Is Grainger (LON:GRI) Using Too Much Debt?
Jan 26
U.K. (FTSE) Real Estate Sector Analysis
UpdatedApr 26, 2024
DataAggregated Company Financials
Companies74
- 7D0.4%
- 3M-3.0%
- 1Y-3.6%
- YTD-6.3%
The Real Estate industry has stayed flat over the last week. As for the longer term, the industry has declined 3.6% in the last year. Looking forward, earnings are forecast to grow by 58% annually.
Sector Valuation and Performance
Has the U.K. Real Estate Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 27 Apr 2024 | UK£61.6b | UK£13.5b | -UK£3,242,266,121.37 | 15.3x | -19x | 4.6x |
| Mon, 25 Mar 2024 | UK£63.6b | UK£13.6b | -UK£3,757,209,899.65 | 17.9x | -16.9x | 4.7x |
| Wed, 21 Feb 2024 | UK£62.5b | UK£13.6b | -UK£5,833,184,009.82 | 15.3x | -10.7x | 4.6x |
| Fri, 19 Jan 2024 | UK£66.4b | UK£14.9b | -UK£8,526,832,882.00 | 14.1x | -7.8x | 4.5x |
| Sun, 17 Dec 2023 | UK£69.8b | UK£14.9b | -UK£8,436,856,379.00 | 14.1x | -8.3x | 4.7x |
| Tue, 14 Nov 2023 | UK£63.1b | UK£14.7b | -UK£8,189,825,685.00 | 13x | -7.7x | 4.3x |
| Thu, 12 Oct 2023 | UK£62.3b | UK£14.7b | -UK£8,162,356,905.00 | 13.2x | -7.6x | 4.2x |
| Sat, 09 Sep 2023 | UK£62.3b | UK£14.9b | -UK£6,924,514,951.00 | 11.7x | -9x | 4.2x |
| Mon, 07 Aug 2023 | UK£67.2b | UK£14.8b | -UK£7,015,780,349.00 | 11.4x | -9.6x | 4.5x |
| Wed, 05 Jul 2023 | UK£65.1b | UK£15.0b | -UK£4,760,878,686.00 | 10.8x | -13.7x | 4.3x |
| Fri, 02 Jun 2023 | UK£68.0b | UK£14.8b | -UK£3,457,635,723.00 | 9.7x | -19.7x | 4.6x |
| Sun, 30 Apr 2023 | UK£71.5b | UK£14.9b | UK£1.3b | 8.3x | 54.3x | 4.8x |
| Tue, 28 Mar 2023 | UK£65.1b | UK£14.8b | UK£2.5b | 7.5x | 26x | 4.4x |
| Thu, 23 Feb 2023 | UK£68.2b | UK£14.4b | UK£5.9b | 7.3x | 11.6x | 4.7x |
| Sat, 21 Jan 2023 | UK£68.3b | UK£14.5b | UK£12.0b | 7.3x | 5.7x | 4.7x |
| Mon, 19 Dec 2022 | UK£63.8b | UK£14.5b | UK£12.1b | 6.8x | 5.3x | 4.4x |
| Wed, 16 Nov 2022 | UK£68.2b | UK£14.4b | UK£14.3b | 7.1x | 4.8x | 4.8x |
| Fri, 14 Oct 2022 | UK£243.3b | UK£14.2b | UK£14.4b | 5.4x | 16.9x | 17.1x |
| Sun, 11 Sep 2022 | UK£73.8b | UK£14.4b | UK£14.1b | 7.5x | 5.2x | 5.1x |
| Tue, 09 Aug 2022 | UK£82.1b | UK£14.1b | UK£13.8b | 8.6x | 5.9x | 5.8x |
| Thu, 07 Jul 2022 | UK£77.0b | UK£12.4b | UK£12.9b | 8.4x | 6x | 6.2x |
| Sat, 04 Jun 2022 | UK£85.0b | UK£13.8b | UK£12.3b | 9.8x | 6.9x | 6.2x |
| Mon, 02 May 2022 | UK£89.5b | UK£13.4b | UK£8.8b | 10.5x | 10.2x | 6.7x |
| Wed, 30 Mar 2022 | UK£92.7b | UK£13.1b | UK£8.4b | 11.2x | 11x | 7.1x |
| Fri, 25 Feb 2022 | UK£86.7b | UK£12.8b | UK£6.6b | 12.2x | 13.1x | 6.8x |
| Sun, 23 Jan 2022 | UK£92.9b | UK£12.8b | UK£4.5b | 12.9x | 20.7x | 7.3x |
| Tue, 21 Dec 2021 | UK£92.2b | UK£12.7b | UK£4.3b | 12.9x | 21.5x | 7.2x |
| Thu, 18 Nov 2021 | UK£91.4b | UK£12.8b | UK£452.4m | 13.2x | 201.9x | 7.2x |
| Sat, 16 Oct 2021 | UK£88.2b | UK£12.7b | UK£81.5m | 13.2x | 1081.6x | 6.9x |
| Mon, 13 Sep 2021 | UK£89.8b | UK£12.5b | -UK£320,010,144.05 | 16.1x | -280.5x | 7.2x |
| Wed, 11 Aug 2021 | UK£86.9b | UK£10.3b | UK£97.0m | 17.1x | 895.1x | 8.4x |
| Sun, 06 Jun 2021 | UK£80.1b | UK£10.2b | -UK£1,575,574,561.05 | 16x | -50.9x | 7.9x |
Price to Earnings Ratio
-50x
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 5.9x is higher than the industry's current PS ratio of 4.6x.
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 9.9% 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 Market | 2.25% | |
| Real Estate | 0.37% | |
| Real Estate | 1.13% | |
| REITS | 1.00% | |
| Industrial REITs | 0.41% | |
| Retail REITs | 0.35% | |
| Specialized REITs | 0.12% | |
| Hotel and Resort REITs | 0% | |
| Health Care REITs | -0.06% | |
| Residential REITs | -0.20% | |
| Office REITs | -1.74% | |
Industry PE
- Investors are most optimistic about the Residential REITs industry which is trading above its 3-year average PE ratio of 19.0x.
- Analysts are expecting annual earnings growth of 21.5%, which is higher than its past year's earnings decline of 29.0% per year.
Forecasted Growth
- Analysts are most optimistic on the Office REITs industry, expecting annual earnings growth of 94% over the next 5 years.
- 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| LAND Land Securities Group | UK£6.54 | 3.1% +UK£130.8m | -3.0% | PB0.7x | |
| BLND British Land | UK£3.93 | 3.3% +UK£116.9m | -1.8% | PB0.7x | |
| SGRO SEGRO | UK£8.55 | 0.7% +UK£76.1m | 2.4% | PB1x | |
| BBOX Tritax Big Box REIT | UK£1.50 | 2.1% +UK£59.0m | -3.5% | PB0.9x | |
| UTG Unite Group | UK£9.32 | 1.5% +UK£58.8m | -2.8% | PB1x |