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South African (JSE) REITS Industry Analysis

UpdatedAug 30, 2025
DataAggregated Company Financials
Companies12
  • 7D-1.0%
  • 3M5.2%
  • 1Y6.8%
  • YTD8.0%

Over the last 7 days, the REITS industry has dropped 1.0%, driven by a pullback from Growthpoint Properties of 3.6%. In the past year, the industry has gained 6.8%. Looking forward, earnings are forecast to grow by 80% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 30 Aug 2025R137.0bR42.1bR13.3b8.6x10.3x3.3x
Mon, 28 Jul 2025R132.9bR42.1bR13.3b8x10x3.2x
Wed, 25 Jun 2025R127.7bR42.1bR13.3b7.9x9.6x3x
Fri, 23 May 2025R125.0bR42.1bR13.7b7.9x9.1x3x
Sun, 20 Apr 2025R119.0bR41.9bR13.1b7.1x9.1x2.8x
Tue, 18 Mar 2025R122.1bR41.6bR12.7b7.5x9.6x2.9x
Thu, 13 Feb 2025R120.3bR41.0bR10.5b7.6x11.4x2.9x
Sat, 11 Jan 2025R122.6bR41.0bR10.5b7.6x11.7x3x
Mon, 09 Dec 2024R127.1bR41.0bR10.5b7.8x12.1x3.1x
Wed, 06 Nov 2024R126.2bR40.5bR8.1b9.6x15.6x3.1x
Fri, 04 Oct 2024R128.8bR40.5bR8.0b9.1x16.1x3.2x
Sun, 01 Sep 2024R125.1bR39.5bR7.4b10.1x17x3.2x
Tue, 30 Jul 2024R112.7bR39.5bR7.4b10x15.3x2.9x
Thu, 27 Jun 2024R110.3bR39.5bR7.4b10.2x15x2.8x
Sat, 25 May 2024R102.9bR39.3bR7.6b6.3x13.5x2.6x
Mon, 22 Apr 2024R99.5bR38.8bR7.5b9.3x13.2x2.6x
Wed, 20 Mar 2024R106.5bR38.6bR7.0b9.3x15.3x2.8x
Fri, 16 Feb 2024R107.9bR38.0bR8.6b9.3x12.5x2.8x
Sun, 14 Jan 2024R133.4bR43.5bR9.8b9.3x13.6x3.1x
Tue, 12 Dec 2023R128.8bR43.5bR9.8b8.7x13.1x3x
Thu, 09 Nov 2023R125.3bR42.8bR17.1b8.7x7.3x2.9x
Sat, 07 Oct 2023R123.4bR42.3bR17.0b10.1x7.2x2.9x
Mon, 04 Sep 2023R130.7bR41.9bR20.8b8.9x6.3x3.1x
Wed, 02 Aug 2023R134.3bR41.9bR20.8b9x6.5x3.2x
Fri, 30 Jun 2023R124.6bR41.4bR20.8b8.7x6x3x
Sun, 28 May 2023R126.5bR41.9bR21.0b8.3x6x3x
Tue, 25 Apr 2023R134.5bR40.5bR23.6b7.6x5.7x3.3x
Thu, 23 Mar 2023R147.9bR43.7bR26.9b7.6x5.5x3.4x
Sat, 18 Feb 2023R235.4bR64.8bR29.4b6.2x8x3.6x
Mon, 16 Jan 2023R240.2bR64.8bR29.3b6.2x8.2x3.7x
Wed, 14 Dec 2022R234.7bR64.8bR29.1b6.4x8.1x3.6x
Fri, 11 Nov 2022R235.6bR63.6bR28.7b7.6x8.2x3.7x
Sun, 09 Oct 2022R223.6bR63.3bR23.3b7.4x9.6x3.5x
Tue, 06 Sep 2022R231.3bR61.4bR19.0b7.1x12.2x3.8x
Price to Earnings Ratio

12.2x


Total Market Cap: R231.3bTotal Earnings: R19.0bTotal Revenue: R61.4bTotal Market Cap vs Earnings and Revenue0%0%0%
South African REITS Industry Price to Earnings3Y Average 10.6x202320242025
Current Industry PE
  • Investors are relatively neutral on the South African REITs industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 10.6x.
  • The industry is trading close to its 3-year average PS ratio of 3.1x.
Past Earnings Growth
  • The earnings for companies in the REITs industry have declined 11% per year over the last three years,
  • Revenues have also declined 12% 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-1.35%
Real Estate-1.43%
REITS-1.00%
Residential REITs0%0
Specialized REITs0%0
Hotel and Resort REITs0%0
Retail REITs-0.63%
Diversified REITs-1.00%
Industrial REITs-1.01%
Office REITs-7.32%
Industry PE
  • Investors are most optimistic about the Industrial REITs industry which is trading above its 3-year average PE ratio of 3.2x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
  • Analysts are most optimistic on the Diversified REITs industry, expecting annual earnings growth of 80% over the next 5 years.
  • This is better than its past earnings growth rate of 50% per year.
  • In contrast, the Diversified REITs industry is expected to see its earnings grow by 80% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
FTA FairvestR18.742.7%
+R835.6m		18.9%PB3.5x
RDF Redefine PropertiesR5.061.6%
+R540.2m		6.3%PB0.6x
BTN Burstone GroupR8.582.6%
+R174.6m		3.9%PB0.7x
OCT Octodec InvestmentsR11.151.4%
+R39.9m		2.4%PB0.5x
SEA Spear ReitR10.250.4%
+R12.8m		9.6%PB0.8x

Latest News

SAC
R3.08
SA Real Estate
7D
-1.9%
1Y
12.4%
EMI
R11.79
Emira Property Fund
7D
-2.2%
1Y
8.8%
FTA
R18.74
Fairvest
7D
2.7%
1Y
18.9%
BTN
R8.58
Burstone Group
7D
2.6%
1Y
3.9%

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OCT
R11.15
Octodec Investments
7D
1.4%
1Y
2.4%
SEA
R10.25
Spear Reit
7D
0.4%
1Y
9.6%
ATT
R14.38
Attacq
7D
-2.9%
1Y
24.8%
GRT
R14.43
Growthpoint Properties
7D
-3.6%
1Y
2.3%
RDF
R5.06
Redefine Properties
7D
1.6%
1Y
6.3%