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South African (JSE) Real Estate Sector Analysis

UpdatedSep 02, 2025
DataAggregated Company Financials
Companies35
  • 7D-1.1%
  • 3M5.6%
  • 1Y9.7%
  • YTD6.7%

Over the last 7 days, the Real Estate industry has dropped 1.1%, driven by MAS declining 12%. In the past year, the industry has gained 9.7%. As for the next few years, earnings are expected to grow by 10% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 02 Sep 2025R417.9bR103.4bR47.6b7.2x8.8x4x
Thu, 31 Jul 2025R405.7bR101.8bR49.3b6.8x8.2x4x
Sat, 28 Jun 2025R391.9bR102.1bR48.7b6.3x8.1x3.8x
Mon, 26 May 2025R381.4bR100.7bR46.6b6.1x8.2x3.8x
Wed, 23 Apr 2025R376.5bR100.7bR47.3b6.1x8x3.7x
Fri, 21 Mar 2025R372.7bR98.6bR45.7b6.2x8.2x3.8x
Sun, 16 Feb 2025R371.9bR99.0bR49.7b6x7.5x3.8x
Tue, 14 Jan 2025R366.1bR99.2bR49.9b6x7.3x3.7x
Thu, 12 Dec 2024R383.0bR98.3bR49.2b6.2x7.8x3.9x
Sat, 09 Nov 2024R366.7bR98.2bR47.6b7.4x7.7x3.7x
Mon, 07 Oct 2024R376.4bR97.5bR45.7b7.3x8.2x3.9x
Wed, 04 Sep 2024R367.0bR97.1bR44.2b7.2x8.3x3.8x
Fri, 02 Aug 2024R362.6bR95.6bR44.3b7.2x8.2x3.8x
Sun, 30 Jun 2024R346.9bR94.4bR45.7b6.2x7.6x3.7x
Tue, 28 May 2024R323.8bR92.7bR44.2b5.9x7.3x3.5x
Thu, 25 Apr 2024R317.6bR95.5bR44.1b6.6x7.2x3.3x
Sat, 23 Mar 2024R333.5bR95.2bR43.5b7x7.7x3.5x
Mon, 19 Feb 2024R316.8bR90.0bR37.8b7.4x8.4x3.5x
Wed, 17 Jan 2024R343.4bR97.8bR39.7b8.7x8.7x3.5x
Fri, 15 Dec 2023R342.0bR97.4bR39.6b8.7x8.6x3.5x
Sun, 12 Nov 2023R312.7bR96.4bR40.6b8.3x7.7x3.2x
Tue, 10 Oct 2023R311.8bR95.7bR47.3b7.9x6.6x3.3x
Thu, 07 Sep 2023R328.3bR95.6bR51.9b7.1x6.3x3.4x
Sat, 05 Aug 2023R332.3bR92.5bR46.9b7.9x7.1x3.6x
Mon, 03 Jul 2023R322.4bR92.2bR47.7b7.8x6.8x3.5x
Wed, 31 May 2023R322.2bR91.3bR47.7b7x6.7x3.5x
Fri, 28 Apr 2023R338.1bR88.3bR52.7b6.3x6.4x3.8x
Sun, 26 Mar 2023R259.1bR68.3bR41.4b7.2x6.3x3.8x
Tue, 21 Feb 2023R331.5bR83.4bR40.3b5.8x8.2x4x
Thu, 19 Jan 2023R338.2bR82.5bR39.4b6.2x8.6x4.1x
Sat, 17 Dec 2022R329.1bR82.6bR39.3b5.8x8.4x4x
Mon, 14 Nov 2022R328.4bR80.5bR38.4b7.2x8.6x4.1x
Wed, 12 Oct 2022R286.4bR75.8bR29.3b7.2x9.8x3.8x
Fri, 09 Sep 2022R320.5bR79.2bR28.4b7.1x11.3x4x
Price to Earnings Ratio

11.3x


Total Market Cap: R320.5bTotal Earnings: R28.4bTotal Revenue: R79.2bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Real Estate Sector Price to Earnings3Y Average 7.9x202320242025
Current Industry PE
  • Investors are optimistic on the South African Real Estate industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 8.8x which is higher than its 3-year average PE of 7.9x.
  • 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 19% per year over the last three years.
  • Revenues for these companies have grown 9.3% 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-1.48%
Real Estate-1.13%
Residential REITs0%0
Hotel and Resort REITs0%0
Industrial REITs-0.42%
Retail REITs-0.45%
Real Estate-1.08%
REITS-1.54%
Specialized REITs-3.11%
Office REITs-8.16%
Industry PE
  • Investors are most optimistic about the Industrial REITs industry which is trading above its 3-year average PE ratio of 2.5x.
    • 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 REITS industry, expecting annual earnings growth of 80% over the next 5 years.
  • This is better than its past earnings growth rate of 50% per year.
  • In contrast, the Real Estate industry is expected to see its earnings grow by 5.7% 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 RockcastleR146.451.5%
+R1.6b		0.3%PE8.9x
CPP Collins Property GroupR10.767.4%
+R244.4m		20.9%PE6.4x
EXP Exemplar REITailR13.753.2%
+R142.9m		19.6%PB0.8x
OCT Octodec InvestmentsR11.433.9%
+R114.5m		6.3%PB0.5x
RES Resilient REITR66.740.4%
+R90.1m		16.5%PB1x

Latest News

RES
R66.74
Resilient REIT
7D
0.4%
1Y
16.5%
CPP
R10.76
Collins Property Group
7D
7.4%
1Y
20.9%
EMI
R11.70
Emira Property Fund
7D
-4.3%
1Y
11.3%
APF
R0.44
Accelerate Property Fund
7D
12.8%
1Y
-15.4%
MSP
R21.30
MAS
7D
-6.8%
1Y
22.4%
NRP
R146.45
NEPI Rockcastle
7D
1.5%
1Y
0.3%
EXP
R13.75
Exemplar REITail
7D
3.2%
1Y
19.6%
TEX
R2.71
Texton Property Fund
7D
0.7%
1Y
-27.7%
LTE
R8.35
Lighthouse Properties
7D
-1.4%
1Y
3.1%
OCT
R11.43
Octodec Investments
7D
3.9%
1Y
6.3%
EQU
R16.70
Equites Property Fund
7D
0.2%
1Y
27.2%
HYP
R45.89
Hyprop Investments
7D
-2.5%
1Y
20.8%
VKE
R21.45
Vukile Property Fund
7D
-1.5%
1Y
21.1%
GRT
R14.19
Growthpoint Properties
7D
-2.6%
1Y
2.3%
FFB
R22.09
Fortress Real Estate Investments
7D
-1.6%
1Y
15.7%
RDF
R5.02
Redefine Properties
7D
-0.8%
1Y
6.8%