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Filipino (PSEi) Real Estate Sector Analysis

UpdatedJan 06, 2026
DataAggregated Company Financials
Companies59
  • 7D1.5%
  • 3M0.7%
  • 1Y-3.0%
  • YTD-0.04%

Over the last 7 days, the Real Estate industry has risen 1.5%, driven by gains from SM Prime Holdings of 2.4%. In the past year, the industry is down 3.0%. Looking forward, earnings are forecast to grow by 2.8% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 06 Jan 2026₱1.9t₱813.2b₱241.6b5.9x7.7x2.3x
Thu, 04 Dec 2025₱1.8t₱813.2b₱241.6b5.8x7.4x2.2x
Sat, 01 Nov 2025₱1.8t₱826.9b₱244.0b5.8x7.5x2.2x
Mon, 29 Sep 2025₱1.9t₱826.9b₱244.0b5.8x7.9x2.3x
Wed, 27 Aug 2025₱2.0t₱828.9b₱244.3b6x8.1x2.4x
Fri, 25 Jul 2025₱2.0t₱824.8b₱239.1b6.1x8.2x2.4x
Sun, 22 Jun 2025₱1.8t₱824.9b₱239.1b6.4x7.6x2.2x
Tue, 20 May 2025₱1.9t₱826.1b₱242.5b5.9x7.7x2.3x
Thu, 17 Apr 2025₱1.8t₱814.2b₱178.6b6.1x10.2x2.2x
Sat, 15 Mar 2025₱1.8t₱823.3b₱180.4b6.1x10.1x2.2x
Mon, 10 Feb 2025₱1.9t₱810.1b₱168.9b6.2x11.3x2.4x
Wed, 08 Jan 2025₱1.9t₱810.1b₱168.9b6.2x11.3x2.4x
Fri, 06 Dec 2024₱2.0t₱809.5b₱169.1b6.1x11.9x2.5x
Sun, 03 Nov 2024₱2.2t₱780.5b₱161.2b6.5x13.7x2.8x
Tue, 01 Oct 2024₱2.2t₱782.0b₱162.0b6.4x13.9x2.9x
Thu, 29 Aug 2024₱2.1t₱781.4b₱206.0b6.6x10.3x2.7x
Sat, 27 Jul 2024₱2.1t₱755.8b₱219.4b5.6x9.5x2.7x
Mon, 24 Jun 2024₱1.9t₱755.8b₱219.4b6.2x8.6x2.5x
Wed, 22 May 2024₱2.0t₱756.0b₱218.8b6.6x9.3x2.7x
Fri, 19 Apr 2024₱2.0t₱725.7b₱220.1b6.2x8.9x2.7x
Sun, 17 Mar 2024₱2.1t₱705.3b₱185.7b6.9x11.5x3x
Tue, 13 Feb 2024₱2.2t₱686.9b₱181.1b7x12.4x3.3x
Thu, 11 Jan 2024₱2.2t₱686.9b₱181.1b7.1x12.2x3.2x
Sat, 09 Dec 2023₱2.1t₱686.3b₱180.7b6.8x11.7x3.1x
Mon, 06 Nov 2023₱2.0t₱664.8b₱172.3b7.3x11.6x3x
Wed, 04 Oct 2023₱2.0t₱664.8b₱172.2b7.1x11.8x3.1x
Fri, 01 Sep 2023₱2.0t₱662.2b₱169.1b7.7x11.9x3x
Sun, 30 Jul 2023₱2.1t₱645.2b₱157.8b6.6x13.3x3.3x
Tue, 27 Jun 2023₱2.1t₱645.3b₱157.8b7x13.2x3.2x
Thu, 25 May 2023₱2.1t₱646.1b₱157.8b7.3x13.5x3.3x
Sat, 22 Apr 2023₱2.1t₱617.5b₱149.4b8.2x14.2x3.4x
Mon, 20 Mar 2023₱1.9t₱579.5b₱130.5b8.2x14.4x3.3x
Wed, 15 Feb 2023₱2.3t₱586.3b₱148.2b9.2x15.4x3.9x
Fri, 13 Jan 2023₱2.3t₱585.9b₱148.2b9.1x15.6x3.9x
Price to Earnings Ratio

15.6x


Total Market Cap: ₱2.3tTotal Earnings: ₱148.2bTotal 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 7.7x 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 Market2.31%
Real Estate1.47%
Real Estate1.77%
REITS1.10%
Office REITs0.53%
Specialized REITs0%0
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 9.4x.
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
SMPH SM Prime Holdings₱23.402.9%
+₱18.7b		-5.3%PE13.8x
VLL Vista Land & Lifescapes₱1.2924.0%
+₱3.2b		-15.1%PE2x
RLC Robinsons Land₱16.582.6%
+₱2.0b		25.6%PE6x
MEG Megaworld₱2.142.9%
+₱1.9b		11.5%PE3.3x
AREIT AREIT₱44.001.1%
+₱1.9b		12.0%PB1.2x

Latest News

UNH
₱106.80
Uniholdings
7D
-23.7%
1Y
-43.5%
VLL
₱1.29
Vista Land & Lifescapes
7D
24.0%
1Y
-15.1%
ALI
₱22.50
Ayala Land
7D
0.2%
1Y
-13.8%
SUN
₱0.72
Suntrust Resort Holdings
7D
-5.3%
1Y
-20.0%
STR
₱1.18
Vistamalls
7D
-5.6%
1Y
-27.2%
PHC
₱1.56
Philcomsat Holdings
7D
-15.2%
1Y
n/a
RLC
₱16.58
Robinsons Land
7D
2.6%
1Y
25.6%

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
₱2.14
Megaworld
7D
2.9%
1Y
11.5%

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
₱8.01
RL Commercial REIT
7D
-0.1%
1Y
35.8%
RCI
₱2.54
Roxas and Company
7D
-5.2%
1Y
-3.4%
DD
₱9.21
DoubleDragon
7D
-0.8%
1Y
-9.0%
SMPH
₱23.40
SM Prime Holdings
7D
2.9%
1Y
-5.3%
AREIT
₱44.00
AREIT
7D
1.1%
1Y
12.0%
FILRT
₱3.02
Filinvest REIT
7D
-2.6%
1Y
1.7%
DMW
₱5.19
D.M. Wenceslao & Associates
7D
3.8%
1Y
-3.4%
FDC
₱4.65
Filinvest Development
7D
2.2%
1Y
-4.9%