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U.K. (FTSE) REITS Industry Analysis

UpdatedFeb 27, 2024
DataAggregated Company Financials
Companies15
  • 7D-2.6%
  • 3M2.4%
  • 1Y-12.2%
  • YTD-8.1%

Over the last 7 days, the REITS industry has dropped 2.6%, driven by declines in British Land and Land Securities Group of 4.5% and 3.4%, respectively. On the other hand Custodian Property Income REIT is actually up 6.5%. Overall the industry is down 12% in 12 months. As for the next few years, earnings are expected to grow by 95% per annum.

Industry Valuation and Performance

Has the U.K. REITS Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 27 Feb 2024UK£12.2bUK£2.1b-UK£2,886,414,853.2020x-4.2x5.8x
Thu, 25 Jan 2024UK£16.0bUK£2.4b-UK£2,672,171,320.0011.4x-6x6.7x
Sat, 23 Dec 2023UK£16.9bUK£2.4b-UK£2,655,659,799.0011.3x-6.4x7x
Mon, 20 Nov 2023UK£16.3bUK£2.3b-UK£2,609,566,185.0011.7x-6.2x6.9x
Wed, 18 Oct 2023UK£15.0bUK£2.2b-UK£2,587,559,893.0012.1x-5.8x6.9x
Fri, 15 Sep 2023UK£15.4bUK£2.2b-UK£1,758,724,973.007.5x-8.8x7.1x
Sun, 13 Aug 2023UK£17.8bUK£2.3b-UK£1,155,255,530.006.1x-15.4x7.7x
Tue, 11 Jul 2023UK£17.1bUK£2.3b-UK£1,991,516,942.006.1x-8.6x7.5x
Thu, 08 Jun 2023UK£18.8bUK£2.2b-UK£1,346,241,630.006.8x-13.9x8.6x
Sat, 06 May 2023UK£19.4bUK£2.2bUK£1.5b6.7x13.1x8.9x
Mon, 03 Apr 2023UK£18.8bUK£2.2bUK£1.9b6x9.8x8.6x
Wed, 01 Mar 2023UK£59.0bUK£6.2bUK£5.0b6.8x11.9x9.6x
Fri, 27 Jan 2023UK£59.2bUK£6.1bUK£11.1b6.8x5.3x9.7x
Sun, 25 Dec 2022UK£54.8bUK£6.0bUK£11.0b6.6x5x9.2x
Tue, 22 Nov 2022UK£58.2bUK£5.9bUK£12.3b6.4x4.7x9.9x
Thu, 20 Oct 2022UK£50.8bUK£5.7bUK£13.5b4.5x3.8x8.9x
Sat, 17 Sep 2022UK£61.6bUK£5.7bUK£13.2b6.2x4.7x10.9x
Mon, 15 Aug 2022UK£70.9bUK£5.7bUK£13.2b6.3x5.4x12.5x
Wed, 13 Jul 2022UK£67.1bUK£5.5bUK£12.1b7.5x5.5x12.2x
Fri, 10 Jun 2022UK£70.2bUK£5.5bUK£12.0b8.2x5.9x12.8x
Sun, 08 May 2022UK£70.0bUK£5.3bUK£8.1b9.4x8.7x13.1x
Tue, 05 Apr 2022UK£77.1bUK£5.4bUK£7.8b10.9x9.9x14.4x
Thu, 03 Mar 2022UK£75.2bUK£5.3bUK£6.7b13x11.3x14.2x
Sat, 29 Jan 2022UK£76.8bUK£5.2bUK£4.3b12.7x18x14.8x
Mon, 27 Dec 2021UK£78.3bUK£5.2bUK£4.1b13x18.9x15.1x
Wed, 24 Nov 2021UK£76.0bUK£5.2bUK£3.3b13.5x23.2x14.7x
Fri, 22 Oct 2021UK£73.5bUK£5.2bUK£145.6m13.2x504.6x14.1x
Sun, 19 Sep 2021UK£73.8bUK£5.2b-UK£304,454,405.0015.7x-242.5x14.2x
Tue, 17 Aug 2021UK£75.6bUK£5.2b-UK£408,408,152.5616.4x-185.1x14.6x
Tue, 01 Jun 2021UK£69.0bUK£5.2b-UK£2,016,908,389.5614.9x-34.2x13.4x
Fri, 05 Mar 2021UK£62.4bUK£5.2b-UK£4,117,752,418.3212.6x-15.1x11.9x
Price to Earnings Ratio

-15.1x


Total Market Cap: UK£62.4bTotal Earnings: -UK£4,117,752,418.32Total Revenue: UK£5.2bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. REITS Industry Price to Earnings3Y Average -35.1x202220232024
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 3-year average PS ratio of 11.4x is higher than the industry's current PS ratio of 5.8x.
Past Earnings Growth
  • The earnings for companies in the REITs industry have improved over the last three years.
  • Meanwhile revenues for these companies have declined 26% per year.
  • This means that less sales are being generated overall, but since the cost of doing business is lower, losses have been shrinking.

Industry Trends

Which industries have driven the changes within the U.K. Real Estate industry?

GB Market-0.73%
Real Estate-2.28%
REITS-2.60%
Specialized REITs0%
Hotel and Resort REITs0%
Healthcare REITs-1.01%
Industrial REITs-1.24%
Residential REITs-1.27%
Diversified REITs-2.60%
Retail REITs-3.43%
Office REITs-4.01%
Industry PE
  • Investors are most optimistic about the Residential REITs industry which is trading above its 3-year average PE ratio of 23.3x.
    • Analysts are expecting annual earnings growth of 42.1%, which is higher than its past year's earnings decline of 74.4% per year.
Forecasted Growth
  • Analysts are most optimistic on the Diversified REITs industry, expecting annual earnings growth of 95% over the next 5 years.
  • This is better than its past earnings decline of 86% per year.
  • In contrast, the Retail REITs industry is expected to see its earnings grow by 32% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
CREI Custodian Property Income REITUK£0.726.5%
+UK£19.4m
-22.0%PB0.7x
API abrdn Property Income TrustUK£0.535.0%
+UK£9.5m
-14.9%PB0.6x
PCTN Picton Property IncomeUK£0.650.9%
+UK£3.3m
-15.8%PB0.7x
BCPT Balanced Commercial Property TrustUK£0.780.1%
+UK£701.6k
-11.8%PB0.7x
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Latest News

PCTN

UK£0.65

Picton Property Income

7D

0.9%

1Y

-15.8%

BCPT

UK£0.78

Balanced Commercial Property Trust

7D

0.1%

1Y

-11.8%

API

UK£0.53

abrdn Property Income Trust

7D

5.0%

1Y

-14.9%

LAND

UK£6.23

Land Securities Group

7D

-3.4%

1Y

-9.5%

HCFT

UK£5.88

Highcroft Investments

7D

-9.6%

1Y

-36.8%

UKCM

UK£0.66

UK Commercial Property REIT

7D

-1.8%

1Y

17.8%

AIRE

UK£0.64

Alternative Income REIT

7D

-2.7%

1Y

-3.6%

LXI

UK£1.01

LXI REIT

7D

-0.9%

1Y

-10.7%

AEWU

UK£0.87

AEW UK REIT

7D

-5.4%

1Y

-11.3%

BLND

UK£3.57

British Land

7D

-4.5%

1Y

-19.9%

CREI

UK£0.72

Custodian Property Income REIT

7D

6.5%

1Y

-22.0%

SREI

UK£0.43

Schroder Real Estate Investment Trust

7D

-4.7%

1Y

-6.8%