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Spanish (IBEX) Office REITs Industry Analysis
UpdatedAug 18, 2025
DataAggregated Company Financials
Companies9
- 7D-0.6%
- 3M-1.1%
- 1Y4.3%
- YTD9.2%
Over the last 7 days, the Office REITs industry has dropped 1.1%, driven by a pullback from Inmobiliaria Colonial SOCIMI of 2.6%. In contrast, Emperador Properties SOCIMI has gained 5.3%. This takes the industry's 12 month performance to a gain of 5.1%. In the next few years, earnings are forecast to decline by 6.4% annually.
Industry Valuation and Performance
Has the Spanish Office REITs Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 18 Aug 2025 | €5.6b | €625.9m | €489.3m | 22.4x | 11.5x | 9x |
| Wed, 16 Jul 2025 | €5.7b | €719.2m | €317.4m | 22.2x | 18x | 7.9x |
| Fri, 13 Jun 2025 | €5.9b | €719.2m | €317.4m | 22.9x | 18.5x | 8.2x |
| Sun, 11 May 2025 | €5.6b | €655.7m | €300.2m | 23.4x | 18.7x | 8.5x |
| Tue, 08 Apr 2025 | €4.7b | €653.1m | €306.2m | 22.4x | 15.4x | 7.2x |
| Thu, 06 Mar 2025 | €4.8b | €531.5m | €306.3m | 22.3x | 15.8x | 9.1x |
| Sat, 01 Feb 2025 | €4.9b | €553.5m | -€567,020,753.00 | 23.2x | -8.7x | 8.9x |
| Mon, 30 Dec 2024 | €4.8b | €565.6m | -€555,422,753.00 | 23.1x | -8.6x | 8.4x |
| Wed, 27 Nov 2024 | €4.9b | €565.6m | -€555,422,753.00 | 23.4x | -8.9x | 8.7x |
| Fri, 25 Oct 2024 | €5.2b | €657.3m | -€573,541,655.00 | 23.4x | -9.1x | 7.9x |
| Sun, 22 Sep 2024 | €5.5b | €644.5m | -€585,350,840.00 | 23.1x | -9.5x | 8.6x |
| Tue, 20 Aug 2024 | €5.0b | €643.6m | -€588,910,840.00 | 23.1x | -8.5x | 7.8x |
| Thu, 18 Jul 2024 | €4.9b | €543.3m | -€990,774,052.00 | 23.1x | -5x | 9.1x |
| Sat, 15 Jun 2024 | €4.8b | €541.9m | -€991,373,056.00 | 23.6x | -4.9x | 8.9x |
| Mon, 13 May 2024 | €4.6b | €536.4m | -€1,043,164,523.00 | 23.6x | -4.5x | 8.7x |
| Wed, 10 Apr 2024 | €4.5b | €533.9m | -€1,041,630,523.00 | 22.4x | -4.3x | 8.4x |
| Fri, 08 Mar 2024 | €4.3b | €530.9m | -€1,036,997,501.00 | 20x | -4.1x | 8x |
| Sun, 04 Feb 2024 | €4.5b | €518.7m | -€649,251,613.00 | 17.4x | -6.9x | 8.6x |
| Tue, 02 Jan 2024 | €5.1b | €518.0m | -€649,892,888.00 | 17.9x | -7.8x | 9.8x |
| Thu, 30 Nov 2023 | €4.8b | €518.0m | -€649,892,888.00 | 17.9x | -7.4x | 9.2x |
| Sat, 28 Oct 2023 | €4.3b | €519.0m | -€657,237,836.00 | 18x | -6.5x | 8.2x |
| Mon, 25 Sep 2023 | €4.5b | €519.0m | -€657,237,836.00 | 18x | -6.8x | 8.6x |
| Wed, 23 Aug 2023 | €4.2b | €519.0m | -€657,237,836.00 | 17.9x | -6.4x | 8.1x |
| Fri, 21 Jul 2023 | €4.5b | €511.0m | €132.4m | 20.5x | 33.8x | 8.8x |
| Sun, 18 Jun 2023 | €4.5b | €462.0m | €119.0m | 28.7x | 37.6x | 9.7x |
| Tue, 16 May 2023 | €4.3b | €397.3m | €23.5m | 114.9x | 183.4x | 10.8x |
| Thu, 13 Apr 2023 | €4.5b | €397.3m | €23.5m | 114.9x | 191.7x | 11.3x |
Price to Earnings Ratio
191x
Current Industry PE
- Investors are pessimistic on the Spanish Office REITs industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 11.5x which is lower than its 3-year average PE of 13.3x.
- The industry is trading close to its 3-year average PS ratio of 8.7x.
Past Earnings Growth
- The earnings for companies in the Office REITs industry have grown 175% per year over the last three years.
- Revenues for these companies have grown 16% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Spanish Real Estate industry?
| ES Market | 2.62% | |
| Real Estate | -0.12% | |
| Office REITs | -0.60% | |
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 | |
|---|---|---|---|---|---|
| YEPSA Emperador Properties SOCIMI | €6.00 | 3.4% +€20.4m | 42.9% | PB1.6x | |
| ARM Árima Real Estate SOCIMI | €7.70 | 1.3% +€2.6m | -8.3% | PB1x | |
| YDOA Inversiones Doalca SOCIMI | €25.20 | 0.8% +€1.2m | -1.6% | PB4.7x |