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South African (JSE) REITS Industry Analysis
UpdatedOct 20, 2025
DataAggregated Company Financials
Companies12
- 7D-0.7%
- 3M6.4%
- 1Y10.2%
- YTD12.6%
In the last week, the REITS industry is flat overall, with Growthpoint Properties standing out by going down 3.1%. As for the the longer term, the industry is up 10% over the past 12 months.
Industry Valuation and Performance
Has the South African REITS Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 20 Oct 2025 | R143.8b | R41.3b | R15.6b | 9.3x | 9.2x | 3.5x |
| Wed, 17 Sep 2025 | R138.1b | R41.2b | R15.3b | 8.7x | 9x | 3.3x |
| Fri, 15 Aug 2025 | R137.7b | R42.1b | R13.3b | 8.4x | 10.4x | 3.3x |
| Sun, 13 Jul 2025 | R131.5b | R42.1b | R13.3b | 8x | 9.9x | 3.1x |
| Tue, 10 Jun 2025 | R131.7b | R42.1b | R13.3b | 7.9x | 9.9x | 3.1x |
| Thu, 08 May 2025 | R125.7b | R41.9b | R12.9b | 8.9x | 9.7x | 3x |
| Sat, 05 Apr 2025 | R112.5b | R41.9b | R13.1b | 6.8x | 8.6x | 2.7x |
| Mon, 03 Mar 2025 | R121.5b | R41.0b | R10.5b | 7.6x | 11.5x | 3x |
| Wed, 29 Jan 2025 | R118.2b | R41.0b | R10.5b | 7.6x | 11.2x | 2.9x |
| Fri, 27 Dec 2024 | R124.5b | R41.0b | R10.5b | 7.7x | 11.8x | 3x |
| Sun, 24 Nov 2024 | R127.4b | R40.8b | R11.7b | 8.1x | 10.9x | 3.1x |
| Tue, 22 Oct 2024 | R127.7b | R40.5b | R8.1b | 9.7x | 15.8x | 3.2x |
| Thu, 19 Sep 2024 | R129.8b | R40.1b | R8.3b | 9.7x | 15.6x | 3.2x |
| Sat, 17 Aug 2024 | R120.4b | R39.5b | R7.4b | 10.2x | 16.4x | 3.1x |
| Mon, 15 Jul 2024 | R114.0b | R39.5b | R7.4b | 10x | 15.5x | 2.9x |
| Wed, 12 Jun 2024 | R104.2b | R39.5b | R7.4b | 9.3x | 14.2x | 2.6x |
| Fri, 10 May 2024 | R102.6b | R39.2b | R8.0b | 8.7x | 12.9x | 2.6x |
| Sun, 07 Apr 2024 | R104.2b | R38.8b | R7.5b | 9.3x | 13.8x | 2.7x |
| Tue, 05 Mar 2024 | R105.3b | R38.0b | R8.6b | 9.3x | 12.2x | 2.8x |
| Thu, 01 Feb 2024 | R138.3b | R43.5b | R9.8b | 9.7x | 14.1x | 3.2x |
| Sat, 30 Dec 2023 | R133.3b | R43.5b | R9.8b | 9.2x | 13.5x | 3.1x |
| Mon, 27 Nov 2023 | R124.4b | R43.2b | R10.9b | 8.7x | 11.4x | 2.9x |
| Wed, 25 Oct 2023 | R119.9b | R42.8b | R17.1b | 10x | 7x | 2.8x |
| Fri, 22 Sep 2023 | R127.4b | R42.1b | R17.0b | 9.1x | 7.5x | 3x |
| Sun, 20 Aug 2023 | R129.0b | R41.9b | R20.8b | 8.9x | 6.2x | 3.1x |
| Tue, 18 Jul 2023 | R129.7b | R41.9b | R20.8b | 8.9x | 6.2x | 3.1x |
| Thu, 15 Jun 2023 | R129.9b | R41.8b | R20.9b | 8.9x | 6.2x | 3.1x |
| Sat, 13 May 2023 | R131.0b | R40.5b | R23.7b | 7.6x | 5.5x | 3.2x |
| Mon, 10 Apr 2023 | R138.2b | R40.1b | R23.1b | 8.8x | 6x | 3.4x |
| Wed, 08 Mar 2023 | R225.0b | R63.5b | R28.1b | 5.8x | 8x | 3.5x |
| Fri, 03 Feb 2023 | R238.4b | R64.8b | R29.3b | 6.2x | 8.1x | 3.7x |
| Sun, 01 Jan 2023 | R240.0b | R64.8b | R29.2b | 6.2x | 8.2x | 3.7x |
| Tue, 29 Nov 2022 | R239.8b | R63.9b | R30.0b | 6.3x | 8x | 3.8x |
| Thu, 27 Oct 2022 | R228.8b | R62.8b | R23.6b | 7.7x | 9.7x | 3.6x |
Price to Earnings Ratio
9.7x
Current Industry PE
- Investors are pessimistic on the South African REITs 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 9.2x which is lower than its 3-year average PE of 10.5x.
- The 3-year average PS ratio of 3.1x is lower than the industry's current PS ratio of 3.5x.
Past Earnings Growth
- The earnings for companies in the REITs industry have declined 13% per year over the last three years,
- Revenues have also declined 13% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Trends
Which industries have driven the changes within the South African Real Estate industry?
| ZA Market | -0.43% | |
| Real Estate | -1.24% | |
| REITS | -0.68% | |
| Industrial REITs | 1.33% | |
| Residential REITs | 0% | 0 |
| Specialized REITs | 0% | 0 |
| Hotel and Resort REITs | 0% | 0 |
| Diversified REITs | -0.68% | |
| Retail REITs | -1.32% | |
| Office REITs | -2.83% | |
Industry PE
- Investors are most optimistic about the Industrial REITs industry which is trading above its 3-year average PE ratio of 3.5x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted GrowthThere is insufficient data on the sub-industries of this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| RDF Redefine Properties | R5.33 | 1.7% +R607.7m | 8.6% | PB0.7x | |
| ATT Attacq | R14.61 | 1.7% +R174.9m | 10.8% | PB0.7x | |
| BTN Burstone Group | R8.65 | 2.5% +R166.6m | -10.4% | PB0.7x | |
| OCT Octodec Investments | R12.00 | 2.7% +R82.5m | 1.7% | PB0.5x | |
| EMI Emira Property Fund | R12.88 | 0.5% +R33.7m | 12.1% | PB0.6x |