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South African (JSE) Real Estate Sector Analysis

UpdatedJul 09, 2025
DataAggregated Company Financials
Companies34
  • 7D0.4%
  • 3M12.4%
  • 1Y12.8%
  • YTD1.1%

Over the last 7 days, the Real Estate industry has risen 1.8%, driven by gains from NEPI Rockcastle of 0.7%. This means that the industry has gained 14% over the past year. Looking forward, earnings are forecast to grow by 3.2% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 09 Jul 2025R396.1bR102.1bR49.5b6.4x8x3.9x
Fri, 06 Jun 2025R388.4bR100.4bR46.3b6.4x8.4x3.9x
Sun, 04 May 2025R392.0bR100.2bR46.8b6.4x8.4x3.9x
Tue, 01 Apr 2025R367.2bR99.1bR46.2b6.1x7.9x3.7x
Thu, 27 Feb 2025R377.1bR99.8bR51.1b6.1x7.4x3.8x
Sat, 25 Jan 2025R365.9bR99.0bR49.8b6.1x7.4x3.7x
Mon, 23 Dec 2024R380.9bR98.9bR49.7b6.1x7.7x3.9x
Wed, 20 Nov 2024R368.8bR98.6bR48.6b6.4x7.6x3.7x
Fri, 18 Oct 2024R375.5bR98.0bR45.5b6.8x8.2x3.8x
Sun, 15 Sep 2024R381.2bR97.6bR45.0b7.4x8.5x3.9x
Tue, 13 Aug 2024R363.1bR95.8bR44.5b7.1x8.2x3.8x
Thu, 11 Jul 2024R351.0bR95.4bR44.1b7x8x3.7x
Sat, 08 Jun 2024R339.2bR94.9bR46.4b6.1x7.3x3.6x
Mon, 06 May 2024R327.4bR94.9bR43.6b5.9x7.5x3.5x
Wed, 03 Apr 2024R332.2bR95.1bR43.8b6.7x7.6x3.5x
Fri, 01 Mar 2024R305.5bR85.7bR31.2b7.5x9.8x3.6x
Sun, 28 Jan 2024R353.2bR97.6bR39.5b8.7x8.9x3.6x
Tue, 26 Dec 2023R345.7bR97.6bR39.5b8.6x8.7x3.5x
Thu, 23 Nov 2023R316.3bR97.0bR39.9b8.3x7.9x3.3x
Sat, 21 Oct 2023R300.8bR96.0bR46.4b7.3x6.5x3.1x
Mon, 18 Sep 2023R320.5bR95.5bR47.9b8.2x6.7x3.4x
Wed, 16 Aug 2023R336.0bR93.0bR47.2b7.6x7.1x3.6x
Fri, 14 Jul 2023R320.9bR92.3bR47.5b7.6x6.8x3.5x
Sun, 11 Jun 2023R326.1bR91.5bR48.6b7.3x6.7x3.6x
Tue, 09 May 2023R335.4bR88.4bR52.7b6.1x6.4x3.8x
Thu, 06 Apr 2023R328.7bR85.9bR41.2b6x8x3.8x
Sat, 04 Mar 2023R329.6bR83.9bR43.2b5.7x7.6x3.9x
Mon, 30 Jan 2023R332.5bR82.7bR39.6b6x8.4x4x
Wed, 28 Dec 2022R337.0bR82.2bR39.2b6x8.6x4.1x
Fri, 25 Nov 2022R334.4bR80.8bR39.5b6.3x8.5x4.1x
Sun, 23 Oct 2022R312.2bR80.3bR33.0b7.1x9.5x3.9x
Tue, 20 Sep 2022R319.9bR79.6bR31.7b7.7x10.1x4x
Thu, 18 Aug 2022R323.6bR75.2bR28.6b7.6x11.3x4.3x
Sat, 16 Jul 2022R308.4bR75.4bR28.7b7.1x10.8x4.1x
Price to Earnings Ratio

10.8x


Total Market Cap: R308.4bTotal Earnings: R28.7bTotal Revenue: R75.4bTotal 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 Market0.30%
Real Estate0.37%
Industrial REITs1.45%
REITS0.81%
Retail REITs0.66%
Residential REITs0%0
Hotel and Resort REITs0%0
Real Estate-0.041%
Specialized REITs-2.56%
Office REITs-7.08%
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
NRP NEPI RockcastleR136.190.7%
+R634.0m		4.0%PE7.9x
GRT Growthpoint PropertiesR13.801.1%
+R509.1m		12.8%PB0.7x
RDF Redefine PropertiesR4.671.5%
+R472.7m		10.1%PB0.6x
HYP Hyprop InvestmentsR44.182.6%
+R417.8m		35.1%PB0.7x
RES Resilient REITR63.201.9%
+R390.8m		25.0%PB0.9x

Latest News

ACS
R6.59
Acsion
7D
-14.4%
1Y
4.4%

Additional Considerations Required While Assessing Acsion's (JSE:ACS) Strong Earnings

Jul 09
Additional Considerations Required While Assessing Acsion's (JSE:ACS) Strong Earnings
VKE
R19.65
Vukile Property Fund
7D
-1.1%
1Y
21.1%
BTN
R8.06
Burstone Group
7D
-1.0%
1Y
12.6%
LTE
R8.15
Lighthouse Properties
7D
-0.6%
1Y
1.9%
GRT
R13.80
Growthpoint Properties
7D
1.1%
1Y
12.8%
TEX
R2.68
Texton Property Fund
7D
-9.2%
1Y
-16.3%
EQU
R15.41
Equites Property Fund
7D
1.4%
1Y
13.1%
RES
R63.20
Resilient REIT
7D
1.9%
1Y
25.0%
FFB
R20.53
Fortress Real Estate Investments
7D
1.2%
1Y
25.0%
SSS
R15.59
Stor-Age Property REIT
7D
-2.6%
1Y
16.8%
SEA
R10.19
Spear Reit
7D
-2.0%
1Y
15.8%
MSP
R23.10
MAS
7D
-2.9%
1Y
29.0%
NRP
R136.19
NEPI Rockcastle
7D
0.7%
1Y
4.0%
HYP
R44.18
Hyprop Investments
7D
2.6%
1Y
35.1%
RDF
R4.67
Redefine Properties
7D
1.5%
1Y
10.1%
ATT
R14.32
Attacq
7D
1.0%
1Y
32.1%