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Spanish (IBEX) REITS Industry Analysis
UpdatedApr 15, 2025
DataAggregated Company Financials
Companies24
- 7D4.4%
- 3M-6.9%
- 1Y-4.5%
- YTD-5.5%
Over the last 7 days, the REITS industry has risen 4.4%, driven by gains from MERLIN Properties SOCIMI of 6.9%. In contrast, the industry has lost 4.5% in the last 12 months. Earnings are forecast to grow by 24% 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 |
|---|---|---|---|---|---|---|
| Tue, 15 Apr 2025 | €8.1b | €734.2m | €216.0m | 32.9x | 37.7x | 11.1x |
| Thu, 13 Mar 2025 | €8.3b | €733.5m | €210.0m | 36.1x | 39.7x | 11.4x |
| Sat, 08 Feb 2025 | €9.1b | €715.5m | €56.9m | 39.7x | 159x | 12.7x |
| Mon, 06 Jan 2025 | €8.5b | €707.2m | €54.2m | 40x | 156.8x | 12x |
| Wed, 04 Dec 2024 | €8.5b | €708.0m | €51.1m | 40.1x | 165.9x | 12x |
| Fri, 01 Nov 2024 | €8.5b | €696.3m | €20.9m | 28.7x | 409x | 12.3x |
| Sun, 29 Sep 2024 | €9.2b | €695.7m | €17.1m | 27.9x | 537.9x | 13.2x |
| Tue, 27 Aug 2024 | €9.0b | €694.7m | €17.1m | 27.8x | 526.6x | 12.9x |
| Thu, 25 Jul 2024 | €7.7b | €696.5m | €5.8m | 27x | 1336x | 11.1x |
| Sat, 22 Jun 2024 | €7.9b | €721.2m | -€171,103,523.00 | 21.4x | -45.9x | 10.9x |
| Mon, 20 May 2024 | €8.0b | €719.8m | -€3,685,404.00 | 21x | -2166.1x | 11.1x |
| Wed, 17 Apr 2024 | €7.6b | €716.4m | -€7,622,014.00 | 30.7x | -990.8x | 10.5x |
| Fri, 15 Mar 2024 | €7.0b | €715.5m | -€8,672,055.00 | 40.3x | -805.3x | 9.8x |
| Sun, 11 Feb 2024 | €7.4b | €812.2m | -€166,647,055.00 | 40.1x | -44.5x | 9.1x |
| Tue, 09 Jan 2024 | €7.5b | €912.0m | -€147,482,663.00 | 21.5x | -51.2x | 8.3x |
| Thu, 07 Dec 2023 | €7.6b | €914.8m | -€132,872,941.00 | 30.7x | -57.1x | 8.3x |
| Sat, 04 Nov 2023 | €7.0b | €911.7m | -€119,196,004.00 | 30.7x | -59.1x | 7.7x |
| Mon, 02 Oct 2023 | €6.8b | €911.7m | -€119,196,004.00 | 30.7x | -57.1x | 7.5x |
| Wed, 30 Aug 2023 | €6.9b | €911.0m | -€91,572,004.00 | 32.3x | -75.4x | 7.6x |
| Fri, 28 Jul 2023 | €7.1b | €877.2m | €262.4m | 33.8x | 27x | 8.1x |
| Sun, 25 Jun 2023 | €6.7b | €876.1m | €309.1m | 33.8x | 21.6x | 7.6x |
| Tue, 23 May 2023 | €6.6b | €876.9m | €309.6m | 29.9x | 21.3x | 7.5x |
| Thu, 20 Apr 2023 | €6.8b | €856.1m | €305.1m | 20x | 22.2x | 7.9x |
| Sat, 18 Mar 2023 | €16.7b | €1.5b | €500.5m | 28.6x | 33.5x | 11.4x |
| Mon, 13 Feb 2023 | €17.7b | €1.5b | €1.9b | 26x | 9.2x | 11.6x |
| Wed, 11 Jan 2023 | €17.2b | €1.5b | €1.9b | 24.9x | 9x | 11.3x |
| Fri, 09 Dec 2022 | €17.1b | €1.6b | €1.9b | 23.7x | 8.8x | 10.8x |
| Sun, 06 Nov 2022 | €16.6b | €1.6b | €1.9b | 23.6x | 8.9x | 10.6x |
| Tue, 04 Oct 2022 | €16.2b | €1.5b | €1.8b | 23.2x | 9.1x | 10.9x |
| Thu, 01 Sep 2022 | €17.4b | €1.5b | €1.8b | 20.5x | 9.7x | 11.7x |
| Sat, 30 Jul 2022 | €18.3b | €1.5b | €1.6b | 20.5x | 11.7x | 12.5x |
| Mon, 27 Jun 2022 | €18.2b | €1.6b | €1.4b | 23.6x | 12.8x | 11.5x |
| Wed, 25 May 2022 | €19.0b | €1.6b | €1.3b | 24.9x | 14.4x | 12.1x |
| Fri, 22 Apr 2022 | €19.5b | €1.5b | €1.3b | 27.4x | 15.5x | 12.6x |
Price to Earnings Ratio
15.5x
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 37.7x which is higher than its 3-year average PE of -9.8x.
- The industry is trading close to its 3-year average PS ratio of 10.5x.
Past Earnings Growth
- The earnings for companies in the REITs industry have declined 44% 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 | 6.54% | |
| Real Estate | 2.83% | |
| REITS | 4.38% | |
| Diversified REITs | 4.38% | |
| Office REITs | 3.21% | |
| Industrial REITs | 0% | 0 |
| Healthcare REITs | 0% | 0 |
| Retail REITs | -0.18% | |
| Hotel and Resort REITs | -0.21% | |
| Residential REITs | -0.32% | |
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 23.8%, which is higher than its past year's earnings growth of 21.5% per year.
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 46% per year.
- In contrast, the Office REITs industry is expected to see its earnings grow by 11% 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 | €9.32 | 6.9% +€340.3m | -6.6% | PB0.7x | |
| YIBI Ibi Lion Socimi | €1.08 | 1.9% +€1.3m | 1.9% | n/a | |
| YVIT Vitruvio Real Estate SOCIMI | €15.10 | 0.7% +€959.2k | 11.9% | PB1.3x | |
| YGOP Gop Properties Socimi | €15.70 | 0.6% +€585.9k | 4.0% | PB0.8x | |
| YTCH Techo Hogar SOCIMI | €1.05 | 1.0% +€398.3k | n/a | n/a |