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Belgian (BEL20) REITS Industry Analysis
UpdatedOct 22, 2025
DataAggregated Company Financials
Companies3
- 7D-0.02%
- 3M-4.4%
- 1Y-3.8%
- YTD-4.2%
Over the last 7 days, the REITS industry has remained flat, although notably Immolease Trust gained 6.3%. Unfortunately though, the industry is down 3.1% over the past 12 months. 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, 22 Oct 2025 | €554.5m | €140.1m | €6.2m | 11.8x | 89.6x | 4x |
| Fri, 19 Sep 2025 | €572.4m | €139.6m | €5.7m | 12.8x | 101.1x | 4.1x |
| Sun, 17 Aug 2025 | €582.7m | €138.8m | €5.7m | 12.6x | 102.9x | 4.2x |
| Tue, 15 Jul 2025 | €568.7m | €154.0m | -€187,677.00 | 12.4x | -3030.2x | 3.7x |
| Thu, 12 Jun 2025 | €574.9m | €154.0m | -€187,677.00 | 12.1x | -3063.3x | 3.7x |
| Sat, 10 May 2025 | €546.5m | €152.9m | -€4,198,807.00 | 19.8x | -130.1x | 3.6x |
| Mon, 07 Apr 2025 | €532.2m | €149.6m | -€187,677.00 | 12.3x | -2835.8x | 3.6x |
| Wed, 05 Mar 2025 | €524.0m | €152.5m | €28.1m | 18.7x | 18.7x | 3.4x |
| Fri, 31 Jan 2025 | €533.7m | €152.5m | €28.1m | 19x | 19x | 3.5x |
| Sun, 29 Dec 2024 | €561.9m | €152.5m | €28.1m | 19.6x | 20x | 3.7x |
| Tue, 26 Nov 2024 | €554.8m | €152.5m | €28.1m | 19.6x | 19.8x | 3.6x |
| Thu, 24 Oct 2024 | €574.9m | €152.5m | €28.1m | 20.2x | 20.5x | 3.8x |
| Sat, 21 Sep 2024 | €590.5m | €150.5m | €30.1m | 18.1x | 19.6x | 3.9x |
| Mon, 19 Aug 2024 | €577.9m | €150.5m | €30.1m | 17.8x | 19.2x | 3.8x |
| Wed, 17 Jul 2024 | €579.4m | €146.0m | €33.2m | 16.4x | 17.5x | 4x |
| Fri, 14 Jun 2024 | €594.2m | €146.0m | €33.2m | 16.7x | 17.9x | 4.1x |
| Sun, 12 May 2024 | €612.5m | €146.0m | €33.2m | 16.7x | 18.5x | 4.2x |
| Tue, 09 Apr 2024 | €597.8m | €146.0m | €33.2m | 16.6x | 18x | 4.1x |
| Thu, 07 Mar 2024 | €564.3m | €144.6m | €35.9m | 14x | 15.7x | 3.9x |
| Sat, 03 Feb 2024 | €1.8b | €312.5m | €195.5m | 9.9x | 9.3x | 5.8x |
| Mon, 01 Jan 2024 | €1.9b | €312.5m | €195.5m | 9.9x | 9.5x | 5.9x |
| Wed, 29 Nov 2023 | €1.9b | €312.5m | €195.5m | 9.4x | 9.5x | 6x |
| Fri, 27 Oct 2023 | €1.8b | €312.5m | €195.5m | 9x | 9.2x | 5.8x |
| Sun, 24 Sep 2023 | €1.8b | €311.5m | €196.2m | 8.3x | 9.2x | 5.8x |
| Tue, 22 Aug 2023 | €1.8b | €311.5m | €196.2m | 9.1x | 9.2x | 5.8x |
| Thu, 20 Jul 2023 | €1.8b | €315.2m | €214.2m | 6.9x | 8.6x | 5.8x |
| Sat, 17 Jun 2023 | €1.8b | €315.2m | €214.2m | 7.1x | 8.5x | 5.8x |
| Mon, 15 May 2023 | €1.8b | €315.2m | €214.2m | 7.3x | 8.6x | 5.8x |
| Wed, 12 Apr 2023 | €1.8b | €315.2m | €214.2m | 7.5x | 8.5x | 5.8x |
| Fri, 10 Mar 2023 | €18.5b | €2.0b | €2.3b | 7x | 7.9x | 9.4x |
| Sun, 05 Feb 2023 | €19.6b | €1.9b | €2.8b | 6.8x | 7.1x | 10.1x |
| Tue, 03 Jan 2023 | €18.1b | €1.9b | €3.3b | 6.2x | 5.5x | 9.5x |
| Thu, 01 Dec 2022 | €17.3b | €1.9b | €3.3b | 5.8x | 5.3x | 9.1x |
| Sat, 29 Oct 2022 | €17.8b | €1.9b | €3.1b | 6.5x | 5.7x | 9.5x |
Price to Earnings Ratio
5.7x
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 | 1.89% | |
| Real Estate | 2.27% | |
| REITS | -0.023% | |
| Industrial REITs | 4.66% | |
| Healthcare REITs | 2.28% | |
| Residential REITs | 1.38% | |
| Retail REITs | 0.41% | |
| Office REITs | 0% | 0 |
| Diversified REITs | -0.023% | |
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 34.4%, 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 7.9x.
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 6.8% 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 | €37.80 | 2.2% +€2.8m | -2.8% | PB0.8x |