U.K. (FTSE) Office REITs Industry Analysis
UpdatedMay 28, 2023
DataAggregated Company Financials
Companies6
- 7D-0.3%
- 3M-11.8%
- 1Y-32.9%
- YTD-10.1%
Last week, the Office REITs industry hasn't moved much but Workspace Group is up 5.9% in that time. Unfortunately though, the industry is down 32% over the past 12 months. As for the next few years, earnings are expected to grow by 89% per annum.
Industry Valuation and Performance
Has the U.K. Office REITs Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 28 May 2023 | UK£6.1b | UK£949.1m | -UK£646,224,000.00 | n/a | -9.4x | 6.4x |
| Tue, 25 Apr 2023 | UK£6.4b | UK£964.2m | -UK£269,824,000.00 | 38.1x | -23.6x | 6.6x |
| Thu, 23 Mar 2023 | UK£6.2b | UK£914.6m | -UK£164,808,000.00 | 7.6x | -37.8x | 6.8x |
| Sat, 18 Feb 2023 | UK£6.9b | UK£941.7m | UK£676.7m | 8.8x | 10.2x | 7.3x |
| Mon, 16 Jan 2023 | UK£7.0b | UK£941.7m | UK£676.7m | 9.5x | 10.3x | 7.4x |
| Wed, 14 Dec 2022 | UK£6.0b | UK£801.3m | UK£548.7m | 10x | 10.9x | 7.5x |
| Fri, 11 Nov 2022 | UK£6.4b | UK£785.8m | UK£665.1m | 8.5x | 9.6x | 8.1x |
| Sun, 09 Oct 2022 | UK£5.3b | UK£785.8m | UK£665.1m | 8.2x | 7.9x | 6.7x |
| Tue, 06 Sep 2022 | UK£6.3b | UK£776.8m | UK£654.8m | 10.1x | 9.6x | 8.1x |
| Thu, 04 Aug 2022 | UK£7.4b | UK£763.1m | UK£619.6m | 12.6x | 11.9x | 9.6x |
| Sat, 02 Jul 2022 | UK£7.0b | UK£763.1m | UK£619.6m | 11.5x | 11.3x | 9.2x |
| Mon, 30 May 2022 | UK£8.3b | UK£816.8m | UK£387.9m | 15.2x | 21.5x | 10.2x |
| Wed, 27 Apr 2022 | UK£8.5b | UK£787.4m | UK£235.8m | 18.1x | 35.8x | 10.7x |
| Fri, 25 Mar 2022 | UK£8.4b | UK£793.0m | UK£221.0m | 27x | 38x | 10.6x |
| Sun, 20 Feb 2022 | UK£8.7b | UK£817.6m | -UK£12,393,000.00 | 68.8x | -704.4x | 10.7x |
| Tue, 18 Jan 2022 | UK£9.6b | UK£817.6m | -UK£12,393,000.00 | 75.7x | -777.3x | 11.8x |
| Thu, 16 Dec 2021 | UK£8.9b | UK£817.6m | -UK£12,393,000.00 | 72.2x | -721.9x | 10.9x |
| Sat, 13 Nov 2021 | UK£9.3b | UK£828.4m | -UK£373,653,000.00 | 74.2x | -24.8x | 11.2x |
| Mon, 11 Oct 2021 | UK£9.2b | UK£828.4m | -UK£373,653,000.00 | 72.2x | -24.7x | 11.1x |
| Wed, 08 Sep 2021 | UK£9.7b | UK£828.6m | -UK£373,653,000.00 | 80.2x | -26x | 11.7x |
| Fri, 06 Aug 2021 | UK£9.9b | UK£829.2m | -UK£418,627,000.00 | 92.2x | -23.6x | 11.9x |
| Mon, 10 May 2021 | UK£9.2b | UK£832.9m | -UK£514,035,000.00 | n/a | -17.8x | 11x |
| Sun, 31 Jan 2021 | UK£8.6b | UK£844.7m | -UK£533,232,500.00 | n/a | -16.1x | 10.2x |
| Wed, 04 Nov 2020 | UK£7.1b | UK£830.7m | -UK£287,998,000.00 | 271.5x | -24.6x | 8.5x |
| Sat, 08 Aug 2020 | UK£7.6b | UK£832.7m | UK£97.8m | 23.7x | 77.3x | 9.1x |
Price to Earnings Ratio
17.5x
Current Industry PE
- Investors are pessimistic on the British Office REITs industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The 3-year average PS ratio of 9.9x is higher than the industry's current PS ratio of 6.3x.
Past Earnings Growth
- Total earnings for the Office REITs industry have declined over the last three years, with the industry now making a loss overall.
- Meanwhile revenues have grown 4.3% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Comparison
How does U.K. Office REITs compare with similar industries?
| GB Market | -1.74% | |
| Real Estate | -2.49% | |
| REITS | -1.61% | |
| Office REITs | -0.34% | |
| Specialized REITs | 0% | |
| Hotel and Resort REITs | 0% | |
| Retail REITs | -0.12% | |
| Residential REITs | -1.98% | |
| Diversified REITs | -2.78% | |
| Industrial REITs | -3.51% | |
| Healthcare REITs | -5.25% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| WKP Workspace Group | UK£4.99 | 4.4% +UK£40.6m | -30.4% | PB0.5x | |
| CLI CLS Holdings | UK£1.39 | 4.8% +UK£25.4m | -39.6% | PB0.5x |