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Spanish (IBEX) REITS Industry Analysis
UpdatedJan 22, 2025
DataAggregated Company Financials
Companies24
- 7D2.1%
- 3M0.6%
- 1Y12.6%
- YTD3.6%
All of the companies in the REITS industry have been up over the last week, with the industry up 5.0%. This means that the industry has gained 11% over the past year. Earnings are forecast to grow by 33% annually.
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 |
|---|---|---|---|---|---|---|
| Wed, 22 Jan 2025 | €8.9b | €715.5m | €56.9m | 39.7x | 156.4x | 12.4x |
| Fri, 20 Dec 2024 | €8.2b | €707.2m | €54.2m | 39x | 152.1x | 11.7x |
| Sun, 17 Nov 2024 | €8.3b | €708.0m | €51.1m | 39.3x | 161.6x | 11.7x |
| Tue, 15 Oct 2024 | €8.9b | €695.9m | €17.4m | 28.1x | 512.8x | 12.8x |
| Thu, 12 Sep 2024 | €9.1b | €694.7m | €17.1m | 27.8x | 530.3x | 13x |
| Sat, 10 Aug 2024 | €8.7b | €695.7m | €17.1m | 27x | 509.2x | 12.5x |
| Mon, 08 Jul 2024 | €7.9b | €721.5m | -€174,527,436.00 | 22.6x | -45.4x | 11x |
| Wed, 05 Jun 2024 | €8.2b | €727.7m | -€161,671,083.00 | 21.4x | -50.5x | 11.2x |
| Fri, 03 May 2024 | €7.9b | €717.1m | -€8,208,463.00 | 31.2x | -966.2x | 11.1x |
| Sun, 31 Mar 2024 | €7.6b | €716.4m | -€7,622,016.00 | 30.7x | -991.3x | 10.5x |
| Tue, 27 Feb 2024 | €7.5b | €810.9m | -€166,647,055.00 | 40.1x | -45x | 9.3x |
| Thu, 25 Jan 2024 | €7.6b | €912.7m | -€148,641,314.00 | 26.9x | -50.9x | 8.3x |
| Sat, 23 Dec 2023 | €7.8b | €911.4m | -€148,590,941.00 | 30.7x | -52.2x | 8.5x |
| Mon, 20 Nov 2023 | €7.2b | €892.8m | -€134,599,941.00 | 30.7x | -53.7x | 8.1x |
| Wed, 18 Oct 2023 | €6.9b | €911.7m | -€119,196,004.00 | 30.7x | -57.5x | 7.5x |
| Fri, 15 Sep 2023 | €7.0b | €911.7m | -€119,196,004.00 | 30.7x | -58.9x | 7.7x |
| Sun, 13 Aug 2023 | €7.0b | €911.0m | -€91,572,004.00 | 32.3x | -76.4x | 7.7x |
| Tue, 11 Jul 2023 | €6.8b | €880.1m | €311.8m | 33.8x | 21.8x | 7.7x |
| Thu, 08 Jun 2023 | €7.0b | €876.3m | €308.5m | 32.8x | 22.7x | 8x |
| Sat, 06 May 2023 | €6.6b | €856.8m | €305.1m | 20x | 21.5x | 7.6x |
| Mon, 03 Apr 2023 | €6.7b | €837.9m | €298.7m | 23.4x | 22.6x | 8.1x |
| Wed, 01 Mar 2023 | €17.7b | €1.4b | €1.2b | 28x | 14.6x | 12.5x |
| Fri, 27 Jan 2023 | €17.5b | €1.5b | €1.9b | 25.5x | 9.1x | 11.5x |
| Sun, 25 Dec 2022 | €17.0b | €1.6b | €1.9b | 23.7x | 8.7x | 10.8x |
| Tue, 22 Nov 2022 | €17.1b | €1.6b | €1.9b | 22.1x | 8.9x | 10.9x |
| Thu, 20 Oct 2022 | €16.0b | €1.5b | €1.8b | 23.2x | 9x | 10.8x |
| Sat, 17 Sep 2022 | €17.2b | €1.5b | €1.8b | 20.7x | 9.6x | 11.6x |
| Mon, 15 Aug 2022 | €18.2b | €1.5b | €1.7b | 20.5x | 10.4x | 12.3x |
| Wed, 13 Jul 2022 | €17.7b | €1.4b | €1.4b | 23.7x | 12.6x | 12.3x |
| Fri, 10 Jun 2022 | €18.8b | €1.6b | €1.4b | 26.1x | 13.7x | 11.8x |
| Sun, 08 May 2022 | €18.6b | €1.5b | €1.3b | 25.9x | 14.6x | 12x |
| Tue, 05 Apr 2022 | €19.5b | €1.5b | €1.3b | 27x | 15.5x | 12.6x |
| Thu, 03 Mar 2022 | €18.8b | €1.5b | €910.9m | 31.8x | 20.7x | 12.3x |
| Sat, 29 Jan 2022 | €18.8b | €1.5b | €584.9m | 30.3x | 32.2x | 12.6x |
Price to Earnings Ratio
32.2x
Current Industry PE
- Investors are optimistic on the Spanish REITs industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 156x which is higher than its 3-year average PE of -15.2x.
- The 3-year average PS ratio of 10.5x is lower than the industry's current PS ratio of 12.4x.
Past Earnings Growth
- The earnings for companies in the REITs industry have declined 54% per year over the last three years,
- Revenues have also declined 22% 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 | 1.19% | |
| Real Estate | 1.10% | |
| REITS | 2.13% | |
| Office REITs | 2.67% | |
| Diversified REITs | 2.13% | |
| Retail REITs | 0.12% | |
| Industrial REITs | 0% | 0 |
| Specialized REITs | 0% | 0 |
| Healthcare REITs | 0% | 0 |
| Residential REITs | -0.21% | |
| Hotel and Resort REITs | -0.77% | |
Industry PE
- Investors are most optimistic about the Diversified REITs industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 33.3%, which is higher than its past year's earnings growth of 14.8% per year.
Forecasted Growth
- Analysts are most optimistic on the Office REITs industry, expecting annual earnings growth of 42% over the next 5 years.
- This is better than its past earnings decline of 15% per year.
- In contrast, the Residential REITs industry is expected to see its earnings grow by 9.7% 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 | |
|---|---|---|---|---|---|
| MRL MERLIN Properties SOCIMI | €10.72 | 3.1% +€180.0m | 15.3% | PB0.8x | |
| YENT Entrecampos Cuatro Socimi | €1.71 | 5.6% +€4.9m | 0% | PB1.4x | |
| YHSP Hispanotels Inversiones Socimi | €7.15 | 0.7% +€557.4k | 25.4% | PB1.5x | |
| YQUO Quonia Socimi | €1.32 | 1.5% +€542.0k | -2.2% | PB1x |