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U.K. (FTSE) Real Estate Sector Analysis

UpdatedApr 05, 2026
DataAggregated Company Financials
Companies67
  • 7D4.0%
  • 3M-7.4%
  • 1Y-1.4%
  • YTD-6.8%

In the last week, the Real Estate industry is up 4.0%, with SEGRO up 5.0%. Meanwhile, Harworth Group actually underperformed within the industry, shrinking 5.9% in the last week. Overall in the last year, the industry is flat. As for the next few years, earnings are expected to grow by 13% per annum.

Sector Valuation and Performance

Has the U.K. Real Estate Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 05 Apr 2026UK£53.5bUK£11.2bUK£3.9b13x13.7x4.8x
Tue, 03 Mar 2026UK£62.0bUK£10.9bUK£3.8b13.8x16.5x5.7x
Thu, 29 Jan 2026UK£61.2bUK£10.8bUK£4.0b14.7x15.1x5.7x
Sat, 27 Dec 2025UK£57.5bUK£10.8bUK£4.3b12.8x13.4x5.3x
Mon, 24 Nov 2025UK£56.4bUK£10.8bUK£4.3b12.7x13.1x5.2x
Wed, 22 Oct 2025UK£56.9bUK£10.8bUK£4.4b12.2x13x5.3x
Fri, 19 Sep 2025UK£56.0bUK£10.7bUK£4.4b11.3x12.6x5.2x
Sun, 17 Aug 2025UK£59.6bUK£13.6bUK£4.5b12.1x13.2x4.4x
Tue, 15 Jul 2025UK£61.3bUK£13.4bUK£4.1b13.1x14.8x4.6x
Thu, 12 Jun 2025UK£63.8bUK£13.4bUK£4.1b14.7x15.6x4.7x
Sat, 10 May 2025UK£62.1bUK£13.4bUK£3.2b18.7x19.4x4.6x
Mon, 07 Apr 2025UK£57.2bUK£13.4bUK£3.1b17.3x18.4x4.3x
Wed, 05 Mar 2025UK£58.5bUK£13.3bUK£2.8b20x21.2x4.4x
Fri, 31 Jan 2025UK£58.8bUK£13.5bUK£808.3m21.2x72.8x4.4x
Sun, 29 Dec 2024UK£58.9bUK£13.5bUK£800.7m20.9x73.6x4.4x
Tue, 26 Nov 2024UK£62.8bUK£13.4bUK£575.7m20x109x4.7x
Thu, 24 Oct 2024UK£66.1bUK£13.5b-UK£655,967,866.3116.4x-100.8x4.9x
Sat, 21 Sep 2024UK£69.5bUK£13.5b-UK£661,465,101.8817.1x-105x5.1x
Mon, 19 Aug 2024UK£67.5bUK£13.5b-UK£587,611,092.6616.8x-114.9x5x
Wed, 17 Jul 2024UK£68.3bUK£13.5b-UK£556,166,355.2717.9x-122.9x5.1x
Fri, 14 Jun 2024UK£66.8bUK£13.5b-UK£918,614,478.6315.1x-72.7x5x
Sun, 12 May 2024UK£64.8bUK£13.5b-UK£3,008,172,407.6117.9x-21.6x4.8x
Tue, 09 Apr 2024UK£62.8bUK£13.6b-UK£3,692,493,522.6114.7x-17x4.6x
Thu, 07 Mar 2024UK£61.6bUK£13.4b-UK£4,139,824,182.3315.8x-14.9x4.6x
Sat, 03 Feb 2024UK£67.9bUK£14.9b-UK£8,584,986,174.0014.7x-7.9x4.6x
Mon, 01 Jan 2024UK£70.8bUK£14.9b-UK£8,442,507,185.0014.1x-8.4x4.8x
Wed, 29 Nov 2023UK£65.2bUK£14.8b-UK£8,390,993,947.0013.1x-7.8x4.4x
Fri, 27 Oct 2023UK£57.7bUK£14.7b-UK£8,173,675,816.0012.6x-7.1x3.9x
Sun, 24 Sep 2023UK£63.2bUK£14.9b-UK£7,119,519,807.0011.2x-8.9x4.2x
Tue, 22 Aug 2023UK£61.5bUK£15.0b-UK£6,838,559,320.0011.2x-9x4.1x
Thu, 20 Jul 2023UK£68.6bUK£14.8b-UK£4,971,058,195.0011.8x-13.8x4.6x
Sat, 17 Jun 2023UK£66.9bUK£15.0b-UK£4,531,023,505.0010.5x-14.8x4.5x
Mon, 15 May 2023UK£68.6bUK£14.9bUK£1.2b9.3x55.2x4.6x
Wed, 12 Apr 2023UK£69.6bUK£14.8bUK£1.9b7.9x36.2x4.7x
Price to Earnings Ratio

36.2x


Total Market Cap: UK£69.6bTotal Earnings: UK£1.9bTotal Revenue: UK£14.8bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Real Estate Sector Price to Earnings3Y Average -4.9x202420252026
Current Industry PE
  • Investors are pessimistic on the British Real Estate industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 13.7x which is higher than its 3-year average PE of -4.9x.
  • The industry is trading close to its 3-year average PS ratio of 4.7x.
Past Earnings Growth
  • The earnings for companies in the Real Estate industry have grown 27% per year over the last three years.
  • Meanwhile revenues for these companies have declined 9.0% per year.
  • This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.

Industry Trends

Which industries have driven the changes within the U.K. Real Estate sector?

GB Market4.54%
Real Estate3.97%
REITS5.51%
Industrial REITs4.49%
Office REITs4.05%
Retail REITs3.15%
Health Care REITs2.83%
Residential REITs2.68%
Real Estate2.42%
Specialized REITs0.58%
Industry PE
  • Investors are most optimistic about the Real Estate industry even though it's trading below its 3-year average PE ratio of 334x.
    • Analysts are expecting annual earnings growth of 26.7%, which is higher than its past year's earnings growth of 1.5% per year.
  • Investors are most pessimistic about the Retail REITs industry, which is trading below its 3-year average of 50.9x.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate industry, expecting annual earnings growth of 27% over the next 5 years.
  • This is better than its past earnings growth rate of 1.5% per year.
  • In contrast, the REITS industry is expected to see its earnings grow by 9.5% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
SGRO SEGROUK£6.715.0%
+UK£435.1m		2.1%PB0.7x
LAND Land Securities GroupUK£5.686.8%
+UK£267.9m		5.4%PB0.7x
BLND British LandUK£3.656.4%
+UK£220.0m		1.6%PB0.6x
LMP LondonMetric PropertyUK£1.874.3%
+UK£179.8m		4.1%PB0.9x
BBOX Tritax Big Box REITUK£1.463.6%
+UK£137.8m		10.7%PB0.8x

Latest News

WINK
UK£1.65
M Winkworth
7D
-2.9%
1Y
-21.4%
LAND
UK£5.68
Land Securities Group
7D
6.8%
1Y
5.4%

LAND: Cautious Rating Shifts Will Highlight Future Income And Asset Support

Analysts have nudged their price targets for Land Securities Group slightly lower to around £6.70, reflecting modest adjustments to fair value assumptions, discount rates and forward P/E expectations across recent research updates. Analyst Commentary Recent research points to a slightly more cautious stance on Land Securities Group, with price targets clustering around £6.70 and at least one downgrade in rating, while one major global bank maintains a neutral view.
FOXT
UK£0.43
Foxtons Group
7D
-2.3%
1Y
-23.1%

FOXT: Higher Margins And Capital Returns Will Support An Undervalued Outlook

Analysts have revised their fair value estimate for Foxtons Group from £0.55 to £0.50, reflecting updated assumptions for the discount rate, revenue growth, profit margin, and future P/E. What's in the News Proposed final dividend of 0.93 pence per share for the year ended 31 December 2025, taking the total dividend for the year to 1.17 pence per share, subject to shareholder approval at the AGM on 7 May 2026 (Key Developments).
DAR
US$7.93
Dar Global
7D
12.8%
1Y
63.1%
LMP
UK£1.87
LondonMetric Property
7D
4.3%
1Y
4.1%
LSL
UK£2.24
LSL Property Services
7D
-0.9%
1Y
-14.5%
SHC
UK£1.32
Shaftesbury Capital
7D
4.3%
1Y
8.3%
SGRO
UK£6.71
SEGRO
7D
5.0%
1Y
2.1%
HWG
UK£1.43
Harworth Group
7D
-5.9%
1Y
-15.4%
BYG
UK£8.63
Big Yellow Group
7D
-0.2%
1Y
-4.9%
BBOX
UK£1.46
Tritax Big Box REIT
7D
3.6%
1Y
10.7%
DLN
UK£16.00
Derwent London
7D
5.6%
1Y
-12.8%
BLND
UK£3.65
British Land
7D
6.4%
1Y
1.6%
CIC
UK£0.24
Conygar Investment
7D
-7.5%
1Y
-22.2%
WJG
UK£0.26
Watkin Jones
7D
-3.8%
1Y
-4.9%
ASLI
UK£0.27
abrdn European Logistics Income
7D
-2.0%
1Y
-50.3%