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South African (JSE) Real Estate Sector Analysis

UpdatedApr 01, 2026
DataAggregated Company Financials
Companies34
  • 7D-1.1%
  • 3M-4.9%
  • 1Y17.1%
  • YTD-4.5%

Over the last 7 days, the Real Estate industry has dropped 1.1%, driven by a pullback from Fortress Real Estate Investments of 5.1%. On the other hand Fairvest is actually up 6.8%. In the past year, the industry has gained 17%. 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, 01 Apr 2026R444.4bR104.2bR52.0b7.6x8.5x4.3x
Fri, 27 Feb 2026R491.7bR101.6bR48.2b8.2x10.2x4.8x
Sun, 25 Jan 2026R472.7bR101.2bR49.6b7.9x9.5x4.7x
Tue, 23 Dec 2025R460.6bR102.4bR50.6b7.7x9.1x4.5x
Thu, 20 Nov 2025R457.3bR102.1bR48.7b8.2x9.4x4.5x
Sat, 18 Oct 2025R422.0bR102.1bR49.2b8.2x8.6x4.1x
Mon, 15 Sep 2025R416.3bR101.9bR49.2b6.8x8.5x4.1x
Wed, 13 Aug 2025R413.1bR101.8bR48.8b6.8x8.5x4.1x
Fri, 11 Jul 2025R399.1bR102.0bR49.5b6.4x8.1x3.9x
Sun, 08 Jun 2025R392.3bR100.8bR46.4b6.4x8.4x3.9x
Tue, 06 May 2025R389.8bR100.0bR46.7b6.3x8.4x3.9x
Thu, 03 Apr 2025R367.7bR99.8bR46.7b6.2x7.9x3.7x
Sat, 01 Mar 2025R378.5bR99.8bR51.1b6.1x7.4x3.8x
Mon, 27 Jan 2025R365.9bR99.0bR49.7b6.1x7.4x3.7x
Wed, 25 Dec 2024R378.6bR99.0bR49.8b6.2x7.6x3.8x
Fri, 22 Nov 2024R371.7bR98.4bR47.1b6.2x7.9x3.8x
Sun, 20 Oct 2024R374.1bR98.0bR45.5b6.9x8.2x3.8x
Tue, 17 Sep 2024R380.9bR96.1bR43.9b7.9x8.7x4x
Thu, 15 Aug 2024R367.9bR95.7bR44.5b7.3x8.3x3.8x
Sat, 13 Jul 2024R353.5bR95.4bR44.1b7.1x8x3.7x
Mon, 10 Jun 2024R339.2bR94.9bR46.4b6.1x7.3x3.6x
Wed, 08 May 2024R325.6bR95.2bR43.9b5.8x7.4x3.4x
Fri, 05 Apr 2024R333.6bR95.3bR43.9b6.7x7.6x3.5x
Sun, 03 Mar 2024R340.1bR91.8bR37.0b7.4x9.2x3.7x
Tue, 30 Jan 2024R356.3bR97.6bR39.5b8.7x9x3.7x
Thu, 28 Dec 2023R349.4bR97.6bR39.6b8.6x8.8x3.6x
Sat, 25 Nov 2023R321.5bR97.2bR40.1b8.3x8x3.3x
Mon, 23 Oct 2023R300.8bR96.1bR46.4b7.3x6.5x3.1x
Wed, 20 Sep 2023R318.4bR95.5bR47.9b8.4x6.7x3.3x
Fri, 18 Aug 2023R334.2bR93.0bR47.3b8.4x7.1x3.6x
Sun, 16 Jul 2023R322.4bR92.5bR47.6b7.8x6.8x3.5x
Tue, 13 Jun 2023R324.4bR91.5bR48.3b7.4x6.7x3.5x
Thu, 11 May 2023R331.1bR88.9bR53.0b5.8x6.2x3.7x
Sat, 08 Apr 2023R328.8bR87.7bR42.7b6.1x7.7x3.7x
Price to Earnings Ratio

7.7x


Total Market Cap: R328.8bTotal Earnings: R42.7bTotal Revenue: R87.7bTotal 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 6.8% per year over the last three years.
  • Revenues for these companies have grown 5.9% 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 Market2.00%
Real Estate-1.14%
Retail REITs0.12%
Residential REITs0%0
Hotel and Resort REITs0%0
REITS-1.32%
Industrial REITs-1.35%
Real Estate-1.70%
Specialized REITs-2.74%
Office REITs-6.77%
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
FTA FairvestR18.806.8%
+R2.3b		4.5%PB3.4x
EXP Exemplar REITailR17.3511.9%
+R620.5m		32.4%PB1x
EMI Emira Property FundR13.503.1%
+R186.8m		26.1%PB0.6x
OCT Octodec InvestmentsR15.650.6%
+R26.6m		51.9%PB0.6x
OAS Oasis Crescent Property FundR25.751.4%
+R22.7m		25.6%PB0.9x

Latest News

EMI
R13.50
Emira Property Fund
7D
3.1%
1Y
26.1%
NRP
R135.78
NEPI Rockcastle
7D
-0.3%
1Y
1.8%

Weak Statutory Earnings May Not Tell The Whole Story For NEPI Rockcastle (JSE:NRP)

Mar 30
Weak Statutory Earnings May Not Tell The Whole Story For NEPI Rockcastle (JSE:NRP)
FFB
R22.10
Fortress Real Estate Investments
7D
-5.1%
1Y
15.5%
GRT
R16.17
Growthpoint Properties
7D
-0.6%
1Y
24.7%
LTE
R7.45
Lighthouse Properties
7D
-2.0%
1Y
-6.3%
ATT
R16.38
Attacq
7D
-7.9%
1Y
24.3%
HYP
R53.72
Hyprop Investments
7D
-3.1%
1Y
27.0%
EXP
R17.35
Exemplar REITail
7D
11.9%
1Y
32.4%
VIS
R0.04
Visual International Holdings
7D
33.3%
1Y
100.0%
RDF
R5.95
Redefine Properties
7D
-1.3%
1Y
39.0%
OCT
R15.65
Octodec Investments
7D
0.6%
1Y
51.9%
TMT
R1.10
Trematon Capital Investments
7D
5.8%
1Y
-40.9%

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
ACS
R11.00
Acsion
7D
-14.1%
1Y
57.8%

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

Feb 13
Here's Why We Think Acsion (JSE:ACS) Might Deserve Your Attention Today
OAS
R25.75
Oasis Crescent Property Fund
7D
1.4%
1Y
25.6%
FTA
R18.80
Fairvest
7D
6.8%
1Y
4.5%
CPP
R10.26
Collins Property Group
7D
0.5%
1Y
0.1%

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