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U.K. (FTSE) REITS Industry Analysis
UpdatedOct 18, 2024
DataAggregated Company Financials
Companies14
- 7D2.8%
- 3M5.0%
- 1Y26.1%
- YTD3.5%
In the last week, the REITS industry is up 2.8%, with Land Securities Group leading the way, up 4.1%. This takes the industry's 12 month performance to a gain of 24%. Looking forward, earnings are forecast to grow by 34% 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 |
|---|---|---|---|---|---|---|
| Fri, 18 Oct 2024 | UK£15.5b | UK£2.0b | -UK£310,004,964.80 | 30x | -50x | 7.8x |
| Sun, 15 Sep 2024 | UK£15.9b | UK£2.0b | -UK£302,760,887.89 | 28.4x | -52.4x | 8x |
| Tue, 13 Aug 2024 | UK£14.5b | UK£2.0b | -UK£280,747,532.48 | 27.7x | -51.5x | 7.3x |
| Thu, 11 Jul 2024 | UK£14.7b | UK£2.0b | -UK£257,796,267.80 | 27.1x | -56.9x | 7.4x |
| Sat, 08 Jun 2024 | UK£14.9b | UK£2.0b | -UK£333,316,458.31 | 27.2x | -44.7x | 7.5x |
| Mon, 06 May 2024 | UK£15.4b | UK£2.0b | -UK£2,091,949,322.37 | 20.3x | -7.3x | 7.7x |
| Wed, 03 Apr 2024 | UK£14.9b | UK£2.0b | -UK£2,717,784,598.75 | 14.6x | -5.5x | 7.4x |
| Fri, 01 Mar 2024 | UK£12.0b | UK£2.1b | -UK£2,878,471,565.93 | 19.1x | -4.2x | 5.7x |
| Sun, 28 Jan 2024 | UK£16.1b | UK£2.4b | -UK£2,672,160,542.00 | 11.4x | -6x | 6.7x |
| Tue, 26 Dec 2023 | UK£16.8b | UK£2.4b | -UK£2,633,207,684.00 | 11.3x | -6.4x | 7x |
| Thu, 23 Nov 2023 | UK£16.2b | UK£2.3b | -UK£2,608,767,538.00 | 11.3x | -6.2x | 6.9x |
| Sat, 21 Oct 2023 | UK£14.6b | UK£2.2b | -UK£2,598,560,327.00 | 11.8x | -5.6x | 6.7x |
| Mon, 18 Sep 2023 | UK£15.2b | UK£2.2b | -UK£1,856,888,007.00 | 7.5x | -8.2x | 7x |
| Wed, 16 Aug 2023 | UK£17.7b | UK£2.3b | -UK£1,155,231,253.00 | 6.1x | -15.3x | 7.7x |
| Fri, 14 Jul 2023 | UK£18.0b | UK£2.3b | -UK£1,991,168,290.00 | 6.1x | -9x | 7.9x |
| Sun, 11 Jun 2023 | UK£18.6b | UK£2.3b | -UK£1,806,324,839.00 | 6.8x | -10.3x | 8.2x |
| Tue, 09 May 2023 | UK£19.4b | UK£2.2b | UK£1.5b | 6.7x | 13.1x | 8.9x |
| Thu, 06 Apr 2023 | UK£18.7b | UK£2.2b | UK£1.9b | 6.3x | 9.8x | 8.6x |
| Sat, 04 Mar 2023 | UK£58.1b | UK£6.1b | UK£2.1b | 6.7x | 27.2x | 9.4x |
| Mon, 30 Jan 2023 | UK£60.0b | UK£6.1b | UK£11.1b | 6.9x | 5.4x | 9.8x |
| Wed, 28 Dec 2022 | UK£54.8b | UK£6.0b | UK£11.0b | 6.6x | 5x | 9.2x |
| Fri, 25 Nov 2022 | UK£58.0b | UK£5.9b | UK£11.5b | 6.8x | 5x | 9.8x |
| Sun, 23 Oct 2022 | UK£51.5b | UK£5.7b | UK£13.5b | 4.5x | 3.8x | 9x |
| Tue, 20 Sep 2022 | UK£61.6b | UK£5.7b | UK£13.2b | 6.2x | 4.7x | 10.9x |
| Thu, 18 Aug 2022 | UK£69.1b | UK£5.7b | UK£13.2b | 6.3x | 5.2x | 12.2x |
| Sat, 16 Jul 2022 | UK£67.7b | UK£5.5b | UK£12.2b | 7.3x | 5.5x | 12.3x |
| Mon, 13 Jun 2022 | UK£69.3b | UK£5.5b | UK£12.0b | 8x | 5.8x | 12.6x |
| Wed, 11 May 2022 | UK£68.4b | UK£5.3b | UK£8.1b | 9.5x | 8.5x | 12.8x |
| Fri, 08 Apr 2022 | UK£78.1b | UK£5.4b | UK£7.8b | 10.4x | 10x | 14.6x |
| Sun, 06 Mar 2022 | UK£71.6b | UK£5.2b | UK£7.5b | 12.1x | 9.5x | 13.7x |
| Tue, 01 Feb 2022 | UK£77.4b | UK£5.2b | UK£4.3b | 12.6x | 18.1x | 14.9x |
| Thu, 30 Dec 2021 | UK£79.3b | UK£5.2b | UK£4.1b | 13.2x | 19.2x | 15.3x |
| Sat, 27 Nov 2021 | UK£76.5b | UK£5.2b | UK£3.5b | 12.9x | 22.1x | 14.8x |
| Mon, 25 Oct 2021 | UK£73.7b | UK£5.2b | UK£145.6m | 13x | 506.5x | 14.2x |
Price to Earnings Ratio
506.5x
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 3-year average PS ratio of 10.2x is higher than the industry's current PS ratio of 7.8x.
Past Earnings Growth
- Total earnings for the REITs industry have declined over the last three years, with the industry now making a loss overall.
- Revenues have also declined 27% per year, which is driving profits down.
Industry Trends
Which industries have driven the changes within the U.K. Real Estate industry?
| GB Market | 1.56% | |
| Real Estate | 1.97% | |
| REITS | 2.82% | |
| Diversified REITs | 2.82% | |
| Retail REITs | 2.32% | |
| Healthcare REITs | 1.93% | |
| Industrial REITs | 1.55% | |
| Residential REITs | 0.92% | |
| Office REITs | 0.25% | |
| Specialized REITs | 0% | |
| Hotel and Resort REITs | 0% | |
Industry PE
- Investors are most optimistic about the Healthcare REITs industry which is trading above its 3-year average PE ratio of 5.2x.
- Analysts are expecting annual earnings growth of 31.7%, which is lower than the prior year's growth of 176.9% per year.
Forecasted Growth
- Analysts are most optimistic on the Office REITs industry, expecting annual earnings growth of 65% over the next 5 years.
- In contrast, the Residential REITs industry is expected to see its earnings grow by 17% 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 | |
|---|---|---|---|---|---|
| LMP LondonMetric Property | UK£2.09 | 4.6% +UK£186.1m | 27.8% | PB1.1x | |
| LAND Land Securities Group | UK£6.50 | 2.8% +UK£129.8m | 13.9% | PB0.8x | |
| BLND British Land | UK£4.39 | 2.9% +UK£113.2m | 48.3% | PB0.8x | |
| UKCM UK Commercial Property REIT | UK£0.73 | 2.5% +UK£23.4m | 35.0% | PB0.9x | |
| PCTN Picton Property Income | UK£0.72 | 0.8% +UK£3.3m | 11.7% | PB0.8x |