Investing IdeasBrowse All StocksMarkets

Have your own idea? Try our Stock Screener

Header cover image

South African (JSE) REITS Industry Analysis

UpdatedMar 24, 2025
DataAggregated Company Financials
Companies12
  • 7D-0.7%
  • 3M-2.6%
  • 1Y13.5%
  • YTD-2.3%

The REITS industry has stayed flat over the last week. As for the the longer term, the industry is up 13% over the past 12 months.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 25 Mar 2025R121.6bR41.6bR12.7b7.5x9.5x2.9x
Thu, 20 Feb 2025R120.9bR41.0bR10.5b7.6x11.5x2.9x
Sat, 18 Jan 2025R121.1bR41.0bR10.5b7.6x11.5x3x
Mon, 16 Dec 2024R127.4bR41.0bR10.5b7.8x12.1x3.1x
Wed, 13 Nov 2024R125.0bR40.9bR10.3b9.5x12.1x3.1x
Fri, 11 Oct 2024R129.6bR40.5bR8.0b9.5x16.2x3.2x
Sun, 08 Sep 2024R127.8bR39.5bR7.4b10.2x17.4x3.2x
Tue, 06 Aug 2024R114.0bR39.5bR7.4b10x15.5x2.9x
Thu, 04 Jul 2024R111.7bR39.5bR7.4b10.3x15.2x2.8x
Sat, 01 Jun 2024R101.4bR39.5bR7.9b7.5x12.8x2.6x
Mon, 29 Apr 2024R101.1bR38.8bR7.7b8.6x13.2x2.6x
Wed, 27 Mar 2024R106.0bR38.6bR7.0b9.3x15.2x2.7x
Fri, 23 Feb 2024R108.6bR38.0bR8.6b9.3x12.6x2.9x
Sun, 21 Jan 2024R133.8bR43.5bR9.8b9.9x13.6x3.1x
Tue, 19 Dec 2023R133.1bR43.5bR9.8b9.2x13.5x3.1x
Thu, 16 Nov 2023R129.3bR43.1bR11.2b9.7x11.6x3x
Sat, 14 Oct 2023R124.0bR42.8bR17.1b10x7.3x2.9x
Mon, 11 Sep 2023R129.4bR41.9bR20.8b8.6x6.2x3.1x
Wed, 09 Aug 2023R135.9bR41.9bR20.8b9x6.5x3.2x
Fri, 07 Jul 2023R127.3bR41.9bR20.8b8.9x6.1x3x
Sun, 04 Jun 2023R128.4bR41.9bR20.9b8.8x6.1x3.1x
Tue, 02 May 2023R136.9bR40.5bR23.7b7.7x5.8x3.4x
Thu, 30 Mar 2023R150.1bR43.7bR26.9b7.6x5.6x3.4x
Sat, 25 Feb 2023R231.0bR65.0bR29.7b5.9x7.8x3.6x
Mon, 23 Jan 2023R238.2bR64.8bR29.3b6.2x8.1x3.7x
Wed, 21 Dec 2022R236.9bR64.8bR29.3b6.2x8.1x3.7x
Fri, 18 Nov 2022R236.6bR62.7bR28.8b7.5x8.2x3.8x
Sun, 16 Oct 2022R225.9bR63.4bR23.3b7.5x9.7x3.6x
Tue, 13 Sep 2022R239.2bR62.7bR19.0b7.4x12.6x3.8x
Thu, 11 Aug 2022R241.4bR61.0bR21.2b7.3x11.4x4x
Sat, 09 Jul 2022R232.2bR61.0bR21.2b7x10.9x3.8x
Mon, 06 Jun 2022R241.5bR59.3bR18.6b7.8x13x4.1x
Wed, 04 May 2022R247.1bR58.2bR16.5b8.5x14.9x4.2x
Fri, 01 Apr 2022R255.9bR57.8bR15.8b8.4x16.2x4.4x
Price to Earnings Ratio

16.2x


Total Market Cap: R255.9bTotal Earnings: R15.8bTotal Revenue: R57.8bTotal Market Cap vs Earnings and Revenue0%0%0%
South African REITS Industry Price to Earnings3Y Average 11x202320242025
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 9.5x which is lower than its 3-year average PE of 11.0x.
  • The 3-year average PS ratio of 3.3x is higher than the industry's current PS ratio of 2.9x.
Past Earnings Growth
  • The earnings for companies in the REITs industry have declined 6.0% 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 Market1.96%
Real Estate0.53%
REITS-0.65%
Industrial REITs2.20%
Retail REITs1.87%
Residential REITs0%0
Specialized REITs0%0
Hotel and Resort REITs0%0
Diversified REITs-0.65%
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 2.4x.
    • 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
BTN Burstone GroupR8.422.1%
+R134.6m		10.8%PB0.6x
RDF Redefine PropertiesR4.290.2%
+R67.5m		5.4%PB0.5x
OCT Octodec InvestmentsR10.271.2%
+R31.9m		5.7%PB0.4x
ATT AttacqR13.110.2%
+R21.0m		22.6%PB0.7x
SEA Spear ReitR9.740.7%
+R18.7m		23.1%PB0.8x
Simply Wall St™
Simply Wall Street Pty Ltd
Level 7, 320 Pitt Street, Sydney
Download on the App StoreGet it on Google Play
Popular Markets
USAUUKINCAZA
About UsCareersPlans & PricingLogin
Help CenterLatest CoveragePodcastsAffiliate ProgramBusiness & EnterpriseWhat's New
Financial Services GuideTerms and ConditionsPrivacy Policy
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.

Latest News

BTN

R8.42

Burstone Group

7D

2.1%

1Y

10.8%

SAC

R2.81

SA Real Estate

7D

-2.8%

1Y

10.6%

ATT

R13.11

Attacq

7D

0.2%

1Y

22.6%

SEA

R9.74

Spear Reit

7D

0.7%

1Y

23.1%

GRT

R13.06

Growthpoint Properties

7D

-1.4%

1Y

14.7%

RDF

R4.29

Redefine Properties

7D

0.2%

1Y

5.4%

OCT

R10.27

Octodec Investments

7D

1.2%

1Y

5.7%

The Compensation For Octodec Investments Limited's (JSE:OCT) CEO Looks Deserved And Here's Why

Jan 27
The Compensation For Octodec Investments Limited's (JSE:OCT) CEO Looks Deserved And Here's Why

EMI

R10.88

Emira Property Fund

7D

-1.8%

1Y

25.3%