South African (JSE) Retail REITs Industry Analysis
UpdatedApr 26, 2024
DataAggregated Company Financials
Companies8
- 7D-0.5%
- 3M-5.6%
- 1Y0.1%
- YTDn/a
Over the last 7 days, the Retail REITs industry has dropped 1.0%, driven by pullbacks in Resilient REIT and Dipula Income Fund of 1.1% and 4.1%, respectively. Overall the industry is down 3.1% in 12 months.
Industry Valuation and Performance
Has the South African Retail REITs Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 26 Apr 2024 | R57.5b | R19.7b | R9.4b | 4.7x | 6.1x | 2.9x |
| Sun, 24 Mar 2024 | R59.7b | R19.7b | R9.4b | 4.7x | 6.4x | 3x |
| Tue, 20 Feb 2024 | R60.4b | R17.3b | R9.2b | 5.6x | 6.6x | 3.5x |
| Thu, 18 Jan 2024 | R66.4b | R19.7b | R10.0b | 6.2x | 6.7x | 3.4x |
| Sat, 16 Dec 2023 | R66.7b | R19.7b | R10.2b | 5.9x | 6.5x | 3.4x |
| Mon, 13 Nov 2023 | R62.5b | R19.5b | R10.6b | 4.8x | 5.9x | 3.2x |
| Wed, 11 Oct 2023 | R63.6b | R19.4b | R10.5b | 4.7x | 6x | 3.3x |
| Fri, 08 Sep 2023 | R65.5b | R19.6b | R11.2b | 4.7x | 5.8x | 3.3x |
| Sun, 06 Aug 2023 | R65.9b | R19.6b | R11.2b | 4.7x | 5.9x | 3.4x |
| Tue, 04 Jul 2023 | R62.2b | R19.6b | R11.9b | 4.6x | 5.2x | 3.2x |
| Thu, 01 Jun 2023 | R60.5b | R17.9b | R10.5b | 5.5x | 5.8x | 3.4x |
| Sat, 29 Apr 2023 | R65.2b | R17.8b | R10.5b | 5.6x | 6.2x | 3.7x |
| Mon, 27 Mar 2023 | R21.5b | R4.9b | R4.2b | 8.2x | 5.1x | 4.4x |
| Wed, 22 Feb 2023 | R60.4b | R16.3b | R10.6b | 5.1x | 5.7x | 3.7x |
| Fri, 20 Jan 2023 | R61.7b | R16.3b | R10.6b | 5x | 5.8x | 3.8x |
| Sun, 18 Dec 2022 | R60.1b | R16.2b | R10.7b | 5.1x | 5.6x | 3.7x |
| Tue, 15 Nov 2022 | R62.2b | R16.0b | R9.3b | 8.2x | 6.7x | 3.9x |
| Thu, 13 Oct 2022 | R59.8b | R16.7b | R9.1b | 7.9x | 6.6x | 3.6x |
| Sat, 10 Sep 2022 | R61.9b | R16.4b | R7.9b | 8.9x | 7.8x | 3.8x |
| Mon, 08 Aug 2022 | R62.9b | R15.1b | R7.4b | 9.2x | 8.5x | 4.2x |
| Wed, 06 Jul 2022 | R59.8b | R15.1b | R7.4b | 8.7x | 8x | 4x |
| Fri, 03 Jun 2022 | R58.4b | R13.6b | R6.1b | 9.1x | 9.5x | 4.3x |
| Sun, 01 May 2022 | R56.0b | R12.3b | R5.1b | 9.4x | 10.9x | 4.5x |
| Tue, 29 Mar 2022 | R62.2b | R12.9b | R5.4b | 10.9x | 11.5x | 4.8x |
| Thu, 24 Feb 2022 | R62.8b | R11.3b | R1.8b | 12.7x | 34.1x | 5.6x |
| Sat, 22 Jan 2022 | R57.9b | R10.7b | R1.6b | 9.4x | 37.3x | 5.4x |
| Mon, 20 Dec 2021 | R58.1b | R10.7b | R1.6b | 9.4x | 37.4x | 5.4x |
| Wed, 17 Nov 2021 | R55.7b | R10.3b | R419.2m | 16x | 132.8x | 5.4x |
| Fri, 15 Oct 2021 | R52.7b | R10.1b | R278.0m | 16.4x | 189.6x | 5.2x |
| Sun, 12 Sep 2021 | R50.2b | R10.1b | R278.0m | 15.9x | 180.7x | 5x |
| Tue, 10 Aug 2021 | R50.0b | R10.2b | -R2,281,703,833.00 | 16.2x | -21.9x | 4.9x |
| Mon, 03 May 2021 | R48.8b | R10.3b | -R5,653,506,333.00 | 12.7x | -8.6x | 4.7x |
Price to Earnings Ratio
-8.6x
Current Industry PE
- Investors are pessimistic on the South African Retail REITs 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 6.1x which is lower than its 3-year average PE of 20.2x.
- The 3-year average PS ratio of 4.1x is higher than the industry's current PS ratio of 2.9x.
Past Earnings Growth
- Total earnings for the Retail REITs industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 24% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Comparison
How does South African Retail REITs compare with similar industries?
| ZA Market | -0.35% | |
| Real Estate | -0.30% | |
| REITS | -0.65% | |
| Retail REITs | -0.55% | |
| Office REITs | 3.70% | |
| Residential REITs | 0% | |
| Specialized REITs | 0% | |
| Hotel and Resort REITs | 0% | |
| Healthcare REITs | 0% | |
| Diversified REITs | -0.65% | |
| Industrial REITs | -4.84% | |
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 | |
|---|---|---|---|---|---|
| VKE Vukile Property Fund | R14.73 | 0.3% +R41.4m | 17.0% | PB0.7x |