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Belgian (BEL20) Retail REITs Industry Analysis

UpdatedJul 09, 2025
DataAggregated Company Financials
Companies5
  • 7D0.3%
  • 3M11.9%
  • 1Y5.5%
  • YTDn/a

Over the last 7 days, the Retail REITs industry has remained flat, although notably Vastned declined by 3.5%. Furthermore, the industry has been flat for the past year as well. Looking forward, earnings are forecast to grow by 17% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 09 Jul 2025€2.5b€304.3m€238.6m8.3x10.3x8.1x
Fri, 06 Jun 2025€2.4b€304.3m€238.6m8.3x10x7.9x
Sun, 04 May 2025€2.4b€303.0m€197.2m12.3x12x7.8x
Tue, 01 Apr 2025€2.3b€307.4m€197.5m11.3x11.6x7.5x
Thu, 27 Feb 2025€2.3b€307.5m€202.6m11.2x11.2x7.4x
Sat, 25 Jan 2025€1.8b€307.5m€202.6m10.6x8.7x5.8x
Mon, 23 Dec 2024€1.8b€300.0m€202.6m10.9x8.8x5.9x
Wed, 20 Nov 2024€1.8b€303.9m€243.4m7.4x7.4x6x
Fri, 18 Oct 2024€1.9b€304.0m€244.0m7.8x7.9x6.4x
Sun, 15 Sep 2024€2.0b€304.0m€244.0m8.2x8.3x6.7x
Tue, 13 Aug 2024€1.9b€305.1m€226.1m10x8.5x6.3x
Thu, 11 Jul 2024€1.9b€303.2m€179.1m13.3x10.5x6.2x
Sat, 08 Jun 2024€1.9b€303.3m€179.1m13.6x10.6x6.3x
Mon, 06 May 2024€1.9b€296.5m€213.2m13.6x9x6.5x
Wed, 03 Apr 2024€1.9b€293.6m€221.7m13.5x8.6x6.5x
Fri, 01 Mar 2024€1.8b€293.6m€221.7m13.5x8x6x
Sun, 28 Jan 2024€1.8b€289.6m€251.2m11x7.3x6.4x
Tue, 26 Dec 2023€1.9b€281.8m€251.2m10.9x7.6x6.8x
Thu, 23 Nov 2023€1.8b€288.0m€269.6m10.6x6.8x6.4x
Sat, 21 Oct 2023€1.7b€280.9m€290.4m10.2x5.7x5.9x
Mon, 18 Sep 2023€1.7b€280.9m€290.4m10.6x6x6.2x
Wed, 16 Aug 2023€1.8b€276.8m€313.8m6.3x5.7x6.4x
Fri, 14 Jul 2023€1.8b€273.2m€331.2m5.9x5.4x6.6x
Sun, 11 Jun 2023€1.9b€273.2m€331.2m6.1x5.7x6.8x
Tue, 09 May 2023€1.9b€264.7m€368.2m6.7x5.3x7.3x
Thu, 06 Apr 2023€1.9b€262.7m€365.2m8.7x5.3x7.4x
Sat, 04 Mar 2023€2.1b€262.7m€365.2m9.1x5.6x7.8x
Mon, 30 Jan 2023€1.9b€260.4m€366.8m7.6x5.3x7.5x
Wed, 28 Dec 2022€1.8b€253.5m€366.8m7.1x5x7.3x
Fri, 25 Nov 2022€1.9b€259.6m€363.6m7.4x5.2x7.3x
Sun, 23 Oct 2022€1.7b€255.8m€300.3m7x5.8x6.8x
Tue, 20 Sep 2022€1.8b€256.7m€286.6m6.6x6.2x6.9x
Thu, 18 Aug 2022€1.9b€256.0m€269.7m7.2x7.2x7.6x
Sat, 16 Jul 2022€1.9b€253.9m€245.8m8.8x7.6x7.4x
Price to Earnings Ratio

7.6x


Total Market Cap: €1.9bTotal Earnings: €245.8mTotal Revenue: €253.9mTotal Market Cap vs Earnings and Revenue0%0%0%
Belgian Retail REITs Industry Price to Earnings3Y Average 7.6x202320242025
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 10.0x which is higher than its 3-year average PE of 7.5x.
  • The 3-year average PS ratio of 6.7x is lower than the industry's current PS ratio of 7.8x.
Past Earnings Growth
  • The earnings for companies in the Retail REITs industry have remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have grown 6.2% 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 and as a result, profits have held steady.

Industry Comparison

How does Belgian Retail REITs compare with similar industries?

BE Market-1.01%
Real Estate-1.63%
REITS-0.97%
Retail REITs0.35%
Office REITs0%0
Diversified REITs-0.97%
Healthcare REITs-2.34%
Industrial REITs-3.10%
Residential REITs-3.15%
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€62.600.8%
+€7.5m
0.2%PB0.8x
WEHB Wereldhave Belgium€53.201.1%
+€5.6m
17.4%PB0.7x
ASCE Ascencio€48.650.5%
+€1.6m
5.9%PB0.7x

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