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South African (JSE) Real Estate Industry Analysis
UpdatedMar 07, 2026
DataAggregated Company Financials
Companies11
- 7D-5.9%
- 3M-2.0%
- 1Y9.9%
- YTD-2.4%
Over the last 7 days, the Real Estate industry has dropped 5.9%, driven by a pullback from NEPI Rockcastle of 5.8%. In contrast, Acsion has gained 6.5%. In the past year, the industry has gained 9.9%. Looking forward, earnings are forecast to grow by 4.7% annually.
Industry Valuation and Performance
Has the South African Real Estate Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 07 Mar 2026 | R167.9b | R33.3b | R19.7b | 5.3x | 8.5x | 5x |
| Mon, 02 Feb 2026 | R173.8b | R32.0b | R19.7b | 6x | 8.8x | 5.4x |
| Wed, 31 Dec 2025 | R173.7b | R32.4b | R20.0b | 6x | 8.7x | 5.4x |
| Fri, 28 Nov 2025 | R176.4b | R33.0b | R20.3b | 6.2x | 8.7x | 5.3x |
| Sun, 26 Oct 2025 | R165.3b | R33.2b | R20.4b | 5.9x | 8.1x | 5x |
| Tue, 23 Sep 2025 | R165.3b | R33.7b | R20.8b | 6x | 8x | 4.9x |
| Thu, 21 Aug 2025 | R172.0b | R34.0b | R21.0b | 6.3x | 8.2x | 5.1x |
| Sat, 19 Jul 2025 | R162.9b | R32.7b | R21.2b | 5.6x | 7.7x | 5x |
| Mon, 16 Jun 2025 | R158.6b | R32.8b | R20.5b | 5.5x | 7.7x | 4.8x |
| Wed, 14 May 2025 | R160.5b | R32.5b | R21.0b | 4x | 7.7x | 4.9x |
| Fri, 11 Apr 2025 | R149.2b | R34.1b | R22.1b | 4.1x | 6.8x | 4.4x |
| Sun, 09 Mar 2025 | R151.3b | R31.8b | R27.3b | 4x | 5.6x | 4.8x |
| Tue, 04 Feb 2025 | R153.9b | R30.8b | R26.9b | 3.6x | 5.7x | 5x |
| Thu, 02 Jan 2025 | R153.8b | R30.9b | R27.0b | 3.7x | 5.7x | 5x |
| Sat, 30 Nov 2024 | R152.3b | R30.4b | R26.7b | 3.4x | 5.7x | 5x |
| Mon, 28 Oct 2024 | R153.8b | R30.4b | R26.8b | 4x | 5.7x | 5.1x |
| Wed, 25 Sep 2024 | R156.5b | R30.8b | R27.0b | 4.3x | 5.8x | 5.1x |
| Fri, 23 Aug 2024 | R166.0b | R31.3b | R29.1b | 5.3x | 5.7x | 5.3x |
| Sun, 21 Jul 2024 | R156.1b | R30.1b | R28.2b | 5x | 5.5x | 5.2x |
| Tue, 18 Jun 2024 | R155.9b | R29.6b | R28.0b | 5.2x | 5.6x | 5.3x |
| Thu, 16 May 2024 | R149.5b | R29.9b | R27.7b | 5.7x | 5.4x | 5x |
| Sat, 13 Apr 2024 | R148.0b | R30.4b | R27.9b | 5.4x | 5.3x | 4.9x |
| Mon, 11 Mar 2024 | R155.2b | R30.6b | R20.6b | 6.1x | 7.5x | 5.1x |
| Wed, 07 Feb 2024 | R134.2b | R28.6b | R21.1b | 7.1x | 6.4x | 4.7x |
| Fri, 05 Jan 2024 | R131.2b | R28.8b | R21.2b | 6.8x | 6.2x | 4.6x |
| Sun, 03 Dec 2023 | R121.0b | R28.6b | R21.1b | 6.5x | 5.7x | 4.2x |
| Tue, 31 Oct 2023 | R105.3b | R28.2b | R20.4b | 5.6x | 5.2x | 3.7x |
| Thu, 28 Sep 2023 | R110.1b | R28.3b | R20.5b | 6x | 5.4x | 3.9x |
| Sat, 26 Aug 2023 | R122.7b | R27.2b | R17.6b | 6.1x | 7x | 4.5x |
| Mon, 24 Jul 2023 | R116.9b | R25.3b | R15.5b | 6.7x | 7.5x | 4.6x |
| Wed, 21 Jun 2023 | R120.1b | R25.4b | R15.6b | 7x | 7.7x | 4.7x |
| Fri, 19 May 2023 | R117.4b | R26.5b | R16.6b | 4.4x | 7.1x | 4.4x |
| Sun, 16 Apr 2023 | R118.4b | R25.6b | R16.0b | 4.6x | 7.4x | 4.6x |
| Tue, 14 Mar 2023 | R98.3b | R19.4b | R13.7b | 3.9x | 7.2x | 5.1x |
Price to Earnings Ratio
7.2x
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 8.5x which is higher than its 3-year average PE of 6.8x.
- The industry is trading close to its 3-year average PS ratio of 4.8x.
Past Earnings Growth
- The earnings for companies in the Real Estate industry have grown 13% per year over the last three years.
- Revenues for these companies have grown 20% 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 industry?
| ZA Market | -8.99% | |
| Real Estate | -6.44% | |
| Real Estate | -5.95% | |
| Real Estate Development | -2.65% | |
| Real Estate Operating Companies | -5.96% | |
Industry PE
- Investors are most optimistic about the Real Estate Operating Companies industry which is trading above its 3-year average PE ratio of 6.8x.
- Analysts expect its future annual earnings growth (4.6%) to be largely in line with prior year's earnings growth.
- Investors are most pessimistic about the Real Estate Development industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 2.6x.
Forecasted Growth
- Analysts are most optimistic on the Real Estate Development industry, expecting annual earnings growth of 18% over the next 5 years.
- This is better than its past earnings decline of 29% per year.
- In contrast, the Real Estate Operating Companies industry is expected to see its earnings grow by 4.6% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| ACS Acsion | R11.73 | 6.5% +R276.8m | 67.6% | PE3x | |
| CPP Collins Property Group | R10.99 | 4.7% +R161.8m | 4.7% | PE6.4x | |
| VIS Visual International Holdings | R0.02 | 100.0% +R11.9m | -33.3% | PE5x | |
| TMT Trematon Capital Investments | R1.04 | 1.0% +R2.2m | -43.8% | PS0.8x |
