November 2026
Largest Buildings & Property Public Companies in the UK
Benchmark revenue and EBITDA valuation multiples for public comps like
Segro, British Land, UNITE Group, Primary Health Properties and Shurgard.
 | Segro PLC is a European real estate investment trust involved in the ownership and management of industrial and warehouse properties. The company's real estate portfolio is split fairly evenly between smaller, light industrial warehouses, which serve as urban distribution centers, and larger logistics, or big box, warehouses. The majority of its properties are located in either the Greater London area or the adjacent Thames Valley. The company derives the vast majority of its income in the form of rental income from its tenants operating out of its warehouses. Food and general manufacturing, transport and logistics, and retail companies comprise the majority of Segro's customers. The company's other key markets include the European cities of Warsaw, Dusseldorf, and Paris. | $12 | +30% | $17B | $23B | 23.8x | 27.2x | ||
| British Land Co PLC is a diversified real estate business focused on owning and managing high-quality UK commercial property. The company's portfolio is concentrated in office-led campuses in Central London and retail parks across the UK, while also including shopping centres, other retail assets, and London urban logistics sites. It leverages its development, asset management and property management expertise to create and manage commercial real estate assets. The business operates through two segments: Campuses, comprising Broadgate, Regent's Place, Paddington Central and other campuses, and Retail & London Urban Logistics, comprising retail parks, shopping centres and other retail assets, and London urban logistics sites. | $6 | +6% | $5.9B | $9.9B | 14.0x | 17.9x | ||
| UNITE Group PLC is a real estate company engaged in the management, acquisition, and development of student accommodation properties. The Group's operations mainly generate rental income and asset management fees from properties owned directly or through joint ventures, while its property activities focus on the acquisition and development of real estate assets. The business is organised into two reportable segments: Operations, which manages rental properties and earns rental income and management fees, and Property, which undertakes property acquisition and development. The Group's properties are located exclusively in the United Kingdom. | $7 | -6% | $3.4B | $6.2B | 13.8x | 38.5x | ||
| Primary Health Properties PLC is a UK-based real estate investment trust. The company is engaged in making investments in integrated healthcare properties. Its services include Acquisition and development, Property management, Landlord and tenant, Asset management, and Finance. It seeks the generation of rental income and capital growth through investment in primary healthcare property in the United Kingdom and Ireland. It receives rental income on property investments. | $1 | +0% | $3.4B | $7.9B | 19.3x | 28.0x | ||
| Shurgard Self Storage Ltd is an owner and operator of self-storage centers. The company has two reportable segments namely Same Stores and Non-Same Stores. It generates maximum revenue from the Same Stores segment. Geographically, the company derives the majority revenue from UK and also has a presence in the Netherlands, France, Sweden, Belgium, Germany and Denmark among others. It generates revenue through the lease of storage units and related activities, including insurance referrals and the sale of storage products and packaging. | $29 | -23% | $2.9B | $4.8B | 9.5x | 16.2x | ||
| Hammerson PLC is a real estate investment trust based in the United Kingdom. It invests in, manages, and develops retail properties in Europe. The REIT's portfolio includes shopping centers, retail parks, outlets, and development projects. Hammerson categorizes its operations into three segments based on geography: the United Kingdom segment, which delivers the majority of its total revenue, the France segment, and the Ireland segment. The company generates revenue mainly from leasing its properties to retail tenants. | $5 | +11% | $2.8B | $4.6B | 16.5x | 23.9x | ||
| Workspace Group PLC is a real estate investment trust engaged in the acquisition, design, development, and ownership of office buildings throughout London. The company mainly focuses on leasing office properties to new and growing companies. The real estate assets in Workspace's portfolio are clustered around the London area of Farringdon and elsewhere in northern and central London. The company derives the vast majority of its income in the form of rental revenue from tenants organized into short-term leases. Workspace's tenants include marketing, business consultancy, fashion, finance, software, and architectural firms. | $5 | -6% | $911M | $2B | 8.1x | (16.6x) | ||
| Alternative Income REIT is a UK real estate investment trust that owns a portfolio of freehold and long leasehold properties let on long leases to tenants in alternative and specialist property sectors. Its stated objective is a secure, diversified and inflation-linked income return while at least preserving capital in real terms. Target sectors include automotive and petroleum, education, healthcare, hotels and industrial property. The company floated on the London market in 2017 and is advised by Martley Capital Group. It earns rental income from its tenants and distributes most of it as dividends under the REIT regime. In 2026 Glenstone REIT, a long-standing shareholder, gained control through a hostile cash offer. | $1 | -- | $76M | $121M | - | - | ||
| Town Centre Securities PLC is a United Kingdom-based company engaged in property investment, development, trading, and the provision of hotel and car parks. The company operates in four business segments comprising property rental, car park operations, hotel operations, and investments. Geographically their operations are performed wholly in the United Kingdom. It serves various sectors such as retail, leisure, office, car parking, distribution, and residential. The company's property portfolio includes Rochdale Retail Park, Marina Residential, Eider House, Brownsfield Mill, Carver's Warehouse, Retail Village, The Arena Quarter, and others. The company derives its revenue from the Property Rental segment. | $2 | -5% | $68M | $271M | 5.9x | 21.7x | ||
| Median | $5 | -2% | $2.9B | $4.8B | 13.9x | 22.8x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
Recent Insights
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.