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Spanish (IBEX) REITS Industry Analysis

UpdatedMay 21, 2026
DataAggregated Company Financials
Companies30
  • 7D0.04%
  • 3M4.3%
  • 1Y26.1%
  • YTD13.0%

The REITS industry has stayed flat over the last week. As for the the longer term, the industry is up 24% over the past 12 months. Looking forward, earnings are forecast to grow by 15% annually.

Industry Valuation and Performance

Has the Spanish REITS Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 21 May 2026€12.6b€860.6m€1.0b26.4x12.3x14.7x
Sat, 18 Apr 2026€13.1b€839.2m€1.0b23.3x12.8x15.6x
Mon, 16 Mar 2026€11.1b€858.2m€1.0b21.1x10.8x12.9x
Wed, 11 Feb 2026€10.9b€824.3m€883.8m21.1x12.3x13.2x
Fri, 09 Jan 2026€10.6b€824.3m€883.8m21.6x12x12.9x
Sun, 07 Dec 2025€10.4b€833.0m€885.2m23.9x11.8x12.5x
Tue, 04 Nov 2025€10.7b€789.4m€886.4m27.2x12.1x13.6x
Thu, 02 Oct 2025€10.3b€788.9m€847.3m27.9x12.1x13x
Sat, 30 Aug 2025€10.2b€788.9m€847.3m28.1x12.1x13x
Mon, 28 Jul 2025€9.6b€766.4m€480.6m28.1x20.1x12.6x
Wed, 25 Jun 2025€9.2b€762.4m€480.5m24.5x19.2x12.1x
Fri, 23 May 2025€8.9b€761.4m€478.6m23.9x18.5x11.6x
Sun, 20 Apr 2025€8.3b€734.5m€219.0m32.9x38.1x11.4x
Tue, 18 Mar 2025€8.4b€733.5m€210.0m36.1x40.1x11.5x
Thu, 13 Feb 2025€9.0b€716.6m€59.8m39.7x150.8x12.6x
Sat, 11 Jan 2025€8.5b€707.2m€54.2m39.9x156.3x12x
Mon, 09 Dec 2024€8.6b€707.2m€54.2m40.6x158.9x12.2x
Wed, 06 Nov 2024€8.4b€696.2m€19.0m42.5x444x12.1x
Fri, 04 Oct 2024€8.9b€695.7m€17.1m28.1x522.4x12.8x
Sun, 01 Sep 2024€8.9b€694.7m€17.1m27.8x521.4x12.8x
Tue, 30 Jul 2024€7.9b€696.5m€5.8m27x1361.8x11.3x
Thu, 27 Jun 2024€7.7b€721.5m-€174,527,436.0022.6x-44.3x10.7x
Sat, 25 May 2024€7.9b€727.7m-€161,671,083.0021.4x-48.9x10.9x
Mon, 22 Apr 2024€7.7b€716.4m-€7,622,014.0030.7x-1005.4x10.7x
Wed, 20 Mar 2024€7.2b€715.5m-€8,672,055.0040.3x-826.4x10x
Fri, 16 Feb 2024€7.5b€810.9m-€166,647,055.0040.1x-44.9x9.2x
Sun, 14 Jan 2024€7.5b€912.0m-€147,482,663.0021.5x-51x8.2x
Tue, 12 Dec 2023€7.6b€913.5m-€148,590,941.0030.7x-50.9x8.3x
Thu, 09 Nov 2023€7.0b€911.6m-€119,247,941.0030.7x-58.8x7.7x
Sat, 07 Oct 2023€6.8b€911.7m-€119,196,004.0030.7x-56.7x7.4x
Mon, 04 Sep 2023€6.9b€911.0m-€91,572,004.0032.3x-75.4x7.6x
Wed, 02 Aug 2023€7.0b€911.0m-€91,572,004.0032.3x-76.9x7.7x
Fri, 30 Jun 2023€6.8b€877.1m€309.9m33.8x21.8x7.7x
Sun, 28 May 2023€6.7b€876.9m€309.6m29.9x21.6x7.6x
Price to Earnings Ratio

21.6x


Total Market Cap: €6.7bTotal Earnings: €309.6mTotal Revenue: €876.9mTotal Market Cap vs Earnings and Revenue0%0%0%
Spanish REITS Industry Price to Earnings3Y Average -9.3x202420252026
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 -9.3x.
  • The 3-year average PS ratio of 11.2x is lower than the industry's current PS ratio of 14.5x.
Past Earnings Growth
  • The earnings for companies in the REITs industry have grown 49% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Trends

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

ES Market2.08%
Real Estate0.028%
REITS0.04%
Office REITs3.39%
Residential REITs0.62%
Hotel and Resort REITs0.06%
Diversified REITs0.04%
Industrial REITs0%0
Healthcare REITs0%0
Retail REITs-0.29%
Industry PE
  • Investors are most optimistic about the Retail REITs industry even though it's trading below its 3-year average PE ratio of 32.3x.
    • 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 Diversified REITs industry, expecting annual earnings growth of 15% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Hotel and Resort REITs industry is expected to see its earnings decline by 9.5% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
MRL MERLIN Properties SOCIMI€14.660.07%
+€6.2m
37.9%PB1x
YVIT Vitruvio Real Estate SOCIMI€17.801.7%
+€4.5m
13.4%PB1.3x
YGOP Gop Properties Socimi€17.100.6%
+€603.9k
9.6%PB0.8x
YTCH TECHO HOGAR SOCIMI Sociedad de Beneficio e Interés Común€1.120.9%
+€477.9k
6.7%n/a

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