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

South African (JSE) REITS Industry Analysis

UpdatedJun 20, 2026
DataAggregated Company Financials
Companies11
  • 7D4.0%
  • 3M5.7%
  • 1Y34.2%
  • YTD4.5%

Over the last 7 days, the REITS industry has risen 4.0%, driven by gains from Redefine Properties of 7.5%. Meanwhile, Emira Property Fund actually underperformed within the industry, shrinking 8.4% in the last week. This means that the industry has gained 34% over the past year.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 20 Jun 2026R161.0bR39.3bR17.8b8.7x9.1x4.1x
Mon, 18 May 2026R154.2bR39.5bR16.3b8x9.5x3.9x
Wed, 15 Apr 2026R159.8bR39.3bR14.1b9.4x11.3x4.1x
Fri, 13 Mar 2026R148.6bR39.2bR14.2b9x10.4x3.8x
Sun, 08 Feb 2026R163.9bR39.2bR14.7b9.1x11.2x4.2x
Tue, 06 Jan 2026R153.0bR39.2bR14.7b8.7x10.4x3.9x
Thu, 04 Dec 2025R151.0bR39.5bR15.6b8.8x9.7x3.8x
Sat, 01 Nov 2025R151.0bR41.4bR15.8b9.7x9.6x3.6x
Mon, 29 Sep 2025R137.0bR41.3bR15.6b8.8x8.8x3.3x
Wed, 27 Aug 2025R137.8bR42.1bR13.3b8.5x10.4x3.3x
Fri, 25 Jul 2025R134.9bR42.1bR13.3b8x10.2x3.2x
Sun, 22 Jun 2025R128.3bR42.1bR13.3b7.9x9.7x3x
Tue, 20 May 2025R125.4bR42.1bR13.7b7.9x9.2x3x
Thu, 17 Apr 2025R117.8bR41.9bR13.1b7.1x9x2.8x
Sat, 15 Mar 2025R122.0bR41.5bR12.7b7.4x9.6x2.9x
Mon, 10 Feb 2025R118.5bR41.0bR10.5b7.5x11.3x2.9x
Wed, 08 Jan 2025R125.7bR41.0bR10.5b7.8x12x3.1x
Fri, 06 Dec 2024R126.6bR41.0bR10.5b7.8x12x3.1x
Sun, 03 Nov 2024R127.4bR40.5bR8.1b9.9x15.8x3.1x
Tue, 01 Oct 2024R129.9bR40.0bR8.3b9.6x15.6x3.2x
Thu, 29 Aug 2024R125.4bR39.5bR7.4b10.2x17x3.2x
Sat, 27 Jul 2024R112.2bR39.5bR7.4b9.9x15.2x2.8x
Mon, 24 Jun 2024R110.3bR39.5bR7.4b10.2x15x2.8x
Wed, 22 May 2024R102.8bR39.3bR7.4b8x13.8x2.6x
Fri, 19 Apr 2024R100.1bR38.8bR7.5b9.3x13.3x2.6x
Sun, 17 Mar 2024R106.7bR38.6bR7.0b9.3x15.3x2.8x
Tue, 13 Feb 2024R107.3bR38.0bR8.6b9.4x12.4x2.8x
Thu, 11 Jan 2024R132.5bR43.5bR9.8b9.3x13.5x3x
Sat, 09 Dec 2023R130.1bR43.5bR9.8b8.7x13.2x3x
Mon, 06 Nov 2023R125.6bR42.8bR17.2b8.7x7.3x2.9x
Wed, 04 Oct 2023R125.2bR42.3bR16.8b10x7.4x3x
Fri, 01 Sep 2023R130.2bR41.9bR20.8b8.9x6.3x3.1x
Sun, 30 Jul 2023R132.7bR41.9bR20.8b8.9x6.4x3.2x
Tue, 27 Jun 2023R125.3bR41.8bR20.9b8.8x6x3x
Price to Earnings Ratio

6x


Total Market Cap: R125.3bTotal 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 9.1x 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 4.1x.
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 Market0.77%
Real Estate3.44%
REITS4.05%
Retail REITs4.73%
Diversified REITs4.05%
Office REITs2.09%
Industrial REITs1.24%
Residential REITs0%0
Specialized REITs0%0
Hotel and Resort REITs0%0
Industry PE
  • Investors are most optimistic about the Industrial REITs industry which is trading above its 3-year average PE ratio of 4.8x.
    • 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
RDF Redefine PropertiesR6.437.5%
+R3.1b		43.2%PB0.8x
GRT Growthpoint PropertiesR17.714.4%
+R2.5b		33.0%PB0.9x
ATT AttacqR17.624.4%
+R517.8m		23.3%PB0.8x
SAC SA Real EstateR3.542.9%
+R273.6m		18.4%PB0.8x
SEA Spear ReitR13.502.5%
+R137.4m		29.8%PB1x

Latest News

SEA
R13.50
Spear Reit
7D
2.5%
1Y
29.8%
BTN
R9.77
Burstone Group
7D
1.5%
1Y
20.5%
SAC
R3.54
SA Real Estate
7D
2.9%
1Y
18.4%
EMI
R13.60
Emira Property Fund
7D
-8.4%
1Y
29.5%
OAS
R29.40
Oasis Crescent Property Fund
7D
2.4%
1Y
43.4%
OCT
R17.58
Octodec Investments
7D
2.4%
1Y
71.5%
RDF
R6.43
Redefine Properties
7D
7.5%
1Y
43.2%
GRT
R17.71
Growthpoint Properties
7D
4.4%
1Y
33.0%
ATT
R17.62
Attacq
7D
4.4%
1Y
23.3%