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South African (JSE) Real Estate Sector Analysis

UpdatedMar 21, 2026
DataAggregated Company Financials
Companies34
  • 7D1.5%
  • 3M-1.5%
  • 1Y18.2%
  • YTD-2.9%

In the last week, the Real Estate industry is up 1.5%, with Fairvest up 5.2%. Meanwhile, MAS actually underperformed within the industry, shrinking 6.3% in the last week. This means that the industry has gained 18% over the past year. Looking forward, 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, 21 Mar 2026R452.0bR104.4bR53.5b7.8x8.5x4.3x
Mon, 16 Feb 2026R485.0bR101.0bR49.5b7.9x9.8x4.8x
Wed, 14 Jan 2026R472.1bR101.2bR49.7b7.7x9.5x4.7x
Fri, 12 Dec 2025R453.3bR102.7bR50.7b7.5x8.9x4.4x
Sun, 09 Nov 2025R442.8bR102.1bR48.9b7.5x9.1x4.3x
Tue, 07 Oct 2025R421.6bR102.1bR48.6b8x8.7x4.1x
Thu, 04 Sep 2025R410.2bR103.4bR47.6b6.8x8.6x4x
Sat, 02 Aug 2025R402.4bR102.2bR49.6b6.8x8.1x3.9x
Mon, 30 Jun 2025R391.9bR101.6bR48.8b6.3x8x3.9x
Wed, 28 May 2025R384.8bR100.8bR46.7b6.2x8.2x3.8x
Fri, 25 Apr 2025R376.9bR100.8bR47.2b6.2x8x3.7x
Sun, 23 Mar 2025R372.7bR98.7bR45.7b6.2x8.1x3.8x
Tue, 18 Feb 2025R371.6bR99.0bR49.7b6x7.5x3.8x
Thu, 16 Jan 2025R368.2bR99.0bR49.7b6.1x7.4x3.7x
Sat, 14 Dec 2024R384.4bR98.5bR49.3b6.2x7.8x3.9x
Mon, 11 Nov 2024R366.7bR98.1bR47.5b7.4x7.7x3.7x
Wed, 09 Oct 2024R375.4bR97.6bR45.9b7.2x8.2x3.8x
Fri, 06 Sep 2024R369.1bR96.9bR44.0b7.2x8.4x3.8x
Sun, 04 Aug 2024R359.3bR95.8bR44.5b7.3x8.1x3.8x
Tue, 02 Jul 2024R349.6bR95.1bR44.2b7.2x7.9x3.7x
Thu, 30 May 2024R323.8bR92.9bR44.8b6.4x7.2x3.5x
Sat, 27 Apr 2024R322.9bR95.1bR43.7b6.4x7.4x3.4x
Mon, 25 Mar 2024R333.5bR95.2bR43.5b7x7.7x3.5x
Wed, 21 Feb 2024R313.2bR90.1bR37.9b7.4x8.3x3.5x
Fri, 19 Jan 2024R340.9bR97.8bR39.7b8.7x8.6x3.5x
Sun, 17 Dec 2023R342.0bR97.2bR39.5b8.7x8.7x3.5x
Tue, 14 Nov 2023R310.6bR96.5bR40.6b8.3x7.6x3.2x
Thu, 12 Oct 2023R314.7bR95.4bR46.3b8x6.8x3.3x
Sat, 09 Sep 2023R328.0bR95.5bR51.9b7x6.3x3.4x
Mon, 07 Aug 2023R332.3bR92.6bR46.9b7.9x7.1x3.6x
Wed, 05 Jul 2023R324.7bR92.5bR47.6b7.9x6.8x3.5x
Fri, 02 Jun 2023R324.4bR91.3bR47.7b7x6.8x3.6x
Sun, 30 Apr 2023R339.8bR88.4bR52.7b6.2x6.5x3.8x
Tue, 28 Mar 2023R317.3bR86.0bR41.3b5.8x7.7x3.7x
Price to Earnings Ratio

7.7x


Total Market Cap: R317.3bTotal Earnings: R41.3bTotal Revenue: R86.0bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Real Estate Sector Price to Earnings3Y Average 8x202420252026
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 8.0x.
  • The 3-year average PS ratio of 3.8x is lower than the industry's current PS ratio of 4.3x.
Past Earnings Growth
  • The earnings for companies in the Real Estate industry have grown 9.0% per year over the last three years.
  • Revenues for these companies have grown 6.7% 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 Market-2.95%
Real Estate1.49%
REITS2.41%
Specialized REITs2.31%
Retail REITs1.88%
Office REITs0.61%
Real Estate0.46%
Industrial REITs0.18%
Residential REITs0%0
Hotel and Resort REITs0%0
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 growth rate of 3.8% 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
FTA FairvestR18.935.2%
+R1.8b		5.8%PB3.4x
FFB Fortress Real Estate InvestmentsR23.585.5%
+R1.5b		20.7%PE8.3x
GRT Growthpoint PropertiesR16.411.6%
+R880.8m		25.7%PB0.8x
RES Resilient REITR80.782.9%
+R760.7m		39.6%PB1x
SEA Spear ReitR13.5012.5%
+R593.6m		40.6%PB1.1x

Latest News

SEA
R13.50
Spear Reit
7D
12.5%
1Y
40.6%
SAC
R3.35
SA Real Estate
7D
5.7%
1Y
22.7%
FFB
R23.58
Fortress Real Estate Investments
7D
5.5%
1Y
20.7%
LTE
R7.69
Lighthouse Properties
7D
-0.1%
1Y
-3.0%
RES
R80.78
Resilient REIT
7D
2.9%
1Y
39.6%
ATT
R17.74
Attacq
7D
4.0%
1Y
34.6%
GRT
R16.41
Growthpoint Properties
7D
1.6%
1Y
25.7%
MSP
R18.90
MAS
7D
-6.3%
1Y
4.3%
OCT
R16.50
Octodec Investments
7D
14.3%
1Y
61.9%
CGR
R4.65
Calgro M3 Holdings
7D
-2.1%
1Y
-13.9%
VKE
R22.00
Vukile Property Fund
7D
-0.5%
1Y
24.1%
ANI
R4.40
Afine Investments
7D
-9.7%
1Y
14.0%
FTA
R18.93
Fairvest
7D
5.2%
1Y
5.8%
BTN
R9.26
Burstone Group
7D
-2.0%
1Y
10.5%
CPP
R10.17
Collins Property Group
7D
-3.1%
1Y
-7.4%

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