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Belgian (BEL20) REITS Industry Analysis
UpdatedSep 17, 2025
DataAggregated Company Financials
Companies3
- 7D0.2%
- 3M1.3%
- 1Y-4.4%
- YTD-1.0%
Over the last 7 days, the REITS industry has dropped 2.2%, driven by pullbacks from every company within the industry. As for the longer term, the industry's performance has been flat for the past year. 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 |
|---|---|---|---|---|---|---|
| Wed, 17 Sep 2025 | €572.1m | €139.6m | €5.7m | 12.8x | 101.1x | 4.1x |
| Fri, 15 Aug 2025 | €583.4m | €154.0m | -€187,677.00 | 12.6x | -3108.7x | 3.8x |
| Sun, 13 Jul 2025 | €559.2m | €154.0m | -€187,677.00 | 12.2x | -2979.7x | 3.6x |
| Tue, 10 Jun 2025 | €581.8m | €154.0m | -€187,677.00 | 12.6x | -3100.1x | 3.8x |
| Thu, 08 May 2025 | €546.5m | €152.9m | -€4,198,807.00 | 19.8x | -130.1x | 3.6x |
| Sat, 05 Apr 2025 | €532.2m | €149.6m | -€187,677.00 | 12.3x | -2835.8x | 3.6x |
| Mon, 03 Mar 2025 | €534.1m | €152.5m | €28.1m | 19x | 19x | 3.5x |
| Wed, 29 Jan 2025 | €539.0m | €152.5m | €28.1m | 18.8x | 19.2x | 3.5x |
| Fri, 27 Dec 2024 | €563.8m | €152.5m | €28.1m | 19.7x | 20.1x | 3.7x |
| Sun, 24 Nov 2024 | €558.1m | €152.5m | €28.1m | 19.7x | 19.9x | 3.7x |
| Tue, 22 Oct 2024 | €576.9m | €152.5m | €28.1m | 20.3x | 20.6x | 3.8x |
| Thu, 19 Sep 2024 | €592.7m | €150.5m | €30.1m | 18.2x | 19.7x | 3.9x |
| Sat, 17 Aug 2024 | €577.9m | €153.7m | €30.1m | 17.8x | 19.2x | 3.8x |
| Mon, 15 Jul 2024 | €586.0m | €146.0m | €33.2m | 16.6x | 17.7x | 4x |
| Wed, 12 Jun 2024 | €603.3m | €146.0m | €33.2m | 17x | 18.2x | 4.1x |
| Fri, 10 May 2024 | €611.2m | €146.0m | €33.2m | 16.7x | 18.4x | 4.2x |
| Sun, 07 Apr 2024 | €597.5m | €146.0m | €33.2m | 16.6x | 18x | 4.1x |
| Tue, 05 Mar 2024 | €562.1m | €144.6m | €35.9m | 13.9x | 15.6x | 3.9x |
| Thu, 01 Feb 2024 | €1.8b | €312.5m | €195.5m | 9.9x | 9.3x | 5.8x |
| Sat, 30 Dec 2023 | €1.9b | €312.5m | €195.5m | 9.9x | 9.5x | 5.9x |
| Mon, 27 Nov 2023 | €1.9b | €312.5m | €195.5m | 9.5x | 9.5x | 6x |
| Wed, 25 Oct 2023 | €1.8b | €312.5m | €195.5m | 9.2x | 9.2x | 5.8x |
| Fri, 22 Sep 2023 | €1.8b | €311.5m | €196.2m | 8.4x | 9.2x | 5.8x |
| Sun, 20 Aug 2023 | €1.8b | €311.5m | €196.2m | 9.1x | 9.2x | 5.8x |
| Tue, 18 Jul 2023 | €1.8b | €315.2m | €214.2m | 6.9x | 8.5x | 5.8x |
| Thu, 15 Jun 2023 | €1.8b | €315.2m | €214.2m | 7.3x | 8.5x | 5.8x |
| Sat, 13 May 2023 | €1.8b | €315.2m | €214.2m | 7.3x | 8.6x | 5.8x |
| Mon, 10 Apr 2023 | €1.8b | €315.2m | €214.2m | 7.5x | 8.5x | 5.7x |
| Wed, 08 Mar 2023 | €19.1b | €2.0b | €2.3b | 7x | 8.1x | 9.7x |
| Fri, 03 Feb 2023 | €19.8b | €1.9b | €2.8b | 6.9x | 7.1x | 10.2x |
| Sun, 01 Jan 2023 | €17.8b | €1.9b | €3.3b | 6x | 5.4x | 9.4x |
| Tue, 29 Nov 2022 | €17.8b | €1.9b | €3.3b | 6x | 5.4x | 9.4x |
| Thu, 27 Oct 2022 | €17.6b | €1.9b | €3.1b | 6.5x | 5.7x | 9.4x |
| Sat, 24 Sep 2022 | €17.7b | €1.9b | €3.2b | 6.2x | 5.5x | 9.4x |
Price to Earnings Ratio
5.5x
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 | -0.89% | |
| Real Estate | -1.51% | |
| REITS | 0.19% | |
| Diversified REITs | 0.19% | |
| Office REITs | 0% | 0 |
| Retail REITs | -0.017% | |
| Healthcare REITs | -0.057% | |
| Residential REITs | -2.02% | |
| Industrial REITs | -3.22% | |
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 higher than its past year's earnings growth of 22.7% 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 7.7x.
Forecasted Growth
- Analysts are most optimistic on the Diversified REITs industry, expecting annual earnings growth of 34% over the next 5 years.
- This is better than its past earnings growth rate of 23% per year.
- In contrast, the Retail REITs industry is expected to see its earnings grow by 3.9% 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 | |
|---|---|---|---|---|---|
| WEB Warehouses Estates Belgium S.C.A | €39.00 | 1.0% +€1.4m | 0.3% | PB0.8x | |
| DIEG Immolease Trust | €118.00 | 6.3% +€714.0k | -3.3% | n/a |