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U.K. (FTSE) REITS Industry Analysis

UpdatedMay 31, 2026
DataAggregated Company Financials
Companies14
  • 7D1.0%
  • 3M-4.2%
  • 1Y-0.7%
  • YTD0.1%

In the last week, the REITS industry is up 1.0%, with British Land up 2.3%. Despite this gain, the industry's performance has been flat over the past year. Looking forward, 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
Sun, 31 May 2026UK£14.3bUK£2.3bUK£1.4b8.9x9.9x6.3x
Tue, 28 Apr 2026UK£14.0bUK£2.3bUK£1.3b8.8x10.6x6.2x
Thu, 26 Mar 2026UK£11.4bUK£2.0bUK£1.1b8.6x10.1x5.8x
Sat, 21 Feb 2026UK£13.5bUK£2.0bUK£1.1b10.2x12.1x6.8x
Mon, 19 Jan 2026UK£13.1bUK£2.0bUK£1.1b9.8x11.7x6.7x
Wed, 17 Dec 2025UK£12.1bUK£2.0bUK£1.1b8.9x10.8x6.2x
Fri, 14 Nov 2025UK£12.9bUK£1.9bUK£1.1b9.7x11.3x6.9x
Sun, 12 Oct 2025UK£9.3bUK£1.6bUK£826.3m10.3x11.2x5.6x
Tue, 09 Sep 2025UK£8.8bUK£1.7bUK£810.9m10.1x10.9x5.3x
Thu, 07 Aug 2025UK£9.4bUK£1.7bUK£795.7m10.8x11.8x5.7x
Sat, 05 Jul 2025UK£14.2bUK£2.1bUK£1.1b11.2x12.4x6.9x
Mon, 02 Jun 2025UK£14.3bUK£2.1bUK£1.1b12x13.1x6.9x
Wed, 30 Apr 2025UK£13.7bUK£1.9bUK£471.8m23x28.9x7.4x
Fri, 28 Mar 2025UK£12.7bUK£1.9bUK£471.7m21.4x27x6.9x
Sun, 23 Feb 2025UK£13.2bUK£1.9bUK£461.0m21.9x28.6x7.1x
Tue, 21 Jan 2025UK£12.9bUK£1.9bUK£461.0m21.2x27.9x6.9x
Thu, 19 Dec 2024UK£13.0bUK£1.9bUK£458.5m23.7x28.4x7x
Sat, 16 Nov 2024UK£14.4bUK£2.0b-UK£297,094,494.0032.4x-48.6x7.3x
Mon, 14 Oct 2024UK£15.2bUK£2.0b-UK£319,677,083.3729.2x-47.5x7.6x
Wed, 11 Sep 2024UK£15.6bUK£2.0b-UK£280,708,473.9828.3x-55.4x7.8x
Fri, 09 Aug 2024UK£14.4bUK£2.0b-UK£280,748,632.1427.4x-51.5x7.3x
Sun, 07 Jul 2024UK£14.7bUK£2.0b-UK£257,804,379.9426.8x-57x7.4x
Tue, 04 Jun 2024UK£15.4bUK£2.0b-UK£690,869,788.1914.2x-22.3x7.9x
Thu, 02 May 2024UK£14.9bUK£2.0b-UK£2,091,929,354.5920.3x-7.1x7.4x
Sat, 30 Mar 2024UK£15.3bUK£2.0b-UK£2,717,774,129.4814.6x-5.6x7.6x
Mon, 26 Feb 2024UK£12.2bUK£2.1b-UK£2,886,402,685.5220x-4.2x5.8x
Wed, 24 Jan 2024UK£15.8bUK£2.4b-UK£2,672,164,835.0011.4x-5.9x6.6x
Fri, 22 Dec 2023UK£16.9bUK£2.4b-UK£2,655,677,974.0011.3x-6.4x7x
Sun, 19 Nov 2023UK£16.3bUK£2.3b-UK£2,609,566,185.0011.7x-6.2x6.9x
Tue, 17 Oct 2023UK£15.0bUK£2.2b-UK£2,587,559,893.0012.1x-5.8x6.9x
Thu, 14 Sep 2023UK£15.1bUK£2.2b-UK£1,758,726,693.007.5x-8.6x6.9x
Sat, 12 Aug 2023UK£17.8bUK£2.3b-UK£1,155,261,280.006.1x-15.4x7.7x
Mon, 10 Jul 2023UK£17.2bUK£2.3b-UK£1,991,512,519.006.1x-8.6x7.6x
Wed, 07 Jun 2023UK£18.9bUK£2.2b-UK£1,346,252,770.006.8x-14x8.7x
Price to Earnings Ratio

-14x


Total Market Cap: UK£18.9bTotal Earnings: -UK£1,346,252,770.00Total 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 9.9x 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 Market-0.27%
Real Estate1.29%
REITS1.02%
Residential REITs3.41%
Office REITs1.72%
Retail REITs1.71%
Industrial REITs1.17%
Diversified REITs1.02%
Healthcare REITs0.79%
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 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 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£4.052.3%
+UK£92.2m		3.8%PB0.7x
SHC Shaftesbury CapitalUK£1.362.6%
+UK£62.2m		-7.8%PB0.6x
CREI Custodian Property Income REITUK£0.872.1%
+UK£8.7m		4.5%PB0.9x
AIRE Alternative Income REITUK£0.726.2%
+UK£3.4m		0.3%PB0.9x
AEWU AEW UK REITUK£1.061.5%
+UK£2.5m		4.6%PB1x

Latest News

PCTN
UK£0.73
Picton Property Income
7D
0.1%
1Y
-5.3%
SRE
UK£0.98
Sirius Real Estate
7D
-0.8%
1Y
3.1%
Narrative Update • May 30

SRE: Defence-Led German Acquisitions Will Support Future Income Resilience

Narrative Update The analyst price target for Sirius Real Estate has been reduced by £0.02, as analysts balance a slightly higher discount rate with largely unchanged assumptions on revenue, margins and future P/E. Analyst Commentary Recent research updates point to a mixed but generally constructive stance on Sirius Real Estate, with one group of analysts trimming price targets and another starting coverage with a positive view on the stock.
BLND
UK£4.05
British Land
7D
2.3%
1Y
3.8%
LAND
UK£6.29
Land Securities Group
7D
-0.2%
1Y
-0.6%
SHC
UK£1.36
Shaftesbury Capital
7D
2.6%
1Y
-7.8%
TOWN
UK£1.14
Town Centre Securities
7D
1.3%
1Y
-20.1%
AIRE
UK£0.72
Alternative Income REIT
7D
6.2%
1Y
0.3%
API
UK£0.02
abrdn Property Income Trust
7D
-4.8%
1Y
-63.0%
AEWU
UK£1.06
AEW UK REIT
7D
1.5%
1Y
4.6%
CREI
UK£0.87
Custodian Property Income REIT
7D
2.1%
1Y
4.5%
SERE
UK£0.60
Schroder European Real Estate Investment Trust
7D
-2.8%
1Y
-11.0%
SREI
UK£0.48
Schroder Real Estate Investment Trust
7D
-0.9%
1Y
-8.4%