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South African (JSE) Real Estate Sector Analysis

UpdatedMar 29, 2026
DataAggregated Company Financials
Companies34
  • 7D-1.1%
  • 3M-3.9%
  • 1Y18.4%
  • YTD-4.0%

Over the last 7 days, the Real Estate industry has dropped 1.1%, driven by Fairvest declining 4.4%. This takes the industry's 12 month performance to a gain of 18%. 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
Sun, 29 Mar 2026R447.2bR104.4bR52.1b7.7x8.6x4.3x
Tue, 24 Feb 2026R496.6bR101.0bR49.5b8.2x10x4.9x
Thu, 22 Jan 2026R471.9bR101.1bR49.6b7.9x9.5x4.7x
Sat, 20 Dec 2025R460.6bR102.4bR50.6b7.6x9.1x4.5x
Mon, 17 Nov 2025R453.3bR102.1bR48.7b9.1x9.3x4.4x
Wed, 15 Oct 2025R427.2bR102.0bR49.1b8.1x8.7x4.2x
Fri, 12 Sep 2025R414.9bR103.0bR47.3b6.8x8.8x4x
Sun, 10 Aug 2025R408.4bR101.9bR49.4b6.8x8.3x4x
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
Price to Earnings Ratio

7.9x


Total Market Cap: R326.9bTotal Earnings: R41.2bTotal Revenue: R85.9bTotal 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 8.1% 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 Market0.99%
Real Estate-1.12%
Residential REITs0%0
Hotel and Resort REITs0%0
Real Estate-0.076%
Industrial REITs-0.53%
Retail REITs-1.31%
Specialized REITs-1.68%
REITS-2.09%
Office REITs-3.83%
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
NRP NEPI RockcastleR136.420.7%
+R653.9m		3.6%PE9.9x
EXP Exemplar REITailR17.3511.9%
+R620.5m		32.4%PB1x
VKE Vukile Property FundR22.321.5%
+R398.3m		28.6%PB0.9x
ACS AcsionR12.803.9%
+R184.5m		85.5%PE3.2x
EMI Emira Property FundR13.501.3%
+R79.4m		24.8%PB0.6x

Latest News

FFB
R22.82
Fortress Real Estate Investments
7D
-3.2%
1Y
20.6%
GRT
R16.14
Growthpoint Properties
7D
-1.6%
1Y
24.6%
SEA
R11.74
Spear Reit
7D
-13.0%
1Y
23.6%
DIB
R6.36
Dipula Properties
7D
-10.4%
1Y
23.5%
RES
R79.45
Resilient REIT
7D
-1.6%
1Y
39.0%
HYP
R53.88
Hyprop Investments
7D
-3.5%
1Y
26.9%
EXP
R17.35
Exemplar REITail
7D
11.9%
1Y
32.4%
DLT
R0.34
Delta Property Fund
7D
6.3%
1Y
30.8%
NRP
R136.42
NEPI Rockcastle
7D
0.7%
1Y
3.6%
RDF
R5.92
Redefine Properties
7D
-2.0%
1Y
39.6%
VKE
R22.32
Vukile Property Fund
7D
1.5%
1Y
28.6%
ACS
R12.80
Acsion
7D
3.9%
1Y
85.5%

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ANI
R5.00
Afine Investments
7D
13.6%
1Y
29.5%
FTA
R18.09
Fairvest
7D
-4.4%
1Y
1.1%
APF
R0.70
Accelerate Property Fund
7D
1.4%
1Y
37.3%
EMI
R13.50
Emira Property Fund
7D
1.3%
1Y
24.8%