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South African (JSE) REITS Industry Analysis

UpdatedMar 01, 2026
DataAggregated Company Financials
Companies11
  • 7D1.8%
  • 3M11.2%
  • 1Y45.2%
  • YTD9.9%

All of the companies in the REITS industry have been up over the last week, with the industry up 1.8%. In the last 12 months, the industry was up 45%.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 01 Mar 2026R168.0bR39.2bR14.7b9.1x11.5x4.3x
Tue, 27 Jan 2026R156.2bR39.2bR14.7b8.8x10.7x4x
Thu, 25 Dec 2025R149.7bR39.2bR14.7b8.7x10.2x3.8x
Sat, 22 Nov 2025R150.7bR39.4bR15.4b9.9x9.8x3.8x
Mon, 20 Oct 2025R143.8bR41.3bR15.6b9.3x9.2x3.5x
Wed, 17 Sep 2025R138.1bR41.2bR15.3b8.7x9x3.3x
Fri, 15 Aug 2025R137.7bR42.1bR13.3b8.4x10.4x3.3x
Sun, 13 Jul 2025R131.5bR42.1bR13.3b8x9.9x3.1x
Tue, 10 Jun 2025R131.7bR42.1bR13.3b7.9x9.9x3.1x
Thu, 08 May 2025R125.7bR41.9bR12.9b8.9x9.7x3x
Sat, 05 Apr 2025R112.5bR41.9bR13.1b6.8x8.6x2.7x
Mon, 03 Mar 2025R121.5bR41.0bR10.5b7.6x11.5x3x
Wed, 29 Jan 2025R118.2bR41.0bR10.5b7.6x11.2x2.9x
Fri, 27 Dec 2024R124.5bR41.0bR10.5b7.7x11.8x3x
Sun, 24 Nov 2024R127.4bR40.8bR11.7b8.1x10.9x3.1x
Tue, 22 Oct 2024R127.7bR40.5bR8.1b9.7x15.8x3.2x
Thu, 19 Sep 2024R129.8bR40.1bR8.3b9.7x15.6x3.2x
Sat, 17 Aug 2024R120.4bR39.5bR7.4b10.2x16.4x3.1x
Mon, 15 Jul 2024R114.0bR39.5bR7.4b10x15.5x2.9x
Wed, 12 Jun 2024R104.2bR39.5bR7.4b9.3x14.2x2.6x
Fri, 10 May 2024R102.6bR39.2bR8.0b8.7x12.9x2.6x
Sun, 07 Apr 2024R104.2bR38.8bR7.5b9.3x13.8x2.7x
Tue, 05 Mar 2024R105.3bR38.0bR8.6b9.3x12.2x2.8x
Thu, 01 Feb 2024R138.3bR43.5bR9.8b9.7x14.1x3.2x
Sat, 30 Dec 2023R133.3bR43.5bR9.8b9.2x13.5x3.1x
Mon, 27 Nov 2023R124.4bR43.2bR10.9b8.7x11.4x2.9x
Wed, 25 Oct 2023R119.9bR42.8bR17.1b10x7x2.8x
Fri, 22 Sep 2023R127.4bR42.1bR17.0b9.1x7.5x3x
Sun, 20 Aug 2023R129.0bR41.9bR20.8b8.9x6.2x3.1x
Tue, 18 Jul 2023R129.7bR41.9bR20.8b8.9x6.2x3.1x
Thu, 15 Jun 2023R129.9bR41.8bR20.9b8.9x6.2x3.1x
Sat, 13 May 2023R131.0bR40.5bR23.7b7.6x5.5x3.2x
Mon, 10 Apr 2023R138.2bR40.1bR23.1b8.8x6x3.4x
Wed, 08 Mar 2023R225.0bR63.5bR28.1b5.8x8x3.5x
Price to Earnings Ratio

8x


Total Market Cap: R225.0bTotal Earnings: R28.1bTotal Revenue: R63.5bTotal Market Cap vs Earnings and Revenue0%0%0%
South African REITS Industry Price to Earnings3Y Average 10.7x202420252026
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 10.7x.
  • The 3-year average PS ratio of 3.1x is lower than the industry's current PS ratio of 4.3x.
Past Earnings Growth
  • The earnings for companies in the REITs industry have declined 21% per year over the last three years,
  • Revenues have also declined 16% 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 Market3.99%
Real Estate0.20%
REITS1.79%
Industrial REITs2.79%
Diversified REITs1.79%
Retail REITs0.88%
Residential REITs0%0
Specialized REITs0%0
Hotel and Resort REITs0%0
Office REITs-7.76%
Industry PE
  • Investors are most optimistic about the Office REITs industry which is trading above its 3-year average PE ratio.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • Investors are most pessimistic about the Retail REITs industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 7.3x.
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
GRT Growthpoint PropertiesR18.811.3%
+R844.5m		46.8%PB0.9x
RDF Redefine PropertiesR6.931.8%
+R833.8m		57.5%PB0.9x
ATT AttacqR18.474.3%
+R531.8m		42.1%PB0.9x
EMI Emira Property FundR13.813.0%
+R186.8m		30.0%PB0.7x
BTN Burstone GroupR10.192.2%
+R174.6m		20.6%PB0.9x

Latest News

RDF
R6.93
Redefine Properties
7D
1.8%
1Y
57.5%
OCT
R14.99
Octodec Investments
7D
2.6%
1Y
36.4%
SEA
R13.04
Spear Reit
7D
2.7%
1Y
34.4%
BTN
R10.19
Burstone Group
7D
2.2%
1Y
20.6%
SAC
R3.98
SA Real Estate
7D
1.0%
1Y
37.7%
GRT
R18.81
Growthpoint Properties
7D
1.3%
1Y
46.8%
ATT
R18.47
Attacq
7D
4.3%
1Y
42.1%
EMI
R13.81
Emira Property Fund
7D
3.0%
1Y
30.0%