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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?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 09 Jul 2025 | €2.5b | €304.3m | €238.6m | 8.3x | 10.3x | 8.1x |
| Fri, 06 Jun 2025 | €2.4b | €304.3m | €238.6m | 8.3x | 10x | 7.9x |
| Sun, 04 May 2025 | €2.4b | €303.0m | €197.2m | 12.3x | 12x | 7.8x |
| Tue, 01 Apr 2025 | €2.3b | €307.4m | €197.5m | 11.3x | 11.6x | 7.5x |
| Thu, 27 Feb 2025 | €2.3b | €307.5m | €202.6m | 11.2x | 11.2x | 7.4x |
| Sat, 25 Jan 2025 | €1.8b | €307.5m | €202.6m | 10.6x | 8.7x | 5.8x |
| Mon, 23 Dec 2024 | €1.8b | €300.0m | €202.6m | 10.9x | 8.8x | 5.9x |
| Wed, 20 Nov 2024 | €1.8b | €303.9m | €243.4m | 7.4x | 7.4x | 6x |
| Fri, 18 Oct 2024 | €1.9b | €304.0m | €244.0m | 7.8x | 7.9x | 6.4x |
| Sun, 15 Sep 2024 | €2.0b | €304.0m | €244.0m | 8.2x | 8.3x | 6.7x |
| Tue, 13 Aug 2024 | €1.9b | €305.1m | €226.1m | 10x | 8.5x | 6.3x |
| Thu, 11 Jul 2024 | €1.9b | €303.2m | €179.1m | 13.3x | 10.5x | 6.2x |
| Sat, 08 Jun 2024 | €1.9b | €303.3m | €179.1m | 13.6x | 10.6x | 6.3x |
| Mon, 06 May 2024 | €1.9b | €296.5m | €213.2m | 13.6x | 9x | 6.5x |
| Wed, 03 Apr 2024 | €1.9b | €293.6m | €221.7m | 13.5x | 8.6x | 6.5x |
| Fri, 01 Mar 2024 | €1.8b | €293.6m | €221.7m | 13.5x | 8x | 6x |
| Sun, 28 Jan 2024 | €1.8b | €289.6m | €251.2m | 11x | 7.3x | 6.4x |
| Tue, 26 Dec 2023 | €1.9b | €281.8m | €251.2m | 10.9x | 7.6x | 6.8x |
| Thu, 23 Nov 2023 | €1.8b | €288.0m | €269.6m | 10.6x | 6.8x | 6.4x |
| Sat, 21 Oct 2023 | €1.7b | €280.9m | €290.4m | 10.2x | 5.7x | 5.9x |
| Mon, 18 Sep 2023 | €1.7b | €280.9m | €290.4m | 10.6x | 6x | 6.2x |
| Wed, 16 Aug 2023 | €1.8b | €276.8m | €313.8m | 6.3x | 5.7x | 6.4x |
| Fri, 14 Jul 2023 | €1.8b | €273.2m | €331.2m | 5.9x | 5.4x | 6.6x |
| Sun, 11 Jun 2023 | €1.9b | €273.2m | €331.2m | 6.1x | 5.7x | 6.8x |
| Tue, 09 May 2023 | €1.9b | €264.7m | €368.2m | 6.7x | 5.3x | 7.3x |
| Thu, 06 Apr 2023 | €1.9b | €262.7m | €365.2m | 8.7x | 5.3x | 7.4x |
| Sat, 04 Mar 2023 | €2.1b | €262.7m | €365.2m | 9.1x | 5.6x | 7.8x |
| Mon, 30 Jan 2023 | €1.9b | €260.4m | €366.8m | 7.6x | 5.3x | 7.5x |
| Wed, 28 Dec 2022 | €1.8b | €253.5m | €366.8m | 7.1x | 5x | 7.3x |
| Fri, 25 Nov 2022 | €1.9b | €259.6m | €363.6m | 7.4x | 5.2x | 7.3x |
| Sun, 23 Oct 2022 | €1.7b | €255.8m | €300.3m | 7x | 5.8x | 6.8x |
| Tue, 20 Sep 2022 | €1.8b | €256.7m | €286.6m | 6.6x | 6.2x | 6.9x |
| Thu, 18 Aug 2022 | €1.9b | €256.0m | €269.7m | 7.2x | 7.2x | 7.6x |
| Sat, 16 Jul 2022 | €1.9b | €253.9m | €245.8m | 8.8x | 7.6x | 7.4x |
Price to Earnings Ratio
7.6x
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 REITs | 0.35% | |
| Office REITs | 0% | 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| RET Retail Estates | €62.60 | 0.8% +€7.5m | 0.2% | PB0.8x | |
| WEHB Wereldhave Belgium | €53.20 | 1.1% +€5.6m | 17.4% | PB0.7x | |
| ASCE Ascencio | €48.65 | 0.5% +€1.6m | 5.9% | PB0.7x |