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Belgian (BEL20) Retail REITs Industry Analysis

UpdatedJan 10, 2026
DataAggregated Company Financials
Companies5
  • 7D-0.8%
  • 3M2.6%
  • 1Y11.7%
  • YTD-0.8%

Over the last 7 days, the Retail REITs industry has remained flat. As for the the longer term, the industry is up 11% over the past 12 months. As for the next few years, earnings are expected to grow by 8.1% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 10 Jan 2026€2.4b€334.5m€213.8m14.6x11.1x7.1x
Mon, 08 Dec 2025€2.3b€327.0m€213.8m13.9x10.9x7.2x
Wed, 05 Nov 2025€2.3b€333.3m€211.3m14.3x11.1x7x
Fri, 03 Oct 2025€2.4b€333.3m€211.3m14.2x11.2x7.1x
Sun, 31 Aug 2025€2.4b€333.2m€219.0m9.8x11.1x7.3x
Tue, 29 Jul 2025€2.5b€309.1m€201.5m9.1x12.4x8.1x
Thu, 26 Jun 2025€2.4b€304.3m€238.6m8.4x10.1x7.9x
Sat, 24 May 2025€2.4b€304.1m€210.1m8.1x11.5x8x
Mon, 21 Apr 2025€2.3b€307.4m€197.5m11.6x11.5x7.4x
Wed, 19 Mar 2025€2.3b€307.4m€197.5m11.2x11.4x7.3x
Fri, 14 Feb 2025€1.8b€307.5m€202.6m10.8x8.9x5.9x
Sun, 12 Jan 2025€1.8b€307.5m€202.6m10.6x8.8x5.8x
Tue, 10 Dec 2024€1.8b€300.0m€202.6m11x8.9x6x
Thu, 07 Nov 2024€1.8b€303.9m€243.4m7.5x7.5x6x
Sat, 05 Oct 2024€2.0b€304.0m€244.0m7.8x8x6.4x
Mon, 02 Sep 2024€1.9b€304.0m€244.0m7.8x7.9x6.4x
Wed, 31 Jul 2024€1.9b€305.1m€226.1m9.8x8.3x6.2x
Fri, 28 Jun 2024€1.8b€303.2m€179.1m13.3x10.3x6.1x
Sun, 26 May 2024€2.0b€296.6m€214.0m13.6x9.4x6.7x
Tue, 23 Apr 2024€1.9b€296.5m€213.2m13.3x8.8x6.4x
Thu, 21 Mar 2024€1.8b€293.6m€221.7m12.8x8x6.1x
Sat, 17 Feb 2024€1.8b€292.9m€241.6m12.5x7.5x6.2x
Mon, 15 Jan 2024€1.9b€289.6m€251.2m11.2x7.5x6.5x
Wed, 13 Dec 2023€1.9b€281.8m€251.2m11x7.5x6.7x
Fri, 10 Nov 2023€1.8b€281.3m€288.9m10.2x6.3x6.4x
Sun, 08 Oct 2023€1.7b€280.9m€290.4m10x5.7x5.9x
Tue, 05 Sep 2023€1.8b€280.9m€290.4m10.8x6x6.2x
Thu, 03 Aug 2023€1.8b€276.8m€313.8m6.5x5.7x6.5x
Sat, 01 Jul 2023€1.8b€273.2m€331.2m5.9x5.3x6.4x
Mon, 29 May 2023€1.9b€273.2m€331.2m6.1x5.7x6.9x
Wed, 26 Apr 2023€1.9b€264.5m€368.8m6.8x5.3x7.3x
Price to Earnings Ratio

5.4x


Total Market Cap: €2.0bTotal Earnings: €365.2mTotal Revenue: €262.7mTotal Market Cap vs Earnings and Revenue0%0%0%
Belgian Retail REITs Industry Price to Earnings3Y Average 8.7x202420252026
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 11.2x which is higher than its 3-year average PE of 8.7x.
  • The industry is trading close to its 3-year average PS ratio of 6.7x.
Past Earnings Growth
  • The earnings for companies in the Retail REITs industry have declined 16% per year over the last three years.
  • Meanwhile revenues for these companies have grown 8.4% 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 Trends

Which industries have driven the changes within the Belgian Real Estate industry?

BE Market2.76%
Real Estate5.37%
Retail REITs-0.76%
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
ASCE Ascencio€55.202.6%
+€9.2m
19.5%PB0.8x
WEHB Wereldhave Belgium€54.401.1%
+€5.6m
15.7%PB0.7x
QRF Qrf Comm. VA€10.602.9%
+€2.3m
2.9%PB0.7x

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