Header cover image

South African (JSE) REITS Industry Analysis

UpdatedAug 27, 2024
DataAggregated Company Financials
Companies12
  • 7D3.0%
  • 3M20.1%
  • 1Y19.8%
  • YTD17.2%

In the last week, the REITS industry is up 3.0%, with Redefine Properties up 6.3%. This means that the industry has gained 20% over the past year.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 28 Aug 2024R123.8bR39.5bR7.4b10.1x16.8x3.1x
Fri, 26 Jul 2024R112.7bR39.5bR7.4b10x15.3x2.9x
Sun, 23 Jun 2024R110.3bR39.5bR7.4b10.2x15x2.8x
Tue, 21 May 2024R102.8bR39.3bR7.4b8.1x13.8x2.6x
Thu, 18 Apr 2024R99.8bR38.8bR7.5b9.3x13.2x2.6x
Sat, 16 Mar 2024R106.7bR38.6bR7.0b9.3x15.3x2.8x
Mon, 12 Feb 2024R108.1bR38.0bR8.6b9.7x12.5x2.8x
Wed, 10 Jan 2024R133.5bR43.5bR9.8b9.3x13.6x3.1x
Fri, 08 Dec 2023R131.1bR43.5bR9.8b8.7x13.3x3x
Sun, 05 Nov 2023R125.6bR42.8bR17.2b8.7x7.3x2.9x
Tue, 03 Oct 2023R125.5bR42.3bR16.8b10x7.5x3x
Thu, 31 Aug 2023R131.8bR41.9bR20.8b9x6.3x3.2x
Sat, 29 Jul 2023R132.7bR41.9bR20.8b8.9x6.4x3.2x
Mon, 26 Jun 2023R126.0bR41.8bR20.9b9x6x3x
Wed, 24 May 2023R128.1bR41.9bR20.9b8.3x6.1x3.1x
Fri, 21 Apr 2023R135.5bR40.5bR23.6b7.8x5.7x3.3x
Sun, 19 Mar 2023R149.5bR43.7bR26.9b7.4x5.6x3.4x
Tue, 14 Feb 2023R235.3bR64.8bR29.4b6.1x8x3.6x
Thu, 12 Jan 2023R240.4bR64.8bR29.2b6.3x8.2x3.7x
Sat, 10 Dec 2022R232.8bR64.8bR29.1b6.3x8x3.6x
Mon, 07 Nov 2022R229.8bR62.8bR23.5b8.2x9.8x3.7x
Wed, 05 Oct 2022R221.6bR63.1bR23.3b7.6x9.5x3.5x
Fri, 02 Sep 2022R230.4bR62.4bR21.9b7x10.5x3.7x
Sun, 31 Jul 2022R242.7bR61.0bR21.2b7.3x11.4x4x
Tue, 28 Jun 2022R231.1bR60.9bR20.5b7.1x11.3x3.8x
Thu, 26 May 2022R231.9bR59.0bR16.8b7.8x13.8x3.9x
Sat, 23 Apr 2022R249.4bR58.2bR16.6b8.6x15.1x4.3x
Mon, 21 Mar 2022R253.5bR58.4bR21.0b9.7x12.1x4.3x
Wed, 16 Feb 2022R250.7bR60.0bR14.3b9.4x17.5x4.2x
Fri, 14 Jan 2022R249.2bR58.1bR14.2b9.2x17.6x4.3x
Sun, 12 Dec 2021R242.3bR58.1bR14.2b9.3x17.1x4.2x
Tue, 09 Nov 2021R238.8bR57.3b-R963,673,750.009.6x-247.8x4.2x
Thu, 07 Oct 2021R229.4bR56.9b-R4,274,821,743.0013.8x-53.7x4x
Sat, 04 Sep 2021R232.4bR56.8b-R24,384,644,702.4714.4x-9.5x4.1x
Price to Earnings Ratio

-9.5x


Total Market Cap: R232.4bTotal 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 6x202220232024
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 16.8x which is higher than its 3-year average PE of 6.0x.
  • The industry is trading close to its 3-year average PS ratio of 3.5x.
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 Market0.58%
Real Estate3.23%
REITS3.05%
Office REITs9.02%
Retail REITs4.54%
Industrial REITs3.06%
Diversified REITs3.05%
Residential REITs0%
Specialized REITs0%
Hotel and Resort REITs0%
Healthcare REITs0%
Industry PE
  • Investors are most optimistic about the Diversified REITs industry which is trading above its 3-year average PE ratio of 7.8x.
    • 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 PropertiesR14.055.2%
+R2.3b		16.0%PB0.7x
RDF Redefine PropertiesR4.787.2%
+R2.2b		31.0%PB0.6x
FTA FairvestR16.102.5%
+R598.3m		10.3%PB3.1x
ATT AttacqR11.573.5%
+R273.9m		34.4%PB0.6x
HET Heriot REITR16.006.7%
+R255.4m		39.1%PB1x
Simply Wall St™
Simply Wall Street Pty Ltd
Level 7, 320 Pitt Street, Sydney
Download on the App StoreGet it on Google Play
Popular Markets
USAUUKINCAZA
About UsCareersPlansLogin
Help CenterLatest CoveragePodcastsAffiliate ProgramBusiness & EnterpriseWhat's New
Financial Services GuideTerms and ConditionsPrivacy Policy
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.

Latest News

EMI

R10.97

Emira Property Fund

7D

3.0%

1Y

21.3%

Here's Why Shareholders May Want To Be Cautious With Increasing Emira Property Fund Limited's (JSE:EMI) CEO Pay Packet

Aug 27
Here's Why Shareholders May Want To Be Cautious With Increasing Emira Property Fund Limited's (JSE:EMI) CEO Pay Packet

OCT

R10.60

Octodec Investments

7D

-0.9%

1Y

15.6%

GRT

R14.05

Growthpoint Properties

7D

5.2%

1Y

16.0%

BTN

R8.26

Burstone Group

7D

3.3%

1Y

11.0%

ATT

R11.57

Attacq

7D

3.5%

1Y

34.4%

SAC

R2.76

SA Real Estate

7D

2.2%

1Y

44.5%

FTA

R16.10

Fairvest

7D

2.5%

1Y

10.3%

RDF

R4.78

Redefine Properties

7D

7.2%

1Y

31.0%

HET

R16.00

Heriot REIT

7D

6.7%

1Y

39.1%