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South African (JSE) Real Estate Sector Analysis

UpdatedMar 02, 2026
DataAggregated Company Financials
Companies34
  • 7D0.1%
  • 3M7.9%
  • 1Y29.3%
  • YTD6.9%

The Real Estate industry has stayed flat over the last week. As for the the longer term, the industry is up 29% over the past 12 months. As for the next few years, earnings are expected to grow by 4.7% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 02 Mar 2026R497.8bR102.0bR48.9b8.4x10.2x4.9x
Wed, 28 Jan 2026R465.9bR101.2bR49.7b7.9x9.4x4.6x
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
Price to Earnings Ratio

7.6x


Total Market Cap: R330.9bTotal Earnings: R43.6bTotal Revenue: R84.5bTotal 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 10.2x 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 4.9x.
Past Earnings Growth
  • The earnings for companies in the Real Estate industry have grown 3.9% per year over the last three years.
  • Revenues for these companies have grown 6.4% 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 Market3.39%
Real Estate0.12%
Specialized REITs3.75%
Industrial REITs2.57%
REITS0.74%
Retail REITs0.67%
Residential REITs0%0
Hotel and Resort REITs0%0
Real Estate-1.17%
Office REITs-7.76%
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
  • Analysts are most optimistic on the Real Estate industry, expecting annual earnings growth of 4.7% over the next 5 years.
  • This is better than its past earnings decline of 5.9% per year.
  • In contrast, the Real Estate industry is expected to see its earnings grow by 4.7% 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
RES Resilient REITR88.581.2%
+R340.3m		50.6%PB1.3x
SSS Stor-Age Property REITR18.973.0%
+R265.8m		31.5%PB1.1x
ACS AcsionR11.605.5%
+R230.7m		65.7%PE2.9x
OCT Octodec InvestmentsR15.395.1%
+R197.0m		43.2%PB0.6x
EQU Equites Property FundR18.921.2%
+R181.7m		35.7%PB1.1x

Latest News

SEA
R12.95
Spear Reit
7D
-4.1%
1Y
34.8%
FFB
R25.90
Fortress Real Estate Investments
7D
-1.8%
1Y
33.4%
NRP
R147.00
NEPI Rockcastle
7D
-3.0%
1Y
8.7%
LTE
R8.68
Lighthouse Properties
7D
0.3%
1Y
9.7%
RDF
R6.84
Redefine Properties
7D
-1.0%
1Y
55.5%
OCT
R15.39
Octodec Investments
7D
5.1%
1Y
43.2%
VKE
R24.91
Vukile Property Fund
7D
-3.2%
1Y
43.8%
ACS
R11.60
Acsion
7D
5.5%
1Y
65.7%

Here's Why We Think Acsion (JSE:ACS) Might Deserve Your Attention Today

Feb 13
Here's Why We Think Acsion (JSE:ACS) Might Deserve Your Attention Today
SSS
R18.97
Stor-Age Property REIT
7D
3.0%
1Y
31.5%
FTA
R18.20
Fairvest
7D
-0.9%
1Y
1.1%
EQU
R18.92
Equites Property Fund
7D
1.2%
1Y
35.7%
RES
R88.58
Resilient REIT
7D
1.2%
1Y
50.6%
GRT
R18.45
Growthpoint Properties
7D
-0.7%
1Y
45.5%
ATT
R18.33
Attacq
7D
0.4%
1Y
41.5%
CPP
R10.51
Collins Property Group
7D
3.9%
1Y
-4.4%

Collins Property Group's (JSE:CPP) Shareholders Have More To Worry About Than Only Soft Earnings

Nov 08
Collins Property Group's (JSE:CPP) Shareholders Have More To Worry About Than Only Soft Earnings
MSP
R20.95
MAS
7D
-2.0%
1Y
-2.1%