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South African (JSE) Real Estate Sector Analysis
UpdatedApr 08, 2026
DataAggregated Company Financials
Companies34
- 7D-1.0%
- 3M-5.7%
- 1Y25.1%
- YTD-4.0%
Over the last 7 days, the Real Estate industry has dropped 1.0%, driven by Fairvest declining 16%. In the past year, the industry has gained 25%. 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?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 08 Apr 2026 | R447.2b | R104.1b | R51.9b | 7.6x | 8.6x | 4.3x |
| Fri, 06 Mar 2026 | R476.2b | R102.5b | R49.3b | 8.3x | 9.7x | 4.6x |
| Sun, 01 Feb 2026 | R470.8b | R101.3b | R49.7b | 7.9x | 9.5x | 4.6x |
| Tue, 30 Dec 2025 | R464.6b | R101.8b | R50.1b | 7.9x | 9.3x | 4.6x |
| Thu, 27 Nov 2025 | R467.6b | R102.0b | R49.6b | 8x | 9.4x | 4.6x |
| Sat, 25 Oct 2025 | R429.2b | R101.9b | R49.2b | 8.3x | 8.7x | 4.2x |
| Mon, 22 Sep 2025 | R417.5b | R102.2b | R48.1b | 6.8x | 8.7x | 4.1x |
| Wed, 20 Aug 2025 | R419.3b | R102.6b | R48.1b | 7.3x | 8.7x | 4.1x |
| Fri, 18 Jul 2025 | R400.2b | R101.9b | R49.4b | 6.2x | 8.1x | 3.9x |
| Sun, 15 Jun 2025 | R387.2b | R101.2b | R46.8b | 6.4x | 8.3x | 3.8x |
| Tue, 13 May 2025 | R387.4b | R99.6b | R46.4b | 6.4x | 8.4x | 3.9x |
| Thu, 10 Apr 2025 | R348.4b | R100.6b | R47.3b | 6x | 7.4x | 3.5x |
| Sat, 08 Mar 2025 | R367.8b | R100.1b | R50.2b | 6x | 7.3x | 3.7x |
| Mon, 03 Feb 2025 | R369.6b | R99.1b | R49.8b | 6.2x | 7.4x | 3.7x |
| Wed, 01 Jan 2025 | R376.7b | R99.4b | R50.2b | 6.2x | 7.5x | 3.8x |
| Fri, 29 Nov 2024 | R374.7b | R98.6b | R48.5b | 6.2x | 7.7x | 3.8x |
| Sun, 27 Oct 2024 | R375.9b | R98.0b | R45.5b | 6.9x | 8.3x | 3.8x |
| Tue, 24 Sep 2024 | R378.7b | R97.3b | R46.3b | 6.8x | 8.2x | 3.9x |
| Thu, 22 Aug 2024 | R367.6b | R95.7b | R44.9b | 7.7x | 8.2x | 3.8x |
| Sat, 20 Jul 2024 | R349.0b | R95.8b | R44.2b | 6.7x | 7.9x | 3.6x |
| Mon, 17 Jun 2024 | R340.7b | R94.5b | R45.7b | 6.1x | 7.5x | 3.6x |
| Wed, 15 May 2024 | R329.1b | R94.9b | R43.9b | 6x | 7.5x | 3.5x |
| Fri, 12 Apr 2024 | R330.5b | R95.0b | R43.7b | 6.8x | 7.6x | 3.5x |
| Sun, 10 Mar 2024 | R341.9b | R92.0b | R37.3b | 7.8x | 9.2x | 3.7x |
| Tue, 06 Feb 2024 | R323.5b | R90.1b | R37.9b | 7.5x | 8.5x | 3.6x |
| Thu, 04 Jan 2024 | R348.7b | R97.7b | R39.6b | 8.7x | 8.8x | 3.6x |
| Sat, 02 Dec 2023 | R325.7b | R97.6b | R39.7b | 8.1x | 8.2x | 3.3x |
| Mon, 30 Oct 2023 | R298.1b | R95.9b | R46.5b | 7.4x | 6.4x | 3.1x |
| Wed, 27 Sep 2023 | R316.0b | R95.9b | R48.0b | 7.8x | 6.6x | 3.3x |
| Fri, 25 Aug 2023 | R335.9b | R94.2b | R48.9b | 8.2x | 6.9x | 3.6x |
| Sun, 23 Jul 2023 | R326.1b | R92.2b | R46.6b | 7.8x | 7x | 3.5x |
| Tue, 20 Jun 2023 | R331.7b | R91.9b | R47.9b | 7.6x | 6.9x | 3.6x |
| Thu, 18 May 2023 | R326.1b | R90.4b | R51.8b | 5.8x | 6.3x | 3.6x |
| Sat, 15 Apr 2023 | R340.8b | R87.8b | R52.0b | 7.2x | 6.6x | 3.9x |
Price to Earnings Ratio
6.6x
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 remained mostly flat over the last three years.
- Meanwhile revenues for these companies have grown 5.9% 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 | -1.37% | |
| Real Estate | -1.04% | |
| REITS | 0.18% | |
| Industrial REITs | 0.06% | |
| Residential REITs | 0% | 0 |
| Hotel and Resort REITs | 0% | 0 |
| Office REITs | 0% | 0 |
| Specialized REITs | -0.059% | |
| Real Estate | -1.24% | |
| Retail REITs | -2.51% | |
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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| EMI Emira Property Fund | R13.90 | 3.0% +R186.8m | 44.0% | PB0.7x | |
| SEA Spear Reit | R12.69 | 3.2% +R154.3m | 39.1% | PB1x | |
| OAS Oasis Crescent Property Fund | R27.98 | 8.7% +R144.5m | 36.5% | PB1x | |
| SAC SA Real Estate | R3.36 | 1.5% +R136.8m | 27.8% | PB0.8x | |
| CPP Collins Property Group | R10.50 | 2.3% +R79.3m | 2.4% | PE6.1x |