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South African (JSE) Real Estate Sector Analysis

UpdatedJan 14, 2026
DataAggregated Company Financials
Companies34
  • 7D0.4%
  • 3M11.8%
  • 1Y24.0%
  • YTD1.7%

The Real Estate industry has been flat over the last week, but Acsion has lost 11%. As for the the longer term, the industry is up 22% over the past 12 months. Earnings are forecast to be flat in the coming years.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 14 Jan 2026R472.1bR101.2bR49.7b7.7x9.5x4.7x
Fri, 12 Dec 2025R453.3bR102.7bR50.7b7.5x8.9x4.4x
Sun, 09 Nov 2025R442.8bR102.1bR48.9b7.5x9.1x4.3x
Tue, 07 Oct 2025R421.6bR102.1bR48.6b8x8.7x4.1x
Thu, 04 Sep 2025R410.2bR103.4bR47.6b6.8x8.6x4x
Sat, 02 Aug 2025R402.4bR102.2bR49.6b6.8x8.1x3.9x
Mon, 30 Jun 2025R391.9bR101.6bR48.8b6.3x8x3.9x
Wed, 28 May 2025R384.8bR100.8bR46.7b6.2x8.2x3.8x
Fri, 25 Apr 2025R376.9bR100.8bR47.2b6.2x8x3.7x
Sun, 23 Mar 2025R372.7bR98.7bR45.7b6.2x8.1x3.8x
Tue, 18 Feb 2025R371.6bR99.0bR49.7b6x7.5x3.8x
Thu, 16 Jan 2025R368.2bR99.0bR49.7b6.1x7.4x3.7x
Sat, 14 Dec 2024R384.4bR98.5bR49.3b6.2x7.8x3.9x
Mon, 11 Nov 2024R366.7bR98.1bR47.5b7.4x7.7x3.7x
Wed, 09 Oct 2024R375.4bR97.6bR45.9b7.2x8.2x3.8x
Fri, 06 Sep 2024R369.1bR96.9bR44.0b7.2x8.4x3.8x
Sun, 04 Aug 2024R359.3bR95.8bR44.5b7.3x8.1x3.8x
Tue, 02 Jul 2024R349.6bR95.1bR44.2b7.2x7.9x3.7x
Thu, 30 May 2024R323.8bR92.9bR44.8b6.4x7.2x3.5x
Sat, 27 Apr 2024R322.9bR95.1bR43.7b6.4x7.4x3.4x
Mon, 25 Mar 2024R333.5bR95.2bR43.5b7x7.7x3.5x
Wed, 21 Feb 2024R313.2bR90.1bR37.9b7.4x8.3x3.5x
Fri, 19 Jan 2024R340.9bR97.8bR39.7b8.7x8.6x3.5x
Sun, 17 Dec 2023R342.0bR97.2bR39.5b8.7x8.7x3.5x
Tue, 14 Nov 2023R310.6bR96.5bR40.6b8.3x7.6x3.2x
Thu, 12 Oct 2023R314.7bR95.4bR46.3b8x6.8x3.3x
Sat, 09 Sep 2023R328.0bR95.5bR51.9b7x6.3x3.4x
Mon, 07 Aug 2023R332.3bR92.6bR46.9b7.9x7.1x3.6x
Wed, 05 Jul 2023R324.7bR92.5bR47.6b7.9x6.8x3.5x
Fri, 02 Jun 2023R324.4bR91.3bR47.7b7x6.8x3.6x
Sun, 30 Apr 2023R339.8bR88.4bR52.7b6.2x6.5x3.8x
Tue, 28 Mar 2023R317.3bR86.0bR41.3b5.8x7.7x3.7x
Thu, 23 Feb 2023R328.7bR83.4bR40.3b5.8x8.2x3.9x
Sat, 21 Jan 2023R336.5bR82.6bR39.5b6.1x8.5x4.1x
Price to Earnings Ratio

8.5x


Total Market Cap: R336.5bTotal Earnings: R39.5bTotal Revenue: R82.6bTotal 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 9.4x 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 4.6x.
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 Market1.06%
Real Estate0.44%
REITS1.25%
Industrial REITs0.33%
Retail REITs0.26%
Real Estate0.071%
Residential REITs0%0
Hotel and Resort REITs0%0
Specialized REITs-1.90%
Office REITs-13.03%
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 PropertiesR6.291.8%
+R764.3m		49.1%PB0.8x
RES Resilient REITR81.691.9%
+R507.1m		45.2%PB1.2x
GRT Growthpoint PropertiesR17.950.7%
+R439.1m		49.1%PB0.9x
NRP NEPI RockcastleR146.540.4%
+R390.9m		8.1%PE9.6x
HET Heriot REITR23.003.4%
+R239.4m		n/aPB1.1x

Latest News

RES
R81.69
Resilient REIT
7D
1.9%
1Y
45.2%
HET
R23.00
Heriot REIT
7D
3.4%
1Y
n/a
EXP
R14.25
Exemplar REITail
7D
3.6%
1Y
18.8%
HYP
R57.75
Hyprop Investments
7D
-0.5%
1Y
27.3%
TEX
R3.51
Texton Property Fund
7D
-16.4%
1Y
-18.4%
ACS
R9.00
Acsion
7D
-10.9%
1Y
12.6%

Is Acsion (JSE:ACS) A Risky Investment?

Dec 31
Is Acsion (JSE:ACS) A Risky Investment?
DIB
R6.38
Dipula Properties
7D
-3.3%
1Y
23.4%
SAC
R3.65
SA Real Estate
7D
2.5%
1Y
28.1%
VKE
R25.45
Vukile Property Fund
7D
-0.2%
1Y
49.6%
RDF
R6.29
Redefine Properties
7D
1.8%
1Y
49.1%
SSS
R17.60
Stor-Age Property REIT
7D
-1.9%
1Y
22.0%
GRT
R17.95
Growthpoint Properties
7D
0.7%
1Y
49.1%
OCT
R14.20
Octodec Investments
7D
-0.7%
1Y
25.8%
NRP
R146.54
NEPI Rockcastle
7D
0.4%
1Y
8.1%
CPP
R10.60
Collins Property Group
7D
5.4%
1Y
2.9%

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
R22.26
MAS
7D
-0.8%
1Y
2.3%