Narrative Update • Jun 26

The Office REITs is pretty flat in the last 7 days, but Globalworth Real Estate Investments has stood out, gaining 3.3%. In line with that, the industry has also been flat over the past 12 months. As for the next few years, earnings are expected to grow by 31% per annum.
Has the U.K. Office REITs Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 16 Aug 2026 | UK£5.6b | UK£1.2b | -UK£11,747,000.00 | 42.5x | -479.8x | 4.7x |
| Tue, 14 Jul 2026 | UK£5.5b | UK£1.2b | UK£146.6m | 14x | 37.3x | 4.5x |
| Thu, 11 Jun 2026 | UK£5.1b | UK£1.2b | UK£146.6m | 13x | 34.7x | 4.2x |
| Sat, 09 May 2026 | UK£5.0b | UK£1.2b | UK£201.1m | 12.2x | 24.8x | 4.2x |
| Mon, 06 Apr 2026 | UK£4.7b | UK£1.2b | UK£201.1m | 11.2x | 23.5x | 3.9x |
| Wed, 04 Mar 2026 | UK£5.2b | UK£1.2b | UK£172.6m | 10.8x | 30x | 4.3x |
| Fri, 30 Jan 2026 | UK£5.8b | UK£1.1b | UK£249.4m | 10x | 23.2x | 5.3x |
| Sun, 28 Dec 2025 | UK£5.2b | UK£1.1b | UK£249.4m | 9.1x | 20.8x | 4.8x |
| Tue, 25 Nov 2025 | UK£5.0b | UK£1.1b | UK£251.1m | 8.6x | 20.1x | 4.6x |
| Thu, 23 Oct 2025 | UK£5.6b | UK£1.1b | UK£303.2m | 12.1x | 18.5x | 5.2x |
| Sat, 20 Sep 2025 | UK£5.3b | UK£1.1b | UK£303.2m | 10.7x | 17.3x | 4.9x |
| Mon, 18 Aug 2025 | UK£5.5b | UK£1.1b | UK£210.6m | 11.2x | 26.3x | 5.1x |
| Wed, 16 Jul 2025 | UK£5.8b | UK£1.1b | UK£51.9m | 18.9x | 112.5x | 5.4x |
| Fri, 13 Jun 2025 | UK£5.9b | UK£1.1b | UK£51.9m | 19.3x | 114.4x | 5.5x |
| Sun, 11 May 2025 | UK£5.9b | UK£1.1b | -UK£260,152,000.00 | 19.3x | -22.8x | 5.2x |
| Tue, 08 Apr 2025 | UK£5.2b | UK£1.1b | -UK£260,152,000.00 | 16.8x | -19.8x | 4.6x |
| Thu, 06 Mar 2025 | UK£5.3b | UK£1.1b | -UK£428,992,000.00 | 17.1x | -12.4x | 4.7x |
| Sat, 01 Feb 2025 | UK£5.7b | UK£1.1b | -UK£895,458,000.00 | n/a | -6.4x | 5x |
| Mon, 30 Dec 2024 | UK£5.8b | UK£1.1b | -UK£895,458,000.00 | n/a | -6.5x | 5.1x |
| Wed, 27 Nov 2024 | UK£6.1b | UK£1.1b | -UK£993,212,000.00 | n/a | -6.1x | 5.4x |
| Fri, 25 Oct 2024 | UK£6.5b | UK£1.1b | -UK£1,434,412,000.00 | n/a | -4.6x | 6x |
| Sun, 22 Sep 2024 | UK£7.1b | UK£1.1b | -UK£1,434,412,000.00 | n/a | -4.9x | 6.5x |
| Tue, 20 Aug 2024 | UK£6.7b | UK£1.1b | -UK£1,379,222,000.00 | n/a | -4.9x | 6.1x |
| Thu, 18 Jul 2024 | UK£6.6b | UK£1.1b | -UK£1,537,922,000.00 | n/a | -4.3x | 6.1x |
| Sat, 15 Jun 2024 | UK£6.4b | UK£1.1b | -UK£1,537,922,000.00 | n/a | -4.2x | 5.9x |
| Mon, 13 May 2024 | UK£5.9b | UK£1.1b | -UK£1,574,847,000.00 | n/a | -3.8x | 5.6x |
| Wed, 10 Apr 2024 | UK£5.6b | UK£1.1b | -UK£1,574,847,000.00 | n/a | -3.5x | 5.3x |
| Fri, 08 Mar 2024 | UK£5.5b | UK£1.1b | -UK£1,587,934,000.00 | n/a | -3.5x | 5.3x |
| Sun, 04 Feb 2024 | UK£5.8b | UK£1.0b | -UK£1,670,534,000.00 | n/a | -3.5x | 5.6x |
| Tue, 02 Jan 2024 | UK£6.3b | UK£1.0b | -UK£1,670,534,000.00 | n/a | -3.8x | 6.1x |
| Thu, 30 Nov 2023 | UK£5.8b | UK£1.0b | -UK£1,670,534,000.00 | n/a | -3.4x | 5.5x |
| Sat, 28 Oct 2023 | UK£5.1b | UK£1.1b | -UK£1,209,706,000.00 | n/a | -4.3x | 4.9x |
| Mon, 25 Sep 2023 | UK£5.7b | UK£1.1b | -UK£1,209,706,000.00 | n/a | -4.7x | 5.4x |
| Wed, 23 Aug 2023 | UK£5.5b | UK£1.1b | -UK£1,111,635,000.00 | n/a | -5x | 5.3x |
-5x
How does U.K. Office REITs compare with similar industries?
| GB Market | -1.35% | |
| Real Estate | 0.078% | |
| REITS | 0.043% | |
| Office REITs | 0.21% | |
| Retail REITs | 0.76% | |
| Diversified REITs | 0.043% | |
| Specialized REITs | 0% | 0 |
| Healthcare REITs | -0.44% | |
| Residential REITs | -0.47% | |
| Industrial REITs | -0.72% | |
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| GWI Globalworth Real Estate Investments | €1.86 | 3.3% +€17.4m | -21.5% | PB0.4x | |
| GPE Great Portland Estates | UK£3.60 | 0.7% +UK£10.5m | 11.4% | PB0.7x | |
| WKP Workspace Group | UK£3.66 | 0.8% +UK£5.4m | -13.1% | PB0.5x | |
| PCA Palace Capital | UK£1.83 | 4.0% +UK£1.4m | -19.0% | PB0.7x | |
| HLCL Helical | UK£2.05 | 0.5% +UK£1.2m | -10.6% | PB0.6x |