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South African (JSE) REITS Industry Analysis

UpdatedJul 16, 2025
DataAggregated Company Financials
Companies12
  • 7D1.0%
  • 3M9.7%
  • 1Y12.8%
  • YTD4.2%

Over the last 7 days, the REITS industry has remained flat. The past year has been better, since the industry has gained 13% in that time.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 16 Jul 2025R132.1bR42.1bR13.3b7.9x9.9x3.1x
Fri, 13 Jun 2025R130.8bR42.1bR13.3b7.9x9.8x3.1x
Sun, 11 May 2025R124.3bR41.9bR12.9b8.8x9.6x3x
Tue, 08 Apr 2025R111.9bR41.9bR13.1b6.6x8.5x2.7x
Thu, 06 Mar 2025R120.8bR41.0bR10.5b7.5x11.5x2.9x
Sat, 01 Feb 2025R119.1bR41.0bR10.5b7.6x11.3x2.9x
Mon, 30 Dec 2024R124.4bR41.0bR10.5b7.7x11.8x3x
Wed, 27 Nov 2024R126.1bR40.9bR10.3b7.8x12.3x3.1x
Fri, 25 Oct 2024R130.1bR40.5bR8.1b10x16.1x3.2x
Sun, 22 Sep 2024R128.8bR40.0bR8.3b9.8x15.5x3.2x
Tue, 20 Aug 2024R119.9bR39.5bR7.4b9.9x16.3x3x
Thu, 18 Jul 2024R112.7bR39.5bR7.4b10.2x15.3x2.9x
Sat, 15 Jun 2024R106.8bR39.5bR7.4b9.3x14.5x2.7x
Mon, 13 May 2024R104.4bR39.2bR8.0b8.8x13.1x2.7x
Wed, 10 Apr 2024R105.7bR38.8bR7.5b9.3x14x2.7x
Fri, 08 Mar 2024R107.3bR38.0bR8.6b9.3x12.4x2.8x
Sun, 04 Feb 2024R138.3bR43.5bR9.8b9.6x14.1x3.2x
Tue, 02 Jan 2024R133.3bR43.5bR9.8b9.2x13.5x3.1x
Thu, 30 Nov 2023R124.5bR43.2bR10.9b8.7x11.4x2.9x
Sat, 28 Oct 2023R118.3bR42.8bR17.2b8.7x6.9x2.8x
Mon, 25 Sep 2023R126.3bR42.1bR17.0b9.1x7.4x3x
Wed, 23 Aug 2023R129.8bR41.9bR20.8b9x6.2x3.1x
Fri, 21 Jul 2023R130.5bR41.9bR20.8b8.8x6.3x3.1x
Sun, 18 Jun 2023R131.1bR41.8bR20.9b8.7x6.3x3.1x
Tue, 16 May 2023R130.2bR40.5bR23.7b7.6x5.5x3.2x
Thu, 13 Apr 2023R138.2bR40.2bR23.2b8.8x6x3.4x
Sat, 11 Mar 2023R227.2bR65.1bR29.8b5.9x7.6x3.5x
Mon, 06 Feb 2023R238.1bR64.8bR29.3b6.2x8.1x3.7x
Wed, 04 Jan 2023R241.1bR64.8bR29.2b6.2x8.2x3.7x
Fri, 02 Dec 2022R239.0bR64.8bR30.5b6x7.8x3.7x
Sun, 30 Oct 2022R232.0bR62.8bR23.4b8.2x9.9x3.7x
Tue, 27 Sep 2022R220.7bR62.8bR22.1b7.6x10x3.5x
Thu, 25 Aug 2022R238.5bR62.4bR21.9b7.2x10.9x3.8x
Sat, 23 Jul 2022R234.7bR61.0bR21.3b7.1x11x3.8x
Price to Earnings Ratio

11x


Total Market Cap: R234.7bTotal Earnings: R21.3bTotal Revenue: R61.0bTotal 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 3.2x.
Past Earnings Growth
  • The earnings for companies in the REITs industry have declined 15% 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-0.83%
Real Estate0.54%
REITS0.99%
Office REITs3.71%
Diversified REITs0.99%
Industrial REITs0.52%
Residential REITs0%0
Specialized REITs0%0
Hotel and Resort REITs0%0
Retail REITs-0.29%
Industry PE
  • Investors are most optimistic about the Industrial REITs industry which is trading above its 3-year average PE ratio of 2.9x.
    • 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
FTA FairvestR18.402.3%
+R716.2m
19.1%PB3.5x
RDF Redefine PropertiesR4.771.7%
+R540.2m
12.2%PB0.6x
GRT Growthpoint PropertiesR14.040.9%
+R407.3m
16.3%PB0.7x
SEA Spear ReitR10.293.4%
+R108.9m
12.6%PB0.8x
ATT AttacqR14.430.9%
+R91.0m
33.6%PB0.7x

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