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U.K. (FTSE) REITS Industry Analysis

UpdatedMay 28, 2026
DataAggregated Company Financials
Companies14
  • 7D3.2%
  • 3M-5.3%
  • 1Y0.7%
  • YTD0.7%

British Land is up 5.0%, leading the way for the REITS industry, which has gained 3.2%. Despite this gain, the industry's performance has been flat over the past year. Earnings are forecast to grow by 8.1% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 28 May 2026UK£14.4bUK£2.3bUK£1.4b8.9x10x6.4x
Sat, 25 Apr 2026UK£13.9bUK£2.3bUK£1.3b8.8x10.6x6.2x
Mon, 23 Mar 2026UK£11.5bUK£2.0bUK£1.1b9.2x10.1x5.8x
Wed, 18 Feb 2026UK£13.4bUK£2.0bUK£1.1b10.1x12x6.8x
Fri, 16 Jan 2026UK£13.0bUK£2.0bUK£1.1b9.9x11.6x6.6x
Sun, 14 Dec 2025UK£12.1bUK£2.0bUK£1.1b9x10.8x6.1x
Tue, 11 Nov 2025UK£12.9bUK£1.9bUK£1.1b10.1x11.3x6.9x
Thu, 09 Oct 2025UK£9.3bUK£1.6bUK£826.2m10.3x11.2x5.7x
Sat, 06 Sep 2025UK£8.7bUK£1.7bUK£810.9m10x10.8x5.3x
Mon, 04 Aug 2025UK£9.2bUK£1.7bUK£795.7m10.7x11.6x5.5x
Wed, 02 Jul 2025UK£14.7bUK£2.1bUK£1.1b11.7x12.9x7.1x
Fri, 30 May 2025UK£14.3bUK£2.1bUK£1.1b11.9x13.1x6.9x
Sun, 27 Apr 2025UK£13.5bUK£1.9bUK£471.8m22.7x28.7x7.3x
Tue, 25 Mar 2025UK£12.9bUK£1.9bUK£463.8m21.3x27.7x6.9x
Thu, 20 Feb 2025UK£13.4bUK£1.9bUK£461.0m21.8x29x7.2x
Sat, 18 Jan 2025UK£13.0bUK£1.9bUK£461.0m21.3x28.2x7x
Mon, 16 Dec 2024UK£13.3bUK£1.9bUK£458.5m23.7x29x7.2x
Wed, 13 Nov 2024UK£14.3bUK£2.0b-UK£310,007,621.1028.2x-46x7.2x
Fri, 11 Oct 2024UK£15.1bUK£2.0b-UK£319,678,138.5929.1x-47.2x7.6x
Sun, 08 Sep 2024UK£15.4bUK£2.0b-UK£280,713,387.4827.8x-54.8x7.7x
Tue, 06 Aug 2024UK£14.5bUK£2.0b-UK£280,755,502.8627.5x-51.5x7.3x
Thu, 04 Jul 2024UK£14.6bUK£2.0b-UK£253,371,495.7820.3x-57.7x7.3x
Sat, 01 Jun 2024UK£15.1bUK£2.0b-UK£690,867,536.2614.2x-21.9x7.7x
Mon, 29 Apr 2024UK£15.0bUK£2.0b-UK£2,175,165,160.5920x-6.9x7.5x
Wed, 27 Mar 2024UK£15.2bUK£2.0b-UK£2,717,801,096.5514.6x-5.6x7.6x
Fri, 23 Feb 2024UK£12.3bUK£2.1b-UK£2,886,408,370.9620x-4.3x5.8x
Sun, 21 Jan 2024UK£15.8bUK£2.4b-UK£2,672,189,368.0011.4x-5.9x6.6x
Tue, 19 Dec 2023UK£16.7bUK£2.4b-UK£2,655,650,078.0011.4x-6.3x7x
Thu, 16 Nov 2023UK£16.1bUK£2.3b-UK£2,609,552,775.0011.7x-6.2x6.9x
Sat, 14 Oct 2023UK£15.0bUK£2.2b-UK£2,587,562,006.0012.1x-5.8x6.9x
Mon, 11 Sep 2023UK£15.0bUK£2.2b-UK£1,758,724,418.007.5x-8.5x6.9x
Wed, 09 Aug 2023UK£18.3bUK£2.3b-UK£1,965,747,152.007.5x-9.3x8.1x
Fri, 07 Jul 2023UK£17.2bUK£2.3b-UK£1,991,645,441.006.1x-8.7x7.6x
Sun, 04 Jun 2023UK£18.8bUK£2.2b-UK£1,346,224,768.006.8x-14x8.6x
Price to Earnings Ratio

-14x


Total Market Cap: UK£18.8bTotal Earnings: -UK£1,346,224,768.00Total Revenue: UK£2.2bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. REITS Industry Price to Earnings3Y Average -1.2x202420252026
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 -1.2x.
  • 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 Market0.93%
Real Estate2.21%
REITS3.16%
Diversified REITs3.16%
Office REITs3.12%
Retail REITs2.96%
Industrial REITs2.12%
Healthcare REITs1.34%
Residential REITs1.28%
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 151x.
    • Analysts are expecting annual earnings growth of 22.2%, 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 51.6x.
Forecasted Growth
  • Analysts are most optimistic on the Residential REITs industry, expecting annual earnings growth of 23% 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 6.4% 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
BLND British LandUK£4.065.0%
+UK£196.7m		3.9%PB0.7x
LAND Land Securities GroupUK£6.384.2%
+UK£193.5m		2.1%PB0.7x
SHC Shaftesbury CapitalUK£1.352.8%
+UK£67.7m		-7.1%PB0.6x
CREI Custodian Property Income REITUK£0.872.4%
+UK£9.7m		7.4%PB0.9x
SREI Schroder Real Estate Investment TrustUK£0.491.4%
+UK£3.2m		-5.4%PB0.8x

Latest News

SRE
UK£0.99
Sirius Real Estate
7D
-1.4%
1Y
5.3%
BLND
UK£4.06
British Land
7D
5.0%
1Y
3.9%
LAND
UK£6.38
Land Securities Group
7D
4.2%
1Y
2.1%
SHC
UK£1.35
Shaftesbury Capital
7D
2.8%
1Y
-7.1%
TOWN
UK£1.14
Town Centre Securities
7D
-8.5%
1Y
-20.1%
AIRE
UK£0.70
Alternative Income REIT
7D
0.3%
1Y
-2.8%
PCTN
UK£0.73
Picton Property Income
7D
0.3%
1Y
-4.4%
API
UK£0.02
abrdn Property Income Trust
7D
-0.5%
1Y
-61.8%
RLE
UK£0.31
Real Estate Investors
7D
-2.8%
1Y
-5.8%
GRIO
UK£0.18
Ground Rents Income Fund
7D
1.4%
1Y
-32.4%
AEWU
UK£1.05
AEW UK REIT
7D
-0.2%
1Y
4.6%
CREI
UK£0.87
Custodian Property Income REIT
7D
2.4%
1Y
7.4%
SERE
UK£0.61
Schroder European Real Estate Investment Trust
7D
-2.9%
1Y
-8.7%
SREI
UK£0.49
Schroder Real Estate Investment Trust
7D
1.4%
1Y
-5.4%