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South African (JSE) REITS Industry Analysis

UpdatedJun 08, 2026
DataAggregated Company Financials
Companies11
  • 7D-2.1%
  • 3M-1.6%
  • 1Y21.6%
  • YTD-2.0%

Over the last 7 days, the REITS industry has dropped 2.1%, driven by a pullback from Growthpoint Properties of 1.3%. Over the past 12 months, the industry was up 22%.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 08 Jun 2026R150.9bR39.3bR17.8b8.7x8.5x3.8x
Wed, 06 May 2026R151.2bR39.3bR14.1b9.3x10.7x3.9x
Fri, 03 Apr 2026R149.5bR39.3bR14.1b9.2x10.6x3.8x
Sun, 01 Mar 2026R168.0bR39.2bR14.7b9.1x11.5x4.3x
Tue, 27 Jan 2026R156.2bR39.2bR14.7b8.8x10.7x4x
Thu, 25 Dec 2025R149.7bR39.2bR14.7b8.7x10.2x3.8x
Sat, 22 Nov 2025R150.7bR39.4bR15.4b9.9x9.8x3.8x
Mon, 20 Oct 2025R143.8bR41.3bR15.6b9.3x9.2x3.5x
Wed, 17 Sep 2025R138.1bR41.2bR15.3b8.7x9x3.3x
Fri, 15 Aug 2025R137.7bR42.1bR13.3b8.4x10.4x3.3x
Sun, 13 Jul 2025R131.5bR42.1bR13.3b8x9.9x3.1x
Tue, 10 Jun 2025R131.7bR42.1bR13.3b7.9x9.9x3.1x
Thu, 08 May 2025R125.7bR41.9bR12.9b8.9x9.7x3x
Sat, 05 Apr 2025R112.5bR41.9bR13.1b6.8x8.6x2.7x
Mon, 03 Mar 2025R121.5bR41.0bR10.5b7.6x11.5x3x
Wed, 29 Jan 2025R118.2bR41.0bR10.5b7.6x11.2x2.9x
Fri, 27 Dec 2024R124.5bR41.0bR10.5b7.7x11.8x3x
Sun, 24 Nov 2024R127.4bR40.8bR11.7b8.1x10.9x3.1x
Tue, 22 Oct 2024R127.7bR40.5bR8.1b9.7x15.8x3.2x
Thu, 19 Sep 2024R129.8bR40.1bR8.3b9.7x15.6x3.2x
Sat, 17 Aug 2024R120.4bR39.5bR7.4b10.2x16.4x3.1x
Mon, 15 Jul 2024R114.0bR39.5bR7.4b10x15.5x2.9x
Wed, 12 Jun 2024R104.2bR39.5bR7.4b9.3x14.2x2.6x
Fri, 10 May 2024R102.6bR39.2bR8.0b8.7x12.9x2.6x
Sun, 07 Apr 2024R104.2bR38.8bR7.5b9.3x13.8x2.7x
Tue, 05 Mar 2024R105.3bR38.0bR8.6b9.3x12.2x2.8x
Thu, 01 Feb 2024R138.3bR43.5bR9.8b9.7x14.1x3.2x
Sat, 30 Dec 2023R133.3bR43.5bR9.8b9.2x13.5x3.1x
Mon, 27 Nov 2023R124.4bR43.2bR10.9b8.7x11.4x2.9x
Wed, 25 Oct 2023R119.9bR42.8bR17.1b10x7x2.8x
Fri, 22 Sep 2023R127.4bR42.1bR17.0b9.1x7.5x3x
Sun, 20 Aug 2023R129.0bR41.9bR20.8b8.9x6.2x3.1x
Tue, 18 Jul 2023R129.7bR41.9bR20.8b8.9x6.2x3.1x
Thu, 15 Jun 2023R129.9bR41.8bR20.9b8.9x6.2x3.1x
Price to Earnings Ratio

6.2x


Total Market Cap: R129.9bTotal Earnings: R20.9bTotal Revenue: R41.8bTotal 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 8.5x 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 3.8x.
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 Market-2.67%
Real Estate-2.35%
REITS-2.10%
Office REITs41.72%
Residential REITs0%0
Specialized REITs0%0
Hotel and Resort REITs0%0
Retail REITs-1.44%
Diversified REITs-2.10%
Industrial REITs-8.55%
Industry PE
  • Investors are most optimistic about the Industrial REITs industry which is trading above its 3-year average PE ratio of 4.6x.
    • 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
OCT Octodec InvestmentsR17.342.2%
+R98.5m		70.3%PB0.7x
EMI Emira Property FundR14.900.5%
+R37.4m		32.0%PB0.7x

Latest News

BTN
R9.45
Burstone Group
7D
-3.0%
1Y
4.4%
SAC
R3.38
SA Real Estate
7D
-2.6%
1Y
7.6%
SEA
R13.38
Spear Reit
7D
-4.8%
1Y
28.4%
EMI
R14.90
Emira Property Fund
7D
0.5%
1Y
32.0%
OAS
R28.70
Oasis Crescent Property Fund
7D
-0.03%
1Y
40.0%
OCT
R17.34
Octodec Investments
7D
2.2%
1Y
70.3%
RDF
R5.85
Redefine Properties
7D
-1.3%
1Y
25.3%
GRT
R16.19
Growthpoint Properties
7D
-1.3%
1Y
20.2%
ATT
R16.65
Attacq
7D
-0.8%
1Y
15.3%