U.K. (FTSE) REITS Industry Analysis
UpdatedOct 30, 2023
DataAggregated Company Financials
Companies20
- 7D-1.0%
- 3M-6.8%
- 1Y-13.2%
- YTD-14.0%
Over the last 7 days, the REITS industry has dropped 1.0%, driven by a pullback from Land Securities Group of 1.4%. However, the industry is down 13% over the past year. As for the next few years, earnings are expected to grow by 70% per annum.
Industry Valuation and Performance
Has the U.K. REITS Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 31 Oct 2023 | UK£14.5b | UK£2.2b | -UK£2,598,560,431.00 | 11.6x | -5.6x | 6.6x |
| Thu, 28 Sep 2023 | UK£15.0b | UK£2.2b | -UK£1,866,024,588.00 | 10.7x | -8x | 6.9x |
| Sat, 26 Aug 2023 | UK£15.0b | UK£2.2b | -UK£1,753,935,056.00 | 7.5x | -8.5x | 6.9x |
| Mon, 24 Jul 2023 | UK£18.6b | UK£2.3b | -UK£1,965,773,884.00 | 7.5x | -9.5x | 8.2x |
| Wed, 21 Jun 2023 | UK£18.0b | UK£2.3b | -UK£1,932,077,653.00 | 6.3x | -9.3x | 7.9x |
| Fri, 19 May 2023 | UK£18.6b | UK£2.1b | -UK£1,130,023,186.00 | 6.1x | -16.5x | 8.9x |
| Sun, 16 Apr 2023 | UK£19.4b | UK£2.2b | UK£1.9b | 6.5x | 10.1x | 8.9x |
| Tue, 14 Mar 2023 | UK£58.5b | UK£6.3b | UK£1.8b | 7.2x | 32.2x | 9.3x |
| Thu, 09 Feb 2023 | UK£60.9b | UK£6.1b | UK£11.1b | 6.7x | 5.5x | 10x |
| Sat, 07 Jan 2023 | UK£57.1b | UK£6.1b | UK£11.1b | 6.8x | 5.1x | 9.4x |
| Mon, 05 Dec 2022 | UK£56.5b | UK£6.0b | UK£11.0b | 6.7x | 5.1x | 9.5x |
| Wed, 02 Nov 2022 | UK£55.7b | UK£5.7b | UK£13.5b | 5x | 4.1x | 9.7x |
| Fri, 30 Sep 2022 | UK£50.7b | UK£5.7b | UK£13.3b | 5.5x | 3.8x | 8.9x |
| Sun, 28 Aug 2022 | UK£65.1b | UK£5.7b | UK£13.2b | 6.2x | 4.9x | 11.5x |
| Tue, 26 Jul 2022 | UK£70.3b | UK£5.5b | UK£12.2b | 7.3x | 5.8x | 12.8x |
| Thu, 23 Jun 2022 | UK£67.2b | UK£5.5b | UK£12.1b | 7.7x | 5.5x | 12.2x |
| Sat, 21 May 2022 | UK£70.8b | UK£5.4b | UK£10.3b | 9.4x | 6.9x | 13.1x |
| Mon, 18 Apr 2022 | UK£77.7b | UK£5.3b | UK£7.9b | 10.7x | 9.8x | 14.5x |
| Wed, 16 Mar 2022 | UK£75.1b | UK£5.4b | UK£7.8b | 12x | 9.6x | 14x |
| Fri, 11 Feb 2022 | UK£77.1b | UK£5.2b | UK£4.3b | 12.6x | 18x | 14.8x |
| Sun, 09 Jan 2022 | UK£78.5b | UK£5.2b | UK£4.1b | 13.1x | 19x | 15.1x |
| Tue, 07 Dec 2021 | UK£78.0b | UK£5.2b | UK£4.1b | 12.3x | 19x | 15x |
| Thu, 04 Nov 2021 | UK£73.7b | UK£5.2b | UK£145.6m | 13x | 505.9x | 14.2x |
| Sat, 02 Oct 2021 | UK£72.0b | UK£5.2b | -UK£28,512,274.00 | 14.2x | -2525x | 13.9x |
| Mon, 30 Aug 2021 | UK£76.0b | UK£5.2b | -UK£408,408,152.56 | 16.1x | -186x | 14.6x |
| Tue, 06 Jul 2021 | UK£68.3b | UK£5.2b | -UK£408,408,152.56 | 15.2x | -167.2x | 13.1x |
| Fri, 09 Apr 2021 | UK£63.9b | UK£5.2b | -UK£2,051,308,389.56 | 14.5x | -31.2x | 12.4x |
| Thu, 31 Dec 2020 | UK£61.9b | UK£5.2b | -UK£4,152,152,418.32 | 12.2x | -14.9x | 11.9x |
Price to Earnings Ratio
-10.9x
Current Industry PE
- Investors are pessimistic on the British REITs industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The 3-year average PS ratio of 11.9x is higher than the industry's current PS ratio of 6.6x.
Past Earnings Growth
- The earnings for companies in the REITs industry have improved over the last three years.
- Meanwhile revenues for these companies have declined 26% per year.
- This means that less sales are being generated overall, but since the cost of doing business is lower, losses have been shrinking.
Industry Trends
Which industries have driven the changes within the U.K. Real Estate industry?
| GB Market | -1.27% | |
| Real Estate | -1.18% | |
| REITS | -1.03% | |
| Specialized REITs | 0% | |
| Hotel and Resort REITs | 0% | |
| Healthcare REITs | -1.08% | |
| Industrial REITs | -1.11% | |
| Diversified REITs | -1.25% | |
| Retail REITs | -1.39% | |
| Residential REITs | -1.66% | |
| Office REITs | -2.22% | |
Industry PE
- Investors are most optimistic about the Residential REITs industry which is trading above its 3-year average PE ratio of 9.1x.
- Analysts are expecting annual earnings growth of 29.1%, which is higher than its past year's earnings decline of 70.2% per year.
Forecasted Growth
- Analysts are most optimistic on the Industrial REITs industry, expecting annual earnings growth of 103% over the next 5 years.
- In contrast, the Retail REITs industry is expected to see its earnings grow by 28% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| LXI LXI REIT | UK£0.85 | 1.0% +UK£14.6m | -30.3% | PB0.7x | |
| PCTN Picton Property Income | UK£0.64 | 2.6% +UK£8.7m | -25.6% | PB0.6x | |
| AIRE Alternative Income REIT | UK£0.61 | 3.5% +UK£1.7m | -16.5% | PB0.7x | |
| EPIC Ediston Property Investment | UK£0.69 | 0.9% +UK£1.3m | 4.2% | PB0.9x |