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U.K. (FTSE) REITS Industry Analysis
UpdatedDec 17, 2024
DataAggregated Company Financials
Companies13
- 7D-2.2%
- 3M-15.5%
- 1Y-12.1%
- YTD-11.0%
Over the last 7 days, the REITS industry has dropped 2.2%, driven by pullbacks in Land Securities Group and LondonMetric Property of 2.6% and 2.5%, respectively. However, the industry is down 12% 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 |
|---|---|---|---|---|---|---|
| Tue, 17 Dec 2024 | UK£13.1b | UK£1.9b | UK£458.5m | 23.7x | 28.6x | 7.1x |
| Thu, 14 Nov 2024 | UK£14.0b | UK£2.0b | -UK£297,083,222.14 | 32.1x | -47.2x | 7.1x |
| Sat, 12 Oct 2024 | UK£15.2b | UK£2.0b | -UK£319,677,083.37 | 29.2x | -47.5x | 7.6x |
| Mon, 09 Sep 2024 | UK£15.4b | UK£2.0b | -UK£280,713,387.48 | 27.8x | -54.8x | 7.7x |
| Wed, 07 Aug 2024 | UK£14.5b | UK£2.0b | -UK£280,761,526.24 | 27.4x | -51.5x | 7.3x |
| Fri, 05 Jul 2024 | UK£14.7b | UK£2.0b | -UK£253,375,386.20 | 20.3x | -57.8x | 7.3x |
| Sun, 02 Jun 2024 | UK£15.1b | UK£2.0b | -UK£690,867,536.26 | 14.2x | -21.9x | 7.7x |
| Tue, 30 Apr 2024 | UK£15.0b | UK£2.0b | -UK£2,175,142,402.30 | 20.6x | -6.9x | 7.5x |
| Thu, 28 Mar 2024 | UK£15.2b | UK£2.0b | -UK£2,717,788,875.77 | 14.6x | -5.6x | 7.6x |
| Sat, 24 Feb 2024 | UK£12.2b | UK£2.1b | -UK£2,886,402,685.52 | 20x | -4.2x | 5.8x |
| Mon, 22 Jan 2024 | UK£15.8b | UK£2.4b | -UK£2,672,189,368.00 | 11.4x | -5.9x | 6.6x |
| Wed, 20 Dec 2023 | UK£16.7b | UK£2.4b | -UK£2,655,615,719.00 | 11.4x | -6.3x | 7x |
| Fri, 17 Nov 2023 | UK£16.1b | UK£2.3b | -UK£2,609,558,909.00 | 11.7x | -6.2x | 6.9x |
| Sun, 15 Oct 2023 | UK£15.0b | UK£2.2b | -UK£2,587,568,192.00 | 12.1x | -5.8x | 6.9x |
| Tue, 12 Sep 2023 | UK£15.1b | UK£2.2b | -UK£1,758,716,434.00 | 7.5x | -8.6x | 6.9x |
| Thu, 10 Aug 2023 | UK£18.3b | UK£2.3b | -UK£1,965,763,072.00 | 7.5x | -9.3x | 8.1x |
| Sat, 08 Jul 2023 | UK£17.2b | UK£2.3b | -UK£1,991,498,021.00 | 6.1x | -8.6x | 7.6x |
| Mon, 05 Jun 2023 | UK£18.8b | UK£2.2b | -UK£1,346,224,768.00 | 6.8x | -14x | 8.6x |
| Wed, 03 May 2023 | UK£19.3b | UK£2.2b | UK£1.5b | 6.6x | 13x | 8.8x |
| Fri, 31 Mar 2023 | UK£18.9b | UK£2.2b | UK£1.9b | 6.5x | 9.8x | 8.6x |
| Sun, 26 Feb 2023 | UK£58.4b | UK£6.2b | UK£5.0b | 6.7x | 11.8x | 9.5x |
| Tue, 24 Jan 2023 | UK£58.5b | UK£6.1b | UK£11.1b | 6.9x | 5.3x | 9.6x |
| Thu, 22 Dec 2022 | UK£54.7b | UK£6.0b | UK£11.0b | 6.5x | 5x | 9.2x |
| Sat, 19 Nov 2022 | UK£58.0b | UK£5.9b | UK£12.4b | 6.4x | 4.7x | 9.8x |
| Mon, 17 Oct 2022 | UK£50.9b | UK£5.7b | UK£13.4b | 4.3x | 3.8x | 8.9x |
| Wed, 14 Sep 2022 | UK£64.0b | UK£5.7b | UK£13.2b | 6.2x | 4.8x | 11.3x |
| Fri, 12 Aug 2022 | UK£70.1b | UK£5.6b | UK£13.0b | 7.5x | 5.4x | 12.4x |
| Sun, 10 Jul 2022 | UK£67.4b | UK£5.5b | UK£12.1b | 7.5x | 5.6x | 12.3x |
| Tue, 07 Jun 2022 | UK£72.2b | UK£5.5b | UK£11.5b | 7.7x | 6.3x | 13.1x |
| Thu, 05 May 2022 | UK£71.0b | UK£5.3b | UK£8.1b | 9.5x | 8.8x | 13.3x |
| Sat, 02 Apr 2022 | UK£77.6b | UK£5.4b | UK£7.8b | 10.6x | 9.9x | 14.5x |
| Mon, 28 Feb 2022 | UK£75.3b | UK£5.3b | UK£6.7b | 12.5x | 11.3x | 14.2x |
| Wed, 26 Jan 2022 | UK£76.5b | UK£5.2b | UK£4.3b | 12.9x | 17.9x | 14.7x |
| Fri, 24 Dec 2021 | UK£78.1b | UK£5.2b | UK£4.1b | 13x | 18.9x | 15x |
Price to Earnings Ratio
18.9x
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 28.6x which is higher than its 3-year average PE of -4.6x.
- The 3-year average PS ratio of 9.8x is higher than the industry's current PS ratio of 7.1x.
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 | -1.18% | |
| Real Estate | -2.88% | |
| REITS | -2.18% | |
| Specialized REITs | 0% | |
| Hotel and Resort REITs | 0% | |
| Healthcare REITs | -1.63% | |
| Office REITs | -1.89% | |
| Diversified REITs | -2.18% | |
| Residential REITs | -2.84% | |
| Retail REITs | -3.46% | |
| Industrial REITs | -3.98% | |
Industry PE
- Investors are most optimistic about the Industrial REITs industry which is trading above its 3-year average PE ratio of 2.1x.
- Analysts are expecting annual earnings growth of 36.6% 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 57% 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 | |
| TOWN Town Centre Securities | UK£1.23 | 2.9% +UK£1.5m | -1.6% | PB0.4x | |
| AIRE Alternative Income REIT | UK£0.69 | 0.6% +UK£322.0k | -1.6% | PB0.9x |