U.K. (FTSE) Residential REITs Industry Analysis
UpdatedOct 30, 2023
DataAggregated Company Financials
Companies9
- 7D-1.8%
- 3M-8.0%
- 1Y-16.2%
- YTD-6.6%
Over the last 7 days, the Residential REITs industry has dropped 1.8%, driven by a pullback from Unite Group of 2.1%. On the other hand Triple Point Social Housing REIT is actually up 11%. However, the industry is down 16% over the past year. As for the next few years, earnings are expected to grow by 29% per annum.
Industry Valuation and Performance
Has the U.K. Residential REITs Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 31 Oct 2023 | UK£5.7b | UK£603.6m | UK£266.5m | 16.8x | 21.5x | 9.5x |
| Thu, 28 Sep 2023 | UK£5.9b | UK£600.1m | UK£316.6m | 19x | 18.6x | 9.8x |
| Sat, 26 Aug 2023 | UK£6.1b | UK£598.7m | UK£326.6m | 19x | 18.6x | 10.1x |
| Mon, 24 Jul 2023 | UK£6.0b | UK£578.4m | UK£588.1m | 9.4x | 10.2x | 10.3x |
| Wed, 21 Jun 2023 | UK£5.7b | UK£577.5m | UK£632.1m | 7.9x | 9.1x | 9.9x |
| Fri, 19 May 2023 | UK£5.8b | UK£578.2m | UK£669.9m | 8.4x | 8.6x | 9.9x |
| Sun, 16 Apr 2023 | UK£5.8b | UK£578.2m | UK£669.9m | 8.1x | 8.7x | 10x |
Price to Earnings Ratio
8.6x
Current Industry PE
- Investors are optimistic on the British Residential REITs industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 21.5x which is higher than its 3-year average PE of 13.4x.
- The industry is trading close to its 3-year average PS ratio of 10.0x.
Past Earnings Growth
- The earnings for companies in the Residential REITs industry have declined 26% per year over the last three years.
- Meanwhile revenues have remained mostly flat.
- This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the U.K. Real Estate industry?
| GB Market | -1.27% | |
| Real Estate | -1.18% | |
| Residential REITs | -1.76% | |
| Single-Family Residential REITs | -3.10% | |
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 | |
|---|---|---|---|---|---|
| SOHO Triple Point Social Housing REIT | UK£0.55 | 10.8% +UK£21.2m | -16.3% | PB0.5x |