Narrative Update • May 12

Over the last 7 days, the Diversified REITs industry has dropped 3.2%, driven by British Land declining 5.7%. The industry has fallen 6.4% in the last year. As for the next few years, earnings are expected to grow by 9.1% per annum.
Has the U.K. Diversified REITs Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 18 May 2026 | UK£13.4b | UK£2.2b | UK£1.4b | 8.4x | 9.3x | 6x |
| Wed, 15 Apr 2026 | UK£13.9b | UK£2.3b | UK£1.3b | 8.8x | 10.6x | 6.2x |
| Fri, 13 Mar 2026 | UK£12.1b | UK£2.0b | UK£1.1b | 9.3x | 10.6x | 6.1x |
| Sun, 08 Feb 2026 | UK£13.2b | UK£2.0b | UK£1.1b | 9.7x | 11.8x | 6.7x |
| Tue, 06 Jan 2026 | UK£12.8b | UK£2.0b | UK£1.1b | 9.2x | 11.4x | 6.5x |
| Thu, 04 Dec 2025 | UK£12.8b | UK£2.0b | UK£1.1b | 9.6x | 11.7x | 6.5x |
| Sat, 01 Nov 2025 | UK£9.9b | UK£1.6b | UK£823.1m | 10.8x | 12x | 6x |
| Mon, 29 Sep 2025 | UK£9.2b | UK£1.7b | UK£814.5m | 10.8x | 11.3x | 5.6x |
| Wed, 27 Aug 2025 | UK£9.1b | UK£1.7b | UK£810.9m | 10.1x | 11.2x | 5.5x |
| Fri, 25 Jul 2025 | UK£9.5b | UK£1.7b | UK£795.6m | 11.1x | 11.9x | 5.7x |
| Sun, 22 Jun 2025 | UK£14.2b | UK£2.1b | UK£1.1b | 11.7x | 12.4x | 6.9x |
| Tue, 20 May 2025 | UK£14.0b | UK£1.9b | UK£741.3m | 20.9x | 18.9x | 7.4x |
| Thu, 17 Apr 2025 | UK£13.2b | UK£1.9b | UK£471.8m | 22.2x | 28.1x | 7.1x |
| Sat, 15 Mar 2025 | UK£12.8b | UK£1.9b | UK£463.8m | 21.2x | 27.7x | 6.9x |
| Mon, 10 Feb 2025 | UK£13.2b | UK£1.9b | UK£461.0m | 21.7x | 28.7x | 7.1x |
| Wed, 08 Jan 2025 | UK£12.8b | UK£1.9b | UK£466.7m | 22.1x | 27.5x | 6.9x |
| Fri, 06 Dec 2024 | UK£13.6b | UK£1.8b | UK£438.0m | 23.4x | 31x | 7.3x |
| Sun, 03 Nov 2024 | UK£14.7b | UK£2.0b | -UK£310,024,029.98 | 29x | -47.5x | 7.4x |
| Tue, 01 Oct 2024 | UK£15.4b | UK£2.0b | -UK£305,120,196.41 | 28.4x | -50.6x | 7.8x |
| Thu, 29 Aug 2024 | UK£14.9b | UK£2.0b | -UK£280,709,798.61 | 28.2x | -53x | 7.5x |
| Sat, 27 Jul 2024 | UK£14.6b | UK£2.0b | -UK£280,710,850.37 | 27.7x | -51.9x | 7.3x |
| Mon, 24 Jun 2024 | UK£14.5b | UK£2.0b | -UK£274,902,824.79 | 26.6x | -52.8x | 7.3x |
| Wed, 22 May 2024 | UK£14.8b | UK£1.9b | -UK£1,832,618,986.59 | 14.4x | -8.1x | 7.6x |
| Fri, 19 Apr 2024 | UK£14.6b | UK£2.0b | -UK£2,717,780,732.52 | 14.5x | -5.4x | 7.3x |
| Sun, 17 Mar 2024 | UK£14.4b | UK£2.0b | -UK£2,718,357,435.63 | 20.1x | -5.3x | 7.2x |
| Tue, 13 Feb 2024 | UK£12.5b | UK£2.1b | -UK£2,898,295,166.12 | 20.2x | -4.3x | 5.9x |
| Thu, 11 Jan 2024 | UK£14.9b | UK£2.3b | -UK£2,791,320,851.00 | 9.3x | -5.3x | 6.5x |
| Sat, 09 Dec 2023 | UK£14.1b | UK£2.3b | -UK£2,773,521,592.00 | 8.8x | -5.1x | 6.2x |
| Mon, 06 Nov 2023 | UK£14.0b | UK£2.1b | -UK£2,717,631,447.00 | 9.8x | -5.1x | 6.8x |
| Wed, 04 Oct 2023 | UK£13.3b | UK£2.1b | -UK£2,706,674,286.00 | 10.6x | -4.9x | 6.5x |
| Fri, 01 Sep 2023 | UK£13.7b | UK£2.1b | -UK£1,873,021,288.00 | 6.1x | -7.3x | 6.7x |
| Sun, 30 Jul 2023 | UK£14.2b | UK£2.1b | -UK£1,873,029,938.00 | 6.1x | -7.6x | 6.9x |
| Tue, 27 Jun 2023 | UK£12.9b | UK£2.1b | -UK£1,839,401,006.00 | 4.8x | -7x | 6.3x |
| Thu, 25 May 2023 | UK£14.5b | UK£2.0b | -UK£1,081,315,989.00 | 5.2x | -13.4x | 7.4x |
-13.4x
How does U.K. Diversified REITs compare with similar industries?
| GB Market | -1.07% | |
| Real Estate | -3.39% | |
| REITS | -3.24% | |
| Diversified REITs | -3.24% | |
| Specialized REITs | 0% | 0 |
| Residential REITs | -1.57% | |
| Retail REITs | -2.62% | |
| Healthcare REITs | -2.85% | |
| Office REITs | -3.77% | |
| Industrial REITs | -4.21% | |
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| LAND Land Securities Group | UK£5.89 | 1.0% +UK£44.6m | -2.4% | PB0.7x | |
| CREI Custodian Property Income REIT | UK£0.84 | 2.8% +UK£11.1m | 10.5% | PB0.9x | |
| TOWN Town Centre Securities | UK£1.26 | 2.4% +UK£1.3m | -9.0% | PB0.5x | |
| GRIO Ground Rents Income Fund | UK£0.18 | 7.4% +UK£1.2m | -32.4% | PB0.3x |