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South African (JSE) REITS Industry Analysis

UpdatedApr 12, 2025
DataAggregated Company Financials
Companies12
  • 7D1.0%
  • 3M-7.4%
  • 1Y9.6%
  • YTD-8.1%

Over the last 7 days, the REITS industry has risen 1.0%, driven by gains from Redefine Properties of 3.1%. This takes the industry's 12 month performance to a gain of 9.6%.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 13 Apr 2025R113.9bR41.9bR13.1b6.9x8.7x2.7x
Tue, 11 Mar 2025R120.3bR41.0bR10.5b7.4x11.4x2.9x
Thu, 06 Feb 2025R120.1bR41.0bR10.5b7.5x11.4x2.9x
Sat, 04 Jan 2025R124.6bR41.0bR10.5b7.7x11.8x3x
Mon, 02 Dec 2024R125.2bR41.0bR10.5b7.7x11.9x3.1x
Wed, 30 Oct 2024R129.3bR40.5bR8.1b9.8x16x3.2x
Fri, 27 Sep 2024R130.6bR40.0bR8.3b9.7x15.7x3.3x
Sun, 25 Aug 2024R121.7bR39.5bR7.4b9.9x16.5x3.1x
Tue, 23 Jul 2024R112.0bR39.5bR7.4b10.1x15.2x2.8x
Thu, 20 Jun 2024R115.7bR39.5bR7.4b10.6x15.7x2.9x
Sat, 18 May 2024R103.0bR39.3bR7.7b8.6x13.3x2.6x
Mon, 15 Apr 2024R102.2bR38.8bR7.5b9.3x13.5x2.6x
Wed, 13 Mar 2024R107.1bR38.0bR8.6b9.3x12.4x2.8x
Fri, 09 Feb 2024R108.9bR38.0bR8.6b9.6x12.6x2.9x
Sun, 07 Jan 2024R131.2bR43.5bR9.8b9.2x13.3x3x
Tue, 05 Dec 2023R128.2bR43.5bR9.8b8.7x13x2.9x
Thu, 02 Nov 2023R122.6bR42.8bR17.2b8.7x7.1x2.9x
Sat, 30 Sep 2023R125.5bR42.3bR16.8b10x7.5x3x
Mon, 28 Aug 2023R131.7bR41.9bR20.8b8.9x6.3x3.1x
Wed, 26 Jul 2023R131.8bR41.9bR20.8b8.9x6.3x3.1x
Fri, 23 Jun 2023R128.3bR41.8bR20.9b9x6.1x3.1x
Sun, 21 May 2023R129.4bR42.2bR21.5b7.4x6x3.1x
Tue, 18 Apr 2023R136.9bR40.5bR23.6b7.9x5.8x3.4x
Thu, 16 Mar 2023R223.2bR64.8bR29.3b6.1x7.6x3.4x
Sat, 11 Feb 2023R233.8bR64.8bR29.4b6.1x7.9x3.6x
Mon, 09 Jan 2023R238.2bR64.8bR29.3b6.1x8.1x3.7x
Wed, 07 Dec 2022R233.5bR64.8bR29.1b6.4x8x3.6x
Fri, 04 Nov 2022R228.5bR62.8bR23.4b8.1x9.8x3.6x
Sun, 02 Oct 2022R218.6bR63.1bR23.3b7.6x9.4x3.5x
Tue, 30 Aug 2022R235.8bR62.4bR21.9b7.1x10.8x3.8x
Thu, 28 Jul 2022R240.3bR61.0bR21.3b7.4x11.3x3.9x
Sat, 25 Jun 2022R232.4bR60.9bR20.4b7.2x11.4x3.8x
Mon, 23 May 2022R238.2bR59.1bR16.8b7.9x14.1x4x
Wed, 20 Apr 2022R248.2bR58.2bR15.8b8.2x15.7x4.3x
Price to Earnings Ratio

15.7x


Total Market Cap: R248.2bTotal Earnings: R15.8bTotal Revenue: R58.2bTotal Market Cap vs Earnings and Revenue0%0%0%
South African REITS Industry Price to Earnings3Y Average 10.9x202320242025
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 8.7x which is lower than its 3-year average PE of 10.9x.
  • The 3-year average PS ratio of 3.2x is higher than the industry's current PS ratio of 2.7x.
Past Earnings Growth
  • The earnings for companies in the REITs industry have declined 5.9% per year over the last three years,
  • Revenues have also declined 10% 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 Market5.78%
Real Estate1.41%
REITS1.03%
Diversified REITs1.03%
Retail REITs0.89%
Industrial REITs0.81%
Residential REITs0%0
Specialized REITs0%0
Hotel and Resort REITs0%0
Office REITs-5.33%
Industry PE
  • Investors are most optimistic about the Industrial REITs industry which is trading above its 3-year average PE ratio of 2.5x.
    • 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?

CompanyLast Price7D1YValuation
RDF Redefine PropertiesR3.993.1%
+R810.3m		1.8%PB0.5x
SAC SA Real EstateR2.7210.1%
+R621.2m		6.7%PB0.6x
ATT AttacqR12.513.0%
+R251.9m		21.0%PB0.6x
BTN Burstone GroupR8.152.5%
+R158.4m		12.7%PB0.6x
SEA Spear ReitR9.500.5%
+R13.4m		17.7%PB0.8x
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GRT

R11.98

Growthpoint Properties

7D

-1.2%

1Y

12.4%

SAC

R2.72

SA Real Estate

7D

10.1%

1Y

6.7%

RDF

R3.99

Redefine Properties

7D

3.1%

1Y

1.8%

EMI

R9.67

Emira Property Fund

7D

-3.9%

1Y

2.0%

ATT

R12.51

Attacq

7D

3.0%

1Y

21.0%

BTN

R8.15

Burstone Group

7D

2.5%

1Y

12.7%

SEA

R9.50

Spear Reit

7D

0.5%

1Y

17.7%

OCT

R9.22

Octodec Investments

7D

0.2%

1Y

-4.1%

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