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U.K. (FTSE) Real Estate Sector Analysis

UpdatedJan 16, 2026
DataAggregated Company Financials
Companies64
  • 7D1.0%
  • 3M7.1%
  • 1Y7.4%
  • YTD5.4%

Last week, the Real Estate industry hasn't moved much but Home Reit is up 269% in that time. The past year has been better, since the industry has gained 5.1% in that time. Looking forward, earnings are forecast to grow by 12% annually.

Sector Valuation and Performance

Has the U.K. Real Estate Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 16 Jan 2026UK£60.7bUK£10.8bUK£4.2b13.3x14.3x5.6x
Sun, 14 Dec 2025UK£56.0bUK£10.9bUK£4.3b12.8x13x5.2x
Tue, 11 Nov 2025UK£59.2bUK£10.8bUK£4.4b12x13.5x5.5x
Thu, 09 Oct 2025UK£55.7bUK£10.8bUK£4.4b11.5x12.5x5.1x
Sat, 06 Sep 2025UK£55.6bUK£10.9bUK£4.6b10.8x12.1x5.1x
Mon, 04 Aug 2025UK£59.9bUK£13.6bUK£4.4b12.5x13.6x4.4x
Wed, 02 Jul 2025UK£64.0bUK£13.4bUK£4.1b14.3x15.5x4.8x
Fri, 30 May 2025UK£63.3bUK£13.4bUK£4.1b14.4x15.5x4.7x
Sun, 27 Apr 2025UK£60.8bUK£13.4bUK£3.2b18.2x19x4.5x
Tue, 25 Mar 2025UK£58.7bUK£13.4bUK£2.9b17.9x20x4.4x
Thu, 20 Feb 2025UK£60.5bUK£13.4bUK£1.4b21.7x42x4.5x
Sat, 18 Jan 2025UK£59.7bUK£13.6bUK£777.9m21.2x76.7x4.4x
Mon, 16 Dec 2024UK£59.9bUK£13.5bUK£795.7m20.1x75.3x4.4x
Wed, 13 Nov 2024UK£63.1bUK£13.6b-UK£694,528,078.7016.5x-90.8x4.7x
Fri, 11 Oct 2024UK£67.0bUK£13.5b-UK£664,072,451.0216.6x-100.9x5x
Sun, 08 Sep 2024UK£68.8bUK£13.5b-UK£624,762,972.6517x-110.1x5.1x
Tue, 06 Aug 2024UK£66.4bUK£13.5b-UK£911,651,805.1016.4x-72.8x4.9x
Thu, 04 Jul 2024UK£66.5bUK£13.5b-UK£552,597,328.9715.4x-120.3x4.9x
Sat, 01 Jun 2024UK£66.9bUK£13.4b-UK£1,443,153,562.1115.5x-46.3x5x
Mon, 29 Apr 2024UK£62.3bUK£13.5b-UK£3,085,741,549.6615.3x-20.2x4.6x
Wed, 27 Mar 2024UK£63.7bUK£13.6b-UK£3,722,779,268.1215.9x-17.1x4.7x
Fri, 23 Feb 2024UK£62.1bUK£13.6b-UK£5,821,041,939.1515.5x-10.7x4.6x
Sun, 21 Jan 2024UK£66.4bUK£14.9b-UK£8,527,043,339.0014.3x-7.8x4.5x
Tue, 19 Dec 2023UK£69.7bUK£14.9b-UK£8,437,441,375.0013.9x-8.3x4.7x
Thu, 16 Nov 2023UK£66.5bUK£14.8b-UK£8,200,604,676.0013.4x-8.1x4.5x
Sat, 14 Oct 2023UK£60.5bUK£14.7b-UK£8,162,396,316.0012.8x-7.4x4.1x
Mon, 11 Sep 2023UK£62.3bUK£14.9b-UK£6,923,726,387.0011.7x-9x4.2x
Wed, 09 Aug 2023UK£67.2bUK£14.8b-UK£7,015,647,550.0011.3x-9.6x4.5x
Fri, 07 Jul 2023UK£62.9bUK£15.0b-UK£4,760,930,605.0010.7x-13.2x4.2x
Sun, 04 Jun 2023UK£69.6bUK£14.9b-UK£3,461,621,552.009.7x-20.1x4.7x
Tue, 02 May 2023UK£71.5bUK£14.9bUK£1.3b8.3x54.4x4.8x
Thu, 30 Mar 2023UK£65.8bUK£14.8bUK£2.3b7.4x28.2x4.4x
Sat, 25 Feb 2023UK£68.0bUK£14.4bUK£5.9b7.4x11.6x4.7x
Mon, 23 Jan 2023UK£68.3bUK£14.5bUK£12.0b7.3x5.7x4.7x
Price to Earnings Ratio

5.7x


Total Market Cap: UK£68.3bTotal Earnings: UK£12.0bTotal Revenue: UK£14.5bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Real Estate Sector Price to Earnings3Y Average -5x202420252026
Current Industry PE
  • Investors are pessimistic on the British Real Estate 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 14.0x which is higher than its 3-year average PE of -5.0x.
  • The 3-year average PS ratio of 4.7x is lower than the industry's current PS ratio of 5.5x.
Past Earnings Growth
  • The earnings for companies in the Real Estate industry have declined 29% per year over the last three years,
  • Revenues have also declined 9.4% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

Which industries have driven the changes within the U.K. Real Estate sector?

GB Market2.10%
Real Estate0.98%
Specialized REITs3.04%
Industrial REITs2.31%
Health Care REITs1.85%
Real Estate1.12%
Residential REITs0.47%
Office REITs0.42%
Retail REITs-0.54%
REITS-1.08%
Industry PE
  • Investors are most optimistic about the Health Care REITs industry which is trading above its 3-year average PE ratio of 9.8x.
    • Analysts are expecting annual earnings growth of 18.7%, which is higher than its past year's earnings decline of 16.7% per year.
  • Investors are most pessimistic about the Specialized REITs industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 7.9x.
Forecasted Growth
  • Analysts are most optimistic on the Office REITs industry, expecting annual earnings growth of 22% over the next 5 years.
  • In contrast, the Residential REITs industry is expected to see its earnings grow by 3.0% 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
SGRO SEGROUK£7.511.7%
+UK£170.4m		6.1%PB0.8x
BBOX Tritax Big Box REITUK£1.643.4%
+UK£145.9m		19.8%PB1x
LMP LondonMetric PropertyUK£2.032.6%
+UK£119.1m		12.0%PB1x
SVS SavillsUK£11.087.6%
+UK£107.0m		6.1%PE27.9x
SAFE Safestore HoldingsUK£8.184.7%
+UK£79.7m		37.0%PB0.8x

Latest News

SAFE
UK£8.18
Safestore Holdings
7D
4.7%
1Y
37.0%
LAND
UK£6.42
Land Securities Group
7D
-0.5%
1Y
14.2%
PHP
UK£1.05
Primary Health Properties
7D
1.9%
1Y
16.2%
BLND
UK£4.04
British Land
7D
-2.7%
1Y
12.9%
SVS
UK£11.08
Savills
7D
7.6%
1Y
6.1%
IWG
UK£2.44
International Workplace Group
7D
2.6%
1Y
49.4%

IWG: Ongoing Share Buybacks Will Support Margins And Unlock Further Upside

Analysts have slightly lowered their price target on International Workplace Group to reflect a modest reduction in the future P/E assumption, while keeping fair value, discount rate, revenue growth and profit margin inputs effectively unchanged. What's in the News International Workplace Group plc announced a share repurchase program under an arrangement with Jefferies International Limited, with all repurchased shares to be cancelled and the program running until December 31, 2026 (company announcement).
LMP
UK£2.03
LondonMetric Property
7D
2.6%
1Y
12.0%
SGRO
UK£7.51
SEGRO
7D
1.7%
1Y
6.1%
GRI
UK£1.95
Grainger
7D
-0.9%
1Y
-10.7%
HMSO
UK£3.42
Hammerson
7D
-1.5%
1Y
20.7%

HMSO: Medium Term Guidance And Rental Income Outlook Will Define Risk Reward

Analysts have nudged their fair value estimate for Hammerson slightly higher to £3.30 from about £3.27, citing small adjustments to discount rate assumptions and a modestly higher future P/E multiple in their models. What's in the News Hammerson issued financial guidance for 2026 and 2027, indicating that management expects the full effect of past repositionings and acquisitions to be reflected in these years.
GPE
UK£3.39
Great Portland Estates
7D
2.9%
1Y
21.5%
HWG
UK£1.66
Harworth Group
7D
-1.2%
1Y
0.6%
LABS
UK£0.37
Life Science REIT
7D
-5.1%
1Y
5.1%
SHC
UK£1.45
Shaftesbury Capital
7D
-1.6%
1Y
16.5%
BBOX
UK£1.64
Tritax Big Box REIT
7D
3.4%
1Y
19.8%
FOXT
UK£0.54
Foxtons Group
7D
-8.5%
1Y
-21.4%