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U.K. (FTSE) REITS Industry Analysis

UpdatedJul 01, 2026
DataAggregated Company Financials
Companies14
  • 7D2.9%
  • 3M9.2%
  • 1Y-0.1%
  • YTD1.9%

The REITS industry is up 3.2% in the last week, with Land Securities Group up 4.5%. Despite this gain, the industry's performance has been flat over the past year. As for the next few years, earnings are expected to grow by 9.0% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 01 Jul 2026UK£14.6bUK£2.3bUK£1.4b9.1x10.1x6.4x
Fri, 29 May 2026UK£14.4bUK£2.3bUK£1.4b8.9x10x6.4x
Sun, 26 Apr 2026UK£14.0bUK£2.3bUK£1.3b8.9x10.6x6.2x
Tue, 24 Mar 2026UK£11.3bUK£2.0bUK£1.1b9x9.9x5.7x
Thu, 19 Feb 2026UK£13.4bUK£2.0bUK£1.1b10.1x12x6.8x
Sat, 17 Jan 2026UK£13.1bUK£2.0bUK£1.1b9.8x11.7x6.7x
Mon, 15 Dec 2025UK£12.1bUK£2.0bUK£1.1b9x10.8x6.1x
Wed, 12 Nov 2025UK£13.0bUK£1.9bUK£1.1b10.2x11.4x6.9x
Fri, 10 Oct 2025UK£9.3bUK£1.6bUK£826.3m10.4x11.3x5.7x
Sun, 07 Sep 2025UK£8.7bUK£1.7bUK£810.9m10x10.8x5.3x
Tue, 05 Aug 2025UK£9.3bUK£1.7bUK£795.6m10.8x11.7x5.6x
Thu, 03 Jul 2025UK£14.2bUK£2.1bUK£1.1b11.3x12.5x6.9x
Sat, 31 May 2025UK£14.3bUK£2.1bUK£1.1b12x13.1x6.9x
Mon, 28 Apr 2025UK£13.5bUK£1.9bUK£471.8m22.7x28.7x7.3x
Wed, 26 Mar 2025UK£12.8bUK£1.9bUK£473.2m21.3x27.1x6.9x
Fri, 21 Feb 2025UK£13.2bUK£1.9bUK£461.0m21.9x28.7x7.1x
Sun, 19 Jan 2025UK£13.0bUK£1.9bUK£461.0m21.3x28.2x7x
Tue, 17 Dec 2024UK£13.1bUK£1.9bUK£458.5m23.7x28.6x7.1x
Thu, 14 Nov 2024UK£14.0bUK£2.0b-UK£297,083,222.1432.1x-47.2x7.1x
Sat, 12 Oct 2024UK£15.2bUK£2.0b-UK£319,677,083.3729.2x-47.5x7.6x
Mon, 09 Sep 2024UK£15.4bUK£2.0b-UK£280,713,387.4827.8x-54.8x7.7x
Wed, 07 Aug 2024UK£14.5bUK£2.0b-UK£280,761,526.2427.4x-51.5x7.3x
Fri, 05 Jul 2024UK£14.7bUK£2.0b-UK£253,375,386.2020.3x-57.8x7.3x
Sun, 02 Jun 2024UK£15.1bUK£2.0b-UK£690,867,536.2614.2x-21.9x7.7x
Tue, 30 Apr 2024UK£15.0bUK£2.0b-UK£2,175,142,402.3020.6x-6.9x7.5x
Thu, 28 Mar 2024UK£15.2bUK£2.0b-UK£2,717,788,875.7714.6x-5.6x7.6x
Sat, 24 Feb 2024UK£12.2bUK£2.1b-UK£2,886,402,685.5220x-4.2x5.8x
Mon, 22 Jan 2024UK£15.8bUK£2.4b-UK£2,672,189,368.0011.4x-5.9x6.6x
Wed, 20 Dec 2023UK£16.7bUK£2.4b-UK£2,655,615,719.0011.4x-6.3x7x
Fri, 17 Nov 2023UK£16.1bUK£2.3b-UK£2,609,558,909.0011.7x-6.2x6.9x
Sun, 15 Oct 2023UK£15.0bUK£2.2b-UK£2,587,568,192.0012.1x-5.8x6.9x
Tue, 12 Sep 2023UK£15.1bUK£2.2b-UK£1,758,716,434.007.5x-8.6x6.9x
Thu, 10 Aug 2023UK£18.3bUK£2.3b-UK£1,965,763,072.007.5x-9.3x8.1x
Sat, 08 Jul 2023UK£17.2bUK£2.3b-UK£1,991,498,021.006.1x-8.6x7.6x
Price to Earnings Ratio

-8.6x


Total Market Cap: UK£17.2bTotal Earnings: -UK£1,991,498,021.00Total Revenue: UK£2.3bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. REITS Industry Price to Earnings3Y Average -0.6x202420252026
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 10.1x which is higher than its 3-year average PE of -0.60x.
  • The industry is trading close to its 3-year average PS ratio of 6.8x.
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 Market0.55%
Real Estate5.90%
REITS2.88%
Industrial REITs11.86%
Retail REITs5.08%
Healthcare REITs4.24%
Office REITs3.89%
Diversified REITs2.88%
Residential REITs1.05%
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 21.4%, which is lower than the prior year's growth of 33.2% per year.
  • Investors are most pessimistic about the Diversified REITs industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average.
Forecasted Growth
  • Analysts are most optimistic on the Residential REITs industry, expecting annual earnings growth of 22% 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 6.0% 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£6.514.1%
+UK£189.7m		2.8%PB0.7x
BLND British LandUK£4.143.0%
+UK£122.9m		9.0%PB0.7x
SHC Shaftesbury CapitalUK£1.383.1%
+UK£75.0m		-12.7%PB0.6x
PCTN Picton Property IncomeUK£0.713.8%
+UK£13.3m		-11.6%PB0.7x
SERE Schroder European Real Estate Investment TrustUK£0.647.7%
+UK£6.0m		-8.8%PB0.6x

Latest News

PCTN
UK£0.71
Picton Property Income
7D
3.8%
1Y
-11.6%
BLND
UK£4.14
British Land
7D
3.0%
1Y
9.0%
SHC
UK£1.38
Shaftesbury Capital
7D
3.1%
1Y
-12.7%
SRE
UK£0.97
Sirius Real Estate
7D
-0.6%
1Y
-0.8%
SERE
UK£0.64
Schroder European Real Estate Investment Trust
7D
7.7%
1Y
-8.8%
LAND
UK£6.51
Land Securities Group
7D
4.1%
1Y
2.8%
Narrative Update • Jun 16

LAND: Future Returns Will Depend On London Leasing And Dividend Delivery

Narrative Update on Land Securities Group Analysts have trimmed the consensus price target for Land Securities Group by £0.05 to £7.05, reflecting updated views on discount rates, revenue trends, profit margins and future P/E assumptions following recent research from major banks. Analyst Commentary Recent research on Land Securities Group has been mixed, with some high profile banks adjusting price targets and ratings at the margin rather than making sweeping calls.
SREI
UK£0.46
Schroder Real Estate Investment Trust
7D
1.2%
1Y
-15.8%
CREI
UK£0.88
Custodian Property Income REIT
7D
0.9%
1Y
8.4%
AEWU
UK£1.04
AEW UK REIT
7D
1.4%
1Y
-5.1%