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South African (JSE) Real Estate Sector Analysis

UpdatedJul 22, 2026
DataAggregated Company Financials
Companies34
  • 7D-0.7%
  • 3M2.1%
  • 1Y16.7%
  • YTD2.6%

The Real Estate industry has stayed flat over the last week. As for the the longer term, the industry is up 18% over the past 12 months. Earnings are forecast to grow by 9.2% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 22 Jul 2026R483.4bR103.4bR57.2b7.4x8.4x4.7x
Fri, 19 Jun 2026R477.4bR102.8bR56.2b7.6x8.5x4.6x
Sun, 17 May 2026R466.9bR104.2bR54.0b7.6x8.6x4.5x
Tue, 14 Apr 2026R463.7bR103.9bR51.8b7.9x9x4.5x
Thu, 12 Mar 2026R444.7bR100.6bR49.4b7.8x9x4.4x
Sat, 07 Feb 2026R483.8bR101.0bR49.5b8.4x9.8x4.8x
Mon, 05 Jan 2026R465.5bR101.5bR49.8b8.1x9.3x4.6x
Wed, 03 Dec 2025R459.9bR102.8bR51.0b7.8x9x4.5x
Fri, 31 Oct 2025R437.7bR101.9bR49.1b8.4x8.9x4.3x
Sun, 28 Sep 2025R409.1bR102.3bR48.7b7.7x8.4x4x
Tue, 26 Aug 2025R422.9bR103.2bR47.5b7.5x8.9x4.1x
Thu, 24 Jul 2025R404.7bR101.9bR49.4b6.8x8.2x4x
Sat, 21 Jun 2025R389.6bR101.7bR48.6b6.3x8x3.8x
Mon, 19 May 2025R389.1bR100.5bR46.3b6.6x8.4x3.9x
Wed, 16 Apr 2025R367.7bR100.9bR47.5b6x7.7x3.6x
Fri, 14 Mar 2025R368.0bR100.8bR47.2b6x7.8x3.7x
Sun, 09 Feb 2025R366.6bR98.7bR49.4b6x7.4x3.7x
Tue, 07 Jan 2025R377.2bR99.0bR49.7b6.1x7.6x3.8x
Thu, 05 Dec 2024R377.9bR98.7bR49.6b6.1x7.6x3.8x
Sat, 02 Nov 2024R369.5bR98.0bR45.5b7.2x8.1x3.8x
Mon, 30 Sep 2024R383.0bR96.9bR46.0b6.9x8.3x4x
Wed, 28 Aug 2024R381.9bR95.6bR44.8b7.7x8.5x4x
Fri, 26 Jul 2024R353.7bR95.7bR44.5b7x8x3.7x
Sun, 23 Jun 2024R348.1bR94.1bR45.4b6.2x7.7x3.7x
Tue, 21 May 2024R329.5bR94.0bR45.6b6.3x7.2x3.5x
Thu, 18 Apr 2024R320.2bR95.2bR43.9b6.6x7.3x3.4x
Sat, 16 Mar 2024R334.7bR92.8bR43.4b7.1x7.7x3.6x
Mon, 12 Feb 2024R321.9bR90.2bR37.9b7.6x8.5x3.6x
Wed, 10 Jan 2024R345.0bR97.6bR39.5b8.7x8.7x3.5x
Fri, 08 Dec 2023R334.5bR97.5bR39.7b8.3x8.4x3.4x
Sun, 05 Nov 2023R311.9bR95.6bR46.2b7.7x6.7x3.3x
Tue, 03 Oct 2023R315.2bR95.4bR46.9b7.8x6.7x3.3x
Thu, 31 Aug 2023R335.3bR94.3bR48.9b8.2x6.9x3.6x
Sat, 29 Jul 2023R330.0bR91.8bR46.2b7.9x7.1x3.6x
Price to Earnings Ratio

7.1x


Total Market Cap: R330.0bTotal Earnings: R46.2bTotal Revenue: R91.8bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Real Estate Sector Price to Earnings3Y Average 8.2x202420252026
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 8.2x.
  • The 3-year average PS ratio of 3.9x 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 7.4% per year over the last three years.
  • Revenues for these companies have grown 4.1% 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 Market-1.27%
Real Estate-0.66%
Office REITs1.55%
Residential REITs0%0
Hotel and Resort REITs0%0
Real Estate-0.37%
Retail REITs-0.62%
REITS-0.92%
Industrial REITs-1.12%
Specialized REITs-1.82%
Industry PE
  • Investors are most optimistic about the Industrial REITs industry which is trading above its 3-year average PE ratio of 5.5x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • Investors are most pessimistic about the Office REITs industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate industry, expecting annual earnings growth of 11% over the next 5 years.
  • This is better than its past earnings decline of 9.0% per year.
  • In contrast, the Retail REITs industry is expected to see its earnings decline by 3.9% 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 RockcastleR149.250.2%
+R177.7m		8.4%PE11.3x
BTN Burstone GroupR9.870.9%
+R70.8m		19.1%PB0.8x
TEX Texton Property FundR3.237.7%
+R68.6m		10.2%PB0.6x
CPP Collins Property GroupR10.620.09%
+R3.3m		-7.3%PE3.7x
OCT Octodec InvestmentsR17.410.06%
+R2.7m		65.8%PB0.7x

Latest News

TEX
R3.23
Texton Property Fund
7D
7.7%
1Y
10.2%
BTN
R9.87
Burstone Group
7D
0.9%
1Y
19.1%
NRP
R149.25
NEPI Rockcastle
7D
0.2%
1Y
8.4%
CPP
R10.62
Collins Property Group
7D
0.09%
1Y
-7.3%
FFB
R24.39
Fortress Real Estate Investments
7D
-2.0%
1Y
15.9%
RES
R81.50
Resilient REIT
7D
-0.9%
1Y
26.8%
HYP
R59.50
Hyprop Investments
7D
-1.0%
1Y
33.0%
EMI
R13.20
Emira Property Fund
7D
-4.3%
1Y
11.0%
EQU
R17.60
Equites Property Fund
7D
-1.1%
1Y
11.0%
OCT
R17.41
Octodec Investments
7D
0.06%
1Y
65.8%
RDF
R6.38
Redefine Properties
7D
-0.9%
1Y
31.0%
GRT
R17.28
Growthpoint Properties
7D
-0.6%
1Y
19.2%
ATT
R17.00
Attacq
7D
-2.4%
1Y
18.5%