Narrative Update • Jun 26

Over the last 7 days, the Office REITs industry has remained flat, although notably Globalworth Real Estate Investments gained 3.3%. In line with that, the industry has also been flat over the past 12 months. Looking forward, earnings are forecast to grow by 31% annually.
Has the U.K. Office REITs Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 17 Aug 2026 | UK£5.6b | UK£1.2b | -UK£11,747,000.00 | 42.5x | -479.8x | 4.7x |
| Wed, 15 Jul 2026 | UK£5.4b | UK£1.2b | UK£146.6m | 14x | 37.1x | 4.5x |
| Fri, 12 Jun 2026 | UK£5.0b | UK£1.2b | UK£146.6m | 12.8x | 34.4x | 4.2x |
| Sun, 10 May 2026 | UK£5.0b | UK£1.2b | UK£201.1m | 12.2x | 24.8x | 4.2x |
| Tue, 07 Apr 2026 | UK£4.7b | UK£1.2b | UK£201.1m | 11.2x | 23.5x | 3.9x |
| Thu, 05 Mar 2026 | UK£5.3b | UK£1.2b | UK£172.6m | 10.9x | 30.6x | 4.4x |
| Sat, 31 Jan 2026 | UK£5.8b | UK£1.1b | UK£249.4m | 10x | 23.1x | 5.3x |
| Mon, 29 Dec 2025 | UK£5.2b | UK£1.1b | UK£249.4m | 9.1x | 20.8x | 4.8x |
| Wed, 26 Nov 2025 | UK£5.0b | UK£1.1b | UK£251.1m | 8.7x | 20.1x | 4.6x |
| Fri, 24 Oct 2025 | UK£5.6b | UK£1.1b | UK£303.2m | 12.1x | 18.5x | 5.2x |
| Sun, 21 Sep 2025 | UK£5.3b | UK£1.1b | UK£303.2m | 10.7x | 17.3x | 4.9x |
| Tue, 19 Aug 2025 | UK£5.5b | UK£1.1b | UK£210.6m | 10.9x | 26x | 5.1x |
| Thu, 17 Jul 2025 | UK£5.8b | UK£1.1b | UK£51.9m | 18.7x | 111.9x | 5.3x |
| Sat, 14 Jun 2025 | UK£5.9b | UK£1.1b | UK£51.9m | 19.1x | 113.6x | 5.4x |
| Mon, 12 May 2025 | UK£5.9b | UK£1.1b | -UK£260,152,000.00 | 19.3x | -22.8x | 5.2x |
| Wed, 09 Apr 2025 | UK£5.3b | UK£1.1b | -UK£260,152,000.00 | 17.1x | -20.3x | 4.7x |
| Fri, 07 Mar 2025 | UK£5.3b | UK£1.1b | -UK£428,992,000.00 | 17.1x | -12.5x | 4.7x |
| Sun, 02 Feb 2025 | UK£5.7b | UK£1.1b | -UK£895,458,000.00 | n/a | -6.4x | 5x |
| Tue, 31 Dec 2024 | UK£5.8b | UK£1.1b | -UK£895,458,000.00 | n/a | -6.4x | 5.1x |
| Thu, 28 Nov 2024 | UK£6.2b | UK£1.1b | -UK£895,458,000.00 | n/a | -6.9x | 5.5x |
| Sat, 26 Oct 2024 | UK£6.5b | UK£1.1b | -UK£1,434,412,000.00 | n/a | -4.5x | 6x |
| Mon, 23 Sep 2024 | UK£7.1b | UK£1.1b | -UK£1,434,412,000.00 | n/a | -4.9x | 6.5x |
| Wed, 21 Aug 2024 | UK£6.7b | UK£1.1b | -UK£1,379,222,000.00 | n/a | -4.9x | 6.1x |
| Fri, 19 Jul 2024 | UK£6.6b | UK£1.1b | -UK£1,537,922,000.00 | n/a | -4.3x | 6.1x |
| Sun, 16 Jun 2024 | UK£6.4b | UK£1.1b | -UK£1,537,922,000.00 | n/a | -4.2x | 5.9x |
| Tue, 14 May 2024 | UK£5.9b | UK£1.1b | -UK£1,574,847,000.00 | n/a | -3.8x | 5.6x |
| Thu, 11 Apr 2024 | UK£5.5b | UK£1.1b | -UK£1,574,847,000.00 | n/a | -3.5x | 5.2x |
| Sat, 09 Mar 2024 | UK£5.7b | UK£1.1b | -UK£1,587,934,000.00 | n/a | -3.6x | 5.4x |
| Mon, 05 Feb 2024 | UK£5.8b | UK£1.0b | -UK£1,670,534,000.00 | n/a | -3.5x | 5.6x |
| Wed, 03 Jan 2024 | UK£6.3b | UK£1.0b | -UK£1,670,534,000.00 | n/a | -3.8x | 6x |
| Fri, 01 Dec 2023 | UK£5.7b | UK£1.0b | -UK£1,670,534,000.00 | n/a | -3.4x | 5.5x |
| Sun, 29 Oct 2023 | UK£5.1b | UK£1.1b | -UK£1,209,706,000.00 | n/a | -4.3x | 4.9x |
| Tue, 26 Sep 2023 | UK£5.7b | UK£1.1b | -UK£1,209,706,000.00 | n/a | -4.7x | 5.4x |
| Thu, 24 Aug 2023 | UK£5.7b | UK£1.1b | -UK£1,111,635,000.00 | n/a | -5.1x | 5.4x |
-5.1x
Which industries have driven the changes within the U.K. Real Estate industry?
| GB Market | -1.35% | |
| Real Estate | 0.078% | |
| Office REITs | 0.21% | |
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| GPE Great Portland Estates | UK£3.60 | 1.9% +UK£26.6m | 14.6% | PB0.7x | |
| GWI Globalworth Real Estate Investments | €1.86 | 3.3% +€17.4m | -21.5% | PB0.4x | |
| DLN Derwent London | UK£20.96 | 0.5% +UK£11.1m | 21.2% | PB0.7x | |
| WKP Workspace Group | UK£3.66 | 1.3% +UK£9.2m | -11.9% | PB0.5x | |
| PCA Palace Capital | UK£1.83 | 4.0% +UK£1.4m | -19.7% | PB0.7x |