Spanish (IBEX) REITS Industry Analysis
UpdatedApr 25, 2024
DataAggregated Company Financials
Companies21
- 7D2.0%
- 3M8.0%
- 1Y19.4%
- YTD6.3%
In the last week, the REITS industry is up 2.0%, with MERLIN Properties SOCIMI up 3.3%. This takes the industry's 12 month performance to a gain of 19%. Looking forward, earnings are forecast to grow by 53% 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 |
|---|---|---|---|---|---|---|
| Thu, 25 Apr 2024 | €7.7b | €717.1m | -€8,208,464.00 | 30.7x | -941x | 10.8x |
| Sat, 23 Mar 2024 | €7.3b | €715.5m | -€8,672,055.00 | 40.3x | -845.6x | 10.2x |
| Mon, 19 Feb 2024 | €7.5b | €810.9m | -€166,647,055.00 | 40.1x | -44.9x | 9.2x |
| Wed, 17 Jan 2024 | €7.6b | €912.0m | -€147,482,663.00 | 21.8x | -51.3x | 8.3x |
| Fri, 15 Dec 2023 | €7.7b | €911.4m | -€148,590,941.00 | 30.7x | -52.1x | 8.5x |
| Sun, 12 Nov 2023 | €7.0b | €911.6m | -€119,247,941.00 | 30.7x | -58.6x | 7.7x |
| Tue, 10 Oct 2023 | €6.7b | €911.7m | -€119,196,004.00 | 30.7x | -56.5x | 7.4x |
| Thu, 07 Sep 2023 | €6.9b | €911.0m | -€91,572,004.00 | 32.3x | -75.5x | 7.6x |
| Sat, 05 Aug 2023 | €7.1b | €911.0m | -€91,572,004.00 | 32.3x | -77.1x | 7.8x |
| Mon, 03 Jul 2023 | €6.8b | €880.1m | €311.8m | 33.8x | 21.9x | 7.8x |
| Wed, 31 May 2023 | €6.7b | €876.9m | €309.6m | 29.7x | 21.7x | 7.6x |
| Fri, 28 Apr 2023 | €6.7b | €856.6m | €305.7m | 20x | 21.9x | 7.8x |
| Sun, 26 Mar 2023 | €6.6b | €837.9m | €298.7m | 23.4x | 22x | 7.9x |
| Tue, 21 Feb 2023 | €17.7b | €1.5b | €1.8b | 27.4x | 9.6x | 11.7x |
| Thu, 19 Jan 2023 | €17.5b | €1.5b | €1.9b | 25.5x | 9.1x | 11.5x |
| Sat, 17 Dec 2022 | €17.1b | €1.6b | €1.9b | 24.4x | 8.8x | 10.8x |
| Mon, 14 Nov 2022 | €17.2b | €1.6b | €1.9b | 23.6x | 9x | 10.9x |
| Wed, 12 Oct 2022 | €15.9b | €1.5b | €1.8b | 23.2x | 8.9x | 10.7x |
| Fri, 09 Sep 2022 | €17.3b | €1.5b | €1.8b | 20.5x | 9.7x | 11.6x |
| Sun, 07 Aug 2022 | €17.9b | €1.5b | €1.7b | 20.5x | 10.2x | 12x |
| Tue, 05 Jul 2022 | €17.5b | €1.4b | €1.4b | 22.8x | 12.5x | 12.2x |
| Thu, 02 Jun 2022 | €18.8b | €1.6b | €1.4b | 25.9x | 13.7x | 11.8x |
| Sat, 30 Apr 2022 | €19.1b | €1.5b | €1.3b | 27.6x | 15.2x | 12.4x |
| Mon, 28 Mar 2022 | €19.5b | €1.5b | €1.2b | 30.7x | 15.7x | 12.6x |
| Wed, 23 Feb 2022 | €18.7b | €1.5b | €590.6m | 31.8x | 31.7x | 12.6x |
| Fri, 21 Jan 2022 | €19.1b | €1.5b | €584.9m | 29.7x | 32.7x | 12.8x |
| Sun, 19 Dec 2021 | €18.7b | €1.5b | €561.4m | 30.2x | 33.4x | 12.9x |
| Tue, 16 Nov 2021 | €19.3b | €1.5b | €577.4m | 29.4x | 33.4x | 13.1x |
| Thu, 14 Oct 2021 | €18.8b | €1.5b | €535.4m | 32.7x | 35.1x | 12.8x |
| Sat, 11 Sep 2021 | €18.1b | €1.5b | €497.3m | 31.9x | 36.4x | 12x |
| Mon, 09 Aug 2021 | €18.6b | €1.5b | €492.3m | 30.9x | 37.8x | 12.2x |
| Sun, 02 May 2021 | €17.7b | €1.5b | €189.8m | 34.6x | 93.2x | 11.7x |
Price to Earnings Ratio
93.2x
Current Industry PE
- Investors are relatively neutral on the Spanish REITs industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PS ratio of 10.6x.
Past Earnings Growth
- Total earnings for the REITs industry have declined over the last three years, with the industry now making a loss overall.
- Revenues have also declined 22% per year, which is driving profits down.
Industry Trends
Which industries have driven the changes within the Spanish Real Estate industry?
| ES Market | 3.29% | |
| Real Estate | 1.20% | |
| REITS | 2.03% | |
| Hotel and Resort REITs | 7.81% | |
| Office REITs | 2.10% | |
| Diversified REITs | 2.03% | |
| Healthcare REITs | 1.01% | |
| Residential REITs | 0.085% | |
| Industrial REITs | 0% | |
| Specialized REITs | 0% | |
| Retail REITs | -1.42% | |
Industry PE
- Investors are most optimistic about the Retail REITs industry, which is trading close to its 3-year average PE ratio of 40.8x.
- Analysts are expecting annual earnings growth of 16.6%, which is higher than its past year's earnings decline of 18.6% per year.
Forecasted Growth
- Analysts are most optimistic on the Hotel and Resort REITs industry, expecting annual earnings growth of 136% over the next 5 years.
- This is better than its past earnings growth rate of 63% per year.
- In contrast, the Residential REITs industry is expected to see its earnings decline by 65% 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 | €10.34 | 3.3% +€154.6m | 32.0% | PB0.7x |