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South African (JSE) Retail REITs Industry Analysis
UpdatedNov 20, 2024
DataAggregated Company Financials
Companies8
- 7D1.0%
- 3M7.9%
- 1Y34.3%
- YTD20.9%
Over the last 7 days, the Retail REITs industry has remained flat, although notably Hyprop Investments gained 3.5%. As for the the longer term, the industry is up 34% over the past 12 months.
Industry Valuation and Performance
Has the South African Retail REITs Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 21 Nov 2024 | R73.1b | R21.1b | R9.3b | 6x | 7.8x | 3.5x |
| Sat, 19 Oct 2024 | R73.6b | R21.1b | R9.1b | 6.5x | 8.1x | 3.5x |
| Mon, 16 Sep 2024 | R74.2b | R21.0b | R7.6b | 7.9x | 9.8x | 3.5x |
| Wed, 14 Aug 2024 | R66.2b | R20.9b | R7.1b | 7x | 9.3x | 3.2x |
| Fri, 12 Jul 2024 | R64.8b | R21.0b | R6.9b | 7.1x | 9.4x | 3.1x |
| Sun, 09 Jun 2024 | R60.4b | R20.0b | R8.6b | 5.4x | 7x | 3x |
| Tue, 07 May 2024 | R59.7b | R19.7b | R9.4b | 4.7x | 6.4x | 3x |
| Thu, 04 Apr 2024 | R59.1b | R19.7b | R9.4b | 4.7x | 6.3x | 3x |
| Sat, 02 Mar 2024 | R60.6b | R17.3b | R9.2b | 5.7x | 6.6x | 3.5x |
| Mon, 29 Jan 2024 | R65.1b | R18.4b | R9.5b | 6x | 6.8x | 3.5x |
| Wed, 27 Dec 2023 | R63.4b | R18.4b | R9.5b | 5.6x | 6.6x | 3.4x |
| Fri, 24 Nov 2023 | R58.4b | R18.2b | R9.7b | 5.4x | 6x | 3.2x |
| Sun, 22 Oct 2023 | R58.1b | R18.1b | R10.1b | 4.6x | 5.7x | 3.2x |
| Tue, 19 Sep 2023 | R63.0b | R18.3b | R10.8b | 4.6x | 5.8x | 3.4x |
| Thu, 17 Aug 2023 | R62.7b | R18.3b | R10.8b | 4.5x | 5.8x | 3.4x |
| Sat, 15 Jul 2023 | R59.0b | R18.2b | R11.5b | 4.6x | 5.1x | 3.2x |
| Mon, 12 Jun 2023 | R59.1b | R17.6b | R11.7b | 4.8x | 5x | 3.4x |
| Wed, 10 May 2023 | R60.8b | R16.5b | R10.1b | 5.1x | 6x | 3.7x |
| Fri, 07 Apr 2023 | R37.1b | R12.1b | R6.3b | 4.9x | 5.9x | 3.1x |
Price to Earnings Ratio
5.9x
Current Industry PE
- Investors are optimistic on the South African Retail REITs industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 7.8x which is higher than its 3-year average PE of 6.8x.
- The industry is trading close to its 3-year average PS ratio of 3.3x.
Past Earnings Growth
- The earnings for companies in the Retail REITs industry have grown 14% per year over the last three years.
- Revenues for these companies have grown 21% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the South African Real Estate industry?
| ZA Market | 0.33% | |
| Real Estate | 1.01% | |
| Retail REITs | 1.00% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| RES Resilient REIT | R57.50 | 4.7% +R868.4m | 44.3% | PB0.9x | |
| HYP Hyprop Investments | R42.20 | 3.0% +R459.2m | 63.4% | PB0.7x | |
| DIB Dipula Income Fund | R5.24 | 9.4% +R410.4m | 36.5% | PB0.8x | |
| VKE Vukile Property Fund | R17.70 | 0.9% +R165.7m | 37.2% | PB0.8x |