Picton Property Income Limited's (LON:PCTN) CEO Might Not Expect Shareholders To Be So Generous This Year
Jul 23
U.K. (FTSE) REITS Industry Analysis
UpdatedJul 23, 2024
DataAggregated Company Financials
Companies14
- 7D-1.2%
- 3M1.5%
- 1Y6.6%
- YTD-1.1%
Over the last 7 days, the REITS industry has dropped 1.2%, driven by a pullback from British Land of 2.9%. Over the past 12 months, the industry was up 6.6%. Earnings are forecast to grow by 41% 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 |
|---|---|---|---|---|---|---|
| Tue, 23 Jul 2024 | UK£14.8b | UK£2.0b | -UK£257,793,192.43 | 27.6x | -57.4x | 7.4x |
| Thu, 20 Jun 2024 | UK£14.5b | UK£2.0b | -UK£280,376,551.53 | 26.6x | -51.7x | 7.3x |
| Sat, 18 May 2024 | UK£15.0b | UK£1.9b | -UK£2,123,636,540.03 | 14.4x | -7.1x | 7.8x |
| Mon, 15 Apr 2024 | UK£14.7b | UK£2.0b | -UK£2,717,771,525.98 | 14.6x | -5.4x | 7.3x |
| Wed, 13 Mar 2024 | UK£14.5b | UK£2.0b | -UK£2,718,350,209.94 | 20x | -5.3x | 7.2x |
| Fri, 09 Feb 2024 | UK£12.6b | UK£2.1b | -UK£2,898,303,563.58 | 20.2x | -4.3x | 5.9x |
| Sun, 07 Jan 2024 | UK£16.6b | UK£2.4b | -UK£2,672,212,207.00 | 11.4x | -6.2x | 6.9x |
| Tue, 05 Dec 2023 | UK£15.5b | UK£2.4b | -UK£2,662,563,276.00 | 11.3x | -5.8x | 6.5x |
| Thu, 02 Nov 2023 | UK£14.6b | UK£2.2b | -UK£2,598,547,325.00 | 11.7x | -5.6x | 6.7x |
| Sat, 30 Sep 2023 | UK£15.1b | UK£2.2b | -UK£2,542,251,524.00 | 12.2x | -5.9x | 6.9x |
| Mon, 28 Aug 2023 | UK£15.0b | UK£2.2b | -UK£1,753,933,855.00 | 7.5x | -8.5x | 6.9x |
| Wed, 26 Jul 2023 | UK£18.6b | UK£2.3b | -UK£1,965,734,834.00 | 7.5x | -9.4x | 8.2x |
| Fri, 23 Jun 2023 | UK£17.4b | UK£2.3b | -UK£1,932,035,535.00 | 6.2x | -9x | 7.6x |
| Sun, 21 May 2023 | UK£18.7b | UK£2.2b | -UK£1,129,985,660.00 | 6.1x | -16.6x | 8.6x |
| Tue, 18 Apr 2023 | UK£19.4b | UK£2.2b | UK£1.9b | 6.5x | 10.1x | 8.9x |
| Thu, 16 Mar 2023 | UK£59.5b | UK£6.3b | UK£1.8b | 7.3x | 32.7x | 9.5x |
| Sat, 11 Feb 2023 | UK£59.8b | UK£6.1b | UK£11.1b | 6.7x | 5.4x | 9.8x |
| Mon, 09 Jan 2023 | UK£57.1b | UK£6.1b | UK£11.1b | 6.8x | 5.1x | 9.4x |
| Wed, 07 Dec 2022 | UK£56.4b | UK£6.0b | UK£11.0b | 6.7x | 5.1x | 9.5x |
| Fri, 04 Nov 2022 | UK£55.6b | UK£5.7b | UK£13.5b | 5x | 4.1x | 9.7x |
| Sun, 02 Oct 2022 | UK£53.1b | UK£5.7b | UK£13.4b | 5x | 4x | 9.3x |
| Tue, 30 Aug 2022 | UK£65.1b | UK£5.7b | UK£13.2b | 6.2x | 4.9x | 11.5x |
| Thu, 28 Jul 2022 | UK£68.6b | UK£5.5b | UK£12.2b | 7.3x | 5.6x | 12.5x |
| Sat, 25 Jun 2022 | UK£67.7b | UK£5.5b | UK£12.1b | 7.7x | 5.6x | 12.3x |
| Mon, 23 May 2022 | UK£70.8b | UK£5.5b | UK£10.3b | 9.4x | 6.9x | 13x |
| Wed, 20 Apr 2022 | UK£77.0b | UK£5.3b | UK£7.9b | 10.6x | 9.7x | 14.4x |
| Fri, 18 Mar 2022 | UK£76.9b | UK£5.4b | UK£7.8b | 11.2x | 9.8x | 14.3x |
| Sun, 13 Feb 2022 | UK£75.8b | UK£5.2b | UK£4.3b | 12.5x | 17.7x | 14.6x |
| Tue, 11 Jan 2022 | UK£77.8b | UK£5.2b | UK£4.1b | 13.1x | 18.8x | 15x |
| Thu, 09 Dec 2021 | UK£78.7b | UK£5.2b | UK£4.1b | 13.1x | 19.2x | 15.2x |
| Sat, 06 Nov 2021 | UK£75.6b | UK£5.2b | UK£145.8m | 12.9x | 518.6x | 14.6x |
| Mon, 04 Oct 2021 | UK£72.0b | UK£5.2b | -UK£28,385,274.00 | 14.2x | -2535.7x | 13.9x |
| Wed, 01 Sep 2021 | UK£76.9b | UK£5.2b | -UK£408,408,152.56 | 16.2x | -188.3x | 14.8x |
Price to Earnings Ratio
-182.8x
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 10.7x is higher than the industry's current PS ratio of 7.4x.
Past Earnings Growth
- The earnings for companies in the REITs industry have improved over the last three years.
- Meanwhile revenues for these companies have declined 27% per year.
- This means that less sales are being generated overall, but since the cost of doing business is lower, losses have been shrinking.
Industry Trends
Which industries have driven the changes within the U.K. Real Estate industry?
| GB Market | 0.12% | |
| Real Estate | -1.37% | |
| REITS | -1.23% | |
| Retail REITs | 0.68% | |
| Specialized REITs | 0% | |
| Hotel and Resort REITs | 0% | |
| Diversified REITs | -1.23% | |
| Residential REITs | -1.27% | |
| Industrial REITs | -1.41% | |
| Healthcare REITs | -1.64% | |
| Office REITs | -3.28% | |
Industry PE
- Investors are most optimistic about the Healthcare REITs industry which is trading above its 3-year average PE ratio of 0.38x.
- Analysts are expecting annual earnings growth of 30.8%, which is lower than the prior year's growth of 68.8% per year.
Forecasted Growth
- Analysts are most optimistic on the Office REITs industry, expecting annual earnings growth of 71% over the next 5 years.
- In contrast, the Residential REITs industry is expected to see its earnings grow by 20% 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 | |
|---|---|---|---|---|---|
| UKCM UK Commercial Property REIT | UK£0.73 | 2.5% +UK£23.4m | 35.0% | PB0.9x | |
| PCTN Picton Property Income | UK£0.72 | 4.0% +UK£15.3m | -1.4% | PB0.8x | |
| SREI Schroder Real Estate Investment Trust | UK£0.47 | 3.3% +UK£7.3m | 6.3% | PB0.8x | |
| TOWN Town Centre Securities | UK£1.41 | 1.8% +UK£1.1m | 11.1% | PB0.5x |