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Belgian (BEL20) REITS Industry Analysis
UpdatedApr 09, 2026
DataAggregated Company Financials
Companies3
- 7D0.4%
- 3M4.4%
- 1Y20.0%
- YTD8.5%
Over the last 7 days, the REITS industry has risen 3.2%, driven by gains from every company within the industry. This means that the industry has gained 14% over the past year. As for the next few years, earnings are expected to grow by 1.8% 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, 10 Apr 2026 | €620.8m | €147.7m | €48.4m | 11.7x | 12.8x | 4.2x |
| Sun, 08 Mar 2026 | €621.5m | €171.8m | €44.4m | 13.5x | 14x | 3.6x |
| Tue, 03 Feb 2026 | €589.2m | €140.1m | €6.2m | 12.5x | 95.2x | 4.2x |
| Thu, 01 Jan 2026 | €578.4m | €140.1m | €6.2m | 12.2x | 93.5x | 4.1x |
| Sat, 29 Nov 2025 | €574.0m | €140.1m | €6.2m | 11.5x | 92.8x | 4.1x |
| Mon, 27 Oct 2025 | €553.1m | €140.1m | €6.2m | 11.7x | 89.4x | 3.9x |
| Wed, 24 Sep 2025 | €573.0m | €139.6m | €5.7m | 12.6x | 101.2x | 4.1x |
| Fri, 22 Aug 2025 | €576.9m | €139.6m | €5.7m | 13.2x | 101.9x | 4.1x |
| Sun, 20 Jul 2025 | €570.4m | €154.0m | -€187,677.00 | 12.2x | -3039.5x | 3.7x |
| Tue, 17 Jun 2025 | €568.8m | €154.0m | -€187,677.00 | 11.9x | -3030.5x | 3.7x |
| Thu, 15 May 2025 | €545.3m | €152.9m | -€4,198,807.00 | 19.7x | -129.9x | 3.6x |
| Sat, 12 Apr 2025 | €546.3m | €154.0m | -€187,677.00 | 12.2x | -2910.7x | 3.5x |
| Mon, 10 Mar 2025 | €526.4m | €152.5m | €28.1m | 18.8x | 18.8x | 3.5x |
| Wed, 05 Feb 2025 | €538.3m | €152.5m | €28.1m | 18.8x | 19.2x | 3.5x |
| Fri, 03 Jan 2025 | €577.7m | €152.5m | €28.1m | 20x | 20.6x | 3.8x |
| Sun, 01 Dec 2024 | €546.6m | €152.5m | €28.1m | 19.3x | 19.5x | 3.6x |
| Tue, 29 Oct 2024 | €575.9m | €152.5m | €28.1m | 20.2x | 20.5x | 3.8x |
| Thu, 26 Sep 2024 | €595.5m | €150.5m | €30.1m | 18.3x | 19.8x | 4x |
| Sat, 24 Aug 2024 | €578.9m | €150.5m | €30.1m | 17.9x | 19.2x | 3.8x |
| Mon, 22 Jul 2024 | €573.7m | €146.0m | €33.2m | 16.3x | 17.3x | 3.9x |
| Wed, 19 Jun 2024 | €584.7m | €146.0m | €33.2m | 16.7x | 17.6x | 4x |
| Fri, 17 May 2024 | €618.8m | €146.0m | €33.2m | 17.1x | 18.7x | 4.2x |
| Sun, 14 Apr 2024 | €597.0m | €146.0m | €33.2m | 16.6x | 18x | 4.1x |
| Tue, 12 Mar 2024 | €558.8m | €144.6m | €35.9m | 13.8x | 15.5x | 3.9x |
| Thu, 08 Feb 2024 | €566.5m | €184.0m | €69.1m | 8.8x | 8.2x | 3.1x |
| Sat, 06 Jan 2024 | €1.9b | €312.5m | €195.5m | 9.9x | 9.5x | 6x |
| Mon, 04 Dec 2023 | €1.9b | €312.5m | €195.5m | 9.7x | 9.5x | 6x |
| Wed, 01 Nov 2023 | €1.8b | €312.5m | €195.5m | 9.1x | 9.3x | 5.8x |
| Fri, 29 Sep 2023 | €1.8b | €311.5m | €196.2m | 8.4x | 9.3x | 5.8x |
| Sun, 27 Aug 2023 | €1.8b | €311.5m | €196.2m | 9.1x | 9.3x | 5.8x |
| Tue, 25 Jul 2023 | €1.8b | €316.9m | €209.8m | 9.5x | 8.7x | 5.8x |
| Thu, 22 Jun 2023 | €1.8b | €315.2m | €214.2m | 7.1x | 8.4x | 5.7x |
| Sat, 20 May 2023 | €1.8b | €315.2m | €214.2m | 7.2x | 8.5x | 5.8x |
| Mon, 17 Apr 2023 | €1.8b | €315.2m | €214.2m | 7.6x | 8.5x | 5.8x |
Price to Earnings Ratio
8.5x
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 39% per year over the last three years,
- Revenues have also declined 18% 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 | 3.01% | |
| Real Estate | 3.49% | |
| REITS | 0.45% | |
| Retail REITs | 3.60% | |
| Industrial REITs | 3.23% | |
| Residential REITs | 3.18% | |
| Healthcare REITs | 3.01% | |
| Diversified REITs | 0.45% | |
| Office REITs | 0% | 0 |
Industry PE
- Investors are most optimistic about the Healthcare REITs industry even though it's trading below its 3-year average PE ratio of 35.6x.
- Analysts are expecting annual earnings growth of 2.7%, which is lower than the prior year's growth of 129.8% 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 8.9x.
Forecasted Growth
- Analysts are most optimistic on the Industrial REITs industry, expecting annual earnings growth of 14% over the next 5 years.
- This is better than its past earnings decline of 12% per year.
- In contrast, the Retail REITs industry is expected to see its earnings growth to stay flat 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 | €46.30 | 2.2% +€10.1m | 17.8% | PB0.6x | |
| WEB Warehouses Estates Belgium S.C.A | €39.80 | 2.1% +€2.8m | 7.6% | PB0.8x |