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U.K. (FTSE) Office REITs Industry Analysis

UpdatedJul 02, 2026
DataAggregated Company Financials
Companies8
  • 7D2.4%
  • 3M12.7%
  • 1Y-9.2%
  • YTDn/a

The Office REITs industry is up 3.9% in the last week, with Derwent London up 4.5%. In the same time, CLS Holdings was down 5.3%. In the past year, the industry is down 13%. Earnings are forecast to grow by 21% annually.

Industry Valuation and Performance

Has the U.K. Office REITs Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 02 Jul 2026UK£5.3bUK£1.2bUK£146.6m13.6x36.3x4.4x
Sat, 30 May 2026UK£5.0bUK£1.2bUK£191.0m12.4x26.3x4.1x
Mon, 27 Apr 2026UK£5.0bUK£1.2bUK£201.1m12.2x24.9x4.2x
Wed, 25 Mar 2026UK£4.6bUK£1.2bUK£179.2m9.7x25.6x3.8x
Fri, 20 Feb 2026UK£5.4bUK£1.1bUK£249.4m9.5x21.5x4.9x
Sun, 18 Jan 2026UK£5.6bUK£1.1bUK£249.4m9.4x22.5x5.2x
Tue, 16 Dec 2025UK£5.1bUK£1.1bUK£249.4m8.8x20.3x4.7x
Thu, 13 Nov 2025UK£5.5bUK£1.1bUK£303.2m11.8x18.2x5.1x
Sat, 11 Oct 2025UK£5.3bUK£1.1bUK£303.2m11x17.4x4.9x
Mon, 08 Sep 2025UK£5.3bUK£1.1bUK£283.9m10.4x18.7x4.9x
Wed, 06 Aug 2025UK£5.8bUK£1.1bUK£51.9m18.5x110.9x5.3x
Fri, 04 Jul 2025UK£5.9bUK£1.1bUK£51.9m19.4x113.9x5.4x
Sun, 01 Jun 2025UK£5.9bUK£1.1bUK£557.0k11.8x10524.9x5.4x
Tue, 29 Apr 2025UK£5.7bUK£1.1b-UK£260,152,000.0018.5x-21.7x5x
Thu, 27 Mar 2025UK£5.6bUK£1.1b-UK£373,352,000.0017.7x-15x4.9x
Sat, 22 Feb 2025UK£5.6bUK£1.1b-UK£895,458,000.00n/a-6.3x5x
Mon, 20 Jan 2025UK£5.7bUK£1.1b-UK£895,458,000.00n/a-6.4x5x
Wed, 18 Dec 2024UK£5.9bUK£1.1b-UK£895,458,000.00n/a-6.6x5.2x
Fri, 15 Nov 2024UK£6.1bUK£1.1b-UK£1,434,412,000.00n/a-4.3x5.6x
Sun, 13 Oct 2024UK£6.7bUK£1.1b-UK£1,434,412,000.00n/a-4.7x6.2x
Tue, 10 Sep 2024UK£6.9bUK£1.1b-UK£1,419,436,000.00n/a-4.8x6.3x
Thu, 08 Aug 2024UK£6.6bUK£1.1b-UK£1,537,922,000.00n/a-4.3x6.2x
Sat, 06 Jul 2024UK£6.5bUK£1.1b-UK£1,537,922,000.00n/a-4.2x6.1x
Mon, 03 Jun 2024UK£5.9bUK£1.1b-UK£1,566,922,000.00n/a-3.7x5.4x
Wed, 01 May 2024UK£5.6bUK£1.1b-UK£1,574,847,000.00n/a-3.5x5.3x
Fri, 29 Mar 2024UK£5.7bUK£1.1b-UK£1,574,847,000.00n/a-3.6x5.4x
Sun, 25 Feb 2024UK£5.5bUK£1.0b-UK£1,670,534,000.00n/a-3.3x5.3x
Tue, 23 Jan 2024UK£5.9bUK£1.0b-UK£1,670,534,000.00n/a-3.5x5.7x
Thu, 21 Dec 2023UK£6.4bUK£1.0b-UK£1,670,534,000.00n/a-3.8x6.1x
Sat, 18 Nov 2023UK£6.0bUK£1.1b-UK£1,376,506,000.00n/a-4.4x5.7x
Mon, 16 Oct 2023UK£5.3bUK£1.1b-UK£1,209,706,000.00n/a-4.4x5x
Wed, 13 Sep 2023UK£5.5bUK£1.1b-UK£1,169,319,000.00n/a-4.7x5.2x
Fri, 11 Aug 2023UK£6.1bUK£1.0b-UK£833,135,000.00n/a-7.3x5.8x
Sun, 09 Jul 2023UK£6.0bUK£1.0b-UK£710,735,000.00n/a-8.5x5.8x
Price to Earnings Ratio

-8.5x


Total Market Cap: UK£6.0bTotal Earnings: -UK£710,735,000.00Total Revenue: UK£1.0bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Office REITs Industry Price to Earnings3Y Average 152.3x202420252026
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 industry is trading at a PE ratio of 36.0x which is lower than its 3-year average PE of 152x.
  • The 3-year average PS ratio of 5.3x is higher than the industry's current PS ratio of 4.4x.
Past Earnings Growth
  • Total earnings for the Office REITs industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 5.2% per year.
  • This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.

Industry Comparison

How does U.K. Office REITs compare with similar industries?

GB Market0.24%
Real Estate0.39%
REITS-0.72%
Office REITs2.42%
Industrial REITs0.90%
Retail REITs0.89%
Healthcare REITs0.35%
Specialized REITs0%0
Residential REITs-0.52%
Diversified REITs-0.72%
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?

CompanyLast Price7D1YValuation
DLN Derwent LondonUK£19.583.5%
+UK£74.1m		-1.7%PB0.6x
GPE Great Portland EstatesUK£3.332.1%
+UK£28.2m		-2.1%PB0.6x
WKP Workspace GroupUK£3.452.1%
+UK£13.5m		-15.4%PB0.5x
GWI Globalworth Real Estate Investments€1.752.6%
+€13.1m		-26.4%PB0.3x
RGL Regional REITUK£0.942.4%
+UK£3.6m		-24.4%PB0.5x

Latest News

CLI
UK£0.47
CLS Holdings
7D
-1.0%
1Y
-30.7%
WKP
UK£3.45
Workspace Group
7D
2.1%
1Y
-15.4%
Narrative Update • Jun 26

WKP: Lower Revenue Outlook And Saba Campaign Will Shape Future Returns

The analyst price target for Workspace Group has been revised lower by £0.41 per share to £4.10. This reflects updated views on a lower fair value estimate, a higher discount rate, and softer revenue and margin assumptions cited across recent research.
RGL
UK£0.94
Regional REIT
7D
2.4%
1Y
-24.4%
Narrative Update • Jun 26

RGL: New Long-Term Nottingham Leases Will Drive Future Income Recovery

Analysts have trimmed their price target on Regional REIT to £1.05 from £1.30, citing revised assumptions for discount rates, revenue trends, profit margin expectations, and future P/E levels. What's in the News for Regional REIT Regional REIT completed two new leases for a total of 146,262 sq.
GPE
UK£3.33
Great Portland Estates
7D
2.1%
1Y
-2.1%
PCA
UK£1.69
Palace Capital
7D
3.0%
1Y
-24.6%
HLCL
UK£1.87
Helical
7D
-2.3%
1Y
-15.6%
DLN
UK£19.58
Derwent London
7D
3.5%
1Y
-1.7%
GWI
€1.75
Globalworth Real Estate Investments
7D
2.6%
1Y
-26.4%