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U.K. (FTSE) Office REITs Industry Analysis
UpdatedSep 24, 2025
DataAggregated Company Financials
Companies8
- 7D2.3%
- 3M-12.0%
- 1Y-24.8%
- YTD-9.5%
The Office REITs is pretty flat in the last 7 days, but Derwent London has stood out, gaining 4.7%. Unfortunately though, the industry is down 27% over the past 12 months. As for the next few years, earnings are expected to grow by 15% per annum.
Industry Valuation and Performance
Has the U.K. Office REITs Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 24 Sep 2025 | UK£5.3b | UK£1.1b | UK£303.2m | 10.8x | 17.5x | 4.9x |
| Fri, 22 Aug 2025 | UK£5.5b | UK£1.1b | UK£210.6m | 11x | 26.1x | 5.1x |
| Sun, 20 Jul 2025 | UK£5.8b | UK£1.1b | UK£51.9m | 18.9x | 112.5x | 5.4x |
| Tue, 17 Jun 2025 | UK£5.9b | UK£1.1b | UK£51.9m | 19.2x | 113.8x | 5.4x |
| Thu, 15 May 2025 | UK£5.8b | UK£1.1b | -UK£260,152,000.00 | 18.7x | -22.4x | 5.1x |
| Sat, 12 Apr 2025 | UK£5.3b | UK£1.1b | -UK£260,152,000.00 | 17.5x | -20.4x | 4.7x |
| Mon, 10 Mar 2025 | UK£5.4b | UK£1.1b | -UK£428,992,000.00 | 17.3x | -12.6x | 4.7x |
| Wed, 05 Feb 2025 | UK£5.6b | UK£1.1b | -UK£895,458,000.00 | n/a | -6.3x | 5x |
| Fri, 03 Jan 2025 | UK£5.8b | UK£1.1b | -UK£895,458,000.00 | n/a | -6.5x | 5.1x |
| Sun, 01 Dec 2024 | UK£6.2b | UK£1.1b | -UK£895,458,000.00 | n/a | -6.9x | 5.5x |
| Tue, 29 Oct 2024 | UK£6.5b | UK£1.1b | -UK£1,434,412,000.00 | n/a | -4.6x | 6x |
| Thu, 26 Sep 2024 | UK£6.9b | UK£1.1b | -UK£1,434,412,000.00 | n/a | -4.8x | 6.4x |
| Sat, 24 Aug 2024 | UK£6.9b | UK£1.1b | -UK£1,379,222,000.00 | n/a | -5x | 6.3x |
| Mon, 22 Jul 2024 | UK£6.7b | UK£1.1b | -UK£1,537,922,000.00 | n/a | -4.3x | 6.2x |
| Wed, 19 Jun 2024 | UK£6.5b | UK£1.1b | -UK£1,537,922,000.00 | n/a | -4.2x | 6x |
| Fri, 17 May 2024 | UK£6.2b | UK£1.1b | -UK£1,574,847,000.00 | n/a | -3.9x | 5.8x |
| Sun, 14 Apr 2024 | UK£5.6b | UK£1.1b | -UK£1,574,847,000.00 | n/a | -3.5x | 5.3x |
| Tue, 12 Mar 2024 | UK£5.7b | UK£1.1b | -UK£1,612,941,000.00 | n/a | -3.5x | 5.4x |
| Thu, 08 Feb 2024 | UK£5.7b | UK£1.0b | -UK£1,670,534,000.00 | n/a | -3.4x | 5.4x |
| Sat, 06 Jan 2024 | UK£6.2b | UK£1.0b | -UK£1,670,534,000.00 | n/a | -3.7x | 5.9x |
| Mon, 04 Dec 2023 | UK£5.8b | UK£1.0b | -UK£1,670,534,000.00 | n/a | -3.5x | 5.6x |
| Wed, 01 Nov 2023 | UK£5.2b | UK£1.1b | -UK£1,209,706,000.00 | n/a | -4.3x | 4.9x |
| Fri, 29 Sep 2023 | UK£5.5b | UK£1.1b | -UK£1,209,706,000.00 | n/a | -4.5x | 5.2x |
| Sun, 27 Aug 2023 | UK£5.6b | UK£1.1b | -UK£1,111,635,000.00 | n/a | -5.1x | 5.3x |
| Tue, 25 Jul 2023 | UK£6.3b | UK£1.0b | -UK£710,735,000.00 | n/a | -8.9x | 6.1x |
| Thu, 22 Jun 2023 | UK£5.8b | UK£992.3m | -UK£646,224,000.00 | n/a | -9x | 5.9x |
| Sat, 20 May 2023 | UK£6.1b | UK£964.2m | -UK£269,824,000.00 | 37.4x | -22.5x | 6.3x |
| Mon, 17 Apr 2023 | UK£6.5b | UK£964.2m | -UK£269,824,000.00 | 38.6x | -24x | 6.7x |
Price to Earnings Ratio
-22.9x
Current Industry PE
- Investors are pessimistic on the British Office REITs 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 17.3x which is lower than its 3-year average PE of 174x.
- The 3-year average PS ratio of 5.6x is higher than the industry's current PS ratio of 4.9x.
Past Earnings Growth
- Total earnings for the Office REITs industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 5.5% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Trends
Which industries have driven the changes within the U.K. Real Estate industry?
| GB Market | 0.34% | |
| Real Estate | 1.66% | |
| Office REITs | 2.26% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| DLN Derwent London | UK£17.06 | 4.7% +UK£86.5m | -29.6% | PB0.5x | |
| GPE Great Portland Estates | UK£3.12 | 3.5% +UK£42.3m | -12.5% | PB0.6x | |
| CLI CLS Holdings | UK£0.58 | 5.5% +UK£11.9m | -37.7% | PB0.3x | |
| WKP Workspace Group | UK£3.93 | 0.4% +UK£2.9m | -39.5% | PB0.5x |