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South African (JSE) REITS Industry Analysis

UpdatedJul 27, 2024
DataAggregated Company Financials
Companies12
  • 7D0.5%
  • 3M9.9%
  • 1Y8.8%
  • YTD6.6%

Over the last 7 days, the REITS industry has remained flat. As for the the longer term, the industry is up 8.8% over the past 12 months.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
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
Thu, 25 May 2023R127.8bR41.9bR20.9b8.4x6.1x3.1x
Sat, 22 Apr 2023R134.3bR40.5bR23.6b7.6x5.7x3.3x
Mon, 20 Mar 2023R149.5bR43.7bR26.9b7.4x5.6x3.4x
Wed, 15 Feb 2023R234.7bR64.8bR29.4b6.1x8x3.6x
Fri, 13 Jan 2023R241.3bR64.8bR29.2b6.3x8.3x3.7x
Sun, 11 Dec 2022R232.8bR64.8bR29.1b6.3x8x3.6x
Tue, 08 Nov 2022R232.0bR62.8bR23.5b8.2x9.9x3.7x
Thu, 06 Oct 2022R220.4bR63.3bR23.2b7.6x9.5x3.5x
Sat, 03 Sep 2022R230.7bR62.4bR21.9b7x10.5x3.7x
Mon, 01 Aug 2022R242.7bR61.0bR21.2b7.3x11.4x4x
Wed, 29 Jun 2022R231.3bR60.9bR20.5b7.1x11.3x3.8x
Fri, 27 May 2022R231.9bR59.0bR16.8b7.8x13.8x3.9x
Sun, 24 Apr 2022R249.4bR58.2bR16.6b8.6x15.1x4.3x
Tue, 22 Mar 2022R253.5bR58.4bR21.0b9.7x12.1x4.3x
Thu, 17 Feb 2022R254.9bR60.0bR14.3b9.4x17.8x4.2x
Sat, 15 Jan 2022R249.9bR58.1bR14.2b9.2x17.6x4.3x
Mon, 13 Dec 2021R242.3bR58.1bR14.2b9.3x17.1x4.2x
Wed, 10 Nov 2021R238.8bR57.3b-R963,673,750.009.6x-247.8x4.2x
Fri, 08 Oct 2021R227.8bR56.8b-R4,255,641,017.0011.8x-53.5x4x
Sun, 05 Sep 2021R232.4bR56.8b-R24,384,644,702.4714.4x-9.5x4.1x
Tue, 03 Aug 2021R221.7bR56.8b-R24,384,644,702.4713.8x-9.1x3.9x
Price to Earnings Ratio

-9.1x


Total Market Cap: R221.7bTotal Earnings: -R24,384,644,702.47Total Revenue: R56.8bTotal Market Cap vs Earnings and Revenue0%0%0%
South African REITS Industry Price to Earnings3Y Average 5.3x202220232024
Current Industry PE
  • Investors are optimistic on the South African REITs industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 15.2x which is higher than its 3-year average PE of 5.3x.
  • The 3-year average PS ratio of 3.5x is higher than the industry's current PS ratio of 2.8x.
Past Earnings Growth
  • Total earnings for the REITs industry have gone up over the last three years and the industry is now profitable.
  • Revenues have declined 11% per year.
  • This means that less sales are being generated overall, but since the cost of doing business is lower, profits have been increasing.

Industry Trends

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

ZA Market1.88%
Real Estate1.34%
REITS0.54%
Retail REITs1.18%
Diversified REITs0.54%
Residential REITs0%
Specialized REITs0%
Hotel and Resort REITs0%
Healthcare REITs0%
Office REITs-0.59%
Industrial REITs-1.30%
Industry PE
  • Investors are most optimistic about the Diversified REITs industry which is trading above its 3-year average PE ratio of 7.2x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
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?

CompanyLast Price7D1YValuation
GRT Growthpoint PropertiesR12.161.8%
+R745.0m		-4.1%PB0.6x
ATT AttacqR10.912.8%
+R210.7m		29.1%PB0.6x
SAC SA Real EstateR2.731.1%
+R74.7m		46.8%PB0.6x
SEA Spear ReitR9.073.1%
+R70.2m		23.4%PB0.8x
BTN Burstone GroupR7.800.6%
+R40.1m		-3.1%PB0.5x
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Latest News

SAC

R2.73

SA Real Estate

7D

1.1%

1Y

46.8%

FTA

R15.15

Fairvest

7D

-1.9%

1Y

5.2%

BTN

R7.80

Burstone Group

7D

0.6%

1Y

-3.1%

RDF

R4.11

Redefine Properties

7D

-0.7%

1Y

16.4%

EMI

R10.66

Emira Property Fund

7D

-1.8%

1Y

27.7%

GRT

R12.16

Growthpoint Properties

7D

1.8%

1Y

-4.1%

SEA

R9.07

Spear Reit

7D

3.1%

1Y

23.4%

OCT

R10.60

Octodec Investments

7D

-3.5%

1Y

18.4%

ATT

R10.91

Attacq

7D

2.8%

1Y

29.1%