Why We Think Growthpoint Properties Limited's (JSE:GRT) CEO Compensation Is Not Excessive At All
Nov 19
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South African (JSE) Diversified REITs Industry Analysis
UpdatedNov 20, 2024
DataAggregated Company Financials
Companies12
- 7D1.5%
- 3M5.2%
- 1Y30.3%
- YTDn/a
The Diversified REITs industry is up 1.5% in the last week, with Growthpoint Properties up 1.5%. This means that the industry has gained 30% over the past year.
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 |
|---|---|---|---|---|---|---|
| Thu, 21 Nov 2024 | R127.2b | R40.9b | R10.3b | 9.4x | 12.3x | 3.1x |
| Sat, 19 Oct 2024 | R127.8b | R40.5b | R8.1b | 9.6x | 15.8x | 3.2x |
| Mon, 16 Sep 2024 | R129.5b | R40.1b | R8.3b | 9.7x | 15.5x | 3.2x |
| Wed, 14 Aug 2024 | R117.1b | R39.5b | R7.4b | 10.2x | 15.9x | 3x |
| Fri, 12 Jul 2024 | R112.8b | R39.5b | R7.4b | 10.1x | 15.3x | 2.9x |
| Sun, 09 Jun 2024 | R103.8b | R39.2b | R7.4b | 9x | 14.1x | 2.6x |
| Tue, 07 May 2024 | R103.1b | R38.8b | R7.7b | 8.6x | 13.4x | 2.7x |
| Thu, 04 Apr 2024 | R103.3b | R38.8b | R7.5b | 9.3x | 13.7x | 2.7x |
| Sat, 02 Mar 2024 | R105.8b | R38.0b | R8.6b | 9.3x | 12.3x | 2.8x |
| Mon, 29 Jan 2024 | R132.7b | R42.2b | R9.4b | 9.8x | 14.1x | 3.1x |
| Wed, 27 Dec 2023 | R129.5b | R42.2b | R9.4b | 8.9x | 13.8x | 3.1x |
| Fri, 24 Nov 2023 | R120.7b | R41.9b | R10.4b | 8.7x | 11.6x | 2.9x |
| Sun, 22 Oct 2023 | R115.7b | R41.4b | R16.6b | 9.3x | 7x | 2.8x |
| Tue, 19 Sep 2023 | R123.4b | R40.8b | R16.5b | 9x | 7.5x | 3x |
| Thu, 17 Aug 2023 | R128.9b | R40.5b | R20.3b | 9x | 6.3x | 3.2x |
| Sat, 15 Jul 2023 | R124.6b | R40.5b | R20.3b | 8.9x | 6.1x | 3.1x |
| Mon, 12 Jun 2023 | R127.0b | R40.5b | R20.5b | 8.7x | 6.2x | 3.1x |
| Wed, 10 May 2023 | R128.9b | R39.2b | R23.2b | 6.8x | 5.5x | 3.3x |
| Fri, 07 Apr 2023 | R134.7b | R38.8b | R22.7b | 8.7x | 5.9x | 3.5x |
| Sun, 05 Mar 2023 | R147.9b | R43.3b | R25.7b | 6.9x | 5.8x | 3.4x |
| Tue, 31 Jan 2023 | R151.4b | R43.1b | R25.4b | 7x | 6x | 3.5x |
| Thu, 29 Dec 2022 | R156.8b | R43.1b | R25.3b | 7.5x | 6.2x | 3.6x |
| Sat, 26 Nov 2022 | R153.7b | R42.3b | R26.5b | 5.9x | 5.8x | 3.6x |
| Mon, 24 Oct 2022 | R146.2b | R41.3b | R20.5b | 7.8x | 7.1x | 3.5x |
| Wed, 21 Sep 2022 | R146.9b | R41.3b | R20.5b | 7.9x | 7.2x | 3.6x |
| Fri, 19 Aug 2022 | R154.3b | R40.7b | R19.9b | 8.1x | 7.8x | 3.8x |
| Sun, 17 Jul 2022 | R145.2b | R40.7b | R19.9b | 7.7x | 7.3x | 3.6x |
| Tue, 14 Jun 2022 | R147.5b | R40.6b | R19.7b | 7.6x | 7.5x | 3.6x |
| Thu, 12 May 2022 | R156.1b | R40.2b | R17.2b | 8.4x | 9.1x | 3.9x |
| Sat, 09 Apr 2022 | R167.3b | R40.8b | R17.1b | 9.3x | 9.8x | 4.1x |
| Mon, 07 Mar 2022 | R164.0b | R42.4b | R10.3b | 10.2x | 16x | 3.9x |
| Wed, 02 Feb 2022 | R165.6b | R44.3b | R10.0b | 10.9x | 16.5x | 3.7x |
| Fri, 31 Dec 2021 | R165.9b | R42.4b | R10.0b | 10x | 16.6x | 3.9x |
| Sun, 28 Nov 2021 | R148.8b | R42.3b | R9.2b | 9.6x | 16.2x | 3.5x |
Price to Earnings Ratio
16.2x
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 12.3x which is higher than its 3-year average PE of 10.5x.
- The industry is trading close to its 3-year average PS ratio of 3.3x.
Past Earnings Growth
- The earnings for companies in the Diversified REITs industry have grown 3.9% per year over the last three years, while revenues have remained mostly flat.
- This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.
Industry Comparison
How does South African Diversified REITs compare with similar industries?
| ZA Market | 0.33% | |
| Real Estate | 1.01% | |
| REITS | 1.54% | |
| Diversified REITs | 1.54% | |
| Industrial REITs | 1.29% | |
| Retail REITs | 1.00% | |
| Residential REITs | 0% | |
| Specialized REITs | 0% | |
| Hotel and Resort REITs | 0% | |
| Healthcare REITs | 0% | |
| Office REITs | -2.78% | |
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 | R13.11 | 2.4% +R1.0b | 27.2% | PB0.7x | |
| RDF Redefine Properties | R4.75 | 1.7% +R540.2m | 40.9% | PB0.6x | |
| ATT Attacq | R13.41 | 5.6% +R496.8m | 48.5% | PB0.7x | |
| SAC SA Real Estate | R2.92 | 7.0% +R472.0m | 41.1% | PB0.7x | |
| BTN Burstone Group | R10.07 | 6.0% +R456.7m | 31.1% | PB0.6x |