South African (JSE) Retail REITs Industry Analysis
UpdatedJun 05, 2023
DataAggregated Company Financials
Companies10
- 7D2.3%
- 3M-9.5%
- 1Y-7.4%
- YTD-8.2%
Last week, the Retail REITs industry hasn't moved much but Vukile Property Fund is up 6.4% in that time. Unfortunately though, the industry is down 7.3% 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 |
|---|---|---|---|---|---|---|
| Mon, 05 Jun 2023 | R61.2b | R17.9b | R10.4b | 5.5x | 5.9x | 3.4x |
| Wed, 03 May 2023 | R65.2b | R17.8b | R10.5b | 5.6x | 6.2x | 3.7x |
| Fri, 31 Mar 2023 | R58.3b | R17.0b | R10.5b | 5.1x | 5.5x | 3.4x |
| Sun, 26 Feb 2023 | R60.6b | R16.3b | R10.6b | 5.1x | 5.7x | 3.7x |
| Tue, 24 Jan 2023 | R61.6b | R16.3b | R10.6b | 5x | 5.8x | 3.8x |
| Thu, 22 Dec 2022 | R60.5b | R16.2b | R10.7b | 5.2x | 5.7x | 3.7x |
| Sat, 19 Nov 2022 | R62.5b | R16.1b | R10.0b | 8.3x | 6.3x | 3.9x |
| Mon, 17 Oct 2022 | R60.2b | R16.7b | R9.1b | 8.1x | 6.6x | 3.6x |
| Wed, 14 Sep 2022 | R62.4b | R16.4b | R7.9b | 9x | 7.9x | 3.8x |
| Fri, 12 Aug 2022 | R63.8b | R15.1b | R7.4b | 9.2x | 8.6x | 4.2x |
| Sun, 10 Jul 2022 | R61.8b | R15.1b | R7.4b | 9x | 8.3x | 4.1x |
| Tue, 07 Jun 2022 | R57.7b | R13.6b | R6.1b | 9.1x | 9.4x | 4.2x |
| Thu, 05 May 2022 | R54.8b | R12.3b | R5.1b | 9.4x | 10.7x | 4.5x |
| Sat, 02 Apr 2022 | R57.2b | R12.3b | R5.1b | 9.4x | 11.2x | 4.6x |
| Mon, 28 Feb 2022 | R62.1b | R11.3b | R1.8b | 12.7x | 33.7x | 5.5x |
| Wed, 26 Jan 2022 | R56.3b | R10.7b | R1.6b | 9.4x | 36.3x | 5.2x |
| Fri, 24 Dec 2021 | R57.2b | R10.7b | R1.6b | 9.4x | 36.9x | 5.3x |
| Sun, 21 Nov 2021 | R55.8b | R10.3b | R474.9m | 16x | 117.5x | 5.4x |
| Tue, 19 Oct 2021 | R54.1b | R10.1b | R278.0m | 16.6x | 194.5x | 5.3x |
| Thu, 16 Sep 2021 | R50.9b | R10.1b | R278.0m | 16.5x | 183.1x | 5x |
| Sat, 14 Aug 2021 | R49.6b | R10.2b | -R2,281,703,833.00 | 16.1x | -21.7x | 4.9x |
| Wed, 09 Jun 2021 | R46.5b | R10.3b | -R5,653,506,333.00 | 13.1x | -8.2x | 4.5x |
| Tue, 02 Mar 2021 | R42.8b | R10.7b | -R10,318,911,333.00 | 11.5x | -4.2x | 4x |
| Fri, 04 Dec 2020 | R38.7b | R12.1b | -R10,699,945,926.00 | 13.3x | -3.6x | 3.2x |
| Mon, 07 Sep 2020 | R34.2b | R13.5b | -R9,131,981,021.00 | 13.2x | -3.7x | 2.5x |
Price to Earnings Ratio
-4.4x
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 5.8x which is lower than its 3-year average PE of 17.6x.
- The 3-year average PS ratio of 4.1x is higher than the industry's current PS ratio of 3.4x.
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 9.8% 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 | 2.11% | |
| Real Estate | 1.61% | |
| REITS | 1.89% | |
| Retail REITs | 2.32% | |
| Diversified REITs | 1.96% | |
| Office REITs | 0% | |
| Specialized REITs | 0% | |
| Hotel and Resort REITs | 0% | |
| Healthcare REITs | 0% | |
| Residential REITs | -0.075% | |
| Industrial REITs | -2.53% | |
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 | R12.70 | 6.4% +R787.5m | -5.5% | PB0.7x | |
| EXP Exemplar REITail | R10.00 | 11.1% +R332.3m | 4.2% | PB0.7x | |
| L2D Liberty Two Degrees | R4.10 | 8.8% +R287.0m | -2.1% | PB0.5x | |
| DIB Dipula Income Fund | R4.00 | 7.8% +R259.2m | 3.6% | PB0.6x | |
| HYP Hyprop Investments | R30.50 | 2.2% +R232.8m | -15.5% | PB0.5x |