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South African (JSE) Real Estate Sector Analysis

UpdatedApr 11, 2026
DataAggregated Company Financials
Companies34
  • 7D3.6%
  • 3M-2.0%
  • 1Y27.8%
  • YTD-0.2%

The Real Estate industry is up 2.2% in the last week, with Growthpoint Properties up 6.2%. This takes the industry's 12 month performance to a gain of 26%. 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
Sat, 11 Apr 2026R465.5bR103.9bR51.8b7.9x9x4.5x
Mon, 09 Mar 2026R464.8bR102.6bR49.7b8.1x9.3x4.5x
Wed, 04 Feb 2026R477.6bR100.9bR49.4b8.1x9.7x4.7x
Fri, 02 Jan 2026R467.5bR101.5bR49.9b8.1x9.4x4.6x
Sun, 30 Nov 2025R467.2bR103.1bR50.8b8x9.2x4.5x
Tue, 28 Oct 2025R430.1bR101.9bR49.2b8.3x8.7x4.2x
Thu, 25 Sep 2025R417.0bR102.2bR48.1b6.8x8.7x4.1x
Sat, 23 Aug 2025R424.9bR103.1bR47.5b7.5x8.9x4.1x
Mon, 21 Jul 2025R399.8bR101.8bR49.3b6.2x8.1x3.9x
Wed, 18 Jun 2025R386.8bR101.7bR48.5b6.1x8x3.8x
Fri, 16 May 2025R384.1bR100.5bR46.8b6.2x8.2x3.8x
Sun, 13 Apr 2025R354.4bR101.1bR47.6b6x7.4x3.5x
Tue, 11 Mar 2025R365.7bR100.1bR50.3b6x7.3x3.7x
Thu, 06 Feb 2025R369.1bR99.0bR49.7b6.1x7.4x3.7x
Sat, 04 Jan 2025R379.7bR99.0bR49.8b6.2x7.6x3.8x
Mon, 02 Dec 2024R375.0bR98.7bR48.7b6.1x7.7x3.8x
Wed, 30 Oct 2024R375.1bR98.0bR45.5b7x8.2x3.8x
Fri, 27 Sep 2024R381.4bR97.0bR46.1b7x8.3x3.9x
Sun, 25 Aug 2024R374.4bR95.6bR44.8b7.7x8.3x3.9x
Tue, 23 Jul 2024R351.1bR95.7bR44.4b6.9x7.9x3.7x
Thu, 20 Jun 2024R363.1bR94.2bR45.5b6.4x8x3.9x
Sat, 18 May 2024R328.2bR94.0bR45.9b6.7x7.2x3.5x
Mon, 15 Apr 2024R325.1bR95.1bR43.7b6.7x7.4x3.4x
Wed, 13 Mar 2024R339.8bR91.8bR37.2b7.5x9.1x3.7x
Fri, 09 Feb 2024R323.5bR90.1bR37.9b7.6x8.5x3.6x
Sun, 07 Jan 2024R343.5bR97.7bR39.6b8.6x8.7x3.5x
Tue, 05 Dec 2023R329.2bR97.6bR39.8b8.2x8.3x3.4x
Thu, 02 Nov 2023R306.3bR95.7bR46.3b7.7x6.6x3.2x
Sat, 30 Sep 2023R315.2bR95.4bR46.8b7.8x6.7x3.3x
Mon, 28 Aug 2023R336.2bR94.1bR48.7b8.2x6.9x3.6x
Wed, 26 Jul 2023R325.7bR91.8bR46.2b7.8x7x3.5x
Fri, 23 Jun 2023R325.2bR92.3bR47.7b8x6.8x3.5x
Sun, 21 May 2023R329.1bR91.0bR51.0b6x6.5x3.6x
Tue, 18 Apr 2023R340.1bR88.2bR52.5b6.3x6.5x3.9x
Price to Earnings Ratio

6.5x


Total Market Cap: R340.1bTotal Earnings: R52.5bTotal Revenue: R88.2bTotal 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 8.9x 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 4.4x.
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 5.7% 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 Market2.44%
Real Estate3.56%
REITS6.51%
Specialized REITs4.00%
Industrial REITs3.22%
Real Estate2.36%
Retail REITs1.47%
Residential REITs0%0
Hotel and Resort REITs0%0
Office REITs-1.26%
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
GRT Growthpoint PropertiesR17.316.6%
+R3.6b		44.5%PB0.9x
RDF Redefine PropertiesR6.467.7%
+R3.2b		61.9%PB0.8x
NRP NEPI RockcastleR140.002.3%
+R2.2b		6.9%PE10.3x
FFB Fortress Real Estate InvestmentsR23.484.7%
+R1.3b		31.4%PE8.3x
SAC SA Real EstateR3.659.6%
+R875.6m		34.2%PB0.9x

Latest News

SAC
R3.65
SA Real Estate
7D
9.6%
1Y
34.2%
GRT
R17.31
Growthpoint Properties
7D
6.6%
1Y
44.5%
NRP
R140.00
NEPI Rockcastle
7D
2.3%
1Y
6.9%
HYP
R56.25
Hyprop Investments
7D
3.6%
1Y
48.7%
FTA
R18.09
Fairvest
7D
-0.6%
1Y
0.6%
FFB
R23.48
Fortress Real Estate Investments
7D
4.7%
1Y
31.4%
ATT
R17.40
Attacq
7D
6.4%
1Y
39.1%
DLT
R0.31
Delta Property Fund
7D
-6.1%
1Y
19.2%
RDF
R6.46
Redefine Properties
7D
7.7%
1Y
61.9%
VKE
R23.27
Vukile Property Fund
7D
2.7%
1Y
31.4%
TMT
R1.11
Trematon Capital Investments
7D
-3.5%
1Y
-44.5%

Benign Growth For Trematon Capital Investments Limited (JSE:TMT) Underpins Its Share Price

Feb 14
Benign Growth For Trematon Capital Investments Limited (JSE:TMT) Underpins Its Share Price
APF
R0.63
Accelerate Property Fund
7D
-4.5%
1Y
26.0%