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South African (JSE) REITS Industry Analysis
UpdatedApr 15, 2026
DataAggregated Company Financials
Companies11
- 7D0.2%
- 3M3.0%
- 1Y42.2%
- YTD4.0%
Over the last 7 days, the REITS industry has remained flat, although notably SA Real Estate gained 5.6%. The past year has been better, since the industry has gained 42% in that time.
Industry Valuation and Performance
Has the South African REITS Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 15 Apr 2026 | R159.8b | R39.3b | R14.1b | 9.4x | 11.3x | 4.1x |
| Fri, 13 Mar 2026 | R148.6b | R39.2b | R14.2b | 9x | 10.4x | 3.8x |
| Sun, 08 Feb 2026 | R163.9b | R39.2b | R14.7b | 9.1x | 11.2x | 4.2x |
| Tue, 06 Jan 2026 | R153.0b | R39.2b | R14.7b | 8.7x | 10.4x | 3.9x |
| Thu, 04 Dec 2025 | R151.0b | R39.5b | R15.6b | 8.8x | 9.7x | 3.8x |
| Sat, 01 Nov 2025 | R151.0b | R41.4b | R15.8b | 9.7x | 9.6x | 3.6x |
| Mon, 29 Sep 2025 | R137.0b | R41.3b | R15.6b | 8.8x | 8.8x | 3.3x |
| Wed, 27 Aug 2025 | R137.8b | R42.1b | R13.3b | 8.5x | 10.4x | 3.3x |
| Fri, 25 Jul 2025 | R134.9b | R42.1b | R13.3b | 8x | 10.2x | 3.2x |
| Sun, 22 Jun 2025 | R128.3b | R42.1b | R13.3b | 7.9x | 9.7x | 3x |
| Tue, 20 May 2025 | R125.4b | R42.1b | R13.7b | 7.9x | 9.2x | 3x |
| Thu, 17 Apr 2025 | R117.8b | R41.9b | R13.1b | 7.1x | 9x | 2.8x |
| Sat, 15 Mar 2025 | R122.0b | R41.5b | R12.7b | 7.4x | 9.6x | 2.9x |
| Mon, 10 Feb 2025 | R118.5b | R41.0b | R10.5b | 7.5x | 11.3x | 2.9x |
| Wed, 08 Jan 2025 | R125.7b | R41.0b | R10.5b | 7.8x | 12x | 3.1x |
| Fri, 06 Dec 2024 | R126.6b | R41.0b | R10.5b | 7.8x | 12x | 3.1x |
| Sun, 03 Nov 2024 | R127.4b | R40.5b | R8.1b | 9.9x | 15.8x | 3.1x |
| Tue, 01 Oct 2024 | R129.9b | R40.0b | R8.3b | 9.6x | 15.6x | 3.2x |
| Thu, 29 Aug 2024 | R125.4b | R39.5b | R7.4b | 10.2x | 17x | 3.2x |
| Sat, 27 Jul 2024 | R112.2b | R39.5b | R7.4b | 9.9x | 15.2x | 2.8x |
| Mon, 24 Jun 2024 | R110.3b | R39.5b | R7.4b | 10.2x | 15x | 2.8x |
| Wed, 22 May 2024 | R102.8b | R39.3b | R7.4b | 8x | 13.8x | 2.6x |
| Fri, 19 Apr 2024 | R100.1b | R38.8b | R7.5b | 9.3x | 13.3x | 2.6x |
| Sun, 17 Mar 2024 | R106.7b | R38.6b | R7.0b | 9.3x | 15.3x | 2.8x |
| Tue, 13 Feb 2024 | R107.3b | R38.0b | R8.6b | 9.4x | 12.4x | 2.8x |
| Thu, 11 Jan 2024 | R132.5b | R43.5b | R9.8b | 9.3x | 13.5x | 3x |
| Sat, 09 Dec 2023 | R130.1b | R43.5b | R9.8b | 8.7x | 13.2x | 3x |
| Mon, 06 Nov 2023 | R125.6b | R42.8b | R17.2b | 8.7x | 7.3x | 2.9x |
| Wed, 04 Oct 2023 | R125.2b | R42.3b | R16.8b | 10x | 7.4x | 3x |
| Fri, 01 Sep 2023 | R130.2b | R41.9b | R20.8b | 8.9x | 6.3x | 3.1x |
| Sun, 30 Jul 2023 | R132.7b | R41.9b | R20.8b | 8.9x | 6.4x | 3.2x |
| Tue, 27 Jun 2023 | R125.3b | R41.8b | R20.9b | 8.8x | 6x | 3x |
| Thu, 25 May 2023 | R127.8b | R41.9b | R20.9b | 8.4x | 6.1x | 3.1x |
| Sat, 22 Apr 2023 | R134.3b | R40.5b | R23.6b | 7.6x | 5.7x | 3.3x |
Price to Earnings Ratio
5.7x
Current Industry PE
- Investors are relatively neutral on the South African REITs industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 10.9x.
- 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 16% per year over the last three years.
- Meanwhile revenues have remained mostly flat.
- This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the South African Real Estate industry?
| ZA Market | -0.22% | |
| Real Estate | 0.65% | |
| REITS | 0.19% | |
| Office REITs | 3.19% | |
| Industrial REITs | 0.97% | |
| Retail REITs | 0.29% | |
| Diversified REITs | 0.19% | |
| Residential REITs | 0% | 0 |
| Specialized REITs | 0% | 0 |
| Hotel and Resort REITs | 0% | 0 |
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 7.3x.
Forecasted GrowthThere is insufficient data on the sub-industries of this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| SAC SA Real Estate | R3.80 | 5.6% +R547.2m | 36.2% | PB0.9x | |
| EMI Emira Property Fund | R14.80 | 4.4% +R289.6m | 42.3% | PB0.7x | |
| OCT Octodec Investments | R16.90 | 4.3% +R183.7m | 79.8% | PB0.7x | |
| BTN Burstone Group | R9.66 | 1.7% +R126.9m | 14.0% | PB0.8x | |
| SEA Spear Reit | R13.01 | 1.3% +R67.3m | 39.0% | PB1.1x |