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Belgian (BEL20) REITS Industry Analysis

UpdatedFeb 11, 2024
DataAggregated Company Financials
Companies3
  • 7D-0.3%
  • 3M-4.6%
  • 1Y-5.5%
  • YTD-7.8%

Over the last 7 days, the REITS industry has dropped 1.8%, driven by a pullback from Nextensa/SA of 0.2%. In the past year, the industry has gained 20%. Looking forward, earnings are forecast to grow by 4.8% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 11 Feb 2024€571.1m€184.0m€69.1m8.9x8.3x3.1x
Tue, 09 Jan 2024€1.9b€312.5m€195.5m9.9x9.5x5.9x
Thu, 07 Dec 2023€1.9b€312.5m€195.5m9.9x9.6x6x
Sat, 04 Nov 2023€1.8b€312.5m€195.5m9.5x9.4x5.9x
Mon, 02 Oct 2023€1.8b€311.5m€196.2m8.4x9.2x5.8x
Wed, 30 Aug 2023€1.8b€311.5m€196.2m9x9.3x5.8x
Fri, 28 Jul 2023€1.8b€316.9m€209.8m9.3x8.7x5.8x
Sun, 25 Jun 2023€1.8b€315.2m€214.2m6.9x8.4x5.7x
Tue, 23 May 2023€1.8b€315.2m€214.2m7.2x8.5x5.8x
Thu, 20 Apr 2023€1.8b€315.2m€214.2m7.6x8.5x5.8x
Sat, 18 Mar 2023€18.5b€1.9b€2.3b7.1x8x9.5x
Mon, 13 Feb 2023€19.3b€1.9b€2.8b6.7x6.9x9.9x
Wed, 11 Jan 2023€18.4b€1.9b€3.3b6.3x5.6x9.7x
Fri, 09 Dec 2022€17.7b€1.9b€3.3b6.1x5.4x9.4x
Sun, 06 Nov 2022€18.0b€1.9b€3.2b6.7x5.7x9.6x
Tue, 04 Oct 2022€17.6b€1.9b€3.2b6.3x5.5x9.3x
Thu, 01 Sep 2022€20.7b€1.9b€3.2b6.7x6.5x11x
Sat, 30 Jul 2022€21.9b€1.8b€2.8b8.7x7.8x12.3x
Mon, 27 Jun 2022€20.8b€1.8b€2.8b9x7.5x11.7x
Wed, 25 May 2022€23.1b€1.8b€2.7b10.9x8.6x13.1x
Fri, 22 Apr 2022€25.2b€1.7b€2.4b12.2x10.7x14.8x
Sun, 20 Mar 2022€24.2b€1.6b€2.3b13.3x10.3x14.6x
Tue, 15 Feb 2022€21.8b€1.6b€2.1b10.9x10.3x13.2x
Thu, 13 Jan 2022€25.0b€1.6b€1.9b11.9x12.9x15.6x
Sat, 11 Dec 2021€24.9b€1.6b€1.9b11.2x12.8x15.5x
Mon, 08 Nov 2021€25.2b€1.6b€1.9b12.1x13.4x15.9x
Wed, 06 Oct 2021€22.9b€1.6b€1.6b11.9x14x14.6x
Fri, 03 Sep 2021€24.5b€1.6b€1.6b12.2x15x15.6x
Sun, 01 Aug 2021€23.8b€1.6b€1.6b12.4x14.6x15.1x
Wed, 05 May 2021€19.9b€1.5b€1.2b12.7x16.4x13.2x
Price to Earnings Ratio

22.4x


Total Market Cap: €19.2bTotal Earnings: €857.9mTotal Revenue: €1.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Belgian REITS Industry Price to Earnings3Y Average 10.4x202220232024
Current Industry PE
  • Investors are pessimistic on the Belgian REITs industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 9.3x which is lower than its 3-year average PE of 10.4x.
  • The 3-year average PS ratio of 10.7x is higher than the industry's current PS ratio of 5.8x.
Past Earnings Growth
  • The earnings for companies in the REITs industry have declined 39% per year over the last three years,
  • Revenues have also declined 41% 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 Market2.78%
Real Estate-2.49%
REITS-0.28%
Residential REITs0.033%
Office REITs0%
Specialized REITs0%
Hotel and Resort REITs0%
Diversified REITs-0.28%
Industrial REITs-1.98%
Retail REITs-2.55%
Healthcare REITs-4.51%
Industry PE
  • Investors are most optimistic about the Residential REITs industry which is trading above its 3-year average PE ratio of 5.9x.
    • Analysts are expecting annual earnings growth of 68.1%, which is higher than its past year's earnings decline of 80.0% per year.
  • Investors are most pessimistic about the Retail REITs industry, which is trading below its 3-year average of 12.3x.
Forecasted Growth
  • Analysts are most optimistic on the Residential REITs industry, expecting annual earnings growth of 68% over the next 5 years.
  • This is better than its past earnings decline of 80% per year.
  • In contrast, the Retail REITs industry is expected to see its earnings decline by 12% 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€124.003.3%
+€408.0k
8.8%n/a
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Latest News

NEXTA

€44.60

Nextensa/SA

7D

-0.4%

1Y

-6.1%

DIEG

€124.00

Immolease Trust

7D

3.3%

1Y

8.8%