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South African (JSE) Real Estate Sector Analysis

UpdatedApr 22, 2026
DataAggregated Company Financials
Companies34
  • 7D0.6%
  • 3M-1.2%
  • 1Y22.6%
  • YTD1.1%

The Real Estate industry has stayed flat over the last week. As for the the longer term, the industry is up 23% over the past 12 months. Earnings are forecast to grow by 11% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 22 Apr 2026R472.4bR104.1bR51.9b7.8x9.1x4.5x
Fri, 20 Mar 2026R448.2bR104.0bR53.2b7.3x8.4x4.3x
Sun, 15 Feb 2026R485.0bR101.0bR49.5b7.9x9.8x4.8x
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
Price to Earnings Ratio

6.4x


Total Market Cap: R339.8bTotal Earnings: R52.7bTotal Revenue: R88.4bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Real Estate Sector Price to Earnings3Y Average 8x202420252026
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 9.1x which is higher than its 3-year average PE of 8.0x.
  • 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 remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have grown 5.5% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.

Industry Trends

Which industries have driven the changes within the South African Real Estate sector?

ZA Market-0.48%
Real Estate0.55%
Real Estate1.44%
Industrial REITs1.25%
Specialized REITs0.55%
Retail REITs0.22%
Residential REITs0%0
Hotel and Resort REITs0%0
REITS-0.19%
Office REITs-3.06%
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 Retail REITs industry, which is trading close to its 3-year average of 7.3x.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate industry, expecting annual earnings growth of 11% over the next 5 years.
  • This is better than its past earnings decline of 5.4% per year.
  • In contrast, the Real Estate industry is expected to see its earnings grow by 11% 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
NRP NEPI RockcastleR144.571.9%
+R1.9b		3.8%PE10.6x
VKE Vukile Property FundR24.291.5%
+R448.1m		29.7%PB1x
FFB Fortress Real Estate InvestmentsR24.211.3%
+R377.7m		27.5%PE8.6x
GRT Growthpoint PropertiesR17.110.5%
+R304.9m		38.5%PB0.9x
RES Resilient REITR83.720.9%
+R250.2m		45.3%PB1.1x

Latest News

RES
R83.72
Resilient REIT
7D
0.9%
1Y
45.3%
SEA
R12.93
Spear Reit
7D
-0.8%
1Y
37.6%
LTE
R7.73
Lighthouse Properties
7D
1.2%
1Y
-3.4%
SAC
R3.59
SA Real Estate
7D
-0.8%
1Y
24.2%
GRT
R17.11
Growthpoint Properties
7D
0.5%
1Y
38.5%
NRP
R144.57
NEPI Rockcastle
7D
1.9%
1Y
3.8%
HYP
R56.54
Hyprop Investments
7D
-1.2%
1Y
37.9%
FTA
R17.86
Fairvest
7D
-1.3%
1Y
2.1%
EMI
R14.37
Emira Property Fund
7D
-3.5%
1Y
39.0%
MSP
R20.17
MAS
7D
0.9%
1Y
8.4%
FFB
R24.21
Fortress Real Estate Investments
7D
1.3%
1Y
27.5%
ATT
R17.26
Attacq
7D
-2.0%
1Y
23.3%
DLT
R0.33
Delta Property Fund
7D
-13.2%
1Y
57.1%
VKE
R24.29
Vukile Property Fund
7D
1.5%
1Y
29.7%
ACS
R10.74
Acsion
7D
-2.4%
1Y
53.4%

Here's Why We Think Acsion (JSE:ACS) Might Deserve Your Attention Today

Feb 13
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EQU
R17.88
Equites Property Fund
7D
1.2%
1Y
22.8%