What You Need To Know About The Workspace Group plc (LON:WKP) Analyst Downgrade Today
Market forces rained on the parade of Workspace Group plc ( LON:WKP ) shareholders today, when the analysts downgraded...
Has the U.K. REITS Industry valuation changed over the past few years?
|Sun, 28 Nov 2021||UK£76.9b||UK£5.2b||UK£3.5b||12.9x|
|Tue, 26 Oct 2021||UK£73.4b||UK£5.2b||UK£145.6m||13x|
|Thu, 23 Sep 2021||UK£74.4b||UK£5.2b||-UK£291,314,125.00||15.3x|
|Sat, 21 Aug 2021||UK£75.7b||UK£5.2b||-UK£408,408,152.56||16.3x|
|Sat, 05 Jun 2021||UK£69.0b||UK£5.2b||-UK£2,016,908,389.56||14.9x|
|Tue, 09 Mar 2021||UK£62.4b||UK£5.2b||-UK£4,117,752,418.32||12.6x|
|Mon, 30 Nov 2020||UK£59.5b||UK£5.3b||-UK£4,883,303,935.17||17.6x|
|Thu, 03 Sep 2020||UK£55.9b||UK£5.4b||-UK£4,154,992,885.40||17.5x|
|Sun, 07 Jun 2020||UK£53.8b||UK£5.5b||-UK£2,026,750,377.10||16.2x|
|Sat, 29 Feb 2020||UK£63.9b||UK£5.5b||-UK£118,605,298.47||18.3x|
|Tue, 03 Dec 2019||UK£68.7b||UK£5.5b||UK£1.1b||18x|
|Fri, 06 Sep 2019||UK£59.7b||UK£5.5b||UK£1.7b||16x|
|Mon, 10 Jun 2019||UK£59.2b||UK£5.5b||UK£2.5b||15.4x|
|Sun, 03 Mar 2019||UK£59.7b||UK£5.5b||UK£3.4b||13x|
|Wed, 05 Dec 2018||UK£55.3b||UK£5.5b||UK£3.9b||12.3x|
Current Industry PE: Investors are relatively neutral on the industry at the moment, considering it's trading close to its 3-year average PE ratio of 15.5x. It appears they believe that earnings will grow in-line with historical growth rates.
Past Earnings Growth: The earnings for companies in the REITs industry have declined 4.3% per year over the last three years, and revenues have also declined 2.3% per year. This means overall sales from these companies are declining and profits are subsequently falling as well.
Which industries have driven the changes within the U.K. REITS industry?
Industry PE: Investors are most optimistic about the Office REITs industry which is trading above its 3-year average PE ratio of 56.5x. This is likely because analysts are expecting annual earnings growth of 35%, which is higher than its past year's earnings decline of 68% per year. Meanwhile, investors are most pessimistic about the Industrial REITs industry, which is trading below its 3-year average of 10.4x.
Forecasted Growth: Analysts are most optimistic on the Retail REITs industry, expecting annual earnings growth of 68% over the next 5 years. However this is lower than its past earnings growth rate of 150% per year. Meanwhile, the Specialized REITs industry is expected to see its earnings decline by 35% per year over the next few years.
Which companies have driven the market over the last 7 days?
Great Portland Estates
Big Yellow Group
Tritax Big Box REIT
Supermarket Income REIT