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South African (JSE) Real Estate Sector Analysis

UpdatedJan 10, 2026
DataAggregated Company Financials
Companies34
  • 7D1.8%
  • 3M9.7%
  • 1Y20.6%
  • YTD1.9%

The Real Estate industry has gained 1.8% in the last week and Redefine Properties up 4.2%. This takes the industry's 12 month performance to a gain of 21%. In the next few years earnings are forecast to be pretty stable.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 10 Jan 2026R473.3bR101.3bR49.7b7.9x9.5x4.7x
Mon, 08 Dec 2025R460.3bR103.1bR51.6b8x8.9x4.5x
Wed, 05 Nov 2025R438.0bR102.2bR49.0b7.1x8.9x4.3x
Fri, 03 Oct 2025R411.5bR102.2bR48.7b7.6x8.5x4x
Sun, 31 Aug 2025R418.3bR103.4bR47.6b7.2x8.8x4x
Tue, 29 Jul 2025R400.1bR102.0bR49.4b6.7x8.1x3.9x
Thu, 26 Jun 2025R389.5bR101.9bR48.5b6.2x8x3.8x
Sat, 24 May 2025R380.6bR100.7bR46.6b6.1x8.2x3.8x
Mon, 21 Apr 2025R374.3bR100.9bR47.4b6.1x7.9x3.7x
Wed, 19 Mar 2025R369.6bR101.1bR46.6b6.2x7.9x3.7x
Fri, 14 Feb 2025R371.7bR98.9bR49.7b6x7.5x3.8x
Sun, 12 Jan 2025R373.8bR99.3bR50.0b6.1x7.5x3.8x
Tue, 10 Dec 2024R385.7bR98.5bR49.3b6.2x7.8x3.9x
Thu, 07 Nov 2024R366.4bR97.9bR45.4b7.4x8.1x3.7x
Sat, 05 Oct 2024R376.4bR97.5bR45.7b7.3x8.2x3.9x
Mon, 02 Sep 2024R383.1bR93.4bR42.9b8.3x8.9x4.1x
Wed, 31 Jul 2024R356.8bR95.6bR44.3b7.3x8x3.7x
Fri, 28 Jun 2024R346.0bR94.6bR46.0b6.2x7.5x3.7x
Sun, 26 May 2024R333.2bR94.3bR46.0b5.7x7.2x3.5x
Tue, 23 Apr 2024R318.3bR95.3bR43.9b6.5x7.3x3.3x
Thu, 21 Mar 2024R332.6bR95.1bR43.4b7x7.7x3.5x
Sat, 17 Feb 2024R316.8bR90.0bR37.8b7.4x8.4x3.5x
Mon, 15 Jan 2024R343.9bR97.7bR39.6b8.7x8.7x3.5x
Wed, 13 Dec 2023R332.2bR97.7bR39.9b8.4x8.3x3.4x
Fri, 10 Nov 2023R312.3bR96.3bR40.5b8.4x7.7x3.2x
Sun, 08 Oct 2023R312.5bR95.7bR47.3b8x6.6x3.3x
Tue, 05 Sep 2023R330.1bR95.6bR52.0b7.1x6.4x3.5x
Thu, 03 Aug 2023R331.0bR92.5bR46.8b7.9x7.1x3.6x
Sat, 01 Jul 2023R322.4bR92.2bR47.7b7.8x6.8x3.5x
Mon, 29 May 2023R322.1bR91.2bR47.7b7x6.8x3.5x
Wed, 26 Apr 2023R332.0bR88.3bR52.6b6.2x6.3x3.8x
Fri, 24 Mar 2023R259.0bR68.4bR41.4b7.1x6.3x3.8x
Sun, 19 Feb 2023R333.7bR83.3bR40.3b5.9x8.3x4x
Tue, 17 Jan 2023R336.0bR82.4bR39.4b5.9x8.5x4.1x
Price to Earnings Ratio

8.5x


Total Market Cap: R336.0bTotal Earnings: R39.4bTotal Revenue: R82.4bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Real Estate Sector Price to Earnings3Y Average 7.9x202420252026
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 9.5x which is higher than its 3-year average PE of 7.9x.
  • The 3-year average PS ratio of 3.8x is lower than the industry's current PS ratio of 4.7x.
Past Earnings Growth
  • The earnings for companies in the Real Estate industry have grown 8.0% per year over the last three years.
  • Revenues for these companies have grown 7.1% 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 Market1.61%
Real Estate1.84%
Retail REITs2.71%
REITS2.31%
Real Estate1.17%
Industrial REITs0.71%
Residential REITs0%0
Hotel and Resort REITs0%0
Specialized REITs-1.33%
Office REITs-5.08%
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 Specialized REITs industry, which is trading close to its 3-year average of 8.1x.
Forecasted Growth
  • Despite it being negative, analysts are least pessimistic on the Real Estate industry since they expect its earnings to decline by only 0.9% per year over the next 5 years, which isn't as bad as the other industries.
  • In contrast, the Real Estate industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
RDF Redefine PropertiesR6.274.2%
+R1.7b		42.2%PB0.8x
NRP NEPI RockcastleR147.101.7%
+R1.7b		6.4%PE9.6x
VKE Vukile Property FundR25.885.1%
+R1.6b		49.4%PB1.1x
GRT Growthpoint PropertiesR17.892.5%
+R1.5b		40.3%PB0.9x
RES Resilient REITR81.003.3%
+R850.7m		39.0%PB1.2x

Latest News

HYP
R58.10
Hyprop Investments
7D
2.3%
1Y
24.9%
TEX
R3.56
Texton Property Fund
7D
-5.1%
1Y
-11.0%
DIB
R6.60
Dipula Properties
7D
-2.1%
1Y
28.7%
FTA
R18.00
Fairvest
7D
1.1%
1Y
-1.6%
VKE
R25.88
Vukile Property Fund
7D
5.1%
1Y
49.4%
RDF
R6.27
Redefine Properties
7D
4.2%
1Y
42.2%
SSS
R17.76
Stor-Age Property REIT
7D
-1.3%
1Y
16.1%
FFB
R23.19
Fortress Real Estate Investments
7D
-1.1%
1Y
15.4%
GRT
R17.89
Growthpoint Properties
7D
2.5%
1Y
40.3%
OCT
R14.26
Octodec Investments
7D
-3.9%
1Y
24.9%
NRP
R147.10
NEPI Rockcastle
7D
1.7%
1Y
6.4%
DLT
R0.37
Delta Property Fund
7D
-5.1%
1Y
85.0%
MSP
R22.50
MAS
7D
1.6%
1Y
-2.3%
RES
R81.00
Resilient REIT
7D
3.3%
1Y
39.0%