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U.K. (FTSE) Real Estate Sector Analysis

UpdatedJan 09, 2026
DataAggregated Company Financials
Companies64
  • 7D3.4%
  • 3M9.2%
  • 1Y9.5%
  • YTD4.4%

The Real Estate industry is up 3.4% in the last week, with SEGRO up 2.6%. In the last 12 months, the industry was up 9.5%. 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, 10 Jan 2026UK£59.7bUK£10.8bUK£4.2b13.4x14.1x5.5x
Mon, 08 Dec 2025UK£57.7bUK£10.9bUK£4.3b12.4x13.4x5.3x
Wed, 05 Nov 2025UK£58.4bUK£10.8bUK£4.4b11.8x13.3x5.4x
Fri, 03 Oct 2025UK£56.9bUK£10.8bUK£4.5b11.5x12.8x5.3x
Sun, 31 Aug 2025UK£56.1bUK£10.9bUK£4.6b10.8x12.2x5.2x
Tue, 29 Jul 2025UK£61.5bUK£13.5bUK£4.3b13x14.3x4.6x
Thu, 26 Jun 2025UK£63.4bUK£13.4bUK£4.1b13.8x15.4x4.7x
Sat, 24 May 2025UK£57.0bUK£13.1bUK£3.7b14.4x15.3x4.4x
Mon, 21 Apr 2025UK£60.5bUK£13.4bUK£3.2b19x18.9x4.5x
Wed, 19 Mar 2025UK£59.1bUK£13.4bUK£3.0b17.9x19.8x4.4x
Fri, 14 Feb 2025UK£60.8bUK£13.5bUK£808.7m21.7x75.1x4.5x
Sun, 12 Jan 2025UK£56.5bUK£13.6bUK£794.2m20x71.1x4.2x
Tue, 10 Dec 2024UK£61.1bUK£13.5bUK£789.7m21.5x77.3x4.5x
Thu, 07 Nov 2024UK£62.7bUK£13.5b-UK£656,550,910.7416.4x-95.5x4.6x
Sat, 05 Oct 2024UK£67.7bUK£13.5b-UK£698,753,113.8316.8x-96.9x5x
Mon, 02 Sep 2024UK£68.0bUK£13.5b-UK£621,516,619.3216.7x-109.3x5x
Wed, 31 Jul 2024UK£67.9bUK£13.5b-UK£193,351,023.8715.7x-351.3x5x
Fri, 28 Jun 2024UK£65.1bUK£13.5b-UK£574,741,880.8317x-113.2x4.8x
Sun, 26 May 2024UK£66.4bUK£13.4b-UK£1,503,977,324.6515.8x-44.2x4.9x
Tue, 23 Apr 2024UK£61.4bUK£13.6b-UK£3,316,895,213.0014.8x-18.5x4.5x
Thu, 21 Mar 2024UK£61.9bUK£13.6b-UK£3,756,411,404.3917.8x-16.5x4.5x
Sat, 17 Feb 2024UK£62.6bUK£13.5b-UK£8,863,077,630.1815.3x-7.1x4.6x
Mon, 15 Jan 2024UK£69.5bUK£14.9b-UK£8,441,679,044.0014.1x-8.2x4.7x
Wed, 13 Dec 2023UK£66.4bUK£14.9b-UK£8,436,983,855.0013.5x-7.9x4.5x
Fri, 10 Nov 2023UK£63.5bUK£14.7b-UK£8,204,290,673.0013x-7.7x4.3x
Sun, 08 Oct 2023UK£60.7bUK£14.6b-UK£8,100,055,818.0012.9x-7.5x4.1x
Tue, 05 Sep 2023UK£62.5bUK£14.9b-UK£6,907,250,365.0011.3x-9.1x4.2x
Thu, 03 Aug 2023UK£66.7bUK£14.8b-UK£6,655,824,722.0011.4x-10x4.5x
Sat, 01 Jul 2023UK£63.4bUK£15.0b-UK£4,760,799,677.0010.6x-13.3x4.2x
Mon, 29 May 2023UK£67.2bUK£14.8b-UK£3,456,359,106.009.4x-19.5x4.5x
Wed, 26 Apr 2023UK£69.7bUK£14.9bUK£1.3b8.2x52.8x4.7x
Fri, 24 Mar 2023UK£27.8bUK£10.7bUK£2.8b7.2x9.9x2.6x
Sun, 19 Feb 2023UK£70.1bUK£14.4bUK£6.0b7.5x11.7x4.9x
Tue, 17 Jan 2023UK£70.0bUK£14.5bUK£12.0b7.4x5.8x4.8x
Price to Earnings Ratio

5.8x


Total Market Cap: UK£70.0bTotal Earnings: UK£12.0bTotal Revenue: UK£14.5bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Real Estate Sector Price to Earnings3Y Average -5x202420252026
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 14.2x which is higher than its 3-year average PE of -5.0x.
  • The 3-year average PS ratio of 4.7x is lower than the industry's current PS ratio of 5.6x.
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 9.3% 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 Market1.28%
Real Estate3.37%
Office REITs5.26%
Retail REITs4.36%
Health Care REITs4.31%
Real Estate3.37%
Specialized REITs3.33%
Industrial REITs3.32%
REITS2.67%
Residential REITs1.81%
Industry PE
  • Investors are most optimistic about the Health Care REITs industry which is trading above its 3-year average PE ratio of 9.7x.
    • Analysts are expecting annual earnings growth of 18.3%, which is higher than its past year's earnings decline of 16.7% per year.
  • Investors are most pessimistic about the Specialized REITs industry, although it looks like investor sentiment has improved given that it's trading above 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 2.8% 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£7.322.8%
+UK£265.1m		9.3%PB0.8x
LMP LondonMetric PropertyUK£1.984.8%
+UK£212.4m		14.4%PB1x
BBOX Tritax Big Box REITUK£1.595.1%
+UK£208.1m		22.4%PB0.9x
LAND Land Securities GroupUK£6.444.0%
+UK£182.3m		19.1%PB0.7x
BLND British LandUK£4.133.9%
+UK£154.0m		21.1%PB0.7x

Latest News

LMP
UK£1.98
LondonMetric Property
7D
4.8%
1Y
14.4%
SGRO
UK£7.32
SEGRO
7D
2.8%
1Y
9.3%
PHP
UK£1.03
Primary Health Properties
7D
5.3%
1Y
19.6%

PHP: Stable Assumptions Will Sustain Earnings Accretion And Funding Cost Benefits

Analysts have kept their fair value estimate for Primary Health Properties broadly steady at £1.11 per share, attributing the unchanged price target to relatively stable assumptions around the discount rate, revenue growth, profit margin and future P/E. Valuation Changes The fair value estimate is held steady at £1.11 per share, reflecting no change in the core valuation outcome.
WJG
UK£0.29
Watkin Jones
7D
-3.2%
1Y
44.9%
RESI
UK£0.58
Residential Secure Income
7D
-2.4%
1Y
7.0%
IWG
UK£2.39
International Workplace Group
7D
5.7%
1Y
60.2%

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.
BLND
UK£4.13
British Land
7D
3.9%
1Y
21.1%
DLN
UK£18.50
Derwent London
7D
6.6%
1Y
-0.8%
RGL
UK£1.06
Regional REIT
7D
-0.9%
1Y
-7.0%
LABS
UK£0.37
Life Science REIT
7D
-7.1%
1Y
6.1%
SOHO
UK£0.69
Social Housing REIT
7D
-0.7%
1Y
18.3%
AEWU
UK£1.08
AEW UK REIT
7D
-1.3%
1Y
11.6%
LAND
UK£6.44
Land Securities Group
7D
4.0%
1Y
19.1%
BBOX
UK£1.59
Tritax Big Box REIT
7D
5.1%
1Y
22.4%
ALSP
UK£0.23
Ace Liberty & Stone
7D
-25.0%
1Y
-52.1%
TPFG
UK£5.08
Property Franchise Group
7D
-1.7%
1Y
24.5%