Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

U.K. (FTSE) Real Estate Sector Analysis

UpdatedFeb 18, 2026
DataAggregated Company Financials
Companies65
  • 7D2.0%
  • 3M10.2%
  • 1Y7.6%
  • YTD8.1%

Over the last 7 days, the Real Estate industry has risen 1.5%, driven by gains from SEGRO of 4.4%. During this same period, the International Workplace Group underperformed, falling 9.4%. This takes the industry's 12 month performance to a gain of 5.8%. Earnings are forecast to grow by 13% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 18 Feb 2026UK£61.9bUK£10.7bUK£4.0b14x15.4x5.8x
Fri, 16 Jan 2026UK£60.7bUK£10.8bUK£4.2b13.3x14.3x5.6x
Sun, 14 Dec 2025UK£56.0bUK£10.9bUK£4.3b12.8x13x5.2x
Tue, 11 Nov 2025UK£59.2bUK£10.8bUK£4.4b12x13.5x5.5x
Thu, 09 Oct 2025UK£55.7bUK£10.8bUK£4.4b11.5x12.5x5.1x
Sat, 06 Sep 2025UK£55.6bUK£10.9bUK£4.6b10.8x12.1x5.1x
Mon, 04 Aug 2025UK£59.9bUK£13.6bUK£4.4b12.5x13.6x4.4x
Wed, 02 Jul 2025UK£64.0bUK£13.4bUK£4.1b14.3x15.5x4.8x
Fri, 30 May 2025UK£63.3bUK£13.4bUK£4.1b14.4x15.5x4.7x
Sun, 27 Apr 2025UK£60.8bUK£13.4bUK£3.2b18.2x19x4.5x
Tue, 25 Mar 2025UK£58.7bUK£13.4bUK£2.9b17.9x20x4.4x
Thu, 20 Feb 2025UK£60.5bUK£13.4bUK£1.4b21.7x42x4.5x
Sat, 18 Jan 2025UK£59.7bUK£13.6bUK£777.9m21.2x76.7x4.4x
Mon, 16 Dec 2024UK£59.9bUK£13.5bUK£795.7m20.1x75.3x4.4x
Wed, 13 Nov 2024UK£63.1bUK£13.6b-UK£694,528,078.7016.5x-90.8x4.7x
Fri, 11 Oct 2024UK£67.0bUK£13.5b-UK£664,072,451.0216.6x-100.9x5x
Sun, 08 Sep 2024UK£68.8bUK£13.5b-UK£624,762,972.6517x-110.1x5.1x
Tue, 06 Aug 2024UK£66.4bUK£13.5b-UK£911,651,805.1016.4x-72.8x4.9x
Thu, 04 Jul 2024UK£66.5bUK£13.5b-UK£552,597,328.9715.4x-120.3x4.9x
Sat, 01 Jun 2024UK£66.9bUK£13.4b-UK£1,443,153,562.1115.5x-46.3x5x
Mon, 29 Apr 2024UK£62.3bUK£13.5b-UK£3,085,741,549.6615.3x-20.2x4.6x
Wed, 27 Mar 2024UK£63.7bUK£13.6b-UK£3,722,779,268.1215.9x-17.1x4.7x
Fri, 23 Feb 2024UK£62.1bUK£13.6b-UK£5,821,041,939.1515.5x-10.7x4.6x
Sun, 21 Jan 2024UK£66.4bUK£14.9b-UK£8,527,043,339.0014.3x-7.8x4.5x
Tue, 19 Dec 2023UK£69.7bUK£14.9b-UK£8,437,441,375.0013.9x-8.3x4.7x
Thu, 16 Nov 2023UK£66.5bUK£14.8b-UK£8,200,604,676.0013.4x-8.1x4.5x
Sat, 14 Oct 2023UK£60.5bUK£14.7b-UK£8,162,396,316.0012.8x-7.4x4.1x
Mon, 11 Sep 2023UK£62.3bUK£14.9b-UK£6,923,726,387.0011.7x-9x4.2x
Wed, 09 Aug 2023UK£67.2bUK£14.8b-UK£7,015,647,550.0011.3x-9.6x4.5x
Fri, 07 Jul 2023UK£62.9bUK£15.0b-UK£4,760,930,605.0010.7x-13.2x4.2x
Sun, 04 Jun 2023UK£69.6bUK£14.9b-UK£3,461,621,552.009.7x-20.1x4.7x
Tue, 02 May 2023UK£71.5bUK£14.9bUK£1.3b8.3x54.4x4.8x
Thu, 30 Mar 2023UK£65.8bUK£14.8bUK£2.3b7.4x28.2x4.4x
Sat, 25 Feb 2023UK£68.0bUK£14.4bUK£5.9b7.4x11.6x4.7x
Price to Earnings Ratio

11.6x


Total Market Cap: UK£68.0bTotal Earnings: UK£5.9bTotal Revenue: UK£14.4bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Real Estate Sector Price to Earnings3Y Average -4.7x202420252026
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 15.2x which is higher than its 3-year average PE of -4.7x.
  • The 3-year average PS ratio of 4.7x is lower than the industry's current PS ratio of 5.7x.
Past Earnings Growth
  • The earnings for companies in the Real Estate industry have declined 12% per year over the last three years,
  • Revenues have also declined 9.4% 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 Market1.65%
Real Estate2.00%
Industrial REITs5.04%
Health Care REITs3.41%
Residential REITs2.84%
REITS1.44%
Retail REITs1.25%
Specialized REITs0.79%
Real Estate-1.25%
Office REITs-2.90%
Industry PE
  • Investors are most optimistic about the Health Care REITs industry which is trading above its 3-year average PE ratio of 10.4x.
    • Analysts are expecting annual earnings growth of 18.7%, which is higher than its past year's earnings decline of 16.7% per year.
  • Investors are most pessimistic about the REITS industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average.
Forecasted Growth
  • Analysts are most optimistic on the Office REITs industry, expecting annual earnings growth of 21% over the next 5 years.
  • In contrast, the Residential REITs industry is expected to see its earnings grow by 7.5% 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£7.984.6%
+UK£473.4m		11.8%PB0.9x
LMP LondonMetric PropertyUK£2.115.5%
+UK£256.8m		10.4%PB1.1x
BBOX Tritax Big Box REITUK£1.735.6%
+UK£248.6m		17.6%PB1x
SRE Sirius Real EstateUK£1.054.4%
+UK£145.5m		35.5%PE9.1x
PHP Primary Health PropertiesUK£1.083.9%
+UK£106.4m		14.9%PB2x

Latest News

SRE
UK£1.05
Sirius Real Estate
7D
4.4%
1Y
35.5%
LAND
UK£6.66
Land Securities Group
7D
1.3%
1Y
13.2%

LAND: Fair Outlook Balances Softer Price Assumptions And Mixed Rating Shifts

Analysts have trimmed their average price targets on Land Securities Group by around £0.20 per share, citing reduced targets from several firms, as well as slightly higher required returns reflected in a modestly higher discount rate and future P/E assumptions. Analyst Commentary Recent research on Land Securities Group has focused on recalibrating price targets and valuation assumptions, rather than making sweeping calls on the business.
IWG
UK£2.23
International Workplace Group
7D
-8.6%
1Y
13.3%

Take Care Before Diving Into The Deep End On International Workplace Group plc (LON:IWG)

Feb 12
Take Care Before Diving Into The Deep End On International Workplace Group plc (LON:IWG)
SGRO
UK£7.98
SEGRO
7D
4.6%
1Y
11.8%
HLCL
UK£1.93
Helical
7D
-3.1%
1Y
2.6%
GPE
UK£3.36
Great Portland Estates
7D
-3.6%
1Y
17.7%
PHP
UK£1.08
Primary Health Properties
7D
3.9%
1Y
14.9%

PHP: Higher 2026 Dividend And Slightly Richer Multiple Will Support Steady Outlook

Analysts have raised their price target for Primary Health Properties from €1.13 to €1.14, reflecting updated assumptions that include slightly higher revenue, a marginally higher discount rate, a stable profit margin profile and a modestly higher future P/E multiple. What's in the News Primary Health Properties declared the first quarterly interim dividend for 2026 of 1.825 pence per ordinary share, equivalent to 7.3 pence on an annualised basis (Key Developments).
BLND
UK£4.15
British Land
7D
1.1%
1Y
13.2%
LMP
UK£2.11
LondonMetric Property
7D
5.5%
1Y
10.4%
LSL
UK£2.52
LSL Property Services
7D
-3.1%
1Y
-13.1%
DLN
UK£17.95
Derwent London
7D
-5.2%
1Y
-7.2%
CLI
UK£0.59
CLS Holdings
7D
-3.1%
1Y
-17.7%
SVS
UK£9.82
Savills
7D
-8.9%
1Y
-9.4%
UTG
UK£5.95
Unite Group
7D
3.2%
1Y
-31.3%
BBOX
UK£1.73
Tritax Big Box REIT
7D
5.6%
1Y
17.6%
DAR
US$7.43
Dar Global
7D
-3.3%
1Y
24.3%