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South African (JSE) Real Estate Sector Analysis

UpdatedJan 13, 2026
DataAggregated Company Financials
Companies34
  • 7D0.9%
  • 3M9.0%
  • 1Y22.0%
  • YTD1.0%

Over the last 7 days, the Real Estate industry has risen 1.8%, driven by gains from NEPI Rockcastle of 2.3%. This takes the industry's 12 month performance to a gain of 22%. Earnings are forecast to be flat in the coming years.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 13 Jan 2026R468.9bR101.2bR49.7b7.8x9.4x4.6x
Thu, 11 Dec 2025R452.0bR102.9bR51.7b7.5x8.7x4.4x
Sat, 08 Nov 2025R442.8bR102.1bR48.9b7.5x9x4.3x
Mon, 06 Oct 2025R418.5bR102.2bR48.7b7.8x8.6x4.1x
Wed, 03 Sep 2025R416.3bR103.3bR47.6b6.8x8.8x4x
Fri, 01 Aug 2025R407.6bR102.1bR49.5b6.8x8.2x4x
Sun, 29 Jun 2025R391.9bR101.6bR48.8b6.3x8x3.9x
Tue, 27 May 2025R381.3bR100.8bR46.7b6.1x8.2x3.8x
Thu, 24 Apr 2025R375.4bR100.6bR47.0b6.2x8x3.7x
Sat, 22 Mar 2025R372.7bR98.7bR45.7b6.2x8.1x3.8x
Mon, 17 Feb 2025R371.9bR99.0bR49.7b6x7.5x3.8x
Wed, 15 Jan 2025R362.5bR99.2bR49.9b6x7.3x3.7x
Fri, 13 Dec 2024R381.4bR98.4bR49.2b6.3x7.7x3.9x
Sun, 10 Nov 2024R366.7bR98.1bR47.5b7.4x7.7x3.7x
Tue, 08 Oct 2024R376.3bR97.4bR45.6b7.3x8.2x3.9x
Thu, 05 Sep 2024R366.5bR97.0bR44.2b7.4x8.3x3.8x
Sat, 03 Aug 2024R359.3bR95.8bR44.5b7.3x8.1x3.8x
Mon, 01 Jul 2024R346.9bR94.9bR44.0b6.9x7.9x3.7x
Wed, 29 May 2024R323.8bR92.8bR45.1b6.4x7.2x3.5x
Fri, 26 Apr 2024R319.5bR95.3bR44.0b6.5x7.3x3.4x
Sun, 24 Mar 2024R333.5bR95.2bR43.5b7x7.7x3.5x
Tue, 20 Feb 2024R313.7bR90.1bR37.9b7.4x8.3x3.5x
Thu, 18 Jan 2024R341.9bR97.9bR39.8b8.7x8.6x3.5x
Sat, 16 Dec 2023R342.0bR97.2bR39.5b8.7x8.7x3.5x
Mon, 13 Nov 2023R312.7bR96.4bR40.6b8.3x7.7x3.2x
Wed, 11 Oct 2023R313.8bR95.6bR46.4b8.1x6.8x3.3x
Fri, 08 Sep 2023R326.2bR95.5bR51.9b7x6.3x3.4x
Sun, 06 Aug 2023R332.3bR92.6bR46.9b7.9x7.1x3.6x
Tue, 04 Jul 2023R323.5bR92.7bR47.7b7.9x6.8x3.5x
Thu, 01 Jun 2023R322.5bR91.3bR47.7b7x6.8x3.5x
Sat, 29 Apr 2023R339.8bR88.4bR52.7b6.2x6.4x3.8x
Mon, 27 Mar 2023R259.1bR68.3bR41.4b7.2x6.3x3.8x
Wed, 22 Feb 2023R327.5bR83.5bR40.4b5.7x8.1x3.9x
Fri, 20 Jan 2023R338.9bR82.8bR39.6b6.1x8.6x4.1x
Price to Earnings Ratio

8.6x


Total Market Cap: R338.9bTotal Earnings: R39.6bTotal Revenue: R82.8bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Real Estate Sector Price to Earnings3Y Average 7.9x202420252026
Current Industry PE
  • Investors are optimistic on the South African Real Estate industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 9.4x which is higher than its 3-year average PE of 7.9x.
  • The 3-year average PS ratio of 3.8x is lower than the industry's current PS ratio of 4.6x.
Past Earnings Growth
  • The earnings for companies in the Real Estate industry have grown 7.8% per year over the last three years.
  • Revenues for these companies have grown 6.9% 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 South African Real Estate sector?

ZA Market2.56%
Real Estate0.93%
REITS1.20%
Real Estate1.06%
Retail REITs0.86%
Residential REITs0%0
Hotel and Resort REITs0%0
Industrial REITs-1.09%
Specialized REITs-1.40%
Office REITs-3.56%
Industry PE
  • Investors are most optimistic about the Office REITs industry which is trading above its 3-year average PE ratio.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • Investors are most pessimistic about the Specialized REITs industry, which is trading close to its 3-year average of 8.1x.
Forecasted Growth
  • Despite it being negative, analysts are least pessimistic on the Real Estate industry since they expect its earnings to decline by only 0.9% per year over the next 5 years, which isn't as bad as the other industries.
  • In contrast, the Real Estate industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
NRP NEPI RockcastleR146.592.3%
+R2.3b		7.8%PE9.6x
GRT Growthpoint PropertiesR17.741.7%
+R979.6m		44.8%PB0.9x
RDF Redefine PropertiesR6.181.8%
+R764.3m		44.1%PB0.8x
VKE Vukile Property FundR25.482.1%
+R659.7m		49.6%PB1.1x
FTA FairvestR18.001.1%
+R374.5m		-1.6%PB3.2x

Latest News

EQU
R18.10
Equites Property Fund
7D
-1.1%
1Y
26.4%
HET
R23.00
Heriot REIT
7D
3.4%
1Y
n/a
TEX
R3.56
Texton Property Fund
7D
-5.1%
1Y
-17.2%
DIB
R6.33
Dipula Properties
7D
-5.1%
1Y
24.4%
FTA
R18.00
Fairvest
7D
1.1%
1Y
-1.6%
VKE
R25.48
Vukile Property Fund
7D
2.1%
1Y
49.6%
RDF
R6.18
Redefine Properties
7D
1.8%
1Y
44.1%
SSS
R17.55
Stor-Age Property REIT
7D
-1.4%
1Y
17.6%
FFB
R22.96
Fortress Real Estate Investments
7D
-2.3%
1Y
17.6%
GRT
R17.74
Growthpoint Properties
7D
1.7%
1Y
44.8%
ATT
R16.20
Attacq
7D
-1.3%
1Y
21.1%
NRP
R146.59
NEPI Rockcastle
7D
2.3%
1Y
7.8%
LTE
R8.46
Lighthouse Properties
7D
-0.8%
1Y
5.8%
CPP
R10.60
Collins Property Group
7D
5.4%
1Y
3.4%

Collins Property Group's (JSE:CPP) Shareholders Have More To Worry About Than Only Soft Earnings

Nov 08
Collins Property Group's (JSE:CPP) Shareholders Have More To Worry About Than Only Soft Earnings
MSP
R22.43
MAS
7D
-0.3%
1Y
-1.1%
RES
R80.17
Resilient REIT
7D
1.4%
1Y
41.9%