Narrative Update • Jun 16
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U.K. (FTSE) REITS Industry Analysis
UpdatedJul 09, 2026
DataAggregated Company Financials
Companies14
- 7D0.1%
- 3M5.6%
- 1Y4.5%
- YTD2.1%
Over the last 7 days, the REITS industry has remained flat. As for the the longer term, the industry is up 4.5% over the past 12 months. Earnings are forecast to grow by 9.0% annually.
Industry Valuation and Performance
Has the U.K. REITS Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 09 Jul 2026 | UK£14.6b | UK£2.3b | UK£1.4b | 9.2x | 10.2x | 6.4x |
| Sat, 06 Jun 2026 | UK£14.1b | UK£2.3b | UK£1.5b | 8.6x | 9.6x | 6.2x |
| Mon, 04 May 2026 | UK£13.8b | UK£2.2b | UK£1.3b | 8.8x | 10.3x | 6.2x |
| Wed, 01 Apr 2026 | UK£11.4b | UK£2.0b | UK£1.1b | 8.2x | 10x | 5.8x |
| Fri, 27 Feb 2026 | UK£13.4b | UK£2.0b | UK£1.1b | 10.1x | 11.7x | 6.8x |
| Sun, 25 Jan 2026 | UK£13.0b | UK£2.0b | UK£1.1b | 9.8x | 11.6x | 6.6x |
| Tue, 23 Dec 2025 | UK£12.5b | UK£2.0b | UK£1.1b | 9x | 11.2x | 6.3x |
| Thu, 20 Nov 2025 | UK£12.2b | UK£1.9b | UK£997.4m | 9.4x | 12.2x | 6.3x |
| Sat, 18 Oct 2025 | UK£9.8b | UK£1.6b | UK£826.2m | 10.8x | 11.9x | 6x |
| Mon, 15 Sep 2025 | UK£8.8b | UK£1.7b | UK£810.9m | 10x | 10.9x | 5.3x |
| Wed, 13 Aug 2025 | UK£9.1b | UK£1.7b | UK£795.6m | 10.6x | 11.5x | 5.5x |
| Fri, 11 Jul 2025 | UK£13.9b | UK£2.1b | UK£1.1b | 11.1x | 12.1x | 6.7x |
| Sun, 08 Jun 2025 | UK£14.1b | UK£2.1b | UK£1.1b | 11.7x | 13x | 6.9x |
| Tue, 06 May 2025 | UK£13.9b | UK£1.8b | UK£451.3m | 22.8x | 30.8x | 7.5x |
| Thu, 03 Apr 2025 | UK£13.0b | UK£1.9b | UK£471.7m | 21.6x | 27.5x | 7x |
| Sat, 01 Mar 2025 | UK£13.1b | UK£1.9b | UK£461.0m | 22.4x | 28.5x | 7.1x |
| Mon, 27 Jan 2025 | UK£12.7b | UK£1.9b | UK£461.0m | 21x | 27.5x | 6.8x |
| Wed, 25 Dec 2024 | UK£12.9b | UK£1.9b | UK£458.5m | 23.6x | 28.2x | 7x |
| Fri, 22 Nov 2024 | UK£13.6b | UK£1.9b | UK£176.0m | 36.7x | 77.1x | 7.1x |
| Sun, 20 Oct 2024 | UK£15.3b | UK£2.0b | -UK£310,007,160.24 | 29.7x | -49.4x | 7.7x |
| Tue, 17 Sep 2024 | UK£15.9b | UK£2.0b | -UK£302,755,593.90 | 28.4x | -52.7x | 8x |
| Thu, 15 Aug 2024 | UK£14.8b | UK£2.0b | -UK£280,755,517.05 | 27.9x | -52.6x | 7.4x |
| Sat, 13 Jul 2024 | UK£14.9b | UK£2.0b | -UK£257,787,151.51 | 27.7x | -57.9x | 7.5x |
| Mon, 10 Jun 2024 | UK£14.9b | UK£2.0b | -UK£333,313,624.49 | 27.2x | -44.7x | 7.5x |
| Wed, 08 May 2024 | UK£15.7b | UK£2.0b | -UK£2,091,967,826.76 | 20.3x | -7.5x | 7.8x |
| Fri, 05 Apr 2024 | UK£15.0b | UK£2.0b | -UK£2,717,798,051.76 | 14.6x | -5.5x | 7.5x |
| Sun, 03 Mar 2024 | UK£12.2b | UK£2.1b | -UK£2,878,471,514.24 | 19.6x | -4.2x | 5.8x |
| Tue, 30 Jan 2024 | UK£16.2b | UK£2.4b | -UK£2,672,136,920.00 | 11.4x | -6.1x | 6.8x |
| Thu, 28 Dec 2023 | UK£16.8b | UK£2.4b | -UK£2,633,216,740.00 | 11.3x | -6.4x | 7.1x |
| Sat, 25 Nov 2023 | UK£15.8b | UK£2.3b | -UK£2,608,725,602.00 | 11.5x | -6.1x | 6.7x |
| Mon, 23 Oct 2023 | UK£14.6b | UK£2.2b | -UK£2,598,555,294.00 | 11.8x | -5.6x | 6.7x |
| Wed, 20 Sep 2023 | UK£14.9b | UK£2.2b | -UK£1,856,895,862.00 | 7.5x | -8x | 6.9x |
| Fri, 18 Aug 2023 | UK£15.0b | UK£2.2b | -UK£1,753,902,754.00 | 7.5x | -8.6x | 6.9x |
| Sun, 16 Jul 2023 | UK£17.9b | UK£2.3b | -UK£1,976,559,068.00 | 6.1x | -9.1x | 7.9x |
Price to Earnings Ratio
-9.1x
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 10.2x which is higher than its 3-year average PE of -0.45x.
- 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 Market | -0.23% | |
| Real Estate | -1.23% | |
| REITS | 0.12% | |
| Diversified REITs | 0.12% | |
| Specialized REITs | 0% | 0 |
| Office REITs | -0.54% | |
| Retail REITs | -1.27% | |
| Residential REITs | -1.28% | |
| Industrial REITs | -2.07% | |
| Healthcare REITs | -2.08% | |
Industry PE
- Investors are most optimistic about the Office REITs industry even though it's trading below its 3-year average PE ratio of 153x.
- Analysts are expecting annual earnings growth of 21.2%, 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 6.1% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| LAND Land Securities Group | UK£6.58 | 0.5% +UK£22.2m | 13.4% | PB0.7x | |
| BLND British Land | UK£4.19 | 0.3% +UK£12.3m | 19.1% | PB0.7x | |
| CREI Custodian Property Income REIT | UK£0.90 | 1.2% +UK£5.4m | 10.3% | PB0.9x | |
| AEWU AEW UK REIT | UK£1.09 | 3.0% +UK£5.1m | -1.3% | PB1x | |
| SERE Schroder European Real Estate Investment Trust | UK£0.66 | 5.4% +UK£4.5m | -3.8% | PB0.7x |