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U.K. (FTSE) REITS Industry Analysis

UpdatedJun 14, 2026
DataAggregated Company Financials
Companies14
  • 7D3.9%
  • 3M6.8%
  • 1Y3.0%
  • YTD2.5%

In the last week, the REITS industry is up 3.9%, with Land Securities Group leading the way, up 4.7%. This takes the industry's 12 month performance to a gain of 3.0%. Earnings are forecast to grow by 9.6% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 14 Jun 2026UK£14.7bUK£2.3bUK£1.5b8.9x10x6.4x
Tue, 12 May 2026UK£13.7bUK£2.2bUK£1.3b8.8x10.2x6.1x
Thu, 09 Apr 2026UK£13.8bUK£2.3bUK£1.3b8.7x10.5x6.1x
Sat, 07 Mar 2026UK£12.4bUK£2.0bUK£1.1b9.5x10.9x6.3x
Mon, 02 Feb 2026UK£13.1bUK£2.0bUK£1.1b9.8x11.8x6.7x
Wed, 31 Dec 2025UK£12.8bUK£2.0bUK£1.1b9.1x11.4x6.5x
Fri, 28 Nov 2025UK£12.7bUK£2.0bUK£1.1b9.7x11.6x6.4x
Sun, 26 Oct 2025UK£10.2bUK£1.6bUK£823.1m11.2x12.4x6.2x
Tue, 23 Sep 2025UK£9.0bUK£1.7bUK£811.0m10.3x11.2x5.4x
Thu, 21 Aug 2025UK£9.2bUK£1.7bUK£810.9m10.4x11.3x5.5x
Sat, 19 Jul 2025UK£9.4bUK£1.7bUK£795.6m11x11.8x5.6x
Mon, 16 Jun 2025UK£14.1bUK£2.1bUK£1.1b11.6x12.3x6.8x
Wed, 14 May 2025UK£13.6bUK£1.8bUK£451.3m21.9x30.2x7.4x
Fri, 11 Apr 2025UK£12.4bUK£1.9bUK£471.8m19.9x26.2x6.7x
Sun, 09 Mar 2025UK£12.6bUK£1.9bUK£461.0m21.4x27.3x6.8x
Tue, 04 Feb 2025UK£13.3bUK£1.9bUK£461.0m21.9x28.9x7.2x
Thu, 02 Jan 2025UK£13.0bUK£1.9bUK£466.7m22.1x27.9x7x
Sat, 30 Nov 2024UK£14.0bUK£1.8bUK£438.0m23.1x31.9x7.6x
Mon, 28 Oct 2024UK£14.8bUK£2.0b-UK£310,007,241.6429.2x-47.8x7.4x
Wed, 25 Sep 2024UK£15.5bUK£2.0b-UK£305,121,001.6428.2x-50.9x7.8x
Fri, 23 Aug 2024UK£14.9bUK£2.0b-UK£280,726,525.6928.3x-53x7.5x
Sun, 21 Jul 2024UK£14.8bUK£2.0b-UK£257,794,835.9127.5x-57.2x7.4x
Tue, 18 Jun 2024UK£14.5bUK£2.0b-UK£280,375,404.5726.4x-51.8x7.3x
Thu, 16 May 2024UK£16.2bUK£2.0b-UK£2,091,950,070.4920.6x-7.7x8.1x
Sat, 13 Apr 2024UK£14.7bUK£2.0b-UK£2,717,771,525.9814.6x-5.4x7.3x
Mon, 11 Mar 2024UK£14.6bUK£2.0b-UK£2,718,322,800.0619.7x-5.4x7.3x
Wed, 07 Feb 2024UK£12.8bUK£2.1b-UK£2,898,300,161.5520.2x-4.4x6x
Fri, 05 Jan 2024UK£16.6bUK£2.4b-UK£2,672,242,344.0011.4x-6.2x6.9x
Sun, 03 Dec 2023UK£15.6bUK£2.4b-UK£2,662,559,022.0011.3x-5.9x6.5x
Tue, 31 Oct 2023UK£14.5bUK£2.2b-UK£2,598,562,163.0011.7x-5.6x6.6x
Thu, 28 Sep 2023UK£15.0bUK£2.2b-UK£1,866,024,588.0010.7x-8x6.9x
Sat, 26 Aug 2023UK£15.0bUK£2.2b-UK£1,753,935,056.007.5x-8.5x6.9x
Mon, 24 Jul 2023UK£18.6bUK£2.3b-UK£1,965,773,884.007.5x-9.5x8.2x
Wed, 21 Jun 2023UK£18.0bUK£2.3b-UK£1,932,077,653.006.3x-9.3x7.9x
Price to Earnings Ratio

-9.3x


Total Market Cap: UK£18.0bTotal Earnings: -UK£1,932,077,653.00Total Revenue: UK£2.3bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. REITS Industry Price to Earnings3Y Average -0.9x202420252026
Current Industry PE
  • Investors are pessimistic on the British 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 10.0x which is higher than its 3-year average PE of -0.89x.
  • The industry is trading close to its 3-year average PS ratio of 6.9x.
Past Earnings Growth
  • Total earnings for the REITs industry have gone up over the last three years, and the industry is now profitable.
  • Revenues have remained mostly flat. This means that the industry has become more efficient since profits are increasing while sales have been flat.

Industry Trends

Which industries have driven the changes within the U.K. Real Estate industry?

GB Market1.05%
Real Estate4.28%
REITS3.88%
Residential REITs5.50%
Industrial REITs5.31%
Office REITs4.88%
Diversified REITs3.88%
Retail REITs3.40%
Healthcare REITs2.91%
Specialized REITs0%0
Industry PE
  • Investors are most optimistic about the Office REITs industry even though it's trading below its 3-year average PE ratio of 152x.
    • Analysts are expecting annual earnings growth of 20.4%, which is lower than the prior year's growth of 33.2% per year.
  • Investors are most pessimistic about the Retail REITs industry, which is trading below its 3-year average of 52.3x.
Forecasted Growth
  • Analysts are most optimistic on the Residential REITs industry, expecting annual earnings growth of 24% over the next 5 years.
  • This is better than its past earnings decline of 28% per year.
  • In contrast, the Retail REITs industry is expected to see its earnings grow by 6.5% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
LAND Land Securities GroupUK£6.574.7%
+UK£219.5m		6.7%PB0.7x
BLND British LandUK£4.184.8%
+UK£194.6m		8.1%PB0.7x
SHC Shaftesbury CapitalUK£1.364.1%
+UK£98.7m		-6.9%PB0.6x
SRE Sirius Real EstateUK£0.981.6%
+UK£24.5m		4.9%PB0.9x
CREI Custodian Property Income REITUK£0.890.9%
+UK£3.9m		10.0%PB0.9x

Latest News

SREI
UK£0.47
Schroder Real Estate Investment Trust
7D
-0.2%
1Y
-12.6%
SRE
UK£0.98
Sirius Real Estate
7D
1.6%
1Y
4.9%
Narrative Update • Jun 13

SRE: Defence-Linked Acquisitions And Firmer Margins Will Support Future Resilience

Narrative update The latest analyst work on Sirius Real Estate points to a small reduction in the average price target of £0.01. Analysts are factoring in softer revenue expectations alongside slightly firmer margins and updated P/E assumptions, following a recent target cut at Berenberg and a bullish initiation at Oddo BHF.
CREI
UK£0.89
Custodian Property Income REIT
7D
0.9%
1Y
10.0%
BLND
UK£4.18
British Land
7D
4.8%
1Y
8.1%
LAND
UK£6.57
Land Securities Group
7D
4.7%
1Y
6.7%
AEWU
UK£1.07
AEW UK REIT
7D
1.1%
1Y
2.9%
SERE
UK£0.60
Schroder European Real Estate Investment Trust
7D
2.0%
1Y
-11.0%
SHC
UK£1.36
Shaftesbury Capital
7D
4.1%
1Y
-6.9%
TOWN
UK£1.15
Town Centre Securities
7D
2.7%
1Y
-11.5%
API
UK£0.018
abrdn Property Income Trust
7D
-2.7%
1Y
-65.8%