without much spare time to actively manage your portfolio or keep abreast current affairs, you can try investing in Robo-Advisors or ETFs.

I am fond of Syfe due to it's automated risk-managed investment strategy (ARI) to allocate between bonds and reits.

You can check out the in-depth anaylsis on Syfe here

https://www.youtube.com/watch?v=afJyEwFoFfk&t=1...

P/E ratio for any stock has little value. Warren Bufett, Charlie Munger, Peter Lynch and many professional investors have mentioned this time and time again.

The problem with P/E ratio is that it only looks at price today and earnings today. This is useful if you want to liquidate the business today and realised the P/E is low. However, most businesses you and I invest in are for the long term and P/E does not account for the future. Future earnings/cashflows, growth rates and discount rates are not factored in, this makes P/E ratio very flawed as a metric.

In the past when many people were not investing, it was good for a quick screen to pick undervalued stocks. However, for a long time this has not been the case. Just look at historical values and correlate with stocks, it has little to no use.