Have your own idea? Try our Stock Screener
South African (JSE) Real Estate Sector Analysis
UpdatedApr 14, 2025
DataAggregated Company Financials
Companies34
- 7D2.0%
- 3M-4.7%
- 1Y9.6%
- YTD-8.5%
Over the last 7 days, the Real Estate industry has risen 2.0%, driven by gains from NEPI Rockcastle of 3.1%. This means that the industry has gained 9.6% over the past year. Looking forward, earnings are forecast to decline by 2.3% per year.
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 |
|---|---|---|---|---|---|---|
| Mon, 14 Apr 2025 | R354.4b | R101.1b | R47.6b | 6x | 7.4x | 3.5x |
| Wed, 12 Mar 2025 | R365.6b | R100.3b | R50.8b | 6x | 7.2x | 3.6x |
| Fri, 07 Feb 2025 | R366.6b | R98.9b | R49.6b | 6.2x | 7.4x | 3.7x |
| Sun, 05 Jan 2025 | R379.7b | R99.0b | R49.8b | 6.2x | 7.6x | 3.8x |
| Tue, 03 Dec 2024 | R376.6b | R98.7b | R48.7b | 6.1x | 7.7x | 3.8x |
| Thu, 31 Oct 2024 | R371.9b | R98.1b | R45.6b | 7x | 8.2x | 3.8x |
| Sat, 28 Sep 2024 | R383.0b | R96.9b | R46.0b | 6.9x | 8.3x | 4x |
| Mon, 26 Aug 2024 | R374.4b | R95.6b | R44.8b | 7.7x | 8.3x | 3.9x |
| Wed, 24 Jul 2024 | R353.6b | R95.8b | R44.5b | 7.1x | 7.9x | 3.7x |
| Fri, 21 Jun 2024 | R353.7b | R94.2b | R45.5b | 6.1x | 7.8x | 3.8x |
| Sun, 19 May 2024 | R328.2b | R94.0b | R45.9b | 6.7x | 7.1x | 3.5x |
| Tue, 16 Apr 2024 | R325.4b | R95.1b | R43.7b | 6.8x | 7.4x | 3.4x |
| Thu, 14 Mar 2024 | R337.4b | R92.4b | R43.1b | 7x | 7.8x | 3.7x |
| Sat, 10 Feb 2024 | R321.9b | R90.2b | R37.9b | 7.6x | 8.5x | 3.6x |
| Mon, 08 Jan 2024 | R343.5b | R97.7b | R39.6b | 8.6x | 8.7x | 3.5x |
| Wed, 06 Dec 2023 | R332.5b | R97.7b | R39.9b | 8.4x | 8.3x | 3.4x |
| Fri, 03 Nov 2023 | R310.7b | R95.6b | R46.2b | 7.7x | 6.7x | 3.2x |
| Sun, 01 Oct 2023 | R315.2b | R95.3b | R46.8b | 7.8x | 6.7x | 3.3x |
| Tue, 29 Aug 2023 | R337.6b | R94.0b | R48.7b | 8.2x | 6.9x | 3.6x |
| Thu, 27 Jul 2023 | R325.6b | R91.9b | R46.3b | 7.8x | 7x | 3.5x |
| Sat, 24 Jun 2023 | R319.6b | R92.1b | R47.7b | 7.8x | 6.7x | 3.5x |
| Mon, 22 May 2023 | R329.1b | R91.0b | R51.0b | 6x | 6.5x | 3.6x |
| Wed, 19 Apr 2023 | R339.2b | R88.1b | R52.5b | 6.4x | 6.5x | 3.8x |
| Fri, 17 Mar 2023 | R318.9b | R84.7b | R41.4b | 6x | 7.7x | 3.8x |
| Sun, 12 Feb 2023 | R333.4b | R83.0b | R39.9b | 6x | 8.4x | 4x |
| Tue, 10 Jan 2023 | R336.8b | R82.3b | R39.3b | 6x | 8.6x | 4.1x |
| Thu, 08 Dec 2022 | R328.2b | R82.1b | R39.0b | 5.9x | 8.4x | 4x |
| Sat, 05 Nov 2022 | R317.3b | R79.6b | R33.2b | 7.9x | 9.6x | 4x |
| Mon, 03 Oct 2022 | R296.1b | R79.8b | R32.8b | 7.3x | 9x | 3.7x |
| Wed, 31 Aug 2022 | R311.3b | R77.6b | R30.6b | 7.1x | 10.2x | 4x |
| Fri, 29 Jul 2022 | R319.2b | R75.3b | R28.6b | 7.4x | 11.2x | 4.2x |
| Sun, 26 Jun 2022 | R308.9b | R73.2b | R27.1b | 7.3x | 11.4x | 4.2x |
| Tue, 24 May 2022 | R314.2b | R72.6b | R22.6b | 8.2x | 13.9x | 4.3x |
| Thu, 21 Apr 2022 | R330.5b | R71.6b | R22.1b | 9.1x | 14.9x | 4.6x |
Price to Earnings Ratio
14.9x
Current Industry PE
- Investors are pessimistic on the South African Real Estate industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 7.4x which is lower than its 3-year average PE of 8.4x.
- The industry is trading close to its 3-year average PS ratio of 3.8x.
Past Earnings Growth
- The earnings for companies in the Real Estate industry have grown 29% per year over the last three years.
- Revenues for these companies have grown 12% 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 | 4.52% | |
| Real Estate | 2.00% | |
| Specialized REITs | 5.20% | |
| Industrial REITs | 3.07% | |
| Real Estate | 2.40% | |
| Retail REITs | 1.69% | |
| REITS | 1.47% | |
| Residential REITs | 0% | 0 |
| Hotel and Resort REITs | 0% | 0 |
| Office REITs | -5.33% | |
Industry PE
- Investors are most optimistic about the Industrial REITs industry which is trading above its 3-year average PE ratio of 0.42x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
- Despite it being negative, analysts are least pessimistic on the Real Estate industry since they expect its earnings to decline by only 2.3% per year over the next 5 years, which isn't as bad as the other industries.
- This is a reversal from its past annual earnings growth rate of 23% per year.
- In contrast, the Real Estate industry is expected to see its earnings decline by 2.3% 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 | |
|---|---|---|---|---|---|
| NRP NEPI Rockcastle | R131.00 | 3.1% +R2.8b | 1.4% | PE7.3x | |
| VKE Vukile Property Fund | R17.71 | 6.9% +R1.4b | 19.0% | PB0.8x | |
| RDF Redefine Properties | R3.99 | 3.1% +R810.3m | 1.8% | PB0.5x | |
| ACS Acsion | R6.00 | 33.3% +R577.3m | -10.8% | PE2.8x | |
| FFB Fortress Real Estate Investments | R17.87 | 2.7% +R566.0m | 24.2% | PE7.8x |