Have your own idea? Try our Stock Screener
Belgian (BEL20) REITS Industry Analysis
UpdatedNov 14, 2025
DataAggregated Company Financials
Companies3
- 7D2.2%
- 3M-1.8%
- 1Y0.07%
- YTD-2.3%
In the last week, the REITS industry is up 2.1%, with all of the companies up. 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 |
|---|---|---|---|---|---|---|
| Mon, 17 Nov 2025 | €551.6m | €140.1m | €6.2m | 11.5x | 89.1x | 3.9x |
| Wed, 15 Oct 2025 | €553.7m | €140.1m | €6.2m | 11.6x | 89.5x | 4x |
| Fri, 12 Sep 2025 | €572.4m | €139.6m | €5.7m | 12.8x | 101.1x | 4.1x |
| Sun, 10 Aug 2025 | €565.9m | €154.0m | -€187,677.00 | 12.7x | -3015.5x | 3.7x |
| Tue, 08 Jul 2025 | €564.3m | €154.0m | -€187,677.00 | 12.2x | -3006.6x | 3.7x |
| Thu, 05 Jun 2025 | €570.8m | €154.0m | -€187,677.00 | 12.2x | -3041.6x | 3.7x |
| Sat, 03 May 2025 | €544.4m | €152.9m | -€4,198,807.00 | 19.4x | -129.6x | 3.6x |
| Mon, 31 Mar 2025 | €557.6m | €153.5m | €32.1m | 15.9x | 17.4x | 3.6x |
| Wed, 26 Feb 2025 | €533.5m | €152.5m | €28.1m | 18.8x | 19x | 3.5x |
| Fri, 24 Jan 2025 | €559.9m | €152.5m | €28.1m | 19.5x | 19.9x | 3.7x |
| Sun, 22 Dec 2024 | €509.2m | €152.5m | €28.1m | 18.4x | 18.1x | 3.3x |
| Tue, 19 Nov 2024 | €564.2m | €152.5m | €28.1m | 19.6x | 20.1x | 3.7x |
| Thu, 17 Oct 2024 | €579.2m | €152.5m | €28.1m | 20.4x | 20.6x | 3.8x |
| Sat, 14 Sep 2024 | €592.9m | €150.5m | €30.1m | 18.2x | 19.7x | 3.9x |
| Mon, 12 Aug 2024 | €573.8m | €146.0m | €33.2m | 16.5x | 17.3x | 3.9x |
| Wed, 10 Jul 2024 | €570.0m | €146.0m | €33.2m | 16.4x | 17.2x | 3.9x |
| Fri, 07 Jun 2024 | €621.3m | €146.0m | €33.2m | 17.6x | 18.7x | 4.3x |
| Sun, 05 May 2024 | €597.9m | €146.0m | €33.2m | 16.2x | 18x | 4.1x |
| Tue, 02 Apr 2024 | €577.3m | €146.0m | €33.2m | 16.1x | 17.4x | 4x |
| Thu, 29 Feb 2024 | €556.9m | €144.6m | €35.9m | 13.9x | 15.5x | 3.9x |
| Sat, 27 Jan 2024 | €1.8b | €312.5m | €195.5m | 9.9x | 9.3x | 5.8x |
| Mon, 25 Dec 2023 | €1.9b | €312.5m | €195.5m | 9.9x | 9.5x | 5.9x |
| Wed, 22 Nov 2023 | €1.9b | €312.5m | €195.5m | 9.5x | 9.5x | 5.9x |
| Fri, 20 Oct 2023 | €1.8b | €312.5m | €195.5m | 9.2x | 9.3x | 5.8x |
| Sun, 17 Sep 2023 | €1.8b | €311.5m | €196.2m | 8.8x | 9.2x | 5.8x |
| Tue, 15 Aug 2023 | €1.8b | €316.9m | €209.8m | 9.3x | 8.7x | 5.8x |
| Thu, 13 Jul 2023 | €1.8b | €315.2m | €214.2m | 6.9x | 8.5x | 5.8x |
| Sat, 10 Jun 2023 | €1.8b | €315.2m | €214.2m | 7.1x | 8.6x | 5.8x |
| Mon, 08 May 2023 | €1.9b | €315.2m | €214.2m | 7.2x | 8.7x | 5.9x |
| Wed, 05 Apr 2023 | €1.8b | €281.4m | €198.9m | 7.6x | 8.9x | 6.3x |
| Fri, 03 Mar 2023 | €19.1b | €2.0b | €2.3b | 7x | 8.1x | 9.7x |
| Sun, 29 Jan 2023 | €19.2b | €1.9b | €2.8b | 6.6x | 6.9x | 10x |
| Tue, 27 Dec 2022 | €17.6b | €1.9b | €3.3b | 6x | 5.4x | 9.3x |
| Thu, 24 Nov 2022 | €17.9b | €1.9b | €3.3b | 6x | 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 | 1.05% | |
| Real Estate | 0.18% | |
| REITS | 2.21% | |
| Diversified REITs | 2.21% | |
| Industrial REITs | 0.37% | |
| Healthcare REITs | 0.15% | |
| Office REITs | 0% | 0 |
| Residential REITs | -0.16% | |
| Retail REITs | -0.51% | |
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 | €41.80 | 2.5% +€10.1m | -0.5% | PB0.5x | |
| WEB Warehouses Estates Belgium S.C.A | €38.20 | 3.2% +€4.2m | 4.1% | PB0.8x |