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U.K. (FTSE) REITS Industry Analysis

UpdatedMay 23, 2026
DataAggregated Company Financials
Companies14
  • 7D6.0%
  • 3M-7.2%
  • 1Y1.3%
  • YTD-0.9%

In the last week, the REITS industry is up 6.0%, with Land Securities Group up 8.7%. During this same period, the Alternative Income REIT underperformed, falling 5.4%. The industry has been flat over the past 12 months despite the gain this week. Earnings are forecast to grow by 8.7% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 23 May 2026UK£14.2bUK£2.3bUK£1.4b8.8x9.8x6.3x
Mon, 20 Apr 2026UK£14.5bUK£2.3bUK£1.3b9x11x6.4x
Wed, 18 Mar 2026UK£12.2bUK£2.0bUK£1.1b9.4x10.7x6.2x
Fri, 13 Feb 2026UK£13.2bUK£2.0bUK£1.1b10.1x11.8x6.7x
Sun, 11 Jan 2026UK£13.1bUK£2.0bUK£1.1b9.5x11.7x6.6x
Tue, 09 Dec 2025UK£12.4bUK£2.0bUK£1.1b9.2x11.2x6.3x
Thu, 06 Nov 2025UK£10.1bUK£1.6bUK£823.2m11x12.2x6.1x
Sat, 04 Oct 2025UK£9.5bUK£1.6bUK£824.1m10.9x11.5x5.8x
Mon, 01 Sep 2025UK£8.9bUK£1.7bUK£810.9m10x11x5.4x
Wed, 30 Jul 2025UK£9.4bUK£1.7bUK£795.6m10.8x11.8x5.6x
Fri, 27 Jun 2025UK£14.7bUK£2.1bUK£1.1b11.7x12.9x7.1x
Sun, 25 May 2025UK£13.9bUK£2.1bUK£1.1b11.7x12.8x6.8x
Tue, 22 Apr 2025UK£13.5bUK£1.9bUK£471.8m21.9x28.5x7.3x
Thu, 20 Mar 2025UK£12.9bUK£1.9bUK£463.8m21.4x27.8x7x
Sat, 15 Feb 2025UK£13.5bUK£1.9bUK£461.0m22.1x29.2x7.3x
Mon, 13 Jan 2025UK£12.3bUK£1.9bUK£466.7m21.1x26.3x6.6x
Wed, 11 Dec 2024UK£13.5bUK£1.9bUK£458.4m23.5x29.4x7.3x
Fri, 08 Nov 2024UK£14.4bUK£2.0b-UK£310,003,596.3828.4x-46.5x7.2x
Sun, 06 Oct 2024UK£15.2bUK£2.0b-UK£319,674,617.3429.4x-47.6x7.7x
Tue, 03 Sep 2024UK£15.0bUK£2.0b-UK£280,707,483.4727.8x-53.4x7.5x
Thu, 01 Aug 2024UK£14.9bUK£2.0b-UK£280,708,121.3827.8x-53x7.5x
Sat, 29 Jun 2024UK£14.4bUK£2.0b-UK£274,908,660.5026.4x-52.6x7.2x
Mon, 27 May 2024UK£14.8bUK£2.0b-UK£766,598,252.8414.3x-19.3x7.6x
Wed, 24 Apr 2024UK£15.0bUK£2.0b-UK£2,341,664,451.0619.8x-6.4x7.5x
Fri, 22 Mar 2024UK£15.0bUK£2.0b-UK£2,706,567,006.8520.2x-5.5x7.5x
Sun, 18 Feb 2024UK£12.6bUK£2.1b-UK£2,898,314,022.2020.1x-4.3x5.9x
Tue, 16 Jan 2024UK£16.5bUK£2.4b-UK£2,672,215,167.0011.4x-6.2x6.9x
Thu, 14 Dec 2023UK£16.0bUK£2.4b-UK£2,655,623,090.0011.1x-6x6.7x
Sat, 11 Nov 2023UK£15.2bUK£2.2b-UK£2,598,574,606.0011.5x-5.8x7x
Mon, 09 Oct 2023UK£15.0bUK£2.2b-UK£2,587,562,242.0012.1x-5.8x6.9x
Wed, 06 Sep 2023UK£15.0bUK£2.2b-UK£1,753,904,391.007.5x-8.5x6.9x
Fri, 04 Aug 2023UK£18.3bUK£2.3b-UK£1,965,751,727.007.5x-9.3x8.1x
Sun, 02 Jul 2023UK£17.3bUK£2.3b-UK£1,991,692,923.006.1x-8.7x7.6x
Tue, 30 May 2023UK£18.3bUK£2.2b-UK£1,346,228,406.006.5x-13.6x8.4x
Price to Earnings Ratio

-13.6x


Total Market Cap: UK£18.3bTotal Earnings: -UK£1,346,228,406.00Total Revenue: UK£2.2bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. REITS Industry Price to Earnings3Y Average -1.3x202420252026
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 9.8x which is higher than its 3-year average PE of -1.3x.
  • 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 Market2.49%
Real Estate3.64%
REITS5.98%
Diversified REITs5.98%
Retail REITs4.80%
Industrial REITs3.95%
Office REITs3.26%
Healthcare REITs2.80%
Residential REITs2.29%
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 22.0%, 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 51.4x.
Forecasted Growth
  • Analysts are most optimistic on the Residential REITs industry, expecting annual earnings growth of 25% 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
LAND Land Securities GroupUK£6.308.7%
+UK£375.7m		3.2%PB0.7x
BLND British LandUK£3.967.4%
+UK£278.6m		3.6%PB0.7x
SHC Shaftesbury CapitalUK£1.324.1%
+UK£95.1m		-7.4%PB0.6x
SRE Sirius Real EstateUK£0.991.5%
+UK£23.7m		8.4%PB1.1x
PCTN Picton Property IncomeUK£0.733.4%
+UK£12.3m		-0.3%PB0.7x

Latest News

BLND
UK£3.96
British Land
7D
7.4%
1Y
3.6%
LAND
UK£6.30
Land Securities Group
7D
8.7%
1Y
3.2%
SHC
UK£1.32
Shaftesbury Capital
7D
4.1%
1Y
-7.4%
TOWN
UK£1.12
Town Centre Securities
7D
-4.3%
1Y
-19.1%
SRE
UK£0.99
Sirius Real Estate
7D
1.5%
1Y
8.4%
Narrative Update • May 12

SRE: Defence-Focused German Acquisitions Will Support Long Term Income

The analyst price target for Sirius Real Estate has been trimmed by around £0.01 per share, as analysts adjust their models slightly to reflect a higher discount rate while keeping revenue, margins and forward P/E expectations broadly unchanged. Analyst Commentary Recent research updates present a mixed but generally constructive view on Sirius Real Estate, with one set of analysts trimming price targets slightly and another initiating coverage with a supportive stance on the stock.
AIRE
UK£0.68
Alternative Income REIT
7D
-5.4%
1Y
-5.6%
PCTN
UK£0.73
Picton Property Income
7D
3.4%
1Y
-0.3%
RLE
UK£0.31
Real Estate Investors
7D
-0.6%
1Y
-5.8%
AEWU
UK£1.04
AEW UK REIT
7D
-0.4%
1Y
1.0%
CREI
UK£0.85
Custodian Property Income REIT
7D
2.9%
1Y
8.0%
SERE
UK£0.62
Schroder European Real Estate Investment Trust
7D
2.8%
1Y
-6.8%
SREI
UK£0.48
Schroder Real Estate Investment Trust
7D
2.7%
1Y
-4.7%