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Belgian (BEL20) REITS Industry Analysis

UpdatedNov 11, 2025
DataAggregated Company Financials
Companies3
  • 7D0.8%
  • 3M-4.9%
  • 1Y-1.6%
  • YTD-3.9%

The REITS industry has stayed flat over the last week. Unfortunately though, the industry is down 3.7% over the past 12 months. Earnings are forecast to grow by 34% annually.

Industry Valuation and Performance

Has the Belgian REITS Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 13 Nov 2025€552.4m€140.1m€6.2m11.6x89.3x3.9x
Sat, 11 Oct 2025€550.6m€140.1m€6.2m11.6x89x3.9x
Mon, 08 Sep 2025€571.9m€139.6m€5.7m12.8x101x4.1x
Wed, 06 Aug 2025€573.7m€154.0m-€187,677.0012.8x-3056.9x3.7x
Fri, 04 Jul 2025€574.1m€154.0m-€187,677.0012.2x-3058.8x3.7x
Sun, 01 Jun 2025€557.6m€154.0m-€187,677.0012.3x-2971.1x3.6x
Tue, 29 Apr 2025€556.1m€152.9m-€4,198,807.0020.9x-132.4x3.6x
Thu, 27 Mar 2025€547.1m€153.5m€32.1m15.7x17.1x3.6x
Sat, 22 Feb 2025€536.4m€152.5m€28.1m19x19.1x3.5x
Mon, 20 Jan 2025€543.8m€152.5m€28.1m19.1x19.4x3.6x
Wed, 18 Dec 2024€503.4m€152.5m€28.1m18.2x17.9x3.3x
Fri, 15 Nov 2024€561.2m€152.5m€28.1m19.6x20x3.7x
Sun, 13 Oct 2024€579.9m€152.5m€28.1m20.5x20.7x3.8x
Tue, 10 Sep 2024€589.8m€150.5m€30.1m18.1x19.6x3.9x
Thu, 08 Aug 2024€571.7m€146.0m€33.2m16.4x17.2x3.9x
Sat, 06 Jul 2024€581.5m€146.0m€33.2m16.5x17.5x4x
Mon, 03 Jun 2024€623.9m€146.0m€33.2m17.4x18.8x4.3x
Wed, 01 May 2024€598.3m€146.0m€33.2m16.3x18x4.1x
Fri, 29 Mar 2024€577.3m€146.0m€33.2m16.1x17.4x4x
Sun, 25 Feb 2024€562.6m€135.7m€35.9m13.9x15.6x4.1x
Tue, 23 Jan 2024€1.8b€312.5m€195.5m9.9x9.3x5.8x
Thu, 21 Dec 2023€1.9b€312.5m€195.5m9.9x9.5x6x
Sat, 18 Nov 2023€1.8b€312.5m€195.5m9.4x9.4x5.9x
Mon, 16 Oct 2023€1.8b€312.5m€195.5m9.3x9.3x5.8x
Wed, 13 Sep 2023€1.8b€311.5m€196.2m9.1x9.2x5.8x
Fri, 11 Aug 2023€1.8b€316.9m€209.8m9.1x8.7x5.8x
Sun, 09 Jul 2023€1.8b€315.2m€214.2m6.9x8.5x5.8x
Tue, 06 Jun 2023€1.8b€315.2m€214.2m7.2x8.5x5.8x
Thu, 04 May 2023€1.8b€315.2m€214.2m7.4x8.6x5.9x
Sat, 01 Apr 2023€1.8b€281.4m€198.9m7.5x8.9x6.3x
Mon, 27 Feb 2023€19.2b€2.0b€2.3b7.1x8.2x9.8x
Wed, 25 Jan 2023€18.7b€1.9b€3.3b6.5x5.7x9.8x
Fri, 23 Dec 2022€17.5b€1.9b€3.3b6x5.3x9.2x
Sun, 20 Nov 2022€18.1b€1.9b€3.2b6.3x5.6x9.6x
Price to Earnings Ratio

5.6x


Total Market Cap: €18.1bTotal Earnings: €3.2bTotal Revenue: €1.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Belgian REITS Industry Price to Earnings3Y Average -283.4x202320242025
Current Industry PE
    There are only 3 companies in the Belgian REITs industry, so there is insufficient data to make an industry-wide assessment of both the PE and PS ratio.
Past Earnings Growth
  • The earnings for companies in the REITs industry have declined 88% per year over the last three years,
  • Revenues have also declined 58% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

Which industries have driven the changes within the Belgian Real Estate industry?

BE Market3.47%
Real Estate1.63%
REITS0.77%
Healthcare REITs3.61%
Industrial REITs1.91%
Diversified REITs0.77%
Retail REITs0.38%
Residential REITs0.36%
Office REITs0%0
Industry PE
  • Investors are most optimistic about the Diversified REITs industry which is trading above its 3-year average PE ratio.
    • Analysts are expecting annual earnings growth of 33.7%, which is lower than the prior year's growth of 68.5% per year.
  • Investors are most pessimistic about the Retail REITs industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 8.0x.
Forecasted Growth
  • Analysts are most optimistic on the Diversified REITs industry, expecting annual earnings growth of 34% over the next 5 years.
  • However this is lower than its past earnings growth rate of 68% per year.
  • In contrast, the Retail REITs industry is expected to see its earnings grow by 7.9% 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
DIEG Immolease Trust€108.004.9%
+€510.0k
-0.9%n/a

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