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Spanish (IBEX) REITS Industry Analysis
UpdatedNov 18, 2025
DataAggregated Company Financials
Companies30
- 7D-2.6%
- 3M-0.3%
- 1Y19.1%
- YTD15.4%
Over the last 7 days, the REITS industry has dropped 2.6%, driven by a pullback from MERLIN Properties SOCIMI of 3.8%. In the past year, the industry has gained 19%. Earnings are forecast to grow by 6.7% 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, 18 Nov 2025 | €10.6b | €834.2m | €885.5m | 24.7x | 12x | 12.8x |
| Thu, 16 Oct 2025 | €10.5b | €789.2m | €847.9m | 27.2x | 12.4x | 13.3x |
| Sat, 13 Sep 2025 | €10.4b | €788.9m | €847.3m | 28.1x | 12.2x | 13.1x |
| Mon, 11 Aug 2025 | €10.5b | €787.9m | €847.3m | 28.1x | 12.4x | 13.4x |
| Wed, 09 Jul 2025 | €9.2b | €762.4m | €480.5m | 24.5x | 19.1x | 12x |
| Fri, 06 Jun 2025 | €8.9b | €761.4m | €478.6m | 24.1x | 18.6x | 11.7x |
| Sun, 04 May 2025 | €8.6b | €734.7m | €216.6m | 33.7x | 39.7x | 11.7x |
| Tue, 01 Apr 2025 | €8.4b | €734.2m | €216.0m | 30.9x | 39.1x | 11.5x |
| Thu, 27 Feb 2025 | €8.9b | €716.6m | €55.6m | 39.7x | 160.3x | 12.4x |
| Sat, 25 Jan 2025 | €9.0b | €715.5m | €56.9m | 39.7x | 158.4x | 12.6x |
| Mon, 23 Dec 2024 | €8.3b | €707.2m | €54.2m | 39.4x | 154x | 11.8x |
| Wed, 20 Nov 2024 | €8.3b | €708.0m | €51.1m | 39.6x | 163.3x | 11.8x |
| Fri, 18 Oct 2024 | €8.9b | €695.9m | €17.4m | 28.3x | 509.6x | 12.7x |
| Sun, 15 Sep 2024 | €9.2b | €695.7m | €17.1m | 27.9x | 541x | 13.3x |
| Tue, 13 Aug 2024 | €8.7b | €695.7m | €17.1m | 27x | 509.8x | 12.5x |
| Thu, 11 Jul 2024 | €7.8b | €721.5m | -€174,527,436.00 | 22.6x | -44.9x | 10.9x |
| Sat, 08 Jun 2024 | €8.0b | €726.8m | -€171,214,083.00 | 21.4x | -46.9x | 11x |
| Mon, 06 May 2024 | €7.9b | €719.8m | -€3,685,404.00 | 21.4x | -2147x | 11x |
| Wed, 03 Apr 2024 | €7.4b | €716.4m | -€7,622,016.00 | 30.6x | -973.4x | 10.4x |
| Fri, 01 Mar 2024 | €7.3b | €810.9m | -€166,647,055.00 | 40.1x | -43.9x | 9x |
| Sun, 28 Jan 2024 | €7.6b | €913.1m | -€149,906,314.00 | 27.3x | -51x | 8.4x |
| Tue, 26 Dec 2023 | €7.8b | €911.4m | -€148,590,941.00 | 30.7x | -52.2x | 8.5x |
| Thu, 23 Nov 2023 | €7.2b | €892.8m | -€134,599,941.00 | 30.7x | -53.7x | 8.1x |
| Sat, 21 Oct 2023 | €6.7b | €911.7m | -€119,196,004.00 | 30.7x | -56x | 7.3x |
| Mon, 18 Sep 2023 | €6.9b | €911.7m | -€119,196,004.00 | 30.7x | -57.7x | 7.5x |
| Wed, 16 Aug 2023 | €6.9b | €911.0m | -€91,572,004.00 | 32.3x | -75.6x | 7.6x |
| Fri, 14 Jul 2023 | €6.9b | €877.2m | €262.4m | 33.8x | 26.4x | 7.9x |
| Sun, 11 Jun 2023 | €6.9b | €876.3m | €308.5m | 32.8x | 22.5x | 7.9x |
| Tue, 09 May 2023 | €6.6b | €864.7m | €292.8m | 29.5x | 22.4x | 7.6x |
| Thu, 06 Apr 2023 | €6.6b | €837.9m | €298.7m | 23.4x | 22.2x | 7.9x |
| Sat, 04 Mar 2023 | €17.5b | €1.3b | €527.8m | 28.4x | 33.2x | 13.3x |
| Mon, 30 Jan 2023 | €17.5b | €1.5b | €1.9b | 25.5x | 9.1x | 11.5x |
| Wed, 28 Dec 2022 | €17.0b | €1.6b | €1.9b | 23.7x | 8.7x | 10.7x |
| Fri, 25 Nov 2022 | €17.3b | €1.6b | €1.9b | 22.1x | 8.9x | 11x |
Price to Earnings Ratio
8.9x
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 11.7x which is higher than its 3-year average PE of -8.7x.
- The 3-year average PS ratio of 10.6x is lower than the industry's current PS ratio of 12.7x.
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 | -0.21% | |
| Real Estate | -1.74% | |
| REITS | -2.58% | |
| Industrial REITs | 0% | 0 |
| Retail REITs | 0% | 0 |
| Healthcare REITs | 0% | 0 |
| Hotel and Resort REITs | -0.15% | |
| Residential REITs | -0.39% | |
| Office REITs | -2.34% | |
| Diversified REITs | -2.58% | |
Industry PE
- Investors are most optimistic about the Retail REITs industry even though it's trading below its 3-year average PE ratio of 34.9x.
- 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 6.7% over the next 5 years.
- However this is lower than its past earnings growth rate of 38% per year.
- In contrast, the Hotel and Resort REITs industry is expected to see its earnings decline by 34% 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 | €23.60 | 0.9% +€1.0m | 2.6% | n/a | |
| YGOP Gop Properties Socimi | €16.50 | 0.6% +€603.2k | 5.1% | PB0.8x |