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Belgian (BEL20) REITS Industry Analysis
UpdatedNov 20, 2025
DataAggregated Company Financials
Companies3
- 7D0.9%
- 3M-2.9%
- 1Y0.6%
- YTD-3.1%
All of the companies in the REITS industry have been up over the last week, with the industry up 2.2%. Overall in the last year, the industry is flat. As for the next few years, earnings are expected to grow by 34% per annum.
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 |
|---|---|---|---|---|---|---|
| Fri, 21 Nov 2025 | €559.9m | €140.1m | €6.2m | 11.7x | 90.5x | 4x |
| Sun, 19 Oct 2025 | €547.8m | €140.1m | €6.2m | 11.7x | 88.5x | 3.9x |
| Tue, 16 Sep 2025 | €573.0m | €139.6m | €5.7m | 12.7x | 101.2x | 4.1x |
| Thu, 14 Aug 2025 | €578.8m | €154.0m | -€187,677.00 | 13x | -3084.3x | 3.8x |
| Sat, 12 Jul 2025 | €559.1m | €154.0m | -€187,677.00 | 12.1x | -2979.2x | 3.6x |
| Mon, 09 Jun 2025 | €573.0m | €154.0m | -€187,677.00 | 12.2x | -3052.9x | 3.7x |
| Wed, 07 May 2025 | €540.3m | €152.9m | -€4,198,807.00 | 19.4x | -128.7x | 3.5x |
| Fri, 04 Apr 2025 | €538.6m | €149.6m | -€187,677.00 | 12.7x | -2869.8x | 3.6x |
| Sun, 02 Mar 2025 | €534.1m | €152.5m | €28.1m | 19x | 19x | 3.5x |
| Tue, 28 Jan 2025 | €546.3m | €152.5m | €28.1m | 18.9x | 19.5x | 3.6x |
| Thu, 26 Dec 2024 | €563.8m | €152.5m | €28.1m | 19.7x | 20.1x | 3.7x |
| Sat, 23 Nov 2024 | €558.1m | €152.5m | €28.1m | 19.7x | 19.9x | 3.7x |
| Mon, 21 Oct 2024 | €579.3m | €152.5m | €28.1m | 20.5x | 20.6x | 3.8x |
| Wed, 18 Sep 2024 | €598.4m | €150.5m | €30.1m | 18.3x | 19.9x | 4x |
| Fri, 16 Aug 2024 | €577.8m | €153.7m | €30.1m | 17.9x | 19.2x | 3.8x |
| Sun, 14 Jul 2024 | €586.0m | €146.0m | €33.2m | 16.6x | 17.7x | 4x |
| Tue, 11 Jun 2024 | €615.2m | €146.0m | €33.2m | 17.3x | 18.6x | 4.2x |
| Thu, 09 May 2024 | €610.9m | €146.0m | €33.2m | 16.7x | 18.4x | 4.2x |
| Sat, 06 Apr 2024 | €597.5m | €146.0m | €33.2m | 16.6x | 18x | 4.1x |
| Mon, 04 Mar 2024 | €561.1m | €144.6m | €35.9m | 13.9x | 15.6x | 3.9x |
| Wed, 31 Jan 2024 | €1.8b | €312.5m | €195.5m | 9.9x | 9.3x | 5.8x |
| Fri, 29 Dec 2023 | €1.9b | €312.5m | €195.5m | 9.9x | 9.5x | 6x |
| Sun, 26 Nov 2023 | €1.9b | €312.5m | €195.5m | 9.5x | 9.5x | 6x |
| Tue, 24 Oct 2023 | €1.8b | €312.5m | €195.5m | 9x | 9.2x | 5.8x |
| Thu, 21 Sep 2023 | €1.8b | €311.5m | €196.2m | 8.4x | 9.2x | 5.8x |
| Sat, 19 Aug 2023 | €1.8b | €314.7m | €196.2m | 9.1x | 9.2x | 5.7x |
| Mon, 17 Jul 2023 | €1.8b | €315.2m | €214.2m | 6.9x | 8.5x | 5.8x |
| Wed, 14 Jun 2023 | €1.8b | €315.2m | €214.2m | 7.2x | 8.5x | 5.8x |
| Fri, 12 May 2023 | €1.8b | €315.2m | €214.2m | 7.4x | 8.6x | 5.9x |
| Sun, 09 Apr 2023 | €1.8b | €315.2m | €214.2m | 7.5x | 8.5x | 5.7x |
| Tue, 07 Mar 2023 | €19.3b | €2.0b | €2.3b | 7.1x | 8.2x | 9.8x |
| Thu, 02 Feb 2023 | €19.0b | €1.9b | €2.8b | 6.6x | 6.8x | 9.8x |
| Sat, 31 Dec 2022 | €17.9b | €1.9b | €3.3b | 6x | 5.5x | 9.4x |
| Mon, 28 Nov 2022 | €17.9b | €1.9b | €3.3b | 6.1x | 5.5x | 9.5x |
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 | -2.60% | |
| Real Estate | -0.044% | |
| REITS | 0.87% | |
| Industrial REITs | 0.94% | |
| Diversified REITs | 0.87% | |
| Office REITs | 0% | 0 |
| Healthcare REITs | -0.0032% | |
| Retail REITs | -1.18% | |
| Residential REITs | -1.75% | |
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 33.9%, 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 8.1x.
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 | €42.40 | 3.9% +€16.2m | 4.3% | PB0.5x | |
| WEB Warehouses Estates Belgium S.C.A | €37.80 | 3.3% +€4.2m | 1.6% | PB0.8x |