U.K. (FTSE) REITS Industry Analysis
UpdatedApr 27, 2024
DataAggregated Company Financials
Companies15
- 7D2.2%
- 3M2.4%
- 1Y-1.4%
- YTD-2.1%
In the last week, the REITS industry is up 1.0%, with Land Securities Group leading the way, up 3.1%. During this same period, the Highcroft Investments underperformed, falling 9.6%. Despite this gain, the industry's performance has been flat over the past year. Earnings are forecast to grow by 94% 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 |
|---|---|---|---|---|---|---|
| Sat, 27 Apr 2024 | UK£15.0b | UK£2.0b | -UK£2,341,628,160.59 | 20x | -6.4x | 7.5x |
| Mon, 25 Mar 2024 | UK£15.1b | UK£2.0b | -UK£2,706,565,281.56 | 20.2x | -5.6x | 7.5x |
| Wed, 21 Feb 2024 | UK£12.5b | UK£2.1b | -UK£2,898,325,694.24 | 20x | -4.3x | 5.9x |
| Fri, 19 Jan 2024 | UK£15.9b | UK£2.4b | -UK£2,672,171,601.00 | 11.4x | -5.9x | 6.6x |
| Sun, 17 Dec 2023 | UK£16.7b | UK£2.4b | -UK£2,655,607,224.00 | 11.4x | -6.3x | 7x |
| Tue, 14 Nov 2023 | UK£15.3b | UK£2.2b | -UK£2,598,563,153.00 | 11.6x | -5.9x | 7x |
| Thu, 12 Oct 2023 | UK£15.4b | UK£2.2b | -UK£2,587,549,587.00 | 12.1x | -5.9x | 7.1x |
| Sat, 09 Sep 2023 | UK£15.0b | UK£2.2b | -UK£1,758,721,363.00 | 7.5x | -8.5x | 6.9x |
| Mon, 07 Aug 2023 | UK£18.3b | UK£2.3b | -UK£1,965,764,454.00 | 7.5x | -9.3x | 8.1x |
| Wed, 05 Jul 2023 | UK£17.7b | UK£2.3b | -UK£1,991,656,704.00 | 6.1x | -8.9x | 7.8x |
| Fri, 02 Jun 2023 | UK£18.4b | UK£2.2b | -UK£1,346,150,872.00 | 6.6x | -13.7x | 8.4x |
| Sun, 30 Apr 2023 | UK£19.6b | UK£2.2b | UK£1.5b | 6.7x | 13.2x | 9x |
| Tue, 28 Mar 2023 | UK£18.2b | UK£2.2b | UK£1.9b | 5.4x | 9.4x | 8.3x |
| Thu, 23 Feb 2023 | UK£58.5b | UK£6.2b | UK£5.0b | 6.8x | 11.8x | 9.5x |
| Sat, 21 Jan 2023 | UK£58.6b | UK£6.1b | UK£11.1b | 6.8x | 5.3x | 9.6x |
| Mon, 19 Dec 2022 | UK£54.4b | UK£6.0b | UK£11.0b | 6.5x | 5x | 9.1x |
| Wed, 16 Nov 2022 | UK£58.1b | UK£5.7b | UK£13.3b | 5.9x | 4.4x | 10.1x |
| Fri, 14 Oct 2022 | UK£130.3b | UK£5.7b | UK£13.4b | 4.3x | 9.7x | 22.8x |
| Sun, 11 Sep 2022 | UK£63.0b | UK£5.7b | UK£13.2b | 6.1x | 4.8x | 11.1x |
| Tue, 09 Aug 2022 | UK£69.9b | UK£5.6b | UK£13.0b | 7.5x | 5.4x | 12.4x |
| Thu, 07 Jul 2022 | UK£65.3b | UK£5.5b | UK£12.1b | 7.5x | 5.4x | 11.9x |
| Sat, 04 Jun 2022 | UK£71.5b | UK£5.5b | UK£11.5b | 7.7x | 6.2x | 12.9x |
| Mon, 02 May 2022 | UK£76.0b | UK£5.3b | UK£8.1b | 10x | 9.4x | 14.3x |
| Wed, 30 Mar 2022 | UK£78.7b | UK£5.3b | UK£7.7b | 10.9x | 10.2x | 14.7x |
| Fri, 25 Feb 2022 | UK£72.7b | UK£5.3b | UK£6.5b | 12.3x | 11.3x | 13.7x |
| Sun, 23 Jan 2022 | UK£77.4b | UK£5.2b | UK£4.3b | 12.9x | 18.1x | 14.9x |
| Tue, 21 Dec 2021 | UK£77.1b | UK£5.2b | UK£4.1b | 13x | 18.8x | 14.8x |
| Thu, 18 Nov 2021 | UK£75.6b | UK£5.2b | UK£359.2m | 13.1x | 210.4x | 14.5x |
| Sat, 16 Oct 2021 | UK£72.9b | UK£5.2b | UK£24.5m | 13x | 2976.8x | 14x |
| Mon, 13 Sep 2021 | UK£74.4b | UK£5.2b | -UK£303,068,389.56 | 15.5x | -245.6x | 14.3x |
| Wed, 11 Aug 2021 | UK£75.1b | UK£5.2b | -UK£408,408,152.56 | 16.2x | -184x | 14.5x |
| Sun, 06 Jun 2021 | UK£69.0b | UK£5.2b | -UK£2,016,908,389.56 | 14.9x | -34.2x | 13.4x |
Price to Earnings Ratio
-33.6x
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 11.2x is higher than the industry's current PS ratio of 7.4x.
Past Earnings Growth
- The earnings for companies in the REITs industry have deteriorated over the last three years.
- Revenues have also declined 27% per year.
- This means overall sales from these companies are declining and losses are subsequently expanding as well.
Industry Trends
Which industries have driven the changes within the U.K. Real Estate industry?
| GB Market | 2.84% | |
| Real Estate | 1.59% | |
| REITS | 2.25% | |
| Diversified REITs | 2.25% | |
| Retail REITs | 1.33% | |
| Industrial REITs | 1.10% | |
| Residential REITs | 1.04% | |
| Healthcare REITs | 0.54% | |
| Office REITs | 0.41% | |
| Specialized REITs | 0% | |
| Hotel and Resort REITs | 0% | |
Industry PE
- Investors are most optimistic about the Residential REITs industry which is trading above its 3-year average PE ratio of 26.0x.
- Analysts are expecting annual earnings growth of 21.9%, which is higher than its past year's earnings decline of 21.1% per year.
Forecasted Growth
- Analysts are most optimistic on the Office REITs industry, expecting annual earnings growth of 94% over the next 5 years.
- In contrast, the Residential REITs industry is expected to see its earnings grow by 22% 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 | |
|---|---|---|---|---|---|
| LAND Land Securities Group | UK£6.54 | 3.1% +UK£130.8m | -3.0% | PB0.7x | |
| BLND British Land | UK£3.93 | 3.3% +UK£116.9m | -1.8% | PB0.7x | |
| LMP LondonMetric Property | UK£1.96 | 0.9% +UK£36.7m | 1.9% | PB1.8x | |
| API abrdn Property Income Trust | UK£0.52 | 7.7% +UK£14.3m | -4.7% | PB0.6x | |
| UKCM UK Commercial Property REIT | UK£0.66 | 1.5% +UK£13.0m | 23.1% | PB0.8x |