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Spanish (IBEX) REITS Industry Analysis
UpdatedAug 18, 2025
DataAggregated Company Financials
Companies29
- 7D-1.2%
- 3M13.3%
- 1Y13.7%
- YTD16.9%
Over the last 7 days, the REITS industry has dropped 1.9%, driven by a pullback from MERLIN Properties SOCIMI of 2.7%. In the past year, the industry has gained 14%. As for the next few years, earnings are expected to grow by 6.0% per annum.
Industry Valuation and Performance
Has the Spanish REITS Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 18 Aug 2025 | €10.3b | €788.9m | €847.3m | 28.1x | 12.2x | 13.1x |
| Wed, 16 Jul 2025 | €9.4b | €762.4m | €480.5m | 24.6x | 19.5x | 12.3x |
| Fri, 13 Jun 2025 | €9.1b | €762.4m | €480.5m | 24.3x | 18.9x | 11.9x |
| Sun, 11 May 2025 | €8.6b | €752.6m | €450.2m | 26.4x | 19.1x | 11.4x |
| Tue, 08 Apr 2025 | €7.8b | €734.2m | €216.0m | 32.7x | 36.1x | 10.6x |
| Thu, 06 Mar 2025 | €8.5b | €733.5m | €210.0m | 35.6x | 40.4x | 11.6x |
| Sat, 01 Feb 2025 | €9.2b | €715.5m | €56.9m | 39.7x | 161.5x | 12.8x |
| Mon, 30 Dec 2024 | €8.4b | €707.2m | €54.2m | 39.7x | 155.7x | 11.9x |
| Wed, 27 Nov 2024 | €8.4b | €708.0m | €51.1m | 39.9x | 164.9x | 11.9x |
| Fri, 25 Oct 2024 | €8.7b | €695.9m | €17.4m | 28.7x | 500.4x | 12.5x |
| Sun, 22 Sep 2024 | €9.1b | €695.7m | €17.1m | 27.9x | 533x | 13.1x |
| Tue, 20 Aug 2024 | €8.9b | €694.7m | €17.1m | 27.5x | 520.9x | 12.8x |
| Thu, 18 Jul 2024 | €7.7b | €721.5m | -€174,527,436.00 | 22.6x | -44.2x | 10.7x |
| Sat, 15 Jun 2024 | €7.9b | €721.0m | -€171,605,412.00 | 21.4x | -45.9x | 10.9x |
| Mon, 13 May 2024 | €7.9b | €719.8m | -€3,685,404.00 | 20.6x | -2141.1x | 11x |
| Wed, 10 Apr 2024 | €7.5b | €716.4m | -€7,622,014.00 | 30.7x | -982.4x | 10.5x |
| Fri, 08 Mar 2024 | €6.9b | €714.9m | -€8,672,055.00 | 40.3x | -800.2x | 9.7x |
| Sun, 04 Feb 2024 | €7.6b | €913.1m | -€149,906,314.00 | 27.5x | -50.7x | 8.3x |
| Tue, 02 Jan 2024 | €7.7b | €911.5m | -€147,684,544.00 | 21.5x | -52.5x | 8.5x |
| Thu, 30 Nov 2023 | €7.4b | €914.8m | -€132,872,941.00 | 30.7x | -55.5x | 8.1x |
| Sat, 28 Oct 2023 | €6.6b | €911.7m | -€119,196,004.00 | 30.7x | -55.5x | 7.3x |
| Mon, 25 Sep 2023 | €6.8b | €911.7m | -€119,196,004.00 | 30.7x | -57.1x | 7.5x |
| Wed, 23 Aug 2023 | €6.8b | €911.0m | -€91,572,004.00 | 32.3x | -74x | 7.4x |
| Fri, 21 Jul 2023 | €7.1b | €877.2m | €262.4m | 33.8x | 26.9x | 8.1x |
| Sun, 18 Jun 2023 | €6.9b | €875.4m | €308.5m | 32.3x | 22.3x | 7.9x |
| Tue, 16 May 2023 | €6.6b | €872.1m | €284.3m | 29.9x | 23.1x | 7.5x |
| Thu, 13 Apr 2023 | €6.7b | €837.9m | €298.7m | 23.4x | 22.4x | 8x |
| Sat, 11 Mar 2023 | €17.0b | €1.5b | €496.7m | 28.4x | 34.3x | 11.6x |
| Mon, 06 Feb 2023 | €17.8b | €1.5b | €1.9b | 25.7x | 9.3x | 11.7x |
| Wed, 04 Jan 2023 | €17.2b | €1.5b | €1.9b | 23.9x | 9.1x | 11.6x |
| Fri, 02 Dec 2022 | €17.1b | €1.6b | €1.9b | 24.1x | 8.8x | 10.8x |
| Sun, 30 Oct 2022 | €16.6b | €1.5b | €1.8b | 21.7x | 9.2x | 11.1x |
| Tue, 27 Sep 2022 | €16.1b | €1.5b | €1.8b | 23.5x | 9x | 10.8x |
| Thu, 25 Aug 2022 | €17.7b | €1.5b | €1.8b | 20.5x | 9.9x | 11.9x |
Price to Earnings Ratio
9.9x
Current Industry PE
- Investors are pessimistic on the Spanish 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 12.2x which is higher than its 3-year average PE of -8.9x.
- The 3-year average PS ratio of 10.4x is lower than the industry's current PS ratio of 13.1x.
Past Earnings Growth
- The earnings for companies in the REITs industry have declined 22% per year over the last three years,
- Revenues have also declined 19% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Trends
Which industries have driven the changes within the Spanish Real Estate industry?
| ES Market | 2.62% | |
| Real Estate | -0.12% | |
| REITS | -1.16% | |
| Hotel and Resort REITs | 4.47% | |
| Industrial REITs | 0% | 0 |
| Retail REITs | 0% | 0 |
| Healthcare REITs | 0% | 0 |
| Residential REITs | -0.0099% | |
| Office REITs | -0.60% | |
| Diversified REITs | -1.16% | |
Industry PE
- Investors are most optimistic about the Retail REITs industry even though it's trading below its 3-year average PE ratio of 35.7x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
- Analysts are most optimistic on the Hotel and Resort REITs industry, expecting annual earnings growth of 28% over the next 5 years.
- However this is lower than its past earnings growth rate of 194% per year.
- In contrast, the Office REITs industry is expected to see its earnings decline by 6.4% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| YTRM Torimbia Socimi | €22.60 | 1.8% +€2.0m | -1.7% | n/a | |
| YIBI Ibi Lion Socimi | €1.09 | 0.9% +€709.4k | 6.9% | n/a | |
| YGOP Gop Properties Socimi | €16.10 | 0.6% +€585.9k | 5.9% | PB0.8x |