South African (JSE) Diversified REITs Industry Analysis
UpdatedMay 28, 2022
DataAggregated Company Financials
Companies16
- 7D1.0%
- 3M-1.3%
- 1Y-0.1%
- YTD-6.1%
The Diversified REITs industry is up 1.0% in the last week, with Fairvest Property Holdings up 7.8%. The industry has been flat over the past 12 months despite the gain this week. Looking forward, earnings are forecast to grow by 37% annually.
Industry Valuation and Performance
Has the South African Diversified REITs Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE |
|---|---|---|---|---|
| Sat, 28 May 2022 | R156.9b | R40.2b | R17.4b | 8.1x |
| Mon, 25 Apr 2022 | R165.4b | R40.9b | R17.9b | 9.1x |
| Wed, 23 Mar 2022 | R165.6b | R42.1b | R15.2b | 10.5x |
| Fri, 18 Feb 2022 | R168.0b | R44.3b | R10.0b | 11x |
| Sun, 16 Jan 2022 | R164.1b | R42.3b | R9.9b | 10.3x |
| Tue, 14 Dec 2021 | R158.4b | R42.4b | R9.9b | 9.5x |
| Thu, 11 Nov 2021 | R157.1b | R42.1b | R7.8b | 9.9x |
| Sat, 09 Oct 2021 | R153.9b | R42.0b | -R5,826,074,135.00 | 11.8x |
| Mon, 06 Sep 2021 | R158.1b | R42.0b | -R7,576,398,804.47 | 15.6x |
| Wed, 04 Aug 2021 | R152.6b | R41.8b | -R23,066,530,804.47 | 14.6x |
| Sat, 08 May 2021 | R152.1b | R41.0b | -R29,544,305,804.47 | 18.6x |
| Tue, 09 Feb 2021 | R126.3b | R41.7b | -R39,184,078,514.21 | 13.3x |
| Mon, 02 Nov 2020 | R101.5b | R43.0b | -R40,140,760,943.06 | 12.5x |
| Thu, 06 Aug 2020 | R120.0b | R43.9b | -R31,301,566,662.02 | 13.2x |
| Sun, 10 May 2020 | R112.0b | R45.5b | -R12,119,459,864.37 | 14.8x |
| Sat, 01 Feb 2020 | R200.7b | R46.0b | R6.5b | 12.9x |
| Tue, 05 Nov 2019 | R213.2b | R45.6b | R9.7b | 11.5x |
| Fri, 09 Aug 2019 | R230.4b | R46.4b | R12.1b | 11.4x |
Median PE Ratio
9.1x
Current Industry PE
- Investors are more pessimistic on the 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 8.1x which is lower than its 3-year average PE of 13.1x.
Past Earnings Growth
- The earnings for companies in the Diversified REITs industry have grown 45% per year over the last three years.
- Meanwhile revenues for these companies have declined 4.7% per year.
- This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.
Industry Comparison
How does South African Diversified REITs compare with similar industries?
| ZA Market | 2.68% | |
| Real Estate | 1.57% | |
| REITS | 1.43% | |
| Diversified REITs | 1.01% | |
| Retail REITs | 3.37% | |
| Specialized REITs | 2.70% | |
| Residential REITs | 0.65% | |
| Hotel and Resort REITs | 0% | |
| Healthcare REITs | 0% | |
| Industrial REITs | -1.53% | |
| Office REITs | -2.02% | |
Industry PEThere is insufficient data on the sub-industries of this industry.
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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| FTA Fairvest Property Holdings | R14.50 | 7.8% +R1.6b | n/a | PB9.9x | |
| GRT Growthpoint Properties | R14.00 | 2.8% +R1.3b | -4.2% | PB0.7x | |
| RDF Redefine Properties | R4.24 | 2.7% +R736.1m | 0.7% | PB0.7x | |
| ATT Attacq | R6.70 | 4.7% +R211.5m | 0.8% | PB0.4x |