South African (JSE) Diversified REITs Industry Analysis
UpdatedMay 08, 2024
DataAggregated Company Financials
Companies12
- 7D-0.7%
- 3M-6.1%
- 1Y1.2%
- YTDn/a
Over the last 7 days, the Diversified REITs industry has remained flat, although notably Fairvest declined by 5.6%. In line with that, the industry has also been flat over the past 12 months.
Industry Valuation and Performance
Has the South African Diversified REITs Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 08 May 2024 | R102.8b | R39.2b | R8.0b | 8.8x | 12.9x | 2.6x |
| Fri, 05 Apr 2024 | R104.5b | R38.8b | R7.5b | 9.3x | 13.9x | 2.7x |
| Sun, 03 Mar 2024 | R105.8b | R38.0b | R8.6b | 9.3x | 12.3x | 2.8x |
| Tue, 30 Jan 2024 | R133.8b | R42.2b | R9.4b | 9.8x | 14.2x | 3.2x |
| Thu, 28 Dec 2023 | R130.1b | R42.2b | R9.4b | 8.9x | 13.8x | 3.1x |
| Sat, 25 Nov 2023 | R120.9b | R41.9b | R10.4b | 8.7x | 11.6x | 2.9x |
| Mon, 23 Oct 2023 | R115.7b | R41.4b | R16.6b | 9.3x | 7x | 2.8x |
| Wed, 20 Sep 2023 | R122.3b | R40.8b | R16.5b | 9x | 7.4x | 3x |
| Fri, 18 Aug 2023 | R127.0b | R40.5b | R20.3b | 8.9x | 6.2x | 3.1x |
| Sun, 16 Jul 2023 | R124.6b | R40.5b | R20.3b | 8.9x | 6.1x | 3.1x |
| Tue, 13 Jun 2023 | R125.7b | R40.5b | R20.4b | 8.8x | 6.1x | 3.1x |
| Thu, 11 May 2023 | R128.0b | R39.2b | R23.3b | 6.8x | 5.5x | 3.3x |
| Sat, 08 Apr 2023 | R134.7b | R38.8b | R22.7b | 8.7x | 5.9x | 3.5x |
| Mon, 06 Mar 2023 | R147.9b | R43.3b | R25.7b | 6.9x | 5.8x | 3.4x |
| Wed, 01 Feb 2023 | R151.2b | R43.1b | R25.4b | 7x | 6x | 3.5x |
| Fri, 30 Dec 2022 | R155.4b | R43.1b | R25.3b | 7.3x | 6.1x | 3.6x |
| Sun, 27 Nov 2022 | R153.7b | R42.3b | R26.5b | 5.9x | 5.8x | 3.6x |
| Tue, 25 Oct 2022 | R146.2b | R41.3b | R20.5b | 7.8x | 7.1x | 3.5x |
| Thu, 22 Sep 2022 | R145.1b | R41.2b | R20.5b | 7.7x | 7.1x | 3.5x |
| Sat, 20 Aug 2022 | R152.7b | R40.7b | R19.8b | 8.1x | 7.7x | 3.7x |
| Mon, 18 Jul 2022 | R145.2b | R40.7b | R19.9b | 7.7x | 7.3x | 3.6x |
| Wed, 15 Jun 2022 | R147.6b | R40.6b | R19.7b | 7.5x | 7.5x | 3.6x |
| Fri, 13 May 2022 | R156.1b | R40.2b | R17.2b | 8.4x | 9.1x | 3.9x |
| Sun, 10 Apr 2022 | R167.3b | R40.8b | R17.1b | 9.3x | 9.8x | 4.1x |
| Tue, 08 Mar 2022 | R156.7b | R42.4b | R10.2b | 9.7x | 15.3x | 3.7x |
| Thu, 03 Feb 2022 | R164.7b | R44.3b | R10.1b | 10.9x | 16.4x | 3.7x |
| Sat, 01 Jan 2022 | R165.9b | R42.4b | R10.0b | 9.8x | 16.6x | 3.9x |
| Mon, 29 Nov 2021 | R148.8b | R42.3b | R9.2b | 9.6x | 16.2x | 3.5x |
| Wed, 27 Oct 2021 | R151.3b | R42.1b | -R5,824,842,576.00 | 12x | -26x | 3.6x |
| Fri, 24 Sep 2021 | R156.5b | R41.9b | -R7,577,400,058.00 | 23x | -20.7x | 3.7x |
| Sun, 22 Aug 2021 | R156.7b | R41.8b | -R23,066,530,804.47 | 14.6x | -6.8x | 3.8x |
| Fri, 09 Jul 2021 | R152.6b | R41.8b | -R23,066,530,804.47 | 14.3x | -6.6x | 3.7x |
Price to Earnings Ratio
-5.1x
Current Industry PE
- Investors are optimistic on the South African Diversified REITs industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 13.4x which is higher than its 3-year average PE of 5.9x.
- The 3-year average PS ratio of 3.4x is higher than the industry's current PS ratio of 2.7x.
Past Earnings Growth
- Total earnings for the Diversified REITs industry have gone up over the last three years, and the industry is now profitable.
- Revenues have remained mostly flat. This means that the industry has become more efficient since profits are increasing while sales have been flat.
Industry Comparison
How does South African Diversified REITs compare with similar industries?
| ZA Market | 1.41% | |
| Real Estate | -0.85% | |
| REITS | -0.69% | |
| Diversified REITs | -0.69% | |
| Hotel and Resort REITs | 19.60% | |
| Office REITs | 0.56% | |
| Retail REITs | 0.13% | |
| Residential REITs | 0% | |
| Specialized REITs | 0% | |
| Healthcare REITs | 0% | |
| Industrial REITs | -4.84% | |
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 | |
|---|---|---|---|---|---|
| GRT Growthpoint Properties | R10.99 | 0.5% +R169.3m | -10.2% | PB0.5x | |
| OCT Octodec Investments | R9.89 | 2.1% +R53.2m | 0.7% | PB0.4x | |
| SEA Spear Reit | R7.91 | 2.1% +R35.7m | 11.9% | PB0.7x |