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U.K. (FTSE) Real Estate Sector Analysis

UpdatedJan 02, 2026
DataAggregated Company Financials
Companies65
  • 7D1.8%
  • 3M1.8%
  • 1Y2.5%
  • YTDn/a

The Real Estate industry is up 1.8% in the last week, with SEGRO up 2.1%. The industry has been flat over the past 12 months despite the gain this week. Looking forward, earnings are forecast to grow by 12% annually.

Sector Valuation and Performance

Has the U.K. Real Estate Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 03 Jan 2026UK£58.5bUK£10.8bUK£4.3b12.8x13.6x5.4x
Mon, 01 Dec 2025UK£58.3bUK£10.8bUK£4.3b13.2x13.5x5.4x
Wed, 29 Oct 2025UK£58.5bUK£10.8bUK£4.4b12x13.3x5.4x
Fri, 26 Sep 2025UK£55.8bUK£10.8bUK£4.4b11.5x12.6x5.1x
Sun, 24 Aug 2025UK£57.8bUK£10.9bUK£4.5b11.2x12.8x5.3x
Tue, 22 Jul 2025UK£61.4bUK£13.4bUK£4.1b13.1x14.8x4.6x
Thu, 19 Jun 2025UK£64.3bUK£13.5bUK£4.1b14x15.5x4.8x
Sat, 17 May 2025UK£62.2bUK£13.4bUK£3.5b17.9x17.6x4.6x
Mon, 14 Apr 2025UK£56.7bUK£13.4bUK£3.2b17.5x17.9x4.2x
Wed, 12 Mar 2025UK£58.5bUK£13.3bUK£3.0b17x19.3x4.4x
Fri, 07 Feb 2025UK£60.7bUK£13.5bUK£808.0m21.7x75.1x4.5x
Sun, 05 Jan 2025UK£59.0bUK£13.5bUK£798.1m21.2x74x4.4x
Tue, 03 Dec 2024UK£62.1bUK£13.5bUK£766.8m19.4x81x4.6x
Thu, 31 Oct 2024UK£65.9bUK£13.5b-UK£655,575,080.8116.7x-100.6x4.9x
Sat, 28 Sep 2024UK£69.9bUK£13.4b-UK£681,875,032.5117.2x-102.5x5.2x
Mon, 26 Aug 2024UK£68.7bUK£13.5b-UK£583,760,927.3816.9x-117.6x5.1x
Wed, 24 Jul 2024UK£66.9bUK£13.5b-UK£556,421,444.5017.6x-120.3x5x
Fri, 21 Jun 2024UK£66.1bUK£13.5b-UK£841,311,062.9515.1x-78.6x4.9x
Sun, 19 May 2024UK£67.6bUK£13.4b-UK£2,785,629,454.1415.8x-24.3x5x
Tue, 16 Apr 2024UK£61.8bUK£13.6b-UK£3,692,623,362.4314.4x-16.7x4.5x
Thu, 14 Mar 2024UK£62.0bUK£13.7b-UK£3,855,250,274.6115.9x-16.1x4.5x
Sat, 10 Feb 2024UK£62.0bUK£13.5b-UK£8,862,907,176.9115.2x-7x4.6x
Mon, 08 Jan 2024UK£69.3bUK£14.9b-UK£8,441,794,387.0014.1x-8.2x4.7x
Wed, 06 Dec 2023UK£66.4bUK£14.9b-UK£8,444,897,334.0013.3x-7.9x4.5x
Fri, 03 Nov 2023UK£62.8bUK£14.7b-UK£8,175,962,178.0012.2x-7.7x4.3x
Sun, 01 Oct 2023UK£61.3bUK£14.7b-UK£7,952,075,629.0013.4x-7.7x4.2x
Tue, 29 Aug 2023UK£62.2bUK£14.9b-UK£6,847,519,700.0011.2x-9.1x4.2x
Thu, 27 Jul 2023UK£68.1bUK£14.9b-UK£5,176,312,252.0011.8x-13.2x4.6x
Sat, 24 Jun 2023UK£62.4bUK£15.0b-UK£4,657,241,821.009.7x-13.4x4.2x
Mon, 22 May 2023UK£69.0bUK£14.9b-UK£1,372,346,329.009.5x-50.3x4.6x
Wed, 19 Apr 2023UK£69.9bUK£14.8bUK£1.8b8.2x38.5x4.7x
Fri, 17 Mar 2023UK£68.5bUK£14.8bUK£2.7b7.5x25.3x4.6x
Sun, 12 Feb 2023UK£69.7bUK£14.4bUK£12.0b7.5x5.8x4.9x
Tue, 10 Jan 2023UK£66.9bUK£14.4bUK£12.0b7.2x5.6x4.6x
Price to Earnings Ratio

5.6x


Total Market Cap: UK£66.9bTotal Earnings: UK£12.0bTotal Revenue: UK£14.4bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Real Estate Sector Price to Earnings3Y Average -5.1x202420252026
Current Industry PE
  • Investors are pessimistic on the British Real Estate 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 13.6x which is higher than its 3-year average PE of -5.1x.
  • The 3-year average PS ratio of 4.7x is lower than the industry's current PS ratio of 5.4x.
Past Earnings Growth
  • The earnings for companies in the Real Estate industry have declined 29% per year over the last three years,
  • Revenues have also declined 9.0% 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 U.K. Real Estate sector?

GB Market0.74%
Real Estate1.76%
Retail REITs2.38%
Specialized REITs2.21%
REITS2.11%
Industrial REITs1.95%
Residential REITs1.59%
Office REITs1.46%
Health Care REITs0.91%
Real Estate0.88%
Industry PE
  • Investors are most optimistic about the Health Care REITs industry which is trading above its 3-year average PE ratio of 9.6x.
    • Analysts are expecting annual earnings growth of 19.5%, which is higher than its past year's earnings decline of 16.7% per year.
  • Investors are most pessimistic about the Specialized REITs industry, which is trading close to its 3-year average of 7.9x.
Forecasted Growth
  • Analysts are most optimistic on the Office REITs industry, expecting annual earnings growth of 22% over the next 5 years.
  • In contrast, the Specialized REITs industry is expected to see its earnings grow by 2.9% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
SGRO SEGROUK£7.131.0%
+UK£94.7m		2.5%PB0.8x
LAND Land Securities GroupUK£6.202.0%
+UK£89.3m		6.9%PB0.7x
BLND British LandUK£3.971.3%
+UK£52.0m		9.7%PB0.7x
LMP LondonMetric PropertyUK£1.891.1%
+UK£49.0m		5.4%PB0.9x
DLN Derwent LondonUK£17.352.3%
+UK£43.8m		-12.1%PB0.5x

Latest News

BYG
UK£10.12
Big Yellow Group
7D
-1.2%
1Y
7.4%
IWG
UK£2.26
International Workplace Group
7D
-0.9%
1Y
41.2%

IWG: Hybrid Workspace Demand Will Drive Margins Higher And Unlock Further Upside

Narrative Update on International Workplace Group Analysts have nudged their price target for International Workplace Group slightly higher to approximately 2.79 dollars per share from about 2.74 dollars. This reflects modestly stronger revenue growth expectations and a slightly higher assumed future earnings multiple, while the discount rate and profit margin outlook remain nearly unchanged.
HMSO
UK£3.27
Hammerson
7D
1.7%
1Y
17.5%
LMP
UK£1.89
LondonMetric Property
7D
1.1%
1Y
5.4%
BLND
UK£3.97
British Land
7D
1.3%
1Y
9.7%
PRSR
UK£1.13
PRS REIT
7D
-1.1%
1Y
2.9%
DLN
UK£17.35
Derwent London
7D
2.3%
1Y
-12.1%
PHP
UK£0.98
Primary Health Properties
7D
0.9%
1Y
5.9%

PHP: Assura Synergies Will Drive Earnings Accretion And Lower Funding Costs

Analysts have nudged their price target for Primary Health Properties up to £1.10 per share, reflecting expectations that the Assura acquisition will enhance earnings through scale-driven synergies and a lower cost of capital. Analyst Commentary Analysts’ reactions to the Assura acquisition have been broadly positive, with focus on the enlarged platform’s earnings profile, financing benefits, and integration execution risks.
HLCL
UK£1.87
Helical
7D
-2.9%
1Y
5.9%
LAND
UK£6.20
Land Securities Group
7D
2.0%
1Y
6.9%
GWI
€1.99
Globalworth Real Estate Investments
7D
-2.5%
1Y
-24.3%
SHC
UK£1.43
Shaftesbury Capital
7D
-0.7%
1Y
14.4%
LSL
UK£2.56
LSL Property Services
7D
-2.3%
1Y
-9.9%
SVS
UK£9.83
Savills
7D
-1.2%
1Y
-3.2%
BBOX
UK£1.51
Tritax Big Box REIT
7D
0.9%
1Y
13.3%
SGRO
UK£7.13
SEGRO
7D
1.0%
1Y
2.5%