South African (JSE) Diversified REITs Industry Analysis
UpdatedJun 05, 2023
DataAggregated Company Financials
Companies15
- 7D2.1%
- 3M-4.2%
- 1Y-6.6%
- YTD-9.8%
In the last week, the Diversified REITs industry is up 2.0%, with Growthpoint Properties up 2.9%. During this same period, the Octodec Investments underperformed, falling 8.1%. In the past year, the industry is down 7.0%. Earnings are forecast to grow by 24% 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 | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 06 Jun 2023 | R124.9b | R40.6b | R20.5b | 8.6x | 6.1x | 3.1x |
| Thu, 04 May 2023 | R133.0b | R39.2b | R23.2b | 7x | 5.7x | 3.4x |
| Sat, 01 Apr 2023 | R128.7b | R38.8b | R22.7b | 7.7x | 5.7x | 3.3x |
| Mon, 27 Feb 2023 | R149.0b | R43.3b | R25.7b | 7x | 5.8x | 3.4x |
| Wed, 25 Jan 2023 | R152.7b | R43.1b | R25.4b | 7.1x | 6x | 3.5x |
| Fri, 23 Dec 2022 | R154.1b | R43.1b | R25.3b | 7.2x | 6.1x | 3.6x |
| Sun, 20 Nov 2022 | R154.0b | R42.2b | R26.2b | 6.8x | 5.9x | 3.6x |
| Tue, 18 Oct 2022 | R142.7b | R41.3b | R20.5b | 7.5x | 6.9x | 3.5x |
| Thu, 15 Sep 2022 | R148.8b | R41.1b | R17.1b | 8.6x | 8.7x | 3.6x |
| Sat, 13 Aug 2022 | R155.2b | R40.7b | R19.8b | 8.1x | 7.8x | 3.8x |
| Mon, 11 Jul 2022 | R145.5b | R40.7b | R19.8b | 7.5x | 7.3x | 3.6x |
| Wed, 08 Jun 2022 | R156.0b | R40.5b | R18.6b | 8.2x | 8.4x | 3.9x |
| Fri, 06 May 2022 | R162.1b | R40.9b | R17.9b | 8.7x | 9.1x | 4x |
| Sun, 03 Apr 2022 | R167.8b | R40.8b | R17.1b | 9.3x | 9.8x | 4.1x |
| Tue, 01 Mar 2022 | R157.7b | R42.4b | R10.3b | 8.5x | 15.3x | 3.7x |
| Thu, 27 Jan 2022 | R156.7b | R42.3b | R9.9b | 10.2x | 15.9x | 3.7x |
| Sat, 25 Dec 2021 | R161.5b | R42.4b | R9.9b | 9.5x | 16.3x | 3.8x |
| Mon, 22 Nov 2021 | R154.2b | R42.2b | R8.8b | 9.7x | 17.6x | 3.7x |
| Wed, 20 Oct 2021 | R154.1b | R42.0b | -R5,841,836,739.00 | 12.1x | -26.4x | 3.7x |
| Fri, 17 Sep 2021 | R155.6b | R41.5b | -R12,025,759,104.00 | 18.3x | -12.9x | 3.7x |
| Sun, 15 Aug 2021 | R155.8b | R41.8b | -R23,066,530,804.47 | 15.3x | -6.8x | 3.7x |
| Thu, 10 Jun 2021 | R150.4b | R41.0b | -R29,544,305,804.47 | 19.9x | -5.1x | 3.7x |
| Wed, 03 Mar 2021 | R138.4b | R40.8b | -R35,670,725,514.21 | 20.1x | -3.9x | 3.4x |
| Sat, 05 Dec 2020 | R116.4b | R42.1b | -R36,669,451,943.06 | 13.2x | -3.2x | 2.8x |
| Tue, 08 Sep 2020 | R111.5b | R43.5b | -R36,885,635,162.02 | 14.7x | -3x | 2.6x |
Price to Earnings Ratio
-3.9x
Current Industry PE
- Investors are optimistic on the South African Diversified REITs industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 6.1x which is higher than its 3-year average PE of 1.6x.
- The 3-year average PS ratio of 3.4x is higher than the industry's current PS ratio of 3.1x.
Past Earnings Growth
- Total earnings for the Diversified REITs industry have gone up over the last three years and the industry is now profitable.
- Revenues have declined 2.6% per year.
- This means that less sales are being generated overall, but since the cost of doing business is lower, profits have been increasing.
Industry Comparison
How does South African Diversified REITs compare with similar industries?
| ZA Market | 2.31% | |
| Real Estate | 1.81% | |
| REITS | 2.02% | |
| Diversified REITs | 2.09% | |
| Retail REITs | 3.41% | |
| Office REITs | 0% | |
| Specialized REITs | 0% | |
| Hotel and Resort REITs | 0% | |
| Healthcare REITs | 0% | |
| Residential REITs | -0.075% | |
| Industrial REITs | -3.43% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| GRT Growthpoint Properties | R11.99 | 2.9% +R1.2b | -14.2% | PB0.6x | |
| FTA Fairvest | R14.00 | 3.7% +R761.8m | -1.8% | PB2.5x | |
| RDF Redefine Properties | R3.23 | 3.5% +R742.8m | -19.7% | PB0.4x | |
| ATT Attacq | R8.65 | 9.5% +R528.8m | 32.3% | PB0.5x | |
| MLI Industrials REIT | R39.59 | 2.6% +R296.9m | 11.8% | PB1x |