Narrative Update • Jun 13

Over the last 7 days, the Diversified REITs industry has risen 3.9%, driven by gains in Land Securities Group and British Land of 4.7% and 4.8%, respectively. This means that the industry has gained 3.0% over the past year. As for the next few years, earnings are expected to grow by 9.6% 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, 15 Jun 2026 | UK£14.7b | UK£2.3b | UK£1.5b | 9x | 10x | 6.4x |
| Wed, 13 May 2026 | UK£13.3b | UK£2.2b | UK£1.3b | 8.6x | 9.9x | 5.9x |
| Fri, 10 Apr 2026 | UK£13.7b | UK£2.3b | UK£1.3b | 8.8x | 10.4x | 6.1x |
| Sun, 08 Mar 2026 | UK£12.4b | UK£2.0b | UK£1.1b | 9.5x | 10.9x | 6.3x |
| Tue, 03 Feb 2026 | UK£13.1b | UK£2.0b | UK£1.1b | 9.8x | 11.8x | 6.7x |
| Thu, 01 Jan 2026 | UK£12.8b | UK£2.0b | UK£1.1b | 9.2x | 11.5x | 6.5x |
| Sat, 29 Nov 2025 | UK£12.7b | UK£2.0b | UK£1.1b | 9.7x | 11.6x | 6.4x |
| Mon, 27 Oct 2025 | UK£10.2b | UK£1.6b | UK£823.1m | 11.2x | 12.4x | 6.2x |
| Wed, 24 Sep 2025 | UK£9.2b | UK£1.7b | UK£814.5m | 10.8x | 11.3x | 5.6x |
| Fri, 22 Aug 2025 | UK£9.2b | UK£1.7b | UK£810.9m | 10.3x | 11.3x | 5.5x |
| Sun, 20 Jul 2025 | UK£9.4b | UK£1.7b | UK£795.6m | 11x | 11.8x | 5.6x |
| Tue, 17 Jun 2025 | UK£14.1b | UK£2.1b | UK£1.1b | 11.6x | 12.4x | 6.8x |
| Thu, 15 May 2025 | UK£13.7b | UK£1.8b | UK£451.3m | 22.5x | 30.3x | 7.4x |
| Sat, 12 Apr 2025 | UK£12.6b | UK£1.9b | UK£471.8m | 20.3x | 26.6x | 6.8x |
| Mon, 10 Mar 2025 | UK£12.6b | UK£1.9b | UK£461.0m | 21.4x | 27.3x | 6.8x |
| Wed, 05 Feb 2025 | UK£13.2b | UK£1.9b | UK£461.0m | 21.7x | 28.6x | 7.1x |
| Fri, 03 Jan 2025 | UK£13.0b | UK£1.9b | UK£466.7m | 22.2x | 27.8x | 7x |
| Sun, 01 Dec 2024 | UK£14.0b | UK£1.8b | UK£438.0m | 23.1x | 31.9x | 7.6x |
| Tue, 29 Oct 2024 | UK£14.9b | UK£2.0b | -UK£310,009,666.61 | 29.3x | -48x | 7.5x |
| Thu, 26 Sep 2024 | UK£15.5b | UK£2.0b | -UK£305,128,906.85 | 28.2x | -50.9x | 7.8x |
| Sat, 24 Aug 2024 | UK£15.0b | UK£2.0b | -UK£280,721,999.96 | 28.5x | -53.5x | 7.5x |
| Mon, 22 Jul 2024 | UK£14.8b | UK£2.0b | -UK£257,794,835.91 | 27.5x | -57.2x | 7.4x |
| Wed, 19 Jun 2024 | UK£14.7b | UK£2.0b | -UK£280,376,839.15 | 26.7x | -52.5x | 7.4x |
| Fri, 17 May 2024 | UK£16.2b | UK£2.0b | -UK£2,091,948,604.35 | 20.5x | -7.7x | 8.1x |
| Sun, 14 Apr 2024 | UK£14.7b | UK£2.0b | -UK£2,717,771,525.98 | 14.6x | -5.4x | 7.3x |
| Tue, 12 Mar 2024 | UK£14.6b | UK£2.0b | -UK£2,718,339,905.59 | 19.9x | -5.4x | 7.3x |
| Thu, 08 Feb 2024 | UK£12.7b | UK£2.1b | -UK£2,898,296,830.61 | 20.2x | -4.4x | 6x |
| Sat, 06 Jan 2024 | UK£15.0b | UK£2.3b | -UK£2,791,315,932.00 | 9.3x | -5.4x | 6.6x |
| Mon, 04 Dec 2023 | UK£14.0b | UK£2.3b | -UK£2,781,659,022.00 | 9.1x | -5x | 6.2x |
| Wed, 01 Nov 2023 | UK£13.0b | UK£2.1b | -UK£2,717,654,943.00 | 9.8x | -4.8x | 6.3x |
| Fri, 29 Sep 2023 | UK£13.2b | UK£2.1b | -UK£1,985,118,954.00 | 9.1x | -6.7x | 6.4x |
| Sun, 27 Aug 2023 | UK£13.4b | UK£2.1b | -UK£1,873,033,855.00 | 6.1x | -7.1x | 6.5x |
| Tue, 25 Jul 2023 | UK£14.3b | UK£2.1b | -UK£1,873,065,654.00 | 6.1x | -7.7x | 7x |
| Thu, 22 Jun 2023 | UK£13.6b | UK£2.1b | -UK£1,839,389,106.00 | 5x | -7.4x | 6.6x |
-7.4x
How does U.K. Diversified REITs compare with similar industries?
| GB Market | 0.98% | |
| Real Estate | 4.67% | |
| REITS | 4.76% | |
| Diversified REITs | 4.76% | |
| Industrial REITs | 6.06% | |
| Office REITs | 5.14% | |
| Residential REITs | 4.46% | |
| Retail REITs | 3.45% | |
| Healthcare REITs | 2.60% | |
| Specialized REITs | 0% | 0 |
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| LAND Land Securities Group | UK£6.57 | 6.2% +UK£286.5m | 6.4% | PB0.7x | |
| BLND British Land | UK£4.18 | 5.5% +UK£223.3m | 8.0% | PB0.7x | |
| SHC Shaftesbury Capital | UK£1.36 | 4.5% +UK£107.9m | -8.3% | PB0.6x | |
| SRE Sirius Real Estate | UK£0.98 | 2.8% +UK£41.9m | 3.9% | PB0.9x | |
| CREI Custodian Property Income REIT | UK£0.89 | 0% UK£4.1m | 10.7% | PB0.9x |