South African (JSE) Retail REITs Industry Analysis
UpdatedMay 04, 2024
DataAggregated Company Financials
Companies8
- 7D2.9%
- 3M-3.6%
- 1Y5.3%
- YTDn/a
Over the last 7 days, the Retail REITs industry has risen 2.9%, driven by gains from Resilient REIT of 6.4%. This takes the industry's 12 month performance to a gain of 5.3%.
Industry Valuation and Performance
Has the South African Retail REITs Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 04 May 2024 | R59.7b | R19.7b | R9.4b | 4.7x | 6.4x | 3x |
| Mon, 01 Apr 2024 | R60.4b | R19.7b | R9.4b | 4.7x | 6.4x | 3.1x |
| Wed, 28 Feb 2024 | R60.7b | R17.3b | R9.2b | 5.6x | 6.6x | 3.5x |
| Fri, 26 Jan 2024 | R68.6b | R19.7b | R10.0b | 6.5x | 6.9x | 3.5x |
| Sun, 24 Dec 2023 | R66.9b | R19.7b | R10.0b | 6x | 6.7x | 3.4x |
| Tue, 21 Nov 2023 | R62.6b | R19.5b | R10.1b | 5.8x | 6.2x | 3.2x |
| Thu, 19 Oct 2023 | R62.1b | R19.4b | R10.5b | 4.7x | 5.9x | 3.2x |
| Sat, 16 Sep 2023 | R66.1b | R19.6b | R11.2b | 4.7x | 5.9x | 3.4x |
| Mon, 14 Aug 2023 | R66.2b | R19.6b | R11.2b | 4.7x | 5.9x | 3.4x |
| Wed, 12 Jul 2023 | R62.7b | R19.5b | R11.9b | 4.6x | 5.3x | 3.2x |
| Fri, 09 Jun 2023 | R61.8b | R18.9b | R12.2b | 4.9x | 5.1x | 3.3x |
| Sun, 07 May 2023 | R64.6b | R17.8b | R10.5b | 5.5x | 6.1x | 3.6x |
| Tue, 04 Apr 2023 | R58.2b | R17.0b | R10.5b | 5.1x | 5.5x | 3.4x |
| Thu, 02 Mar 2023 | R61.2b | R16.3b | R10.6b | 5x | 5.8x | 3.8x |
| Sat, 28 Jan 2023 | R61.2b | R16.3b | R10.6b | 5.1x | 5.8x | 3.8x |
| Mon, 26 Dec 2022 | R61.0b | R16.3b | R10.6b | 5.2x | 5.8x | 3.8x |
| Wed, 23 Nov 2022 | R62.9b | R16.2b | R10.1b | 8.3x | 6.2x | 3.9x |
| Fri, 21 Oct 2022 | R61.8b | R16.7b | R9.1b | 8.3x | 6.8x | 3.7x |
| Sun, 18 Sep 2022 | R62.4b | R16.4b | R7.9b | 9x | 7.9x | 3.8x |
| Tue, 16 Aug 2022 | R64.6b | R15.1b | R7.4b | 9.4x | 8.7x | 4.3x |
| Thu, 14 Jul 2022 | R61.1b | R15.1b | R7.4b | 8.9x | 8.2x | 4.1x |
| Sat, 11 Jun 2022 | R58.5b | R10.2b | R6.4b | 8.8x | 9.1x | 5.7x |
| Mon, 09 May 2022 | R54.4b | R12.3b | R5.1b | 9.4x | 10.6x | 4.4x |
| Wed, 06 Apr 2022 | R56.9b | R12.3b | R5.1b | 9.4x | 11.1x | 4.6x |
| Fri, 04 Mar 2022 | R64.2b | R11.3b | R1.8b | 12.7x | 34.9x | 5.7x |
| Sun, 30 Jan 2022 | R57.3b | R10.7b | R1.6b | 9.4x | 36.9x | 5.3x |
| Tue, 28 Dec 2021 | R57.5b | R10.7b | R1.6b | 9.4x | 37.1x | 5.4x |
| Thu, 25 Nov 2021 | R55.3b | R10.3b | R474.9m | 16x | 116.5x | 5.4x |
| Sat, 23 Oct 2021 | R53.2b | R10.1b | R278.0m | 17x | 191.4x | 5.2x |
| Mon, 20 Sep 2021 | R51.7b | R10.1b | R278.0m | 16.6x | 185.8x | 5.1x |
| Wed, 18 Aug 2021 | R50.2b | R10.2b | -R2,281,703,833.00 | 15.9x | -22x | 4.9x |
| Wed, 02 Jun 2021 | R46.5b | R10.3b | -R5,653,506,333.00 | 13.1x | -8.2x | 4.5x |
Price to Earnings Ratio
-8.2x
Current Industry PE
- Investors are pessimistic on the South African Retail REITs industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 6.4x which is lower than its 3-year average PE of 20.9x.
- The 3-year average PS ratio of 4.1x is higher than the industry's current PS ratio of 3.0x.
Past Earnings Growth
- Total earnings for the Retail REITs industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 24% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Comparison
How does South African Retail REITs compare with similar industries?
| ZA Market | 1.90% | |
| Real Estate | 1.32% | |
| REITS | 2.59% | |
| Retail REITs | 2.90% | |
| Hotel and Resort REITs | 20.00% | |
| Diversified REITs | 2.59% | |
| Industrial REITs | 1.35% | |
| Residential REITs | 0% | |
| Specialized REITs | 0% | |
| Healthcare REITs | 0% | |
| Office REITs | -5.61% | |
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 | |
|---|---|---|---|---|---|
| RES Resilient REIT | R45.60 | 6.4% +R912.7m | 1.9% | PB0.7x | |
| VKE Vukile Property Fund | R15.11 | 2.4% +R362.7m | 21.9% | PB0.7x | |
| HYP Hyprop Investments | R28.80 | 2.1% +R227.7m | -7.1% | PB0.5x | |
| DIB Dipula Income Fund | R3.90 | 4.8% +R164.1m | -2.5% | PB0.6x | |
| APF Accelerate Property Fund | R0.62 | 10.7% +R77.8m | -32.6% | PB0.2x |