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South African (JSE) Retail REITs Industry Analysis
UpdatedNov 20, 2024
DataAggregated Company Financials
Companies8
- 7D1.0%
- 3M7.9%
- 1Y34.3%
- YTDn/a
Last week, the Retail REITs industry hasn't moved much but Hyprop Investments is up 3.5% in that time. As for the the longer term, the industry is up 34% over the past 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 |
|---|---|---|---|---|---|---|
| Thu, 21 Nov 2024 | R73.1b | R21.1b | R9.3b | 6x | 7.8x | 3.5x |
| Sat, 19 Oct 2024 | R73.6b | R21.1b | R9.1b | 6.5x | 8.1x | 3.5x |
| Mon, 16 Sep 2024 | R74.2b | R21.0b | R7.6b | 7.9x | 9.8x | 3.5x |
| Wed, 14 Aug 2024 | R66.2b | R20.9b | R7.1b | 7x | 9.3x | 3.2x |
| Fri, 12 Jul 2024 | R64.8b | R21.0b | R6.9b | 7.1x | 9.4x | 3.1x |
| Sun, 09 Jun 2024 | R60.4b | R20.0b | R8.6b | 5.4x | 7x | 3x |
| Tue, 07 May 2024 | R59.7b | R19.7b | R9.4b | 4.7x | 6.4x | 3x |
| Thu, 04 Apr 2024 | R59.1b | R19.7b | R9.4b | 4.7x | 6.3x | 3x |
| Sat, 02 Mar 2024 | R60.6b | R17.3b | R9.2b | 5.7x | 6.6x | 3.5x |
| Mon, 29 Jan 2024 | R68.6b | R19.7b | R10.0b | 6.6x | 6.9x | 3.5x |
| Wed, 27 Dec 2023 | R66.9b | R19.7b | R10.0b | 6x | 6.7x | 3.4x |
| Fri, 24 Nov 2023 | R61.9b | R19.5b | R10.1b | 5.9x | 6.1x | 3.2x |
| Sun, 22 Oct 2023 | R61.6b | R19.4b | R10.5b | 4.7x | 5.8x | 3.2x |
| Tue, 19 Sep 2023 | R66.5b | R19.6b | R11.2b | 4.7x | 5.9x | 3.4x |
| Thu, 17 Aug 2023 | R66.2b | R19.6b | R11.2b | 4.7x | 5.9x | 3.4x |
| Sat, 15 Jul 2023 | R62.5b | R19.5b | R11.9b | 4.6x | 5.2x | 3.2x |
| Mon, 12 Jun 2023 | R62.6b | R18.9b | R12.2b | 4.8x | 5.1x | 3.3x |
| Wed, 10 May 2023 | R64.3b | R17.8b | R10.5b | 5.5x | 6.1x | 3.6x |
| Fri, 07 Apr 2023 | R58.6b | R17.0b | R10.5b | 4.9x | 5.6x | 3.4x |
| Sun, 05 Mar 2023 | R61.3b | R16.3b | R10.7b | 5x | 5.7x | 3.8x |
| Tue, 31 Jan 2023 | R60.9b | R16.3b | R10.6b | 5.1x | 5.8x | 3.7x |
| Thu, 29 Dec 2022 | R61.6b | R16.3b | R10.6b | 5.2x | 5.8x | 3.8x |
| Sat, 26 Nov 2022 | R63.0b | R16.2b | R10.2b | 6.4x | 6.2x | 3.9x |
| Mon, 24 Oct 2022 | R61.0b | R16.7b | R9.1b | 8.1x | 6.7x | 3.7x |
| Wed, 21 Sep 2022 | R61.4b | R16.4b | R7.9b | 9x | 7.7x | 3.7x |
| Fri, 19 Aug 2022 | R65.1b | R15.1b | R7.4b | 9.3x | 8.8x | 4.3x |
| Sun, 17 Jul 2022 | R61.1b | R15.1b | R7.4b | 9x | 8.2x | 4.1x |
| Tue, 14 Jun 2022 | R57.5b | R13.7b | R6.4b | 8.7x | 9x | 4.2x |
| Thu, 12 May 2022 | R58.1b | R13.6b | R5.6b | 10.7x | 10.4x | 4.3x |
| Sat, 09 Apr 2022 | R56.5b | R12.3b | R5.1b | 9.4x | 11x | 4.6x |
| Mon, 07 Mar 2022 | R63.0b | R11.3b | R2.0b | 11.2x | 30.7x | 5.6x |
| Wed, 02 Feb 2022 | R57.8b | R10.7b | R1.6b | 9.4x | 37.2x | 5.4x |
| Fri, 31 Dec 2021 | R58.2b | R10.7b | R1.6b | 9.4x | 37.5x | 5.4x |
| Sun, 28 Nov 2021 | R53.2b | R10.4b | R503.2m | 16x | 105.8x | 5.1x |
Price to Earnings Ratio
105.8x
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 7.8x which is lower than its 3-year average PE of 11.1x.
- The industry is trading close to its 3-year average PS ratio of 3.8x.
Past Earnings Growth
- The earnings for companies in the Retail REITs industry have grown 164% per year over the last three years.
- Revenues for these companies have grown 27% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does South African Retail REITs compare with similar industries?
| ZA Market | 0.33% | |
| Real Estate | 1.01% | |
| REITS | 1.54% | |
| Retail REITs | 1.00% | |
| Diversified REITs | 1.54% | |
| Industrial REITs | 1.29% | |
| 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 | |
|---|---|---|---|---|---|
| RES Resilient REIT | R57.50 | 4.7% +R868.4m | 44.3% | PB0.9x | |
| HYP Hyprop Investments | R42.20 | 3.0% +R459.2m | 63.4% | PB0.7x | |
| DIB Dipula Income Fund | R5.24 | 9.4% +R410.4m | 36.5% | PB0.8x | |
| VKE Vukile Property Fund | R17.70 | 0.9% +R165.7m | 37.2% | PB0.8x |