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South African (JSE) Real Estate Sector Analysis

UpdatedJan 24, 2026
DataAggregated Company Financials
Companies34
  • 7D0.8%
  • 3M9.7%
  • 1Y23.4%
  • YTD1.9%

The Real Estate is pretty flat in the last 7 days, but Fairvest has stood out, gaining 5.5%. The past year has been better, since the industry has gained 23% in that time. 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
Sat, 24 Jan 2026R472.7bR101.1bR49.6b7.9x9.5x4.7x
Mon, 22 Dec 2025R460.6bR102.4bR50.6b7.6x9.1x4.5x
Wed, 19 Nov 2025R454.6bR102.1bR48.7b8.2x9.3x4.5x
Fri, 17 Oct 2025R421.4bR102.1bR49.2b8.2x8.6x4.1x
Sun, 14 Sep 2025R416.3bR101.9bR49.2b6.8x8.5x4.1x
Tue, 12 Aug 2025R410.9bR101.9bR48.9b6.7x8.4x4x
Thu, 10 Jul 2025R396.6bR102.1bR49.5b6.4x8x3.9x
Sat, 07 Jun 2025R392.3bR100.7bR46.3b6.4x8.5x3.9x
Mon, 05 May 2025R392.0bR100.2bR46.8b6.4x8.4x3.9x
Wed, 02 Apr 2025R371.0bR99.2bR46.3b6.1x8x3.7x
Fri, 28 Feb 2025R378.5bR99.6bR51.0b6.1x7.4x3.8x
Sun, 26 Jan 2025R365.9bR99.0bR49.7b6.1x7.4x3.7x
Tue, 24 Dec 2024R380.0bR99.0bR49.9b6.2x7.6x3.8x
Thu, 21 Nov 2024R369.8bR98.5bR48.5b6.4x7.6x3.8x
Sat, 19 Oct 2024R374.1bR98.0bR45.5b6.9x8.2x3.8x
Mon, 16 Sep 2024R381.2bR97.6bR45.0b7.4x8.5x3.9x
Wed, 14 Aug 2024R365.2bR95.7bR44.5b7x8.2x3.8x
Fri, 12 Jul 2024R351.8bR95.3bR44.1b7.1x8x3.7x
Sun, 09 Jun 2024R339.2bR94.9bR46.4b6.1x7.3x3.6x
Tue, 07 May 2024R326.7bR94.9bR43.6b5.9x7.5x3.4x
Thu, 04 Apr 2024R331.3bR95.2bR43.8b6.7x7.6x3.5x
Sat, 02 Mar 2024R340.1bR91.8bR37.1b7.4x9.2x3.7x
Mon, 29 Jan 2024R353.2bR97.6bR39.5b8.7x8.9x3.6x
Wed, 27 Dec 2023R345.7bR97.6bR39.5b8.6x8.7x3.5x
Fri, 24 Nov 2023R320.6bR97.1bR40.0b8.3x8x3.3x
Sun, 22 Oct 2023R300.8bR96.1bR46.4b7.3x6.5x3.1x
Tue, 19 Sep 2023R319.9bR95.6bR47.9b8.3x6.7x3.3x
Thu, 17 Aug 2023R338.2bR93.1bR47.4b8.3x7.1x3.6x
Sat, 15 Jul 2023R322.4bR92.5bR47.6b7.8x6.8x3.5x
Mon, 12 Jun 2023R326.1bR91.5bR48.6b7.3x6.7x3.6x
Wed, 10 May 2023R333.4bR88.6bR52.8b5.9x6.3x3.8x
Fri, 07 Apr 2023R330.1bR86.1bR41.4b6.1x8x3.8x
Sun, 05 Mar 2023R329.6bR83.9bR43.3b5.7x7.6x3.9x
Tue, 31 Jan 2023R332.0bR82.9bR39.7b5.9x8.4x4x
Price to Earnings Ratio

8.4x


Total Market Cap: R332.0bTotal Earnings: R39.7bTotal Revenue: R82.9bTotal 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 9.5x 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 4.7x.
Past Earnings Growth
  • The earnings for companies in the Real Estate industry have grown 7.7% 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 Market2.10%
Real Estate0.82%
Office REITs6.01%
Retail REITs1.40%
Industrial REITs1.08%
REITS0.70%
Real Estate0.55%
Residential REITs0%0
Hotel and Resort REITs0%0
Specialized REITs-0.39%
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
FTA FairvestR18.505.5%
+R1.9b		1.4%PB3.3x
NRP NEPI RockcastleR147.390.9%
+R952.4m		7.2%PE9.7x
RDF Redefine PropertiesR6.321.9%
+R833.8m		45.3%PB0.8x
GRT Growthpoint PropertiesR17.850.8%
+R472.9m		46.2%PB0.9x
RES Resilient REITR81.521.6%
+R427.0m		41.2%PB1.2x

Latest News

RES
R81.52
Resilient REIT
7D
1.6%
1Y
41.2%
BTN
R9.27
Burstone Group
7D
-1.0%
1Y
8.5%
EQU
R18.70
Equites Property Fund
7D
1.1%
1Y
31.8%
HYP
R57.50
Hyprop Investments
7D
1.2%
1Y
30.7%
FTA
R18.50
Fairvest
7D
5.5%
1Y
1.4%
SAC
R3.55
SA Real Estate
7D
-1.7%
1Y
21.2%
RDF
R6.32
Redefine Properties
7D
1.9%
1Y
45.3%
SSS
R17.72
Stor-Age Property REIT
7D
-0.4%
1Y
20.3%
FFB
R23.95
Fortress Real Estate Investments
7D
1.3%
1Y
24.2%
GRT
R17.85
Growthpoint Properties
7D
0.8%
1Y
46.2%
EMI
R13.26
Emira Property Fund
7D
-1.3%
1Y
25.7%
NRP
R147.39
NEPI Rockcastle
7D
0.9%
1Y
7.2%
LTE
R8.55
Lighthouse Properties
7D
-0.6%
1Y
13.2%
CPP
R10.00
Collins Property Group
7D
-5.7%
1Y
-2.5%

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
R22.20
MAS
7D
-0.8%
1Y
3.6%
CGR
R4.70
Calgro M3 Holdings
7D
-6.2%
1Y
-22.1%