Narrative Update • May 12

The Diversified REITs industry is up 3.3% in the last week, with Land Securities Group up 5.9%. Despite this gain, the industry's performance has been flat over the past year. Looking forward, earnings are forecast to grow by 8.7% 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, 22 May 2026 | UK£14.0b | UK£2.3b | UK£1.4b | 8.7x | 9.7x | 6.2x |
| Sun, 19 Apr 2026 | UK£14.5b | UK£2.3b | UK£1.3b | 9x | 11x | 6.4x |
| Tue, 17 Mar 2026 | UK£11.9b | UK£2.0b | UK£1.1b | 9.3x | 10.5x | 6x |
| Thu, 12 Feb 2026 | UK£13.5b | UK£2.0b | UK£1.1b | 10.2x | 12x | 6.8x |
| Sat, 10 Jan 2026 | UK£13.1b | UK£2.0b | UK£1.1b | 9.5x | 11.7x | 6.6x |
| Mon, 08 Dec 2025 | UK£12.6b | UK£2.0b | UK£1.1b | 9.3x | 11.4x | 6.4x |
| Wed, 05 Nov 2025 | UK£10.0b | UK£1.6b | UK£823.2m | 10.9x | 12.2x | 6.1x |
| Fri, 03 Oct 2025 | UK£9.3b | UK£1.6b | UK£824.1m | 10.9x | 11.3x | 5.7x |
| Sun, 31 Aug 2025 | UK£8.9b | UK£1.7b | UK£810.9m | 10x | 11x | 5.4x |
| Tue, 29 Jul 2025 | UK£9.5b | UK£1.7b | UK£795.6m | 11x | 11.9x | 5.7x |
| Thu, 26 Jun 2025 | UK£14.6b | UK£2.1b | UK£1.1b | 11.7x | 12.8x | 7.1x |
| Sat, 24 May 2025 | UK£9.8b | UK£1.7b | UK£738.0m | 14.7x | 13.3x | 5.9x |
| Mon, 21 Apr 2025 | UK£13.5b | UK£1.9b | UK£471.8m | 21.9x | 28.5x | 7.3x |
| Wed, 19 Mar 2025 | UK£12.9b | UK£1.9b | UK£463.8m | 21.4x | 27.9x | 7x |
| Fri, 14 Feb 2025 | UK£13.5b | UK£1.9b | UK£461.0m | 22x | 29.2x | 7.3x |
| Sun, 12 Jan 2025 | UK£12.3b | UK£1.9b | UK£466.7m | 21.1x | 26.3x | 6.6x |
| Tue, 10 Dec 2024 | UK£13.4b | UK£1.9b | UK£458.5m | 23.5x | 29.3x | 7.3x |
| Thu, 07 Nov 2024 | UK£14.3b | UK£2.0b | -UK£310,007,269.22 | 28.6x | -46.2x | 7.2x |
| Sat, 05 Oct 2024 | UK£15.2b | UK£2.0b | -UK£319,674,617.34 | 29.3x | -47.6x | 7.7x |
| Mon, 02 Sep 2024 | UK£14.9b | UK£2.0b | -UK£280,705,727.30 | 28x | -53.1x | 7.5x |
| Wed, 31 Jul 2024 | UK£14.8b | UK£2.0b | -UK£280,708,235.41 | 27.6x | -52.6x | 7.4x |
| Fri, 28 Jun 2024 | UK£14.4b | UK£2.0b | -UK£274,906,912.96 | 26.7x | -52.3x | 7.2x |
| Sun, 26 May 2024 | UK£14.8b | UK£2.0b | -UK£766,598,252.84 | 14.3x | -19.3x | 7.6x |
| Tue, 23 Apr 2024 | UK£14.6b | UK£2.0b | -UK£2,341,675,952.74 | 19.7x | -6.2x | 7.3x |
| Thu, 21 Mar 2024 | UK£14.6b | UK£2.0b | -UK£2,706,531,552.74 | 20.2x | -5.4x | 7.3x |
| Sat, 17 Feb 2024 | UK£12.6b | UK£2.1b | -UK£2,898,314,022.20 | 20.1x | -4.3x | 5.9x |
| Mon, 15 Jan 2024 | UK£14.9b | UK£2.3b | -UK£2,791,305,632.00 | 9.3x | -5.4x | 6.6x |
| Wed, 13 Dec 2023 | UK£14.2b | UK£2.3b | -UK£2,774,702,273.00 | 8.7x | -5.1x | 6.3x |
| Fri, 10 Nov 2023 | UK£13.6b | UK£2.1b | -UK£2,717,663,482.00 | 9x | -5x | 6.6x |
| Sun, 08 Oct 2023 | UK£13.4b | UK£2.1b | -UK£2,706,662,242.00 | 10.6x | -5x | 6.5x |
| Tue, 05 Sep 2023 | UK£13.4b | UK£2.1b | -UK£1,873,014,362.00 | 6.1x | -7.2x | 6.5x |
| Thu, 03 Aug 2023 | UK£14.0b | UK£2.1b | -UK£1,873,045,140.00 | 6x | -7.5x | 6.8x |
| Sat, 01 Jul 2023 | UK£13.1b | UK£2.1b | -UK£1,898,992,923.00 | 4.8x | -6.9x | 6.3x |
| Mon, 29 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 | 0.25% | |
| Real Estate | 1.41% | |
| REITS | 3.28% | |
| Diversified REITs | 3.28% | |
| Retail REITs | 2.09% | |
| Residential REITs | 1.90% | |
| Healthcare REITs | 1.24% | |
| Industrial REITs | 1.11% | |
| Office REITs | 0.24% | |
| 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£6.30 | 8.7% +UK£375.7m | 3.2% | PB0.7x | |
| BLND British Land | UK£3.96 | 7.4% +UK£278.6m | 3.6% | PB0.7x | |
| SHC Shaftesbury Capital | UK£1.32 | 4.1% +UK£95.1m | -7.4% | PB0.6x | |
| SRE Sirius Real Estate | UK£0.99 | 1.5% +UK£23.7m | 8.4% | PB1.1x | |
| PCTN Picton Property Income | UK£0.73 | 3.4% +UK£12.3m | -0.3% | PB0.7x |