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U.K. (FTSE) REITS Industry Analysis
UpdatedJan 17, 2025
DataAggregated Company Financials
Companies13
- 7D2.8%
- 3M-14.4%
- 1Y-7.0%
- YTD-1.2%
Over the last 7 days, the REITS industry has risen 2.8%, driven by gains in LondonMetric Property and British Land of 3.6% and 3.4%, respectively. However, the industry is down 7.0% over the past year. Earnings are forecast to grow by 23% annually.
Industry Valuation and Performance
Has the U.K. REITS Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 17 Jan 2025 | UK£12.8b | UK£1.9b | UK£461.0m | 21.2x | 27.8x | 6.9x |
| Sun, 15 Dec 2024 | UK£13.3b | UK£1.9b | UK£458.5m | 23.7x | 29x | 7.2x |
| Tue, 12 Nov 2024 | UK£14.5b | UK£2.0b | -UK£309,993,014.44 | 28.4x | -46.8x | 7.3x |
| Thu, 10 Oct 2024 | UK£15.2b | UK£2.0b | -UK£319,677,880.45 | 29.4x | -47.5x | 7.6x |
| Sat, 07 Sep 2024 | UK£15.4b | UK£2.0b | -UK£280,713,387.48 | 27.8x | -54.8x | 7.7x |
| Mon, 05 Aug 2024 | UK£14.9b | UK£2.0b | -UK£280,735,882.60 | 28.4x | -53.1x | 7.5x |
| Wed, 03 Jul 2024 | UK£14.5b | UK£2.0b | -UK£274,907,280.69 | 26.7x | -52.7x | 7.3x |
| Fri, 31 May 2024 | UK£15.1b | UK£2.0b | -UK£690,864,525.59 | 14.4x | -21.9x | 7.7x |
| Sun, 28 Apr 2024 | UK£15.0b | UK£2.0b | -UK£2,175,165,160.59 | 20x | -6.9x | 7.5x |
| Tue, 26 Mar 2024 | UK£15.0b | UK£2.0b | -UK£2,706,562,051.76 | 20.2x | -5.5x | 7.5x |
| Thu, 22 Feb 2024 | UK£12.5b | UK£2.1b | -UK£2,886,424,963.86 | 20x | -4.3x | 5.9x |
| Sat, 20 Jan 2024 | UK£15.8b | UK£2.4b | -UK£2,672,189,368.00 | 11.4x | -5.9x | 6.6x |
| Mon, 18 Dec 2023 | UK£16.7b | UK£2.4b | -UK£2,655,607,224.00 | 11.4x | -6.3x | 7x |
| Wed, 15 Nov 2023 | UK£16.1b | UK£2.4b | -UK£2,627,551,987.00 | 11.6x | -6.1x | 6.9x |
| Fri, 13 Oct 2023 | UK£15.2b | UK£2.2b | -UK£2,587,560,613.00 | 12.1x | -5.9x | 7x |
| Sun, 10 Sep 2023 | UK£15.0b | UK£2.2b | -UK£1,758,724,418.00 | 7.5x | -8.5x | 6.9x |
| Tue, 08 Aug 2023 | UK£18.2b | UK£2.3b | -UK£1,965,752,512.00 | 7.5x | -9.3x | 8.1x |
| Thu, 06 Jul 2023 | UK£17.7b | UK£2.3b | -UK£1,991,665,744.00 | 6.1x | -8.9x | 7.8x |
| Sat, 03 Jun 2023 | UK£18.8b | UK£2.2b | -UK£1,346,204,998.00 | 6.8x | -14x | 8.6x |
| Mon, 01 May 2023 | UK£19.6b | UK£2.2b | UK£1.5b | 6.7x | 13.2x | 9x |
| Wed, 29 Mar 2023 | UK£18.1b | UK£2.2b | UK£1.9b | 5.4x | 9.3x | 8.3x |
| Fri, 24 Feb 2023 | UK£58.7b | UK£6.2b | UK£5.0b | 6.7x | 11.8x | 9.5x |
| Sun, 22 Jan 2023 | UK£58.6b | UK£6.1b | UK£11.1b | 6.8x | 5.3x | 9.6x |
| Tue, 20 Dec 2022 | UK£54.6b | UK£6.0b | UK£11.0b | 6.4x | 5x | 9.2x |
| Thu, 17 Nov 2022 | UK£57.1b | UK£5.8b | UK£12.8b | 5.9x | 4.4x | 9.8x |
| Sat, 15 Oct 2022 | UK£50.9b | UK£5.7b | UK£13.4b | 4.3x | 3.8x | 8.9x |
| Mon, 12 Sep 2022 | UK£63.0b | UK£5.7b | UK£13.2b | 6.1x | 4.8x | 11.1x |
| Wed, 10 Aug 2022 | UK£69.4b | UK£5.6b | UK£13.0b | 7.5x | 5.3x | 12.3x |
| Fri, 08 Jul 2022 | UK£67.3b | UK£5.5b | UK£12.1b | 7.5x | 5.6x | 12.2x |
| Sun, 05 Jun 2022 | UK£71.5b | UK£5.5b | UK£11.5b | 7.7x | 6.2x | 13x |
| Tue, 03 May 2022 | UK£76.0b | UK£5.3b | UK£8.1b | 10x | 9.4x | 14.3x |
| Thu, 31 Mar 2022 | UK£78.3b | UK£5.3b | UK£7.8b | 10.7x | 10.1x | 14.6x |
| Sat, 26 Feb 2022 | UK£72.7b | UK£5.3b | UK£6.5b | 12.3x | 11.3x | 13.7x |
| Mon, 24 Jan 2022 | UK£77.4b | UK£5.2b | UK£4.3b | 12.9x | 18.1x | 14.9x |
Price to Earnings Ratio
18.1x
Current Industry PE
- Investors are pessimistic on the British 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 27.8x which is higher than its 3-year average PE of -4.4x.
- The 3-year average PS ratio of 9.6x is higher than the industry's current PS ratio of 6.9x.
Past Earnings Growth
- The earnings for companies in the REITs industry have declined 52% per year over the last three years,
- Revenues have also declined 29% 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 industry?
| GB Market | 0.96% | |
| Real Estate | 3.39% | |
| REITS | 2.85% | |
| Residential REITs | 7.24% | |
| Industrial REITs | 5.05% | |
| Retail REITs | 4.35% | |
| Diversified REITs | 2.85% | |
| Office REITs | 2.48% | |
| Healthcare REITs | 1.99% | |
| Specialized REITs | 0% | |
| Hotel and Resort REITs | 0% | |
Industry PE
- Investors are most optimistic about the Industrial REITs industry which is trading above its 3-year average PE ratio of 3.8x.
- Analysts are expecting annual earnings growth of 35.4% and investors are willing to pay a premium for that growth.
Forecasted Growth
- Analysts are most optimistic on the Office REITs industry, expecting annual earnings growth of 58% over the next 5 years.
- In contrast, the Residential REITs industry is expected to see its earnings grow by 15% per year 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 | |
|---|---|---|---|---|---|
| LMP LondonMetric Property | UK£1.81 | 3.6% +UK£128.8m | -0.9% | PB0.9x | |
| BLND British Land | UK£3.58 | 3.4% +UK£117.9m | -5.5% | PB0.7x | |
| LAND Land Securities Group | UK£5.62 | 2.0% +UK£81.7m | -12.3% | PB0.6x | |
| CREI Custodian Property Income REIT | UK£0.75 | 3.6% +UK£11.5m | -5.3% | PB0.8x | |
| PCTN Picton Property Income | UK£0.62 | 2.1% +UK£7.1m | -0.3% | PB0.6x |