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South African (JSE) Real Estate Sector Analysis

UpdatedJul 08, 2025
DataAggregated Company Financials
Companies34
  • 7D1.8%
  • 3M10.3%
  • 1Y13.6%
  • YTD1.7%

The Real Estate industry is up 1.2% in the last week, with Growthpoint Properties up 4.6%. This means that the industry has gained 13% over the past year. As for the next few years, earnings are expected to grow by 3.2% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 08 Jul 2025R398.3bR102.2bR49.6b6.4x8x3.9x
Thu, 05 Jun 2025R390.2bR100.4bR46.4b6.5x8.4x3.9x
Sat, 03 May 2025R392.0bR100.2bR46.8b6.4x8.4x3.9x
Mon, 31 Mar 2025R367.7bR99.3bR46.3b6.1x7.9x3.7x
Wed, 26 Feb 2025R375.4bR99.1bR49.8b6.1x7.5x3.8x
Fri, 24 Jan 2025R366.0bR99.0bR49.7b6.2x7.4x3.7x
Sun, 22 Dec 2024R380.9bR98.9bR49.7b6.1x7.7x3.9x
Tue, 19 Nov 2024R372.5bR98.6bR48.6b6.4x7.7x3.8x
Thu, 17 Oct 2024R382.4bR98.0bR45.6b7.1x8.4x3.9x
Sat, 14 Sep 2024R381.2bR97.6bR45.0b7.4x8.5x3.9x
Mon, 12 Aug 2024R365.5bR95.8bR44.5b7.2x8.2x3.8x
Wed, 10 Jul 2024R352.3bR95.4bR44.1b6.9x8x3.7x
Fri, 07 Jun 2024R337.5bR95.1bR46.6b6.1x7.2x3.5x
Sun, 05 May 2024R327.4bR94.9bR43.6b5.9x7.5x3.5x
Tue, 02 Apr 2024R335.2bR95.2bR43.9b6.8x7.6x3.5x
Thu, 29 Feb 2024R337.2bR92.0bR37.2b7.4x9.1x3.7x
Sat, 27 Jan 2024R353.2bR97.6bR39.5b8.7x8.9x3.6x
Mon, 25 Dec 2023R345.7bR97.6bR39.5b8.6x8.7x3.5x
Wed, 22 Nov 2023R318.2bR96.8bR39.8b8.4x8x3.3x
Fri, 20 Oct 2023R305.8bR96.1bR46.5b7.6x6.6x3.2x
Sun, 17 Sep 2023R320.5bR95.5bR47.9b8.2x6.7x3.4x
Tue, 15 Aug 2023R334.6bR92.9bR47.1b7.5x7.1x3.6x
Thu, 13 Jul 2023R319.9bR92.4bR47.5b7.6x6.7x3.5x
Sat, 10 Jun 2023R326.1bR91.5bR48.6b7.3x6.7x3.6x
Mon, 08 May 2023R337.3bR88.5bR52.8b6.1x6.4x3.8x
Wed, 05 Apr 2023R326.9bR85.9bR41.2b6x7.9x3.8x
Fri, 03 Mar 2023R327.2bR83.9bR43.2b5.7x7.6x3.9x
Sun, 29 Jan 2023R332.5bR82.7bR39.6b6x8.4x4x
Tue, 27 Dec 2022R337.0bR82.2bR39.2b6x8.6x4.1x
Thu, 24 Nov 2022R332.3bR80.7bR39.4b6.3x8.4x4.1x
Sat, 22 Oct 2022R312.2bR80.3bR33.0b7.1x9.5x3.9x
Mon, 19 Sep 2022R322.2bR79.6bR31.7b7.9x10.2x4x
Wed, 17 Aug 2022R327.1bR75.1bR28.4b7.7x11.5x4.4x
Fri, 15 Jul 2022R305.8bR74.8bR28.7b7.1x10.7x4.1x
Price to Earnings Ratio

10.7x


Total Market Cap: R305.8bTotal Earnings: R28.7bTotal Revenue: R74.8bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Real Estate Sector Price to Earnings3Y Average 8x202320242025
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 industry is trading close to its 3-year average PS ratio of 3.7x.
Past Earnings Growth
  • The earnings for companies in the Real Estate industry have grown 20% per year over the last three years.
  • Revenues for these companies have grown 11% 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 Market1.05%
Real Estate1.82%
Industrial REITs4.10%
REITS2.77%
Retail REITs2.50%
Real Estate0.76%
Residential REITs0%0
Hotel and Resort REITs0%0
Specialized REITs-1.82%
Office REITs-6.56%
Industry PE
  • Investors are most optimistic about the Industrial REITs industry which is trading above its 3-year average PE ratio of 1.7x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate industry, expecting annual earnings growth of 3.2% over the next 5 years.
  • This is better than its past earnings growth rate of 2.0% per year.
  • In contrast, the Real Estate industry is expected to see its earnings grow by 3.2% 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 PropertiesR14.004.6%
+R2.1b		14.1%PB0.7x
RES Resilient REITR63.425.2%
+R1.0b		26.3%PB0.9x
FTA FairvestR17.983.3%
+R989.0m		16.1%PB3.4x
FFB Fortress Real Estate InvestmentsR20.803.6%
+R867.1m		27.8%PE9.1x
NRP NEPI RockcastleR136.100.9%
+R819.2m		4.3%PE7.9x

Latest News

GRT
R14.00
Growthpoint Properties
7D
4.6%
1Y
14.1%
TMT
R1.30
Trematon Capital Investments
7D
-13.3%
1Y
-38.1%

Revenues Working Against Trematon Capital Investments Limited's (JSE:TMT) Share Price Following 26% Dive

Jul 03
Revenues Working Against Trematon Capital Investments Limited's (JSE:TMT) Share Price Following 26% Dive
TEX
R2.65
Texton Property Fund
7D
-10.2%
1Y
-19.7%
OAS
R20.00
Oasis Crescent Property Fund
7D
-2.4%
1Y
2.6%
EQU
R15.74
Equites Property Fund
7D
4.1%
1Y
15.2%
RES
R63.42
Resilient REIT
7D
5.2%
1Y
26.3%
FFB
R20.80
Fortress Real Estate Investments
7D
3.6%
1Y
27.8%
SSS
R15.66
Stor-Age Property REIT
7D
-1.8%
1Y
19.0%
SEA
R10.22
Spear Reit
7D
-0.8%
1Y
16.1%
MSP
R23.12
MAS
7D
-4.7%
1Y
29.0%
FTA
R17.98
Fairvest
7D
3.3%
1Y
16.1%
NRP
R136.10
NEPI Rockcastle
7D
0.9%
1Y
4.3%
EMI
R11.00
Emira Property Fund
7D
-0.09%
1Y
-2.3%
HYP
R44.29
Hyprop Investments
7D
3.6%
1Y
35.2%
RDF
R4.70
Redefine Properties
7D
2.6%
1Y
12.2%