Real estate stocks to watch amid soaring prices

August 25, 2022 12:46 PM BST | By Rishika Raina
 Real estate stocks to watch amid soaring prices
Image source: © Flynt | Megapixl.com

Highlights

  • “Bills included” has turned out to be the most common term searched by people who are looking online for a house to rent.
  • The term wasn’t even among the top five searched terms in August last year.

“Bills included” has become the most common term searched by people looking online for a house to rent. The latest data highlights the distress among several regarding the likelihood of a huge hike in energy prices.

According to the UK’s leading property website Rightmove, for the first time, it was noticed that the houses with their monthly outgoings included in the rent had surpassed the properties that allowed pets and those with lawns, becoming significantly more attractive for potential tenants.

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Rightmove allows individuals to choose suitable properties based on specific terms. While “bills included” wasn’t even among the top five searched terms in August last year, it became the topmost searched term by renters as of this month. This happened as individuals attempted to acquire more certainty regarding their outgoings when energy costs were skyrocketing.

The website quoted that its results emphasised the impact the spiralling energy bills and other rising costs of living were having on the households looking for new places to move into. While the prices continue to increase, investors can keep an eye on real estate stocks offering decent returns.

Kalkine Media® explores the following real estate stocks that UK investors can consider. 

Empiric Student Property plc (LON: ESP)

The shares of the British Real Estate Investment Trust (REIT) investing in premium student accommodations, Empiric Student Property plc, was up by 0.31%, trading at GBX 97.10, at 12:20 PM (GMT+1) on Thursday. Offering a yearly dividend yield of 1.7%, the company’s P/E ratio currently stands at 6.32. Holding a market cap of £584.04m, the company is offering positive returns of 12.33% and 1.58% to its investors on a YTD (year-to-date) and yearly basis, respectively, as of 25 August. The earnings per share of ESP stood at 0.05. 

Palace Capital plc (LON: PCA)

The shares of the business involved in making investments in regional property, Palace Capital plc, were up by 0.36%, trading at GBX 281.00, at 12:25 PM (GMT+1) on Thursday. Offering a yearly dividend yield of 3.8%, the company’s P/E ratio currently stands at 5.28. Holding a market cap of £123.28m, the company is offering positive returns of 5.73% and 13.77% to its investors on a YTD and yearly basis, respectively, as of 25 August. The earnings per share of PCA stood at -0.12. 

Supermarket Income REIT Plc (LON: SUPR)

The shares of the British real estate investment business, Supermarket Income REIT Plc, were trading at GBX 125.00 at 12:30 PM (GMT+1) on Thursday. Offering a yearly dividend yield of 3.8%, the company’s P/E ratio currently stands at 8.66. Holding a market cap of £1,552.21m, the FTSE 250 company is offering positive returns of 2.17% and 2.34% to its investors on a YTD and yearly basis, respectively, as of 25 August. The EPS of the SUPR stood at 0.13.


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