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U.K. (FTSE) REITS Industry Analysis
UpdatedDec 10, 2024
DataAggregated Company Financials
Companies13
- 7D-2.4%
- 3M-11.8%
- 1Y-5.6%
- YTD-9.0%
Over the last 7 days, the REITS industry has dropped 2.8%, driven by British Land declining 3.3%. Over the last year, the industry has been flat overall. 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 |
|---|---|---|---|---|---|---|
| Tue, 10 Dec 2024 | UK£13.4b | UK£1.9b | UK£458.5m | 23.5x | 29.3x | 7.3x |
| Thu, 07 Nov 2024 | UK£14.3b | UK£2.0b | -UK£310,007,269.22 | 28.6x | -46.2x | 7.2x |
| Sat, 05 Oct 2024 | UK£15.2b | UK£2.0b | -UK£319,674,617.34 | 29.3x | -47.6x | 7.7x |
| Mon, 02 Sep 2024 | UK£14.9b | UK£2.0b | -UK£280,705,727.30 | 28x | -53.1x | 7.5x |
| Wed, 31 Jul 2024 | UK£14.8b | UK£2.0b | -UK£280,708,235.41 | 27.6x | -52.6x | 7.4x |
| Fri, 28 Jun 2024 | UK£14.4b | UK£2.0b | -UK£274,906,912.96 | 26.7x | -52.3x | 7.2x |
| Sun, 26 May 2024 | UK£14.8b | UK£2.0b | -UK£766,598,252.84 | 14.3x | -19.3x | 7.6x |
| Tue, 23 Apr 2024 | UK£14.6b | UK£2.0b | -UK£2,341,675,952.74 | 19.7x | -6.2x | 7.3x |
| Thu, 21 Mar 2024 | UK£14.6b | UK£2.0b | -UK£2,706,531,552.74 | 20.2x | -5.4x | 7.3x |
| Sat, 17 Feb 2024 | UK£12.6b | UK£2.1b | -UK£2,898,314,022.20 | 20.1x | -4.3x | 5.9x |
| Mon, 15 Jan 2024 | UK£16.6b | UK£2.4b | -UK£2,672,205,632.00 | 11.4x | -6.2x | 6.9x |
| Wed, 13 Dec 2023 | UK£15.9b | UK£2.4b | -UK£2,655,602,273.00 | 11.1x | -6x | 6.6x |
| Fri, 10 Nov 2023 | UK£15.2b | UK£2.2b | -UK£2,598,563,482.00 | 11.3x | -5.9x | 7x |
| Sun, 08 Oct 2023 | UK£15.0b | UK£2.2b | -UK£2,587,562,242.00 | 12.1x | -5.8x | 6.9x |
| Tue, 05 Sep 2023 | UK£15.0b | UK£2.2b | -UK£1,753,914,362.00 | 7.5x | -8.6x | 6.9x |
| Thu, 03 Aug 2023 | UK£18.2b | UK£2.3b | -UK£1,965,745,140.00 | 7.5x | -9.3x | 8.1x |
| Sat, 01 Jul 2023 | UK£17.3b | UK£2.3b | -UK£1,991,692,923.00 | 6.1x | -8.7x | 7.6x |
| Mon, 29 May 2023 | UK£18.3b | UK£2.2b | -UK£1,346,228,406.00 | 6.5x | -13.6x | 8.4x |
| Wed, 26 Apr 2023 | UK£19.1b | UK£2.2b | UK£1.5b | 6.4x | 12.9x | 8.7x |
| Fri, 24 Mar 2023 | UK£18.3b | UK£2.2b | UK£1.9b | 5.4x | 9.4x | 8.4x |
| Sun, 19 Feb 2023 | UK£60.3b | UK£6.1b | UK£5.1b | 6.7x | 11.9x | 9.8x |
| Tue, 17 Jan 2023 | UK£60.1b | UK£6.1b | UK£11.1b | 6.8x | 5.4x | 9.9x |
| Thu, 15 Dec 2022 | UK£56.8b | UK£6.0b | UK£11.0b | 6.7x | 5.2x | 9.5x |
| Sat, 12 Nov 2022 | UK£59.0b | UK£5.7b | UK£13.3b | 5.9x | 4.4x | 10.3x |
| Mon, 10 Oct 2022 | UK£51.7b | UK£5.7b | UK£13.4b | 4.8x | 3.9x | 9.1x |
| Wed, 07 Sep 2022 | UK£62.8b | UK£5.7b | UK£13.2b | 6.1x | 4.8x | 11.1x |
| Fri, 05 Aug 2022 | UK£70.3b | UK£5.6b | UK£13.0b | 7.5x | 5.4x | 12.5x |
| Sun, 03 Jul 2022 | UK£64.0b | UK£5.5b | UK£12.1b | 7.6x | 5.3x | 11.6x |
| Tue, 31 May 2022 | UK£71.1b | UK£5.5b | UK£11.4b | 7.6x | 6.2x | 13x |
| Thu, 28 Apr 2022 | UK£76.6b | UK£5.3b | UK£8.0b | 10x | 9.6x | 14.4x |
| Sat, 26 Mar 2022 | UK£77.6b | UK£5.4b | UK£7.8b | 10.4x | 9.9x | 14.4x |
| Mon, 21 Feb 2022 | UK£75.0b | UK£5.3b | UK£5.8b | 12.4x | 12.9x | 14.2x |
| Wed, 19 Jan 2022 | UK£78.3b | UK£5.2b | UK£4.3b | 13.2x | 18.3x | 15x |
| Fri, 17 Dec 2021 | UK£77.0b | UK£5.2b | UK£4.1b | 13x | 18.8x | 14.8x |
Price to Earnings Ratio
18.8x
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 29.6x which is higher than its 3-year average PE of -4.7x.
- The 3-year average PS ratio of 9.8x is higher than the industry's current PS ratio of 7.3x.
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 | 0.63% | |
| Real Estate | -1.75% | |
| REITS | -2.45% | |
| Healthcare REITs | 1.11% | |
| Specialized REITs | 0% | |
| Hotel and Resort REITs | 0% | |
| Retail REITs | -0.62% | |
| Office REITs | -0.95% | |
| Diversified REITs | -2.45% | |
| Residential REITs | -2.62% | |
| Industrial REITs | -3.47% | |
Industry PE
- Investors are most optimistic about the Industrial REITs industry which is trading above its 3-year average PE ratio of 1.6x.
- Analysts are expecting annual earnings growth of 34.9% 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 56% 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 | |
|---|---|---|---|---|---|
| UKCM UK Commercial Property REIT | UK£0.73 | 2.5% +UK£23.4m | 35.0% | PB0.9x | |
| AEWU AEW UK REIT | UK£1.01 | 3.6% +UK£5.5m | 3.5% | PB0.9x | |
| AIRE Alternative Income REIT | UK£0.69 | 2.2% +UK£1.2m | -0.1% | PB0.9x | |
| API abrdn Property Income Trust | UK£0.61 | 0.3% +UK£762.4k | 24.3% | PB0.8x | |
| GRIO Ground Rents Income Fund | UK£0.22 | 2.8% +UK£574.0k | -27.5% | PB0.3x |