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Filipino (PSEi) Real Estate Sector Analysis

UpdatedJan 03, 2026
DataAggregated Company Financials
Companies59
  • 7D0.6%
  • 3M0.7%
  • 1Y-3.1%
  • YTD0%

The Real Estate is pretty flat in the last 7 days, but Vista Land & Lifescapes has stood out, gaining 31%. As for the longer term, the industry has declined 4.5% in the last year. Earnings are forecast to grow by 2.7% annually.

Sector Valuation and Performance

Has the Filipino Real Estate Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 03 Jan 2026₱1.9t₱813.2b₱241.6b5.9x7.8x2.3x
Mon, 01 Dec 2025₱1.8t₱813.2b₱241.2b5.7x7.5x2.2x
Wed, 29 Oct 2025₱1.8t₱826.9b₱244.0b5.6x7.6x2.2x
Fri, 26 Sep 2025₱1.9t₱828.4b₱244.3b5.9x8x2.3x
Sun, 24 Aug 2025₱2.0t₱829.0b₱244.4b6x8.1x2.4x
Tue, 22 Jul 2025₱1.9t₱824.8b₱239.1b6x8.1x2.4x
Thu, 19 Jun 2025₱1.9t₱824.9b₱239.1b6.4x7.7x2.2x
Sat, 17 May 2025₱1.9t₱826.0b₱227.3b6x8.3x2.3x
Mon, 14 Apr 2025₱1.8t₱819.1b₱179.9b5.9x9.9x2.2x
Wed, 12 Mar 2025₱1.8t₱823.3b₱180.2b5.9x10x2.2x
Fri, 07 Feb 2025₱1.9t₱810.1b₱168.9b6.2x11.4x2.4x
Sun, 05 Jan 2025₱1.9t₱810.1b₱168.9b6.2x11.5x2.4x
Tue, 03 Dec 2024₱2.0t₱809.5b₱169.1b6.2x11.9x2.5x
Thu, 31 Oct 2024₱2.2t₱782.0b₱162.0b6.5x13.6x2.8x
Sat, 28 Sep 2024₱2.3t₱782.0b₱162.0b6.5x14.1x2.9x
Mon, 26 Aug 2024₱2.1t₱781.6b₱205.9b6.2x10.1x2.7x
Wed, 24 Jul 2024₱2.1t₱755.8b₱219.4b5.7x9.5x2.8x
Fri, 21 Jun 2024₱1.9t₱755.8b₱219.4b6.1x8.8x2.6x
Sun, 19 May 2024₱2.0t₱754.4b₱218.7b6.7x9.4x2.7x
Tue, 16 Apr 2024₱2.0t₱717.4b₱210.7b6.8x9.5x2.8x
Thu, 14 Mar 2024₱2.2t₱705.9b₱185.7b7.2x11.8x3.1x
Sat, 10 Feb 2024₱2.3t₱686.9b₱181.1b7x12.5x3.3x
Mon, 08 Jan 2024₱2.2t₱686.3b₱180.6b6.9x12.2x3.2x
Wed, 06 Dec 2023₱2.1t₱686.3b₱180.7b7x11.8x3.1x
Fri, 03 Nov 2023₱2.0t₱664.8b₱172.3b7.3x11.5x3x
Sun, 01 Oct 2023₱2.0t₱664.8b₱172.2b7.4x11.9x3.1x
Tue, 29 Aug 2023₱2.0t₱662.2b₱169.1b7.7x11.7x3x
Thu, 27 Jul 2023₱2.1t₱645.3b₱157.8b6.5x13.3x3.3x
Sat, 24 Jun 2023₱2.0t₱645.3b₱157.8b7.1x12.9x3.2x
Mon, 22 May 2023₱2.1t₱640.1b₱156.2b7.8x13.7x3.3x
Wed, 19 Apr 2023₱2.1t₱615.3b₱145.0b8x14.6x3.4x
Fri, 17 Mar 2023₱2.1t₱599.6b₱151.6b8.9x14x3.5x
Sun, 12 Feb 2023₱2.3t₱586.3b₱148.2b9.6x15.6x3.9x
Tue, 10 Jan 2023₱2.3t₱585.9b₱148.1b9.1x15.5x3.9x
Price to Earnings Ratio

15.5x


Total Market Cap: ₱2.3tTotal Earnings: ₱148.1bTotal Revenue: ₱585.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Filipino Real Estate Sector Price to Earnings3Y Average 11x202420252026
Current Industry PE
  • Investors are pessimistic on the Filipino 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 7.6x which is lower than its 3-year average PE of 11.0x.
  • The 3-year average PS ratio of 2.8x is higher than the industry's current PS ratio of 2.3x.
Past Earnings Growth
  • The earnings for companies in the Real Estate industry have grown 18% per year over the last three years.
  • Revenues for these companies have grown 12% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Filipino Real Estate sector?

PH Market1.51%
Real Estate0.55%
REITS5.04%
Office REITs0.63%
Real Estate0.49%
Specialized REITs0.28%
Industry PE
  • Investors are most optimistic about the Specialized REITs industry which is trading above its 3-year average PE ratio of 14.1x.
    • Analysts are expecting annual earnings growth of 2.8%, which is higher than its past year's earnings growth of 0.3% per year.
  • Investors are most pessimistic about the REITS industry, which is trading below its 3-year average of 9.5x.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate industry, expecting annual earnings growth of 6.7% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Office REITs industry is expected to see its earnings decline by 9.1% 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
VLL Vista Land & Lifescapes₱1.2231.2%
+₱3.7b		-19.2%PE1.9x
RCR RL Commercial REIT₱7.981.0%
+₱1.6b		35.7%PB1.1x
ALI Ayala Land₱22.550.4%
+₱1.4b		-16.3%PE11.5x
MEG Megaworld₱2.111.9%
+₱1.3b		5.0%PE3.3x
PRC Philippine Racing Club₱7.0039.7%
+₱1.1b		0%PE10.3x

Latest News

SUN
₱0.72
Suntrust Resort Holdings
7D
-5.3%
1Y
-18.2%
KEP
₱2.20
Keppel Philippines Properties
7D
-10.9%
1Y
-26.7%
VLL
₱1.22
Vista Land & Lifescapes
7D
31.2%
1Y
-19.2%
STR
₱1.23
Vistamalls
7D
9.8%
1Y
-23.1%
PRC
₱7.00
Philippine Racing Club
7D
39.7%
1Y
0%
PHC
₱1.84
Philcomsat Holdings
7D
-1.6%
1Y
n/a
ALI
₱22.55
Ayala Land
7D
0.4%
1Y
-16.3%

ALI: Regular Cash Dividends Will Support Share Price Upside Into Late 2025

Analysts have slightly lowered their price target for Ayala Land to PHP 32.37 from PHP 32.83, citing marginally softer expectations for revenue growth and profit margins, even though the discount rate has been modestly reduced and a slightly higher future P/E multiple has been assumed. What's in the News Board meeting scheduled for October 29, 2025, to consider declaration of a regular cash dividend of PHP 0.2928 per common share for the second half of 2025 (Key Developments) Board approved a regular cash dividend of PHP 0.2928 per common share for the second half of 2025 at the October 28, 2025, meeting, with record date on November 12, 2025, and payment date on November 26, 2025 (Key Developments) Valuation Changes Fair Value: Lowered slightly to ₱32.37 from ₱32.83, reflecting a modest reduction of about 1.4 percent.
UNH
₱134.00
Uniholdings
7D
-4.3%
1Y
-29.1%
VREIT
₱1.43
VistaREIT
7D
6.7%
1Y
-22.7%
RLC
₱16.30
Robinsons Land
7D
0.9%
1Y
23.3%

RLC: Future Margins And Equity Offering Are Expected To Drive Upside

Analysts have raised their price target for Robinsons Land from PHP 28.00 to PHP 30.00, citing expectations of slightly stronger profitability margins and a modestly higher valuation multiple, despite a more tempered revenue growth outlook. What's in the News Filed a follow-on equity offering for up to 1 billion common shares under Regulation S with a subsequent direct listing feature, which may expand its public float and help fund future growth initiatives (Key Developments) Valuation Changes Fair Value has risen slightly from ₱28.00 to ₱30.00 per share, reflecting a modestly higher intrinsic value estimate.
MEG
₱2.11
Megaworld
7D
1.9%
1Y
5.0%

MEG: Hotel Expansion And Township Investments Will Support Steady Outlook

Analysts have nudged their price target for Megaworld slightly higher to reflect a modest improvement in expected revenue trends, a small uptick in forecast profit margins, and a marginally lower future P/E multiple, even though they are applying a slightly higher discount rate to account for elevated risk. What's in the News Megaworld Hotels and Resorts signed a landmark agreement with Accor to convert the 1,530 room Grand Westside Hotel into Movenpick Manila Bay Westside, set to become the largest Movenpick hotel globally and targeted to open before end 2026 (Client Announcements).
RCR
₱7.98
RL Commercial REIT
7D
1.0%
1Y
35.7%
RCI
₱2.63
Roxas and Company
7D
-5.1%
1Y
-4.4%
DD
₱9.18
DoubleDragon
7D
-0.2%
1Y
-8.9%
SMPH
₱23.45
SM Prime Holdings
7D
-0.6%
1Y
-6.9%
CDC
₱0.58
Cityland Development
7D
-3.3%
1Y
-14.7%