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South African (JSE) REITS Industry Analysis

UpdatedJun 14, 2026
DataAggregated Company Financials
Companies11
  • 7D2.6%
  • 3M4.0%
  • 1Y29.0%
  • YTD0.5%

The REITS industry is up 2.6% in the last week, with Growthpoint Properties up 4.8%. In the last 12 months, the industry was up 29%.

Industry Valuation and Performance

Has the South African REITS Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 14 Jun 2026R154.7bR39.3bR17.8b8.6x8.7x3.9x
Tue, 12 May 2026R153.0bR39.3bR14.1b9.3x10.8x3.9x
Thu, 09 Apr 2026R159.5bR39.3bR14.1b9.2x11.3x4.1x
Sat, 07 Mar 2026R156.1bR39.2bR14.7b8.9x10.7x4x
Mon, 02 Feb 2026R156.2bR39.2bR14.7b8.9x10.7x4x
Wed, 31 Dec 2025R152.1bR39.2bR14.7b8.7x10.4x3.9x
Fri, 28 Nov 2025R151.4bR39.4bR15.6b8.7x9.7x3.8x
Sun, 26 Oct 2025R147.6bR41.4bR15.8b9.4x9.4x3.6x
Tue, 23 Sep 2025R138.9bR41.2bR15.3b8.6x9.1x3.4x
Thu, 21 Aug 2025R138.0bR42.1bR13.3b8.5x10.4x3.3x
Sat, 19 Jul 2025R133.7bR42.1bR13.3b8x10.1x3.2x
Mon, 16 Jun 2025R127.4bR42.1bR13.3b7.8x9.6x3x
Wed, 14 May 2025R124.0bR42.0bR13.3b8.5x9.3x3x
Fri, 11 Apr 2025R114.9bR41.9bR13.1b6.9x8.8x2.7x
Sun, 09 Mar 2025R121.4bR41.0bR10.5b7.5x11.5x3x
Tue, 04 Feb 2025R119.1bR41.0bR10.5b7.5x11.3x2.9x
Thu, 02 Jan 2025R124.0bR41.0bR10.5b7.7x11.8x3x
Sat, 30 Nov 2024R125.2bR40.9bR10.3b7.7x12.2x3.1x
Mon, 28 Oct 2024R129.0bR40.5bR8.1b9.8x15.9x3.2x
Wed, 25 Sep 2024R130.9bR40.0bR8.3b9.8x15.7x3.3x
Fri, 23 Aug 2024R120.1bR39.5bR7.4b9.7x16.3x3x
Sun, 21 Jul 2024R111.4bR39.5bR7.4b10.1x15.1x2.8x
Tue, 18 Jun 2024R106.8bR39.5bR7.4b9.3x14.5x2.7x
Thu, 16 May 2024R103.2bR39.2bR8.0b8.8x12.9x2.6x
Sat, 13 Apr 2024R102.2bR38.8bR7.5b9.3x13.5x2.6x
Mon, 11 Mar 2024R107.6bR38.0bR8.6b9.3x12.5x2.8x
Wed, 07 Feb 2024R109.3bR38.0bR8.6b9.5x12.7x2.9x
Fri, 05 Jan 2024R132.8bR43.5bR9.8b9.2x13.5x3x
Sun, 03 Dec 2023R126.7bR43.5bR9.8b8.7x12.9x2.9x
Tue, 31 Oct 2023R118.8bR42.8bR17.2b8.7x6.9x2.8x
Thu, 28 Sep 2023R124.2bR42.1bR17.0b9.2x7.3x3x
Sat, 26 Aug 2023R131.7bR41.9bR20.8b8.9x6.3x3.1x
Mon, 24 Jul 2023R131.3bR41.9bR20.8b8.8x6.3x3.1x
Wed, 21 Jun 2023R131.8bR41.8bR20.9b9x6.3x3.1x
Price to Earnings Ratio

6.3x


Total Market Cap: R131.8bTotal Earnings: R20.9bTotal Revenue: R41.8bTotal Market Cap vs Earnings and Revenue0%0%0%
South African REITS Industry Price to Earnings3Y Average 11.2x202420252026
Current Industry PE
  • Investors are pessimistic on the South African 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 8.7x which is lower than its 3-year average PE of 11.2x.
  • The 3-year average PS ratio of 3.2x is lower than the industry's current PS ratio of 3.9x.
Past Earnings Growth
  • The earnings for companies in the REITs industry have declined 5.3% per year over the last three years,
  • Revenues have also declined 2.1% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

Which industries have driven the changes within the South African Real Estate industry?

ZA Market1.40%
Real Estate2.25%
REITS2.55%
Industrial REITs3.22%
Diversified REITs2.55%
Retail REITs1.86%
Residential REITs0%0
Specialized REITs0%0
Hotel and Resort REITs0%0
Office REITs-19.19%
Industry PE
  • Investors are most optimistic about the Industrial REITs industry which is trading above its 3-year average PE ratio of 4.7x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • Investors are most pessimistic about the Office REITs industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average.
Forecasted Growth
  • Despite it being negative, analysts are least pessimistic on the Retail REITs industry since they expect its earnings to decline by only 3.9% per year over the next 5 years, which isn't as bad as the other industries.
  • This is a reversal from its past annual earnings growth rate of 28% per year.
  • In contrast, the Retail REITs industry is expected to see its earnings decline by 3.9% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
GRT Growthpoint PropertiesR16.974.8%
+R2.6b		30.1%PB0.9x
RDF Redefine PropertiesR5.982.2%
+R907.1m		33.2%PB0.7x
SAC SA Real EstateR3.441.8%
+R164.2m		8.9%PB0.8x
ATT AttacqR16.881.4%
+R160.9m		17.5%PB0.8x
BTN Burstone GroupR9.631.9%
+R141.5m		13.6%PB0.8x

Latest News

SEA
R13.17
Spear Reit
7D
-1.6%
1Y
29.5%
BTN
R9.63
Burstone Group
7D
1.9%
1Y
13.6%
SAC
R3.44
SA Real Estate
7D
1.8%
1Y
8.9%
EMI
R14.85
Emira Property Fund
7D
-0.3%
1Y
33.8%
NRL
R4.70
Newpark REIT
7D
-2.1%
1Y
-2.1%
OCT
R17.16
Octodec Investments
7D
-1.0%
1Y
69.1%
RDF
R5.98
Redefine Properties
7D
2.2%
1Y
33.2%
GRT
R16.97
Growthpoint Properties
7D
4.8%
1Y
30.1%
ATT
R16.88
Attacq
7D
1.4%
1Y
17.5%