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Belgian (BEL20) Retail REITs Industry Analysis

UpdatedSep 16, 2025
DataAggregated Company Financials
Companies5
  • 7D0.5%
  • 3M4.6%
  • 1Y0.07%
  • YTDn/a

Over the last 7 days, the Retail REITs industry has remained flat. As for the the longer term, the industry is up 3.4% over the past 12 months. Looking forward, earnings are forecast to grow by 3.9% annually.

Industry Valuation and Performance

Has the Belgian Retail REITs Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 16 Sep 2025€2.4b€333.3m€211.3m14.4x11.4x7.3x
Thu, 14 Aug 2025€2.4b€333.2m€219.0m9.4x11x7.2x
Sat, 12 Jul 2025€2.5b€304.3m€238.6m8.5x10.4x8.1x
Mon, 09 Jun 2025€2.4b€304.3m€238.6m8.3x10.1x7.9x
Wed, 07 May 2025€2.4b€303.0m€197.2m12.4x12.1x7.9x
Fri, 04 Apr 2025€2.3b€307.4m€197.5m11.7x11.8x7.6x
Sun, 02 Mar 2025€2.3b€307.0m€201.1m11.2x11.3x7.4x
Tue, 28 Jan 2025€1.8b€307.5m€202.6m10.6x8.7x5.8x
Thu, 26 Dec 2024€1.8b€300.0m€202.6m11.1x8.9x6x
Sat, 23 Nov 2024€1.8b€307.2m€198.6m11.2x9.2x5.9x
Mon, 21 Oct 2024€1.9b€304.0m€244.0m7.8x7.9x6.4x
Wed, 18 Sep 2024€2.0b€304.0m€244.0m8.1x8.2x6.6x
Fri, 16 Aug 2024€1.9b€305.2m€230.3m9.9x8.3x6.3x
Sun, 14 Jul 2024€1.9b€303.2m€179.1m13.2x10.5x6.2x
Tue, 11 Jun 2024€1.9b€303.2m€179.1m13.6x10.6x6.3x
Thu, 09 May 2024€1.9b€296.5m€213.2m13.4x8.9x6.4x
Sat, 06 Apr 2024€1.9b€293.6m€221.7m13.6x8.6x6.5x
Mon, 04 Mar 2024€1.8b€293.6m€221.7m13.6x7.9x6x
Wed, 31 Jan 2024€1.8b€289.6m€251.2m11x7.4x6.4x
Fri, 29 Dec 2023€1.9b€281.8m€251.2m11x7.6x6.8x
Sun, 26 Nov 2023€1.8b€281.8m€251.2m10.9x7.3x6.5x
Tue, 24 Oct 2023€1.7b€280.9m€290.4m10.2x5.7x5.9x
Thu, 21 Sep 2023€1.7b€280.9m€290.4m10.4x5.9x6.1x
Sat, 19 Aug 2023€1.7b€277.5m€297.0m6.1x5.8x6.2x
Mon, 17 Jul 2023€1.8b€273.2m€331.2m6x5.4x6.5x
Wed, 14 Jun 2023€1.9b€273.2m€331.2m6x5.7x6.9x
Fri, 12 May 2023€1.9b€264.7m€368.2m6.9x5.2x7.3x
Sun, 09 Apr 2023€2.0b€262.7m€365.2m8.6x5.4x7.5x
Tue, 07 Mar 2023€2.1b€262.7m€365.2m9.1x5.6x7.8x
Thu, 02 Feb 2023€1.9b€260.4m€366.8m7.6x5.3x7.4x
Sat, 31 Dec 2022€1.9b€260.4m€366.8m7.2x5.1x7.2x
Mon, 28 Nov 2022€1.9b€253.5m€366.8m7.4x5.1x7.4x
Wed, 26 Oct 2022€1.8b€255.8m€300.3m7x5.8x6.9x
Fri, 23 Sep 2022€1.7b€255.8m€300.3m6.9x5.6x6.6x
Price to Earnings Ratio

5.6x


Total Market Cap: €1.7bTotal Earnings: €300.3mTotal Revenue: €255.8mTotal Market Cap vs Earnings and Revenue0%0%0%
Belgian Retail REITs Industry Price to Earnings3Y Average 7.8x202320242025
Current Industry PE
  • Investors are optimistic on the Belgian Retail REITs industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 11.0x which is higher than its 3-year average PE of 7.7x.
  • The industry is trading close to its 3-year average PS ratio of 6.8x.
Past Earnings Growth
  • The earnings for companies in the Retail REITs industry have declined 8.6% per year over the last three years.
  • Meanwhile revenues for these companies have grown 9.1% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Comparison

How does Belgian Retail REITs compare with similar industries?

BE Market-0.65%
Real Estate-0.70%
REITS0.29%
Retail REITs0.45%
Healthcare REITs0.33%
Diversified REITs0.29%
Office REITs0%0
Residential REITs-0.64%
Industrial REITs-1.49%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
RET Retail Estates€69.001.9%
+€19.5m
2.1%PB0.8x
VASTB Vastned€29.000.3%
+€1.6m
-11.3%PB0.7x
QRF Qrf Comm. VA€10.500.5%
+€389.9k
-11.0%PB0.7x

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