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U.K. (FTSE) Real Estate Sector Analysis

UpdatedMar 17, 2024
DataAggregated Company Financials
Companies74
  • 7D-1.9%
  • 3M-5.9%
  • 1Y0.6%
  • YTD-7.0%

Over the last 7 days, the Real Estate industry has dropped 1.9%, driven by SEGRO declining 4.8%. Meanwhile, Hammerson actually outperformed within the industry, gaining 5.6% in the last week. Over the last year, the industry has been flat overall. Looking forward, earnings are forecast to grow by 60% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 17 Mar 2024UK£61.3bUK£13.7b-UK£3,870,338,916.8319.8x-15.8x4.5x
Tue, 13 Feb 2024UK£62.6bUK£13.5b-UK£8,862,806,448.2315.2x-7.1x4.6x
Thu, 11 Jan 2024UK£69.4bUK£14.9b-UK£8,441,878,621.0014.3x-8.2x4.7x
Sat, 09 Dec 2023UK£66.4bUK£14.9b-UK£8,435,589,102.0013.5x-7.9x4.5x
Mon, 06 Nov 2023UK£64.3bUK£14.7b-UK£8,203,756,161.0013x-7.8x4.4x
Wed, 04 Oct 2023UK£60.6bUK£14.7b-UK£7,959,653,754.0012.6x-7.6x4.1x
Fri, 01 Sep 2023UK£63.5bUK£14.9b-UK£6,906,150,553.0011.2x-9.2x4.3x
Sun, 30 Jul 2023UK£67.0bUK£14.8b-UK£6,652,491,755.0011.4x-10.1x4.5x
Tue, 27 Jun 2023UK£62.6bUK£15.0b-UK£4,657,207,397.009.8x-13.4x4.2x
Thu, 25 May 2023UK£68.5bUK£14.8b-UK£2,164,297,527.009.3x-31.7x4.6x
Sat, 22 Apr 2023UK£70.0bUK£14.9bUK£1.5b8.1x47.5x4.7x
Mon, 20 Mar 2023UK£28.4bUK£10.7bUK£2.9b7x9.6x2.6x
Wed, 15 Feb 2023UK£69.8bUK£14.3bUK£12.0b7.6x5.8x4.9x
Fri, 13 Jan 2023UK£69.4bUK£14.5bUK£12.0b7.3x5.8x4.8x
Sun, 11 Dec 2022UK£65.4bUK£14.6bUK£12.1b7.3x5.4x4.5x
Tue, 08 Nov 2022UK£65.4bUK£14.3bUK£14.5b6.4x4.5x4.6x
Thu, 06 Oct 2022UK£60.8bUK£14.3bUK£14.4b6.1x4.2x4.3x
Sat, 03 Sep 2022UK£74.4bUK£14.4bUK£14.1b7.6x5.3x5.2x
Mon, 01 Aug 2022UK£83.6bUK£14.0bUK£13.7b8.6x6.1x6x
Wed, 29 Jun 2022UK£81.6bUK£13.8bUK£12.9b8.5x6.3x5.9x
Fri, 27 May 2022UK£84.0bUK£13.8bUK£11.9b9.8x7x6.1x
Sun, 24 Apr 2022UK£90.8bUK£13.2bUK£8.7b10.4x10.4x6.9x
Tue, 22 Mar 2022UK£90.1bUK£13.0bUK£8.4b11.5x10.7x7x
Thu, 17 Feb 2022UK£91.2bUK£12.8bUK£4.5b12.5x20.4x7.1x
Sat, 15 Jan 2022UK£93.4bUK£12.7bUK£4.5b13.1x21x7.3x
Mon, 13 Dec 2021UK£93.5bUK£12.8bUK£4.3b12.9x21.8x7.3x
Wed, 10 Nov 2021UK£91.5bUK£12.7bUK£219.4m13.1x417x7.2x
Fri, 08 Oct 2021UK£86.5bUK£12.7bUK£29.7m14x2910.5x6.8x
Sun, 05 Sep 2021UK£89.1bUK£10.3bUK£97.0m16.6x918.4x8.7x
Tue, 03 Aug 2021UK£85.1bUK£10.3bUK£97.0m16.8x877.4x8.3x
Fri, 07 May 2021UK£78.7bUK£10.2b-UK£1,575,574,561.0515.7x-50x7.8x
Price to Earnings Ratio

-46x


Total Market Cap: UK£74.1bTotal Earnings: -UK£1,612,774,561.05Total Revenue: UK£10.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Real Estate Sector Price to Earnings3Y Average 93.5x202220232024
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 3-year average PS ratio of 6.0x is higher than the industry's current PS ratio of 4.5x.
Past Earnings Growth
  • The earnings for companies in the Real Estate industry have deteriorated over the last three years.
  • Meanwhile revenues for these companies have grown 10% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has caused losses to expand.

Industry Trends

Which industries have driven the changes within the U.K. Real Estate sector?

GB Market0.70%
Real Estate-1.94%
Hotel and Resort REITs0%
Retail REITs-0.053%
Real Estate-0.42%
Health Care REITs-1.65%
REITS-1.66%
Residential REITs-1.66%
Office REITs-1.80%
Specialized REITs-2.65%
Industrial REITs-3.89%
Industry PE
  • Investors are most optimistic about the Residential REITs industry which is trading above its 3-year average PE ratio of 18.3x.
    • Analysts are expecting annual earnings growth of 30.8%, which is higher than its past year's earnings decline of 42.2% per year.
Forecasted Growth
  • Analysts are most optimistic on the REITS industry, expecting annual earnings growth of 94% over the next 5 years.
  • This is better than its past earnings decline of 86% per year.
  • In contrast, the Specialized REITs industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
HMSO HammersonUK£0.275.6%
+UK£70.1m
15.1%PB0.5x
HWG Harworth GroupUK£1.365.0%
+UK£21.0m
18.9%PS3.6x
SVS SavillsUK£9.871.3%
+UK£17.0m
4.3%PE32.8x
LSL LSL Property ServicesUK£2.636.0%
+UK£15.4m
3.1%PS1x
SRE Sirius Real EstateUK£0.910.8%
+UK£10.1m
21.3%PE34.7x
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Latest News

SVS

UK£9.87

Savills

7D

1.3%

1Y

4.3%

ESP

UK£0.95

Empiric Student Property

7D

1.4%

1Y

7.3%

SUPR

UK£0.75

Supermarket Income REIT

7D

-4.3%

1Y

-13.7%

SAFE

UK£7.40

Safestore Holdings

7D

-4.3%

1Y

-21.7%

HMSO

UK£0.27

Hammerson

7D

5.6%

1Y

15.1%

BLND

UK£3.68

British Land

7D

0.1%

1Y

-5.9%

LSL

UK£2.63

LSL Property Services

7D

6.0%

1Y

3.1%

BBOX

UK£1.48

Tritax Big Box REIT

7D

-1.0%

1Y

9.4%

LMP

UK£1.91

LondonMetric Property

7D

-1.9%

1Y

11.3%

UTG

UK£9.45

Unite Group

7D

-2.0%

1Y

3.1%

SGRO

UK£8.48

SEGRO

7D

-4.8%

1Y

15.0%

DLN

UK£20.68

Derwent London

7D

-1.5%

1Y

-11.5%

LAND

UK£6.17

Land Securities Group

7D

-2.5%

1Y

2.4%

HWG

UK£1.36

Harworth Group

7D

5.0%

1Y

18.9%