U.K. (FTSE) REITS Industry Analysis
UpdatedMay 10, 2024
DataAggregated Company Financials
Companies15
- 7D3.4%
- 3M9.3%
- 1Y7.3%
- YTD2.3%
The REITS industry is up 3.4% in the last week, with British Land up 5.5%. Meanwhile, Highcroft Investments actually underperformed within the industry, shrinking 9.6% in the last week. This means that the industry has gained 7.3% over the past year. Looking forward, earnings are forecast to grow by 67% annually.
Industry Valuation and Performance
Has the U.K. REITS Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 10 May 2024 | UK£15.6b | UK£2.0b | -UK£2,091,978,729.50 | 20.4x | -7.5x | 7.8x |
| Sun, 07 Apr 2024 | UK£14.8b | UK£2.0b | -UK£2,717,798,544.54 | 14.6x | -5.4x | 7.4x |
| Tue, 05 Mar 2024 | UK£12.1b | UK£2.1b | -UK£2,878,465,357.59 | 19.6x | -4.2x | 5.7x |
| Thu, 01 Feb 2024 | UK£16.3b | UK£2.4b | -UK£2,672,141,537.00 | 11.4x | -6.1x | 6.8x |
| Sat, 30 Dec 2023 | UK£16.6b | UK£2.4b | -UK£2,633,221,885.00 | 11.3x | -6.3x | 7x |
| Mon, 27 Nov 2023 | UK£15.8b | UK£2.3b | -UK£2,608,727,537.00 | 11.5x | -6.1x | 6.7x |
| Wed, 25 Oct 2023 | UK£14.6b | UK£2.2b | -UK£2,598,552,524.00 | 11.8x | -5.6x | 6.7x |
| Fri, 22 Sep 2023 | UK£15.4b | UK£2.2b | -UK£1,856,924,739.00 | 7.5x | -8.3x | 7.1x |
| Sun, 20 Aug 2023 | UK£14.9b | UK£2.2b | -UK£1,753,909,960.00 | 7.5x | -8.5x | 6.8x |
| Tue, 18 Jul 2023 | UK£17.7b | UK£2.3b | -UK£1,976,567,960.00 | 6.1x | -9x | 7.8x |
| Thu, 15 Jun 2023 | UK£18.2b | UK£2.3b | -UK£1,806,169,373.00 | 6.6x | -10.1x | 8x |
| Sat, 13 May 2023 | UK£18.7b | UK£2.2b | UK£1.5b | 6.2x | 12.6x | 8.6x |
| Mon, 10 Apr 2023 | UK£19.1b | UK£2.2b | UK£1.9b | 6.4x | 10x | 8.8x |
| Wed, 08 Mar 2023 | UK£61.1b | UK£6.3b | UK£2.2b | 7.1x | 27.5x | 9.7x |
| Fri, 03 Feb 2023 | UK£63.0b | UK£6.1b | UK£11.1b | 6.8x | 5.7x | 10.3x |
| Sun, 01 Jan 2023 | UK£55.1b | UK£6.0b | UK£11.0b | 6.6x | 5x | 9.2x |
| Tue, 29 Nov 2022 | UK£56.6b | UK£6.0b | UK£11.3b | 6.8x | 5x | 9.5x |
| Thu, 27 Oct 2022 | UK£54.8b | UK£5.7b | UK£13.5b | 4.8x | 4.1x | 9.6x |
| Sat, 24 Sep 2022 | UK£55.0b | UK£5.5b | UK£13.3b | 6x | 4.1x | 10x |
| Mon, 22 Aug 2022 | UK£68.5b | UK£5.7b | UK£13.2b | 6.5x | 5.2x | 12.1x |
| Wed, 20 Jul 2022 | UK£67.7b | UK£5.5b | UK£12.2b | 7.3x | 5.5x | 12.3x |
| Fri, 17 Jun 2022 | UK£67.0b | UK£5.5b | UK£11.9b | 7.8x | 5.6x | 12.2x |
| Sun, 15 May 2022 | UK£70.5b | UK£5.3b | UK£8.1b | 9.5x | 8.7x | 13.2x |
| Tue, 12 Apr 2022 | UK£78.3b | UK£5.4b | UK£7.8b | 10.5x | 10x | 14.6x |
| Thu, 10 Mar 2022 | UK£73.8b | UK£5.4b | UK£7.7b | 12.6x | 9.6x | 13.8x |
| Sat, 05 Feb 2022 | UK£76.2b | UK£5.2b | UK£4.3b | 12.6x | 17.8x | 14.6x |
| Mon, 03 Jan 2022 | UK£79.9b | UK£5.2b | UK£4.1b | 13.3x | 19.3x | 15.4x |
| Wed, 01 Dec 2021 | UK£76.6b | UK£5.2b | UK£3.5b | 12.7x | 22.1x | 14.8x |
| Fri, 29 Oct 2021 | UK£74.6b | UK£5.2b | UK£145.6m | 13.4x | 512.6x | 14.4x |
| Sun, 26 Sep 2021 | UK£73.4b | UK£5.2b | -UK£291,464,696.00 | 15.3x | -251.9x | 14.1x |
| Tue, 24 Aug 2021 | UK£75.3b | UK£5.2b | -UK£408,408,152.56 | 16x | -184.3x | 14.5x |
| Wed, 30 Jun 2021 | UK£68.3b | UK£5.2b | -UK£408,408,152.56 | 15.2x | -167.2x | 13.1x |
Price to Earnings Ratio
-34.2x
Current Industry PE
- Investors are pessimistic on the British REITs industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The 3-year average PS ratio of 11.1x is higher than the industry's current PS ratio of 7.8x.
Past Earnings Growth
- Losses for companies in the REITs industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have declined 27% per year.
- This means that the cost of doing business could be reducing since sales have declined but losses haven't fallen much further.
Industry Trends
Which industries have driven the changes within the U.K. Real Estate industry?
| GB Market | 2.26% | |
| Real Estate | 2.84% | |
| REITS | 3.37% | |
| Office REITs | 4.59% | |
| Diversified REITs | 3.37% | |
| Healthcare REITs | 2.70% | |
| Retail REITs | 2.48% | |
| Residential REITs | 2.37% | |
| Industrial REITs | 2.29% | |
| Specialized REITs | 0% | |
| Hotel and Resort REITs | 0% | |
Industry PE
- Investors are most optimistic about the Residential REITs industry which is trading above its 3-year average PE ratio of 23.3x.
- Analysts are expecting annual earnings growth of 21.8%, which is higher than its past year's earnings decline of 21.1% per year.
Forecasted Growth
- Analysts are most optimistic on the Office REITs industry, expecting annual earnings growth of 88% over the next 5 years.
- In contrast, the Residential REITs industry is expected to see its earnings grow by 22% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| BLND British Land | UK£4.15 | 2.9% +UK£107.6m | 11.9% | PB0.7x | |
| LAND Land Securities Group | UK£6.81 | 2.1% +UK£93.9m | 10.8% | PB0.7x | |
| LMP LondonMetric Property | UK£2.04 | 0.6% +UK£24.5m | 9.3% | PB1.9x | |
| UKCM UK Commercial Property REIT | UK£0.71 | 1.6% +UK£14.3m | 35.4% | PB0.9x | |
| SREI Schroder Real Estate Investment Trust | UK£0.46 | 1.8% +UK£3.9m | 3.9% | PB0.8x |