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Belgian (BEL20) REITS Industry Analysis

UpdatedJun 12, 2026
DataAggregated Company Financials
Companies3
  • 7D4.7%
  • 3M5.4%
  • 1Y12.4%
  • YTD12.8%

In the last week, the REITS industry is up 3.8%, with Nextensa/SA up 4.8%. This takes the industry's 12 month performance to a gain of 9.6%. As for the next few years, earnings are expected to grow by 2.7% per annum.

Industry Valuation and Performance

Has the Belgian REITS Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 12 Jun 2026€645.1m€147.7m€48.4m12.1x13.3x4.4x
Sun, 10 May 2026€615.5m€147.7m€48.4m11.6x12.7x4.2x
Tue, 07 Apr 2026€604.9m€147.7m€48.4m11.4x12.5x4.1x
Thu, 05 Mar 2026€635.4m€171.8m€44.4m13.7x14.3x3.7x
Sat, 31 Jan 2026€583.8m€140.1m€6.2m12.7x94.3x4.2x
Mon, 29 Dec 2025€569.1m€140.1m€6.2m11.9x92x4.1x
Wed, 26 Nov 2025€578.4m€140.1m€6.2m11.7x93.5x4.1x
Fri, 24 Oct 2025€552.8m€140.1m€6.2m11.7x89.4x3.9x
Sun, 21 Sep 2025€572.4m€139.6m€5.7m12.8x101.1x4.1x
Tue, 19 Aug 2025€576.2m€139.6m€5.7m13.1x101.8x4.1x
Thu, 17 Jul 2025€557.2m€154.0m-€187,677.0012.2x-2968.9x3.6x
Sat, 14 Jun 2025€567.8m€154.0m-€187,677.0011.9x-3025.2x3.7x
Mon, 12 May 2025€546.5m€152.9m-€4,198,807.0019.8x-130.1x3.6x
Wed, 09 Apr 2025€529.9m€154.0m-€187,677.0012.4x-2823.4x3.4x
Fri, 07 Mar 2025€523.3m€152.5m€28.1m18.6x18.6x3.4x
Sun, 02 Feb 2025€542.1m€152.5m€28.1m19x19.3x3.6x
Tue, 31 Dec 2024€574.2m€152.5m€28.1m19.9x20.5x3.8x
Thu, 28 Nov 2024€535.1m€152.5m€28.1m19x19.1x3.5x
Sat, 26 Oct 2024€580.0m€152.5m€28.1m20.4x20.7x3.8x
Mon, 23 Sep 2024€590.5m€150.5m€30.1m18.1x19.6x3.9x
Wed, 21 Aug 2024€578.0m€150.5m€30.1m17.9x19.2x3.8x
Fri, 19 Jul 2024€575.8m€146.0m€33.2m16.4x17.4x3.9x
Sun, 16 Jun 2024€587.1m€146.0m€33.2m16.7x17.7x4x
Tue, 14 May 2024€612.6m€146.0m€33.2m16.7x18.5x4.2x
Thu, 11 Apr 2024€597.1m€146.0m€33.2m16.6x18x4.1x
Sat, 09 Mar 2024€559.7m€144.6m€35.9m13.8x15.6x3.9x
Mon, 05 Feb 2024€1.8b€312.5m€195.5m9.9x9.3x5.8x
Wed, 03 Jan 2024€1.9b€312.5m€195.5m9.9x9.5x6x
Fri, 01 Dec 2023€1.9b€312.5m€195.5m9.6x9.5x6x
Sun, 29 Oct 2023€1.8b€312.5m€195.5m9.1x9.3x5.8x
Tue, 26 Sep 2023€1.8b€311.5m€196.2m8.4x9.2x5.8x
Thu, 24 Aug 2023€1.8b€311.5m€196.2m9.1x9.3x5.8x
Sat, 22 Jul 2023€1.8b€316.9m€209.8m9.4x8.7x5.8x
Mon, 19 Jun 2023€1.8b€315.2m€214.2m7.1x8.5x5.8x
Price to Earnings Ratio

8.5x


Total Market Cap: €1.8bTotal Earnings: €214.2mTotal Revenue: €315.2mTotal Market Cap vs Earnings and Revenue0%0%0%
Belgian REITS Industry Price to Earnings3Y Average -275.4x202420252026
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 22% 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 Market2.54%
Real Estate1.82%
REITS4.66%
Diversified REITs4.66%
Healthcare REITs2.85%
Retail REITs1.14%
Industrial REITs1.11%
Residential REITs1.00%
Office REITs0%0
Industry PE
  • Investors are most optimistic about the Residential REITs industry which is trading above its 3-year average PE ratio.
    • Analysts are expecting annual earnings growth of 20.3%, which is higher than its past year's earnings decline of 28.6% per year.
  • Investors are most pessimistic about the Retail REITs industry, which is trading close to its 3-year average of 9.2x.
Forecasted Growth
  • Analysts are most optimistic on the Residential REITs industry, expecting annual earnings growth of 20% over the next 5 years.
  • This is better than its past earnings decline of 29% per year.
  • In contrast, the Retail REITs industry is expected to see its earnings decline by 9.9% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
NEXTA Nextensa/SA€47.762.1%
+€9.7m
12.4%PB0.6x
WEB Warehouses Estates Belgium S.C.A€40.501.8%
+€2.5m
12.5%PB0.8x
DIEG Immolease Trust€110.004.7%
+€499.8k
-7.6%n/a

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