Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Filipino (PSEi) Real Estate Sector Analysis

UpdatedJan 08, 2026
DataAggregated Company Financials
Companies59
  • 7D1.5%
  • 3M1.3%
  • 1Y-0.9%
  • YTD0.02%

The Real Estate industry is up 1.5% in the last week, with SM Prime Holdings up 2.2%. Overall in the last year, the industry is flat. Looking forward, earnings are forecast to grow by 2.9% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 08 Jan 2026₱1.9t₱813.2b₱241.6b5.9x7.8x2.3x
Sat, 06 Dec 2025₱1.8t₱813.2b₱241.6b5.7x7.4x2.2x
Mon, 03 Nov 2025₱1.8t₱807.9b₱238.4b5.9x7.4x2.2x
Wed, 01 Oct 2025₱1.9t₱826.9b₱244.0b5.7x7.7x2.3x
Fri, 29 Aug 2025₱2.0t₱828.9b₱244.3b6x8.2x2.4x
Sun, 27 Jul 2025₱1.9t₱824.5b₱239.0b6.2x8.1x2.4x
Tue, 24 Jun 2025₱1.8t₱824.9b₱239.1b6.4x7.6x2.2x
Thu, 22 May 2025₱1.8t₱826.7b₱243.7b5.8x7.5x2.2x
Sat, 19 Apr 2025₱1.8t₱814.0b₱190.7b6.1x9.5x2.2x
Mon, 17 Mar 2025₱1.8t₱820.9b₱180.4b6.1x10.1x2.2x
Wed, 12 Feb 2025₱1.8t₱810.1b₱168.9b6.1x10.8x2.3x
Fri, 10 Jan 2025₱1.9t₱810.1b₱168.9b6.1x11.3x2.3x
Sun, 08 Dec 2024₱2.0t₱809.5b₱169.1b6.2x11.9x2.5x
Tue, 05 Nov 2024₱2.2t₱780.5b₱161.2b6.5x13.5x2.8x
Thu, 03 Oct 2024₱2.3t₱782.0b₱162.0b6.9x14.3x3x
Sat, 31 Aug 2024₱2.2t₱781.4b₱206.0b6.1x10.5x2.8x
Mon, 29 Jul 2024₱2.1t₱755.8b₱219.4b5.6x9.5x2.7x
Wed, 26 Jun 2024₱2.0t₱755.8b₱219.4b5.8x8.9x2.6x
Fri, 24 May 2024₱2.0t₱756.9b₱219.6b6.4x9.2x2.7x
Sun, 21 Apr 2024₱1.9t₱725.1b₱219.2b6x8.8x2.7x
Tue, 19 Mar 2024₱2.2t₱705.3b₱185.7b7.2x11.6x3.1x
Thu, 15 Feb 2024₱2.3t₱686.9b₱181.1b7x12.5x3.3x
Sat, 13 Jan 2024₱2.2t₱686.9b₱181.1b6.7x12.2x3.2x
Mon, 11 Dec 2023₱2.1t₱686.3b₱180.7b6.8x11.7x3.1x
Wed, 08 Nov 2023₱2.0t₱664.8b₱172.0b7.1x11.7x3x
Fri, 06 Oct 2023₱2.0t₱664.8b₱172.2b7.2x11.8x3.1x
Sun, 03 Sep 2023₱2.0t₱662.2b₱169.1b7.7x11.7x3x
Tue, 01 Aug 2023₱2.1t₱645.2b₱157.8b6.6x13.3x3.3x
Thu, 29 Jun 2023₱2.1t₱645.3b₱157.8b7x13.1x3.2x
Sat, 27 May 2023₱2.1t₱646.1b₱157.8b7.4x13.4x3.3x
Mon, 24 Apr 2023₱2.1t₱617.0b₱149.3b8.2x14.2x3.4x
Wed, 22 Mar 2023₱1.9t₱579.5b₱130.5b8.2x14.7x3.3x
Fri, 17 Feb 2023₱2.3t₱586.3b₱148.2b9.2x15.7x4x
Sun, 15 Jan 2023₱2.3t₱585.9b₱148.2b9.1x15.6x4x
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 7.8x 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 Market3.49%
Real Estate1.53%
REITS8.71%
Real Estate2.01%
Office REITs-0.23%
Specialized REITs-0.56%
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 9.0% 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
SMPH SM Prime Holdings₱23.252.2%
+₱14.4b		-4.1%PE13.7x
ALI Ayala Land₱22.801.6%
+₱5.0b		-14.0%PE11.6x
RLC Robinsons Land₱17.045.4%
+₱4.2b		32.7%PE6.1x
VLL Vista Land & Lifescapes₱1.3529.8%
+₱3.9b		-12.3%PE2.1x
MEG Megaworld₱2.174.3%
+₱2.9b		13.0%PE3.4x

Latest News

VLL
₱1.35
Vista Land & Lifescapes
7D
29.8%
1Y
-12.3%
STR
₱1.18
Vistamalls
7D
-5.6%
1Y
-21.3%
ALI
₱22.80
Ayala Land
7D
1.6%
1Y
-14.0%

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

Analysts have kept their fair value estimate for Ayala Land steady at ₱32.37 per share, with only slight model adjustments to the discount rate, revenue growth, profit margin and future P/E that reflect refinements rather than a change in their overall view. What's in the News A board meeting is scheduled on October 29, 2025 to consider the declaration of a regular cash dividend of ₱0.2928 per common share for the second half of 2025 (Key Developments).
RLC
₱17.04
Robinsons Land
7D
5.4%
1Y
32.7%

RLC: Lower Growth Assumptions Will Be Offset By Higher Future P/E

Analysts have kept their fair value estimate for Robinsons Land unchanged at ₱30.00. The latest price target is framed around slightly lower projected revenue growth and profit margins, partly offset by a modestly lower discount rate and a higher assumed future P/E multiple.
CREIT
₱3.54
Citicore Energy REIT
7D
-0.8%
1Y
14.6%
SUN
₱0.73
Suntrust Resort Holdings
7D
-3.9%
1Y
-17.0%
PHC
₱1.56
Philcomsat Holdings
7D
-15.2%
1Y
n/a
MEG
₱2.17
Megaworld
7D
4.3%
1Y
13.0%

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
₱7.92
RL Commercial REIT
7D
-1.2%
1Y
34.7%
RCI
₱2.59
Roxas and Company
7D
-3.4%
1Y
-7.5%
DD
₱9.15
DoubleDragon
7D
-1.4%
1Y
-8.5%
SMPH
₱23.25
SM Prime Holdings
7D
2.2%
1Y
-4.1%
AREIT
₱43.80
AREIT
7D
0.7%
1Y
10.2%
GERI
₱0.78
Global-Estate Resorts
7D
13.0%
1Y
30.0%
FDC
₱4.69
Filinvest Development
7D
3.1%
1Y
-4.1%
PRMX
₱1.13
Primex
7D
-11.7%
1Y
-31.1%