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Belgian (BEL20) REITS Industry Analysis
UpdatedNov 24, 2025
DataAggregated Company Financials
Companies3
- 7D3.2%
- 3M1.0%
- 1Y8.0%
- YTD0.0007%
Over the last 7 days, the REITS industry has risen 1.0%, driven by gains from Nextensa/SA of 3.8%. In the last 12 months, the industry was up 3.2%. Looking forward, earnings are forecast to grow by 34% annually.
Industry Valuation and Performance
Has the Belgian REITS Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 27 Nov 2025 | €574.8m | €140.1m | €6.2m | 11.6x | 92.9x | 4.1x |
| Sat, 25 Oct 2025 | €553.1m | €140.1m | €6.2m | 11.7x | 89.4x | 3.9x |
| Mon, 22 Sep 2025 | €572.4m | €139.6m | €5.7m | 12.8x | 101.1x | 4.1x |
| Wed, 20 Aug 2025 | €574.8m | €139.6m | €5.7m | 13x | 101.5x | 4.1x |
| Fri, 18 Jul 2025 | €571.8m | €154.0m | -€187,677.00 | 12.6x | -3046.8x | 3.7x |
| Sun, 15 Jun 2025 | €567.8m | €154.0m | -€187,677.00 | 11.9x | -3025.2x | 3.7x |
| Tue, 13 May 2025 | €544.2m | €152.9m | -€4,198,807.00 | 19.3x | -129.6x | 3.6x |
| Thu, 10 Apr 2025 | €517.2m | €154.0m | -€187,677.00 | 11.9x | -2755.9x | 3.4x |
| Sat, 08 Mar 2025 | €526.4m | €152.5m | €28.1m | 18.8x | 18.8x | 3.5x |
| Mon, 03 Feb 2025 | €542.1m | €152.5m | €28.1m | 19x | 19.3x | 3.6x |
| Wed, 01 Jan 2025 | €575.1m | €152.5m | €28.1m | 20x | 20.5x | 3.8x |
| Fri, 29 Nov 2024 | €546.6m | €152.5m | €28.1m | 19.3x | 19.5x | 3.6x |
| Sun, 27 Oct 2024 | €580.0m | €152.5m | €28.1m | 20.4x | 20.7x | 3.8x |
| Tue, 24 Sep 2024 | €590.5m | €150.5m | €30.1m | 18.1x | 19.6x | 3.9x |
| Thu, 22 Aug 2024 | €571.2m | €150.5m | €30.1m | 17.7x | 19x | 3.8x |
| Sat, 20 Jul 2024 | €573.7m | €146.0m | €33.2m | 16.3x | 17.3x | 3.9x |
| Mon, 17 Jun 2024 | €587.1m | €146.0m | €33.2m | 16.7x | 17.7x | 4x |
| Wed, 15 May 2024 | €611.4m | €146.0m | €33.2m | 16.7x | 18.4x | 4.2x |
| Fri, 12 Apr 2024 | €598.1m | €146.0m | €33.2m | 16.6x | 18x | 4.1x |
| Sun, 10 Mar 2024 | €559.7m | €144.6m | €35.9m | 13.8x | 15.6x | 3.9x |
| Tue, 06 Feb 2024 | €570.2m | €184.0m | €69.1m | 8.9x | 8.2x | 3.1x |
| Thu, 04 Jan 2024 | €1.9b | €312.5m | €195.5m | 9.9x | 9.5x | 5.9x |
| Sat, 02 Dec 2023 | €1.9b | €312.5m | €195.5m | 9.7x | 9.5x | 6x |
| Mon, 30 Oct 2023 | €1.8b | €312.5m | €195.5m | 9.1x | 9.3x | 5.8x |
| Wed, 27 Sep 2023 | €1.8b | €311.5m | €196.2m | 8.4x | 9.2x | 5.8x |
| Fri, 25 Aug 2023 | €1.8b | €311.5m | €196.2m | 9.1x | 9.3x | 5.8x |
| Sun, 23 Jul 2023 | €1.8b | €316.9m | €209.8m | 9.4x | 8.7x | 5.8x |
| Tue, 20 Jun 2023 | €1.8b | €315.2m | €214.2m | 7.2x | 8.5x | 5.8x |
| Thu, 18 May 2023 | €1.8b | €315.2m | €214.2m | 7.2x | 8.6x | 5.8x |
| Sat, 15 Apr 2023 | €1.8b | €315.2m | €214.2m | 7.6x | 8.5x | 5.8x |
| Mon, 13 Mar 2023 | €18.4b | €2.0b | €2.3b | 6.9x | 7.9x | 9.4x |
| Wed, 08 Feb 2023 | €19.3b | €1.9b | €2.8b | 6.6x | 6.9x | 9.9x |
| Fri, 06 Jan 2023 | €18.3b | €1.9b | €3.3b | 6.2x | 5.6x | 9.6x |
| Sun, 04 Dec 2022 | €17.6b | €1.9b | €3.3b | 6x | 5.4x | 9.3x |
Price to Earnings Ratio
5.4x
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 Market | 1.33% | |
| Real Estate | -0.41% | |
| REITS | 3.18% | |
| Diversified REITs | 3.18% | |
| Residential REITs | 1.65% | |
| Retail REITs | 0.21% | |
| Office REITs | 0% | 0 |
| Healthcare REITs | -0.86% | |
| Industrial REITs | -2.18% | |
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 34.2%, 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 8.2x.
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 7.6% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| NEXTA Nextensa/SA | €43.30 | 4.6% +€19.2m | 11.0% | PB0.5x |