Narrative Update • May 12

Over the last 7 days, the Diversified REITs industry has dropped 1.7%, driven by declines in British Land and Shaftesbury Capital of 1.9% and 3.0%, respectively. The industry has fallen 4.4% in the last year. Earnings are forecast to grow by 9.2% annually.
Has the U.K. Diversified REITs Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 15 May 2026 | UK£13.6b | UK£2.2b | UK£1.4b | 8.6x | 9.4x | 6x |
| Sun, 12 Apr 2026 | UK£13.7b | UK£2.3b | UK£1.3b | 8.8x | 10.4x | 6.1x |
| Tue, 10 Mar 2026 | UK£12.0b | UK£2.0b | UK£1.1b | 9.3x | 10.5x | 6.1x |
| Thu, 05 Feb 2026 | UK£13.5b | UK£2.0b | UK£1.1b | 10x | 12.1x | 6.9x |
| Sat, 03 Jan 2026 | UK£12.7b | UK£2.0b | UK£1.1b | 9.1x | 11.3x | 6.4x |
| Mon, 01 Dec 2025 | UK£12.7b | UK£2.0b | UK£1.1b | 9.7x | 11.6x | 6.4x |
| Wed, 29 Oct 2025 | UK£10.1b | UK£1.6b | UK£823.1m | 11x | 12.3x | 6.1x |
| Fri, 26 Sep 2025 | UK£9.2b | UK£1.7b | UK£814.5m | 10.8x | 11.3x | 5.5x |
| Sun, 24 Aug 2025 | UK£9.2b | UK£1.7b | UK£810.9m | 10.3x | 11.4x | 5.6x |
| Tue, 22 Jul 2025 | UK£9.4b | UK£1.7b | UK£795.6m | 11.1x | 11.8x | 5.6x |
| Thu, 19 Jun 2025 | UK£14.3b | UK£2.1b | UK£1.1b | 11.7x | 12.5x | 6.9x |
| Sat, 17 May 2025 | UK£14.0b | UK£1.9b | UK£741.3m | 21x | 18.9x | 7.4x |
| Mon, 14 Apr 2025 | UK£12.6b | UK£1.9b | UK£471.8m | 20.3x | 26.6x | 6.8x |
| Wed, 12 Mar 2025 | UK£12.8b | UK£1.9b | UK£463.8m | 20.9x | 27.5x | 6.9x |
| Fri, 07 Feb 2025 | UK£13.4b | UK£1.9b | UK£461.0m | 22.1x | 29.1x | 7.2x |
| Sun, 05 Jan 2025 | UK£13.0b | UK£1.9b | UK£466.7m | 22.4x | 27.8x | 7x |
| Tue, 03 Dec 2024 | UK£13.8b | UK£1.8b | UK£438.0m | 23x | 31.4x | 7.4x |
| Thu, 31 Oct 2024 | UK£14.8b | UK£2.0b | -UK£310,020,113.77 | 29.3x | -47.8x | 7.4x |
| Sat, 28 Sep 2024 | UK£15.7b | UK£2.0b | -UK£305,125,743.89 | 28.5x | -51.3x | 7.9x |
| Mon, 26 Aug 2024 | UK£15.0b | UK£2.0b | -UK£280,721,999.96 | 28.5x | -53.5x | 7.5x |
| Wed, 24 Jul 2024 | UK£14.6b | UK£2.0b | -UK£257,790,213.92 | 27.4x | -56.6x | 7.3x |
| Fri, 21 Jun 2024 | UK£14.7b | UK£2.0b | -UK£274,903,056.25 | 26.8x | -53.4x | 7.4x |
| Sun, 19 May 2024 | UK£15.0b | UK£1.9b | -UK£1,832,636,540.03 | 14.4x | -8.2x | 7.7x |
| Tue, 16 Apr 2024 | UK£14.7b | UK£2.0b | -UK£2,717,759,904.00 | 14.6x | -5.4x | 7.3x |
| Thu, 14 Mar 2024 | UK£14.5b | UK£2.0b | -UK£2,718,363,885.47 | 20x | -5.3x | 7.2x |
| Sat, 10 Feb 2024 | UK£12.3b | UK£2.1b | -UK£2,898,303,650.40 | 20.2x | -4.2x | 5.8x |
| Mon, 08 Jan 2024 | UK£15.0b | UK£2.3b | -UK£2,791,312,207.00 | 9.3x | -5.4x | 6.6x |
| Wed, 06 Dec 2023 | UK£14.1b | UK£2.3b | -UK£2,781,663,939.00 | 9x | -5.1x | 6.2x |
| Fri, 03 Nov 2023 | UK£13.8b | UK£2.1b | -UK£2,717,649,824.00 | 9.8x | -5.1x | 6.7x |
| Sun, 01 Oct 2023 | UK£13.5b | UK£2.1b | -UK£2,701,800,119.00 | 10.7x | -5x | 6.6x |
| Tue, 29 Aug 2023 | UK£13.4b | UK£2.1b | -UK£1,873,033,855.00 | 6.1x | -7.1x | 6.5x |
| Thu, 27 Jul 2023 | UK£14.4b | UK£2.1b | -UK£1,873,026,847.00 | 6.1x | -7.7x | 7x |
| Sat, 24 Jun 2023 | UK£12.9b | UK£2.1b | -UK£1,839,422,364.00 | 4.7x | -7x | 6.2x |
| Mon, 22 May 2023 | UK£14.5b | UK£2.0b | -UK£1,037,285,660.00 | 5.5x | -14x | 7.4x |
-14x
How does U.K. Diversified REITs compare with similar industries?
| GB Market | 0.80% | |
| Real Estate | -1.73% | |
| REITS | -1.66% | |
| Diversified REITs | -1.66% | |
| Specialized REITs | 0% | 0 |
| Residential REITs | -0.14% | |
| Industrial REITs | -1.48% | |
| Healthcare REITs | -1.56% | |
| Office REITs | -2.02% | |
| Retail REITs | -2.57% | |
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| CREI Custodian Property Income REIT | UK£0.82 | 0.6% +UK£2.4m | 7.7% | PB0.9x | |
| GRIO Ground Rents Income Fund | UK£0.18 | 7.4% +UK£1.2m | -32.4% | PB0.3x | |
| SERE Schroder European Real Estate Investment Trust | UK£0.60 | 1.0% +UK£788.4k | -6.5% | PB0.6x | |
| AEWU AEW UK REIT | UK£1.04 | 0.4% +UK£634.7k | 1.2% | PB1x | |
| API abrdn Property Income Trust | UK£0.02 | 4.9% +UK£352.6k | -63.7% | PB0.6x |