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South African (JSE) Real Estate Industry Analysis

UpdatedFeb 21, 2024
DataAggregated Company Financials
Companies10
  • 7D-1.7%
  • 3M11.2%
  • 1Y14.1%
  • YTD0.08%

Over the last 7 days, the Real Estate industry has dropped 1.7%, driven by NEPI Rockcastle declining 1.2%. This takes the industry's 12 month performance to a gain of 14%. As for the next few years, earnings are forecast to decline by 1.7% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 21 Feb 2024R131.0bR28.8bR21.2b6.6x6.2x4.6x
Fri, 19 Jan 2024R126.6bR28.9bR21.3b6.5x5.9x4.4x
Sun, 17 Dec 2023R125.6bR28.3bR20.9b6.3x6x4.4x
Tue, 14 Nov 2023R110.6bR28.2bR20.6b6.1x5.4x3.9x
Thu, 12 Oct 2023R109.3bR28.1bR20.4b5.9x5.4x3.9x
Sat, 09 Sep 2023R117.4bR28.5bR20.7b6.4x5.7x4.1x
Mon, 07 Aug 2023R117.9bR25.6bR15.7b6.5x7.5x4.6x
Wed, 05 Jul 2023R119.2bR25.6bR15.7b6.5x7.6x4.7x
Fri, 02 Jun 2023R120.8bR26.1bR16.6b5.1x7.3x4.6x
Sun, 30 Apr 2023R118.9bR25.9bR16.1b4.6x7.4x4.6x
Tue, 28 Mar 2023R110.0bR24.8bR14.6b4.5x7.5x4.4x
Thu, 23 Feb 2023R97.6bR18.4bR10.6b3.9x9.2x5.3x
Sat, 21 Jan 2023R98.3bR17.8bR10.2b4.5x9.6x5.5x
Mon, 19 Dec 2022R94.8bR17.9bR10.3b3.9x9.2x5.3x
Wed, 16 Nov 2022R92.3bR17.0bR10.0b4.4x9.2x5.4x
Fri, 14 Oct 2022R78.4bR16.9bR9.7b5.3x8.1x4.6x
Sun, 11 Sep 2022R86.3bR16.5bR9.4b7.1x9.2x5.2x
Tue, 09 Aug 2022R79.2bR14.3bR7.3b8.1x10.8x5.6x
Thu, 07 Jul 2022R73.6bR14.3bR7.4b8.1x10x5.1x
Sat, 04 Jun 2022R77.1bR13.8bR5.7b8.8x13.5x5.6x
Mon, 02 May 2022R80.3bR13.5bR5.7b9.3x14.1x5.9x
Wed, 30 Mar 2022R91.9bR15.8bR4.6b9.3x19.8x5.8x
Fri, 25 Feb 2022R89.2bR19.2bR4.8b5.5x18.7x4.6x
Sun, 23 Jan 2022R95.3bR18.7bR3.4b5.9x28.3x5.1x
Tue, 21 Dec 2021R95.1bR19.2bR3.5b6.1x27.4x4.9x
Thu, 18 Nov 2021R95.6bR19.0bR2.9b9.7x33.4x5x
Sat, 16 Oct 2021R91.8bR17.9bR2.4b17.5x38.3x5.1x
Mon, 13 Sep 2021R93.1bR17.9bR2.3b17x39.8x5.2x
Wed, 11 Aug 2021R89.9bR17.9bR1.7b14.7x53.4x5x
Sun, 06 Jun 2021R88.0bR18.4b-R2,055,763,557.2517x-42.8x4.8x
Wed, 10 Mar 2021R81.0bR19.5b-R5,882,612,619.6711.1x-13.8x4.2x
Price to Earnings Ratio

-13.8x


Total Market Cap: R81.0bTotal Earnings: -R5,882,612,619.67Total Revenue: R19.5bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Real Estate Industry Price to Earnings3Y Average 10.7x202220232024
Current Industry PE
  • Investors are pessimistic on the South African Real Estate industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 6.2x which is lower than its 3-year average PE of 10.7x.
  • The industry is trading close to its 3-year average PS ratio of 4.9x.
Past Earnings Growth
  • Total earnings for the Real Estate industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 14% per year.
  • This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.

Industry Trends

Which industries have driven the changes within the South African Real Estate industry?

ZA Market0.06%
Real Estate-2.48%
Real Estate-1.74%
Diversified Real Estate0%
Real Estate Services0%
Real Estate Development-0.42%
Real Estate Operating Companies-1.75%
Industry PE
  • Investors are most optimistic about the Real Estate Operating Companies industry even though it's trading below its 3-year average PE ratio of 13.0x.
    • Analysts are expecting annual earnings decline of 1.8%, which is lower than the prior year's growth of 41.0% per year.
  • Investors are most pessimistic about the Real Estate Development industry, which is trading below its 3-year average of 3.6x.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate Development industry, expecting annual earnings growth of 12% over the next 5 years.
  • However this is lower than its past earnings growth rate of 32% per year.
  • In contrast, the Real Estate Operating Companies 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
ACS AcsionR6.7110.0%
+R234.8m
-16.0%PE2.1x
TMT Trematon Capital InvestmentsR2.354.4%
+R22.6m
-14.9%PE7.4x
ANI Afine InvestmentsR4.901.0%
+R3.6m
6.5%PE12.3x
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ANI

R4.90

Afine Investments

7D

1.0%

1Y

6.5%

FFA

R15.35

Fortress Real Estate Investments

7D

-1.9%

1Y

45.5%

CGR

R4.60

Calgro M3 Holdings

7D

-3.8%

1Y

64.3%

ACS

R6.71

Acsion

7D

10.0%

1Y

-16.0%

CPP

R7.22

Collins Property Group

7D

-0.1%

1Y

1.7%

MSP

R16.90

MAS

7D

-4.5%

1Y

-18.9%

LTE

R7.50

Lighthouse Properties

7D

-1.3%

1Y

11.1%