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South African (JSE) Real Estate Sector Analysis

UpdatedJan 27, 2026
DataAggregated Company Financials
Companies34
  • 7D0.8%
  • 3M7.7%
  • 1Y23.5%
  • YTD1.9%

Over the last 7 days, the Real Estate industry has remained flat. The past year has been better, since the industry has gained 24% in that time. 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
Wed, 28 Jan 2026R473.0bR101.1bR49.5b8x9.5x4.7x
Fri, 26 Dec 2025R460.8bR101.8bR50.1b7.8x9.2x4.5x
Sun, 23 Nov 2025R458.6bR102.2bR49.7b8.5x9.2x4.5x
Tue, 21 Oct 2025R425.4bR102.1bR49.3b8.3x8.6x4.2x
Thu, 18 Sep 2025R415.7bR102.4bR48.3b7.8x8.6x4.1x
Sat, 16 Aug 2025R416.4bR102.4bR48.1b7.3x8.7x4.1x
Mon, 14 Jul 2025R396.5bR102.3bR49.6b6.4x8x3.9x
Wed, 11 Jun 2025R394.6bR100.7bR46.4b6.5x8.5x3.9x
Fri, 09 May 2025R385.5bR99.8bR46.5b6.3x8.3x3.9x
Sun, 06 Apr 2025R349.4bR100.3bR47.1b6x7.4x3.5x
Tue, 04 Mar 2025R372.9bR99.7bR49.7b6.2x7.5x3.7x
Thu, 30 Jan 2025R369.5bR99.1bR49.8b6.2x7.4x3.7x
Sat, 28 Dec 2024R377.2bR99.2bR50.0b6.2x7.5x3.8x
Mon, 25 Nov 2024R372.2bR98.2bR48.4b6.1x7.7x3.8x
Wed, 23 Oct 2024R372.6bR97.8bR45.3b6.8x8.2x3.8x
Fri, 20 Sep 2024R381.0bR97.4bR46.4b6.9x8.2x3.9x
Sun, 18 Aug 2024R373.6bR95.7bR44.1b7.3x8.5x3.9x
Tue, 16 Jul 2024R357.4bR95.8bR44.2b7.1x8.1x3.7x
Thu, 13 Jun 2024R337.7bR94.6bR45.9b6.1x7.4x3.6x
Sat, 11 May 2024R329.9bR95.2bR43.8b5.9x7.5x3.5x
Mon, 08 Apr 2024R330.1bR95.2bR43.8b6.8x7.5x3.5x
Wed, 06 Mar 2024R338.6bR91.8bR37.2b7.6x9.1x3.7x
Fri, 02 Feb 2024R357.3bR97.5bR39.4b8.7x9.1x3.7x
Sun, 31 Dec 2023R348.0bR97.4bR39.4b8.7x8.8x3.6x
Tue, 28 Nov 2023R319.3bR97.1bR40.0b8.3x8x3.3x
Thu, 26 Oct 2023R300.6bR96.1bR46.5b7.4x6.5x3.1x
Sat, 23 Sep 2023R319.2bR95.9bR48.0b8.1x6.6x3.3x
Mon, 21 Aug 2023R331.4bR92.9bR47.3b8.1x7x3.6x
Wed, 19 Jul 2023R324.5bR92.3bR47.4b7.8x6.8x3.5x
Fri, 16 Jun 2023R329.9bR91.4bR48.1b7.6x6.9x3.6x
Sun, 14 May 2023R330.8bR89.1bR53.2b5.8x6.2x3.7x
Tue, 11 Apr 2023R328.8bR87.7bR42.7b6.1x7.7x3.7x
Thu, 09 Mar 2023R330.9bR84.5bR43.6b5.5x7.6x3.9x
Sat, 04 Feb 2023R337.8bR82.8bR39.6b6.1x8.5x4.1x
Price to Earnings Ratio

8.5x


Total Market Cap: R337.8bTotal Earnings: R39.6bTotal Revenue: R82.8bTotal 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 7.8% per year over the last three years.
  • Revenues for these companies have grown 6.9% 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 Market3.77%
Real Estate0.81%
Office REITs5.17%
Retail REITs1.43%
Real Estate0.85%
Specialized REITs0.51%
REITS0.39%
Residential REITs0%0
Hotel and Resort REITs0%0
Industrial REITs-0.32%
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
FTA FairvestR18.002.7%
+R926.5m		0%PB3.2x
RES Resilient REITR81.611.1%
+R303.6m		40.6%PB1.2x
DIB Dipula PropertiesR6.401.3%
+R72.8m		20.8%PB0.9x
ATT AttacqR16.720.6%
+R70.0m		29.4%PB0.8x
ACS AcsionR9.401.3%
+R46.1m		17.6%PE2.4x

Latest News

RES
R81.61
Resilient REIT
7D
1.1%
1Y
40.6%
DIB
R6.40
Dipula Properties
7D
1.3%
1Y
20.8%
EQU
R18.13
Equites Property Fund
7D
-2.0%
1Y
28.0%
HYP
R56.73
Hyprop Investments
7D
-0.9%
1Y
27.1%
ACS
R9.40
Acsion
7D
1.3%
1Y
17.6%

Is Acsion (JSE:ACS) A Risky Investment?

Dec 31
Is Acsion (JSE:ACS) A Risky Investment?
FTA
R18.00
Fairvest
7D
2.7%
1Y
0%
SAC
R3.55
SA Real Estate
7D
-1.7%
1Y
24.1%
VKE
R24.68
Vukile Property Fund
7D
-2.6%
1Y
42.1%
RDF
R6.03
Redefine Properties
7D
-4.1%
1Y
38.3%
APF
R0.60
Accelerate Property Fund
7D
1.7%
1Y
33.3%
GRT
R17.42
Growthpoint Properties
7D
-3.1%
1Y
44.4%
ATT
R16.72
Attacq
7D
0.6%
1Y
29.4%
EMI
R13.20
Emira Property Fund
7D
-1.9%
1Y
25.7%
OAS
R22.51
Oasis Crescent Property Fund
7D
2.3%
1Y
9.8%
NRP
R146.31
NEPI Rockcastle
7D
-0.3%
1Y
4.6%
CGR
R5.04
Calgro M3 Holdings
7D
6.1%
1Y
-17.1%