Narrative Update • May 12

Over the last 7 days, the Diversified REITs industry has risen 2.6%, driven by gains from Land Securities Group of 7.3%. In contrast, the industry has lost 5.1% in the last 12 months. Earnings are forecast to grow by 8.4% annually.
Has the U.K. Diversified REITs Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 21 May 2026 | UK£14.0b | UK£2.2b | UK£1.4b | 8.8x | 9.7x | 6.2x |
| Sat, 18 Apr 2026 | UK£14.5b | UK£2.3b | UK£1.3b | 9x | 11x | 6.4x |
| Mon, 16 Mar 2026 | UK£11.9b | UK£2.0b | UK£1.1b | 9.3x | 10.5x | 6x |
| Wed, 11 Feb 2026 | UK£13.2b | UK£2.0b | UK£1.1b | 9.8x | 11.8x | 6.7x |
| Fri, 09 Jan 2026 | UK£13.1b | UK£2.0b | UK£1.1b | 9.5x | 11.8x | 6.7x |
| Sun, 07 Dec 2025 | UK£12.6b | UK£2.0b | UK£1.1b | 9.7x | 11.6x | 6.4x |
| Tue, 04 Nov 2025 | UK£9.8b | UK£1.6b | UK£823.1m | 10.9x | 11.9x | 6x |
| Thu, 02 Oct 2025 | UK£9.5b | UK£1.6b | UK£824.1m | 10.9x | 11.5x | 5.8x |
| Sat, 30 Aug 2025 | UK£8.9b | UK£1.7b | UK£810.9m | 10x | 11x | 5.4x |
| Mon, 28 Jul 2025 | UK£9.4b | UK£1.7b | UK£795.7m | 11x | 11.9x | 5.7x |
| Wed, 25 Jun 2025 | UK£14.7b | UK£2.1b | UK£1.1b | 11.7x | 12.9x | 7.1x |
| Fri, 23 May 2025 | UK£13.8b | UK£2.0b | UK£887.7m | 21.5x | 15.6x | 6.9x |
| Sun, 20 Apr 2025 | UK£13.5b | UK£1.9b | UK£471.8m | 21.9x | 28.5x | 7.3x |
| Tue, 18 Mar 2025 | UK£12.9b | UK£1.9b | UK£463.8m | 21.4x | 27.9x | 7x |
| Thu, 13 Feb 2025 | UK£13.3b | UK£1.9b | UK£461.0m | 21.8x | 28.9x | 7.2x |
| Sat, 11 Jan 2025 | UK£12.3b | UK£1.9b | UK£466.7m | 21.1x | 26.3x | 6.6x |
| Mon, 09 Dec 2024 | UK£13.6b | UK£1.9b | UK£458.5m | 23.4x | 29.6x | 7.3x |
| Wed, 06 Nov 2024 | UK£14.6b | UK£2.0b | -UK£310,023,808.77 | 28.8x | -47.2x | 7.4x |
| Fri, 04 Oct 2024 | UK£15.3b | UK£2.0b | -UK£319,687,416.71 | 29.4x | -47.9x | 7.7x |
| Sun, 01 Sep 2024 | UK£14.9b | UK£2.0b | -UK£280,705,727.30 | 28x | -53.1x | 7.5x |
| Tue, 30 Jul 2024 | UK£14.7b | UK£2.0b | -UK£280,704,864.21 | 27.4x | -52.3x | 7.4x |
| Thu, 27 Jun 2024 | UK£14.3b | UK£2.0b | -UK£274,904,436.64 | 26.7x | -52.1x | 7.2x |
| Sat, 25 May 2024 | UK£14.8b | UK£1.9b | -UK£1,832,598,252.84 | 14.3x | -8.1x | 7.6x |
| Mon, 22 Apr 2024 | UK£14.6b | UK£2.0b | -UK£2,341,675,952.74 | 19.7x | -6.2x | 7.3x |
| Wed, 20 Mar 2024 | UK£14.4b | UK£2.0b | -UK£2,718,351,279.36 | 20.2x | -5.3x | 7.2x |
| Fri, 16 Feb 2024 | UK£12.6b | UK£2.1b | -UK£2,898,313,092.22 | 20.1x | -4.3x | 5.9x |
| Sun, 14 Jan 2024 | UK£14.9b | UK£2.3b | -UK£2,791,305,632.00 | 9.3x | -5.4x | 6.6x |
| Tue, 12 Dec 2023 | UK£14.3b | UK£2.3b | -UK£2,774,674,532.00 | 8.8x | -5.2x | 6.3x |
| Thu, 09 Nov 2023 | UK£13.6b | UK£2.1b | -UK£2,717,655,880.00 | 9.5x | -5x | 6.6x |
| Sat, 07 Oct 2023 | UK£13.4b | UK£2.1b | -UK£2,706,659,802.00 | 10.6x | -5x | 6.5x |
| Mon, 04 Sep 2023 | UK£13.5b | UK£2.1b | -UK£1,873,021,503.00 | 6.1x | -7.2x | 6.6x |
| Wed, 02 Aug 2023 | UK£14.1b | UK£2.1b | -UK£1,873,046,046.00 | 6x | -7.5x | 6.9x |
| Fri, 30 Jun 2023 | UK£13.0b | UK£2.1b | -UK£1,899,108,300.00 | 4.8x | -6.9x | 6.3x |
| Sun, 28 May 2023 | UK£14.1b | UK£2.0b | -UK£1,253,528,406.00 | 5.7x | -11.3x | 7.2x |
-11.3x
How does U.K. Diversified REITs compare with similar industries?
| GB Market | 0.52% | |
| Real Estate | 1.54% | |
| REITS | 3.97% | |
| Diversified REITs | 3.97% | |
| Residential REITs | 3.32% | |
| Retail REITs | 2.50% | |
| Industrial REITs | 0.91% | |
| Healthcare REITs | 0.46% | |
| Office REITs | 0.12% | |
| 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£6.12 | 7.3% +UK£308.8m | -0.6% | PB0.7x | |
| BLND British Land | UK£3.87 | 3.4% +UK£131.1m | -5.9% | PB0.7x | |
| SHC Shaftesbury Capital | UK£1.32 | 2.4% +UK£56.7m | -8.5% | PB0.6x | |
| SRE Sirius Real Estate | UK£1.00 | 0.7% +UK£10.3m | 7.4% | PB1.1x | |
| PCTN Picton Property Income | UK£0.73 | 2.7% +UK£9.7m | 0.8% | PB0.7x |