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U.K. (FTSE) REITS Industry Analysis

UpdatedApr 05, 2026
DataAggregated Company Financials
Companies14
  • 7D5.5%
  • 3M-7.5%
  • 1Y5.8%
  • YTD-6.8%

In the last week, the REITS industry is up 5.5%, with Land Securities Group up 6.8%. In the last 12 months, the industry was up 5.8%. Looking forward, earnings are forecast to grow by 9.5% annually.

Industry Valuation and Performance

Has the U.K. REITS Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 05 Apr 2026UK£13.2bUK£2.3bUK£1.3b8.4x10x5.9x
Tue, 03 Mar 2026UK£13.3bUK£2.0bUK£1.1b10.1x11.7x6.7x
Thu, 29 Jan 2026UK£13.2bUK£2.0bUK£1.1b9.8x11.8x6.7x
Sat, 27 Dec 2025UK£12.5bUK£2.0bUK£1.1b9x11.2x6.4x
Mon, 24 Nov 2025UK£12.1bUK£2.0bUK£1.1b9.4x11.1x6.2x
Wed, 22 Oct 2025UK£9.8bUK£1.6bUK£823.1m11x11.9x6x
Fri, 19 Sep 2025UK£9.0bUK£1.7bUK£810.9m10.2x11.1x5.4x
Sun, 17 Aug 2025UK£9.2bUK£1.7bUK£795.6m10.5x11.5x5.5x
Tue, 15 Jul 2025UK£13.9bUK£2.1bUK£1.1b11.3x12.2x6.7x
Thu, 12 Jun 2025UK£14.3bUK£2.1bUK£1.1b12x13.2x6.9x
Sat, 10 May 2025UK£13.8bUK£1.8bUK£451.3m22x30.7x7.5x
Mon, 07 Apr 2025UK£12.6bUK£1.9bUK£471.8m19.8x26.8x6.8x
Wed, 05 Mar 2025UK£12.8bUK£1.9bUK£461.0m21x27.7x6.9x
Fri, 31 Jan 2025UK£12.9bUK£1.9bUK£461.0m22.1x28.1x7x
Sun, 29 Dec 2024UK£12.9bUK£1.9bUK£466.7m22.4x27.7x7x
Tue, 26 Nov 2024UK£14.0bUK£1.7bUK£346.0m32.8x40.5x8.1x
Thu, 24 Oct 2024UK£14.9bUK£2.0b-UK£310,010,487.5229.4x-48.1x7.5x
Sat, 21 Sep 2024UK£15.6bUK£2.0b-UK£302,744,120.3928x-51.5x7.8x
Mon, 19 Aug 2024UK£14.8bUK£2.0b-UK£280,734,453.4328.1x-52.7x7.4x
Wed, 17 Jul 2024UK£15.0bUK£2.0b-UK£257,788,113.4028.2x-58x7.5x
Fri, 14 Jun 2024UK£15.0bUK£2.0b-UK£333,241,518.3126.6x-45.1x7.5x
Sun, 12 May 2024UK£15.4bUK£2.0b-UK£2,091,968,936.7820.5x-7.4x7.7x
Tue, 09 Apr 2024UK£14.9bUK£2.0b-UK£2,717,799,951.1614.6x-5.5x7.5x
Thu, 07 Mar 2024UK£10.5bUK£1.9b-UK£2,536,464,017.1019.6x-4.1x5.7x
Sat, 03 Feb 2024UK£16.1bUK£2.4b-UK£2,672,157,721.0011.5x-6x6.7x
Mon, 01 Jan 2024UK£16.7bUK£2.4b-UK£2,672,267,445.0011.3x-6.3x7x
Wed, 29 Nov 2023UK£15.8bUK£2.3b-UK£2,608,713,929.0011.5x-6x6.7x
Fri, 27 Oct 2023UK£14.4bUK£2.2b-UK£2,598,549,073.0011.7x-5.6x6.6x
Sun, 24 Sep 2023UK£15.4bUK£2.2b-UK£1,856,938,057.007.5x-8.3x7.1x
Tue, 22 Aug 2023UK£14.9bUK£2.2b-UK£1,753,917,822.007.5x-8.5x6.8x
Thu, 20 Jul 2023UK£18.8bUK£2.3b-UK£1,976,618,716.006.1x-9.5x8.3x
Sat, 17 Jun 2023UK£18.2bUK£2.3b-UK£1,806,066,036.006.6x-10.1x8x
Mon, 15 May 2023UK£18.7bUK£2.2bUK£1.5b6.2x12.6x8.6x
Wed, 12 Apr 2023UK£19.1bUK£2.2bUK£1.9b6.5x10x8.8x
Price to Earnings Ratio

10x


Total Market Cap: UK£19.1bTotal Earnings: UK£1.9bTotal Revenue: UK£2.2bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. REITS Industry Price to Earnings3Y Average -1.4x202420252026
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 industry is trading at a PE ratio of 10.0x which is higher than its 3-year average PE of -1.4x.
  • The 3-year average PS ratio of 7.0x is higher than the industry's current PS ratio of 5.9x.
Past Earnings Growth
  • The earnings for companies in the REITs industry have declined 12% 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 Market4.54%
Real Estate3.97%
REITS5.51%
Diversified REITs5.51%
Industrial REITs4.49%
Office REITs4.05%
Retail REITs3.15%
Healthcare REITs2.83%
Residential REITs2.68%
Specialized REITs0%0
Industry PE
  • Investors are most optimistic about the Office REITs industry even though it's trading below its 3-year average PE ratio of 149x.
    • Analysts are expecting annual earnings growth of 23.2%, which is lower than the prior year's growth of 39.0% per year.
  • Investors are most pessimistic about the Retail REITs industry, which is trading below its 3-year average of 49.5x.
Forecasted Growth
  • Analysts are most optimistic on the Office REITs industry, expecting annual earnings growth of 23% over the next 5 years.
  • However this is lower than its past earnings growth rate of 39% per year.
  • In contrast, the Diversified 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
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
SHC Shaftesbury CapitalUK£1.324.3%
+UK£98.4m		8.3%PB0.6x
SRE Sirius Real EstateUK£0.954.3%
+UK£62.5m		14.2%PB1x
CREI Custodian Property Income REITUK£0.823.7%
+UK£14.0m		17.7%PB0.9x

Latest News

SERE
UK£0.60
Schroder European Real Estate Investment Trust
7D
3.1%
1Y
-9.1%
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.
RLE
UK£0.29
Real Estate Investors
7D
-0.7%
1Y
0.3%
SRE
UK£0.95
Sirius Real Estate
7D
4.3%
1Y
14.2%

SRE: Higher Margins And Fresh Equity Funding Will Support Future Income

Narrative Update on Sirius Real Estate The analyst price target for Sirius Real Estate has been lifted by £0.01, with analysts pointing to Street research that highlights a slightly higher fair value estimate, an adjusted discount rate, marginally softer revenue expectations, a stronger projected profit margin and a modestly lower future P/E multiple. Analyst Commentary Bullish and cautious views on Sirius Real Estate are currently shaped by recent Street research that focuses on valuation, execution and potential earnings power rather than big changes in narrative.
PCTN
UK£0.78
Picton Property Income
7D
3.5%
1Y
11.3%
SREI
UK£0.48
Schroder Real Estate Investment Trust
7D
4.0%
1Y
4.8%
SHC
UK£1.32
Shaftesbury Capital
7D
4.3%
1Y
8.3%
CREI
UK£0.82
Custodian Property Income REIT
7D
3.7%
1Y
17.7%
BLND
UK£3.65
British Land
7D
6.4%
1Y
1.6%