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 4.9%. However, the industry is down 5.1% over the past year. 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 |
|---|---|---|---|---|---|---|
| Wed, 20 May 2026 | UK£13.6b | UK£2.2b | UK£1.4b | 8.7x | 9.5x | 6.1x |
| Fri, 17 Apr 2026 | UK£14.1b | UK£2.3b | UK£1.3b | 8.9x | 10.7x | 6.2x |
| Sun, 15 Mar 2026 | UK£11.9b | UK£2.0b | UK£1.1b | 9.3x | 10.5x | 6x |
| Tue, 10 Feb 2026 | UK£13.1b | UK£2.0b | UK£1.1b | 9.7x | 11.7x | 6.7x |
| Thu, 08 Jan 2026 | UK£13.1b | UK£2.0b | UK£1.1b | 9.5x | 11.7x | 6.6x |
| Sat, 06 Dec 2025 | UK£12.6b | UK£2.0b | UK£1.1b | 9.7x | 11.6x | 6.4x |
| Mon, 03 Nov 2025 | UK£9.9b | UK£1.6b | UK£823.1m | 10.8x | 12x | 6x |
| Wed, 01 Oct 2025 | UK£9.3b | UK£1.6b | UK£824.1m | 10.9x | 11.3x | 5.6x |
| Fri, 29 Aug 2025 | UK£9.0b | UK£1.7b | UK£810.9m | 10x | 11x | 5.4x |
| Sun, 27 Jul 2025 | UK£9.4b | UK£1.7b | UK£795.7m | 11x | 11.9x | 5.7x |
| Tue, 24 Jun 2025 | UK£14.1b | UK£2.1b | UK£1.1b | 11.7x | 12.4x | 6.8x |
| Thu, 22 May 2025 | UK£14.2b | UK£2.0b | UK£887.7m | 21.3x | 15.9x | 7.1x |
| Sat, 19 Apr 2025 | UK£13.5b | UK£1.9b | UK£471.8m | 21.9x | 28.5x | 7.3x |
| Mon, 17 Mar 2025 | UK£12.8b | UK£1.9b | UK£463.8m | 21.2x | 27.7x | 6.9x |
| Wed, 12 Feb 2025 | UK£13.2b | UK£1.9b | UK£461.0m | 21.6x | 28.7x | 7.1x |
| Fri, 10 Jan 2025 | UK£12.5b | UK£1.9b | UK£466.7m | 21.3x | 26.7x | 6.7x |
| Sun, 08 Dec 2024 | UK£13.6b | UK£1.9b | UK£458.5m | 23.4x | 29.6x | 7.3x |
| Tue, 05 Nov 2024 | UK£14.7b | UK£2.0b | -UK£310,026,907.27 | 28.9x | -47.4x | 7.4x |
| Thu, 03 Oct 2024 | UK£15.6b | UK£2.0b | -UK£319,312,966.60 | 28.7x | -48.7x | 7.8x |
| Sat, 31 Aug 2024 | UK£14.9b | UK£2.0b | -UK£280,705,727.30 | 28x | -53.1x | 7.5x |
| Mon, 29 Jul 2024 | UK£14.6b | UK£2.0b | -UK£280,710,850.37 | 27.7x | -51.9x | 7.3x |
| Wed, 26 Jun 2024 | UK£14.5b | UK£2.0b | -UK£274,900,260.13 | 26.8x | -52.6x | 7.3x |
| Fri, 24 May 2024 | UK£14.6b | UK£1.9b | -UK£1,832,598,553.91 | 14.3x | -8x | 7.5x |
| Sun, 21 Apr 2024 | UK£14.6b | UK£2.0b | -UK£2,341,675,952.74 | 19.7x | -6.2x | 7.3x |
| Tue, 19 Mar 2024 | UK£14.5b | UK£2.0b | -UK£2,718,350,628.97 | 20.2x | -5.3x | 7.2x |
| Thu, 15 Feb 2024 | UK£12.4b | UK£2.1b | -UK£2,898,303,349.16 | 20.2x | -4.3x | 5.8x |
| Sat, 13 Jan 2024 | UK£14.9b | UK£2.3b | -UK£2,791,305,632.00 | 9.3x | -5.4x | 6.6x |
| Mon, 11 Dec 2023 | UK£14.1b | UK£2.3b | -UK£2,774,686,284.00 | 8.8x | -5.1x | 6.2x |
| Wed, 08 Nov 2023 | UK£13.6b | UK£2.1b | -UK£2,717,646,807.00 | 9.8x | -5x | 6.6x |
| Fri, 06 Oct 2023 | UK£13.3b | UK£2.1b | -UK£2,706,665,185.00 | 10.6x | -4.9x | 6.4x |
| Sun, 03 Sep 2023 | UK£13.5b | UK£2.1b | -UK£1,873,021,503.00 | 6.1x | -7.2x | 6.6x |
| Tue, 01 Aug 2023 | UK£14.2b | UK£2.1b | -UK£1,873,029,281.00 | 6.1x | -7.6x | 6.9x |
| Thu, 29 Jun 2023 | UK£13.0b | UK£2.1b | -UK£1,899,092,128.00 | 4.8x | -6.9x | 6.3x |
| Sat, 27 May 2023 | UK£14.1b | UK£2.0b | -UK£1,253,551,305.00 | 5.7x | -11.3x | 7.2x |
-11.3x
How does U.K. Diversified REITs compare with similar industries?
| GB Market | 0.16% | |
| Real Estate | 0.44% | |
| REITS | 2.59% | |
| Diversified REITs | 2.59% | |
| Residential REITs | 2.23% | |
| Retail REITs | 0.34% | |
| Industrial REITs | 0.11% | |
| Specialized REITs | 0% | 0 |
| Office REITs | -0.032% | |
| Healthcare REITs | -0.96% | |
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 |