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South African (JSE) REITS Industry Analysis

UpdatedJan 20, 2025
DataAggregated Company Financials
Companies12
  • 7D1.4%
  • 3M-3.9%
  • 1Y13.9%
  • YTD-2.3%

In the last week, the REITS industry is up 1.4%, with Growthpoint Properties up 2.6%. This takes the industry's 12 month performance to a gain of 14%.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 20 Jan 2025R121.1bR41.0bR10.5b7.6x11.5x3x
Wed, 18 Dec 2024R125.4bR41.0bR10.5b7.7x11.9x3.1x
Fri, 15 Nov 2024R124.3bR40.9bR10.3b9.1x12x3x
Sun, 13 Oct 2024R132.4bR40.5bR8.1b9.7x16.4x3.3x
Tue, 10 Sep 2024R128.9bR39.5bR7.4b10.2x17.5x3.3x
Thu, 08 Aug 2024R116.5bR39.5bR7.4b10.2x15.8x3x
Sat, 06 Jul 2024R112.9bR39.5bR7.4b10.5x15.3x2.9x
Mon, 03 Jun 2024R101.4bR39.5bR7.9b7.5x12.8x2.6x
Wed, 01 May 2024R103.2bR38.8bR7.7b8.7x13.4x2.7x
Fri, 29 Mar 2024R104.7bR38.5bR7.5b9.3x13.9x2.7x
Sun, 25 Feb 2024R107.9bR38.0bR8.6b9.4x12.5x2.8x
Tue, 23 Jan 2024R133.6bR43.5bR9.8b9.8x13.6x3.1x
Thu, 21 Dec 2023R131.2bR43.5bR9.8b9.2x13.3x3x
Sat, 18 Nov 2023R124.2bR43.1bR11.2b9.7x11.1x2.9x
Mon, 16 Oct 2023R124.0bR42.8bR17.1b10x7.3x2.9x
Wed, 13 Sep 2023R128.5bR41.9bR20.8b8.8x6.2x3.1x
Fri, 11 Aug 2023R136.2bR41.9bR20.8b9.1x6.5x3.3x
Sun, 09 Jul 2023R128.3bR41.9bR20.8b9x6.2x3.1x
Tue, 06 Jun 2023R128.6bR41.9bR20.9b8.9x6.1x3.1x
Thu, 04 May 2023R136.5bR40.5bR23.7b7.7x5.8x3.4x
Sat, 01 Apr 2023R150.2bR43.7bR26.9b7.7x5.6x3.4x
Mon, 27 Feb 2023R231.0bR65.0bR29.7b5.9x7.8x3.6x
Wed, 25 Jan 2023R235.9bR64.8bR29.3b6x8.1x3.6x
Fri, 23 Dec 2022R237.3bR64.8bR29.2b6.2x8.1x3.7x
Sun, 20 Nov 2022R239.5bR63.8bR29.5b7.6x8.1x3.8x
Tue, 18 Oct 2022R225.9bR63.4bR23.3b7.5x9.7x3.6x
Thu, 15 Sep 2022R235.2bR62.7bR19.0b7.3x12.4x3.8x
Sat, 13 Aug 2022R245.7bR61.0bR21.2b7.5x11.6x4x
Mon, 11 Jul 2022R232.2bR61.0bR21.2b7x10.9x3.8x
Wed, 08 Jun 2022R240.2bR59.3bR18.6b7.9x12.9x4.1x
Fri, 06 May 2022R244.6bR58.4bR16.9b8.1x14.5x4.2x
Sun, 03 Apr 2022R254.1bR58.1bR15.8b8.4x16.1x4.4x
Tue, 01 Mar 2022R245.6bR58.7bR14.9b8.5x16.5x4.2x
Thu, 27 Jan 2022R239.0bR58.0bR14.1b9.3x16.9x4.1x
Price to Earnings Ratio

16.9x


Total Market Cap: R239.0bTotal Earnings: R14.1bTotal Revenue: R58.0bTotal Market Cap vs Earnings and Revenue0%0%0%
South African REITS Industry Price to Earnings3Y Average 11.3x202320242025
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 11.3x.
  • The 3-year average PS ratio of 3.3x is higher than the industry's current PS ratio of 3.0x.
Past Earnings Growth
  • The earnings for companies in the REITs industry have declined 9.3% per year over the last three years,
  • Revenues have also declined 11% 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 Market2.28%
Real Estate0.40%
REITS1.38%
Office REITs7.31%
Retail REITs1.41%
Diversified REITs1.38%
Industrial REITs0.84%
Residential REITs0%0
Specialized REITs0%0
Hotel and Resort REITs0%0
Healthcare REITs0%0
Industry PE
  • Investors are most optimistic about the Industrial REITs industry which is trading above its 3-year average PE ratio of 2.3x.
    • 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
GRT Growthpoint PropertiesR12.411.3%
+R541.9m		10.1%PB0.6x
RDF Redefine PropertiesR4.310.5%
+R135.0m		9.1%PB0.5x
SAC SA Real EstateR2.901.4%
+R99.4m		16.0%PB0.6x
BTN Burstone GroupR8.800.8%
+R55.4m		5.5%PB0.6x
EMI Emira Property FundR10.700.09%
+R4.8m		25.9%PB0.6x
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Latest News

GRT

R12.41

Growthpoint Properties

7D

1.3%

1Y

10.1%

RDF

R4.31

Redefine Properties

7D

0.5%

1Y

9.1%

FTA

R17.80

Fairvest

7D

-2.7%

1Y

6.1%

BTN

R8.80

Burstone Group

7D

0.8%

1Y

5.5%

OCT

R11.25

Octodec Investments

7D

-1.2%

1Y

22.3%

EMI

R10.70

Emira Property Fund

7D

0.09%

1Y

25.9%

ATT

R12.91

Attacq

7D

-3.5%

1Y

42.2%

SEA

R9.50

Spear Reit

7D

-1.0%

1Y

8.7%

SAC

R2.90

SA Real Estate

7D

1.4%

1Y

16.0%