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Belgian (BEL20) REITS Industry Analysis
UpdatedNov 20, 2025
DataAggregated Company Financials
Companies3
- 7D1.8%
- 3M-0.07%
- 1Y3.0%
- YTD-0.5%
Over the last 7 days, the REITS industry has remained flat, although notably Nextensa/SA gained 3.9%. In line with that, the industry has also been flat over the past 12 months. 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 |
|---|---|---|---|---|---|---|
| Sat, 22 Nov 2025 | €559.9m | €140.1m | €6.2m | 11.7x | 90.5x | 4x |
| Mon, 20 Oct 2025 | €547.8m | €140.1m | €6.2m | 11.7x | 88.5x | 3.9x |
| 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 |
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 | -0.17% | |
| Real Estate | -1.55% | |
| REITS | 1.79% | |
| Diversified REITs | 1.79% | |
| Office REITs | 0% | 0 |
| Residential REITs | -1.32% | |
| Industrial REITs | -1.37% | |
| Healthcare REITs | -1.56% | |
| Retail REITs | -2.77% | |
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 8.2x.
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 | €43.00 | 2.9% +€12.1m | 4.9% | PB0.5x | |
| DIEG Immolease Trust | €104.00 | 1.0% +€102.0k | -3.7% | n/a |