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South African (JSE) Real Estate Sector Analysis

UpdatedSep 18, 2025
DataAggregated Company Financials
Companies35
  • 7D1.0%
  • 3M6.2%
  • 1Y4.8%
  • YTD5.9%

The Real Estate is pretty flat in the last 7 days, but Growthpoint Properties has stood out, gaining 3.6%. As for the the longer term, the industry is up 4.8% over the past 12 months. Looking forward, earnings are forecast to grow by 5.7% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 18 Sep 2025R415.7bR102.4bR48.3b7.8x8.6x4.1x
Sat, 16 Aug 2025R416.4bR102.4bR48.1b7.3x8.7x4.1x
Mon, 14 Jul 2025R396.5bR102.3bR49.6b6.4x8x3.9x
Wed, 11 Jun 2025R394.6bR100.7bR46.4b6.5x8.5x3.9x
Fri, 09 May 2025R385.5bR99.8bR46.5b6.3x8.3x3.9x
Sun, 06 Apr 2025R349.4bR100.3bR47.1b6x7.4x3.5x
Tue, 04 Mar 2025R372.9bR99.7bR49.7b6.2x7.5x3.7x
Thu, 30 Jan 2025R369.5bR99.1bR49.8b6.2x7.4x3.7x
Sat, 28 Dec 2024R377.2bR99.2bR50.0b6.2x7.5x3.8x
Mon, 25 Nov 2024R372.2bR98.2bR48.4b6.1x7.7x3.8x
Wed, 23 Oct 2024R372.6bR97.8bR45.3b6.8x8.2x3.8x
Fri, 20 Sep 2024R381.0bR97.4bR46.4b6.9x8.2x3.9x
Sun, 18 Aug 2024R373.6bR95.7bR44.1b7.3x8.5x3.9x
Tue, 16 Jul 2024R357.4bR95.8bR44.2b7.1x8.1x3.7x
Thu, 13 Jun 2024R337.7bR94.6bR45.9b6.1x7.4x3.6x
Sat, 11 May 2024R329.9bR95.2bR43.8b5.9x7.5x3.5x
Mon, 08 Apr 2024R330.1bR95.2bR43.8b6.8x7.5x3.5x
Wed, 06 Mar 2024R338.6bR91.8bR37.2b7.6x9.1x3.7x
Fri, 02 Feb 2024R357.3bR97.5bR39.4b8.7x9.1x3.7x
Sun, 31 Dec 2023R348.0bR97.4bR39.4b8.7x8.8x3.6x
Tue, 28 Nov 2023R319.3bR97.1bR40.0b8.3x8x3.3x
Thu, 26 Oct 2023R300.6bR96.1bR46.5b7.4x6.5x3.1x
Sat, 23 Sep 2023R319.2bR95.9bR48.0b8.1x6.6x3.3x
Mon, 21 Aug 2023R331.4bR92.9bR47.3b8.1x7x3.6x
Wed, 19 Jul 2023R324.5bR92.3bR47.4b7.8x6.8x3.5x
Fri, 16 Jun 2023R329.9bR91.4bR48.1b7.6x6.9x3.6x
Sun, 14 May 2023R330.8bR89.1bR53.2b5.8x6.2x3.7x
Tue, 11 Apr 2023R328.8bR87.7bR42.7b6.1x7.7x3.7x
Thu, 09 Mar 2023R330.9bR84.5bR43.6b5.5x7.6x3.9x
Sat, 04 Feb 2023R337.8bR82.8bR39.6b6.1x8.5x4.1x
Mon, 02 Jan 2023R335.1bR82.3bR39.3b5.9x8.5x4.1x
Wed, 30 Nov 2022R333.0bR80.7bR39.8b6.1x8.4x4.1x
Fri, 28 Oct 2022R320.8bR79.7bR33.1b7.8x9.7x4x
Sun, 25 Sep 2022R307.3bR79.3bR31.3b7.7x9.8x3.9x
Price to Earnings Ratio

9.8x


Total Market Cap: R307.3bTotal Earnings: R31.3bTotal Revenue: R79.3bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Real Estate Sector Price to Earnings3Y Average 7.9x202320242025
Current Industry PE
  • Investors are relatively neutral on the South African Real Estate industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 7.9x.
  • The industry is trading close to its 3-year average PS ratio of 3.7x.
Past Earnings Growth
  • The earnings for companies in the Real Estate industry have grown 16% per year over the last three years.
  • Revenues for these companies have grown 8.9% 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 Market1.50%
Real Estate0.99%
Specialized REITs1.80%
Industrial REITs1.77%
REITS1.37%
Retail REITs1.33%
Real Estate0.39%
Residential REITs0%0
Hotel and Resort REITs0%0
Office REITs-2.10%
Industry PE
  • Investors are most optimistic about the Industrial REITs industry which is trading above its 3-year average PE ratio of 2.7x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate industry, expecting annual earnings growth of 5.7% over the next 5 years.
  • This is better than its past earnings decline of 6.9% per year.
  • In contrast, the Real Estate industry is expected to see its earnings grow by 5.7% 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
GRT Growthpoint PropertiesR15.083.6%
+R1.8b		7.7%PB0.8x
HYP Hyprop InvestmentsR48.404.4%
+R1.7b		10.7%PB0.8x
FFB Fortress Real Estate InvestmentsR22.933.5%
+R939.3m		13.0%PE10.3x
RDF Redefine PropertiesR5.041.6%
+R540.2m		0.8%PB0.6x
MSP MASR21.113.0%
+R419.7m		14.8%PE5.6x

Latest News

ATT
R14.29
Attacq
7D
-4.5%
1Y
8.3%
HYP
R48.40
Hyprop Investments
7D
4.4%
1Y
10.7%
LTE
R7.94
Lighthouse Properties
7D
-0.7%
1Y
-2.0%
FTA
R18.35
Fairvest
7D
-1.3%
1Y
12.0%
GRT
R15.08
Growthpoint Properties
7D
3.6%
1Y
7.7%
FFB
R22.93
Fortress Real Estate Investments
7D
3.5%
1Y
13.0%
ANI
R3.80
Afine Investments
7D
-21.6%
1Y
-15.6%
NRP
R137.16
NEPI Rockcastle
7D
-0.4%
1Y
-3.7%
SSS
R16.39
Stor-Age Property REIT
7D
1.8%
1Y
8.0%
SEA
R10.10
Spear Reit
7D
-1.0%
1Y
5.2%
RES
R66.50
Resilient REIT
7D
1.9%
1Y
11.2%
CPP
R10.66
Collins Property Group
7D
-4.0%
1Y
15.2%
SAC
R3.06
SA Real Estate
7D
-0.3%
1Y
-0.6%
MSP
R21.11
MAS
7D
3.0%
1Y
14.8%
EQU
R17.25
Equites Property Fund
7D
1.8%
1Y
19.0%
RDF
R5.04
Redefine Properties
7D
1.6%
1Y
0.8%