Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

South African (JSE) REITS Industry Analysis

UpdatedMay 31, 2026
DataAggregated Company Financials
Companies11
  • 7D-0.7%
  • 3M-9.0%
  • 1Y25.2%
  • YTD0.04%

Over the last 7 days, the REITS industry has remained flat, although notably Redefine Properties declined by 4.3%. The past year has been better, since the industry has gained 25% in that time.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 31 May 2026R153.9bR39.2bR15.7b8.6x9.8x3.9x
Tue, 28 Apr 2026R155.4bR39.3bR14.1b9.4x11x4x
Thu, 26 Mar 2026R151.9bR39.2bR14.2b9.2x10.7x3.9x
Sat, 21 Feb 2026R165.1bR39.2bR14.7b9x11.3x4.2x
Mon, 19 Jan 2026R155.3bR39.2bR14.7b8.7x10.6x4x
Wed, 17 Dec 2025R147.6bR39.2bR14.7b8.6x10.1x3.8x
Fri, 14 Nov 2025R149.0bR39.4bR14.5b9.9x10.3x3.8x
Sun, 12 Oct 2025R144.9bR41.3bR15.6b8.9x9.3x3.5x
Tue, 09 Sep 2025R134.9bR42.1bR13.3b8.6x10.2x3.2x
Thu, 07 Aug 2025R133.8bR42.1bR13.3b8.2x10.1x3.2x
Sat, 05 Jul 2025R130.8bR42.1bR13.3b7.9x9.8x3.1x
Mon, 02 Jun 2025R129.5bR41.7bR13.2b7.8x9.8x3.1x
Wed, 30 Apr 2025R123.5bR41.9bR12.9b8.8x9.5x3x
Fri, 28 Mar 2025R120.8bR41.6bR12.7b7.5x9.5x2.9x
Sun, 23 Feb 2025R120.8bR41.0bR10.5b7.6x11.5x2.9x
Tue, 21 Jan 2025R119.6bR41.0bR10.5b7.5x11.4x2.9x
Thu, 19 Dec 2024R125.7bR41.0bR10.5b7.7x11.9x3.1x
Sat, 16 Nov 2024R126.8bR40.9bR10.3b9.5x12.3x3.1x
Mon, 14 Oct 2024R132.4bR40.5bR8.1b9.7x16.4x3.3x
Wed, 11 Sep 2024R130.1bR39.5bR7.4b10.1x17.7x3.3x
Fri, 09 Aug 2024R117.5bR39.5bR7.4b10.3x16x3x
Sun, 07 Jul 2024R112.9bR39.5bR7.4b10.5x15.3x2.9x
Tue, 04 Jun 2024R103.4bR39.5bR7.9b7.4x13.1x2.6x
Thu, 02 May 2024R103.2bR38.8bR7.7b8.7x13.4x2.7x
Sat, 30 Mar 2024R104.7bR38.8bR7.5b9.3x13.9x2.7x
Mon, 26 Feb 2024R107.9bR38.0bR8.6b9.4x12.5x2.8x
Wed, 24 Jan 2024R134.1bR43.5bR9.8b9.9x13.6x3.1x
Fri, 22 Dec 2023R131.6bR43.5bR9.8b9.2x13.4x3x
Sun, 19 Nov 2023R124.2bR43.2bR10.9b8.7x11.4x2.9x
Tue, 17 Oct 2023R123.8bR42.8bR17.1b10x7.2x2.9x
Thu, 14 Sep 2023R127.8bR42.1bR17.0b9x7.5x3x
Sat, 12 Aug 2023R135.0bR41.9bR20.8b9x6.5x3.2x
Mon, 10 Jul 2023R128.3bR41.9bR20.8b9x6.2x3.1x
Wed, 07 Jun 2023R129.6bR41.9bR20.9b8.8x6.2x3.1x
Price to Earnings Ratio

6.2x


Total Market Cap: R129.6bTotal Earnings: R20.9bTotal Revenue: R41.9bTotal Market Cap vs Earnings and Revenue0%0%0%
South African REITS Industry Price to Earnings3Y Average 11.1x202420252026
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 9.8x which is lower than its 3-year average PE of 11.1x.
  • 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 9.1% per year over the last three years,
  • Revenues have also declined 2.2% 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 Market1.19%
Real Estate-0.51%
REITS-0.65%
Office REITs3.82%
Industrial REITs1.98%
Residential REITs0%0
Specialized REITs0%0
Hotel and Resort REITs0%0
Retail REITs-0.52%
Diversified REITs-0.65%
Industry PE
  • Investors are most optimistic about the Office REITs industry which is trading above its 3-year average PE ratio.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • Investors are most pessimistic about the Retail REITs industry, which is trading close to its 3-year average of 7.4x.
Forecasted Growth
  • Despite it being negative, analysts are least pessimistic on the Retail REITs industry since they expect its earnings to decline by only 3.3% 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 3.3% 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 PropertiesR16.711.3%
+R745.3m		23.9%PB0.8x
SAC SA Real EstateR3.493.6%
+R328.3m		12.9%PB0.8x
SEA Spear ReitR13.654.0%
+R205.8m		31.8%PB1x
BTN Burstone GroupR9.811.1%
+R87.3m		8.2%PB0.8x

Latest News

EMI
R14.52
Emira Property Fund
7D
-4.8%
1Y
33.5%
SEA
R13.65
Spear Reit
7D
4.0%
1Y
31.8%
OCT
R16.51
Octodec Investments
7D
-2.9%
1Y
63.3%
RDF
R6.00
Redefine Properties
7D
-4.3%
1Y
28.2%
SAC
R3.49
SA Real Estate
7D
3.6%
1Y
12.9%
GRT
R16.71
Growthpoint Properties
7D
1.3%
1Y
23.9%
ATT
R16.83
Attacq
7D
-0.2%
1Y
16.6%
BTN
R9.81
Burstone Group
7D
1.1%
1Y
8.2%