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Spanish (IBEX) REITS Industry Analysis

UpdatedFeb 29, 2024
DataAggregated Company Financials
Companies21
  • 7D-2.2%
  • 3M1.8%
  • 1Y3.2%
  • YTD-2.8%

Over the last 7 days, the REITS industry has dropped 2.2%, driven by pullbacks from every company within the industry. This takes the industry's 12 month performance to a gain of 3.2%. Earnings are forecast to grow by 77% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 29 Feb 2024€7.3b€810.9m-€166,647,055.0040.1x-44.1x9.1x
Sat, 27 Jan 2024€7.6b€912.7m-€148,641,314.0027.2x-51.4x8.4x
Mon, 25 Dec 2023€7.8b€911.4m-€148,590,941.0030.7x-52.2x8.5x
Wed, 22 Nov 2023€7.2b€892.8m-€134,599,941.0030.7x-53.7x8.1x
Fri, 20 Oct 2023€6.7b€911.7m-€119,196,004.0030.7x-56.1x7.3x
Sun, 17 Sep 2023€6.9b€911.7m-€119,196,004.0030.7x-57.7x7.5x
Tue, 15 Aug 2023€7.0b€911.0m-€91,572,004.0032.3x-76.2x7.7x
Thu, 13 Jul 2023€7.0b€877.2m€262.4m33.8x26.5x7.9x
Sat, 10 Jun 2023€6.9b€876.3m€308.5m32.8x22.5x7.9x
Mon, 08 May 2023€6.6b€864.7m€292.8m29.5x22.4x7.6x
Wed, 05 Apr 2023€6.7b€837.9m€298.7m23.4x22.5x8x
Fri, 03 Mar 2023€17.5b€1.3b€527.8m28.4x33.1x13.1x
Sun, 29 Jan 2023€17.5b€1.5b€1.9b25.5x9.1x11.5x
Tue, 27 Dec 2022€17.0b€1.6b€1.9b23.7x8.7x10.8x
Thu, 24 Nov 2022€17.1b€1.6b€1.9b22.1x8.8x10.9x
Sat, 22 Oct 2022€16.0b€1.5b€1.8b23.2x9x10.8x
Mon, 19 Sep 2022€17.2b€1.5b€1.8b20.7x9.6x11.6x
Wed, 17 Aug 2022€18.2b€1.5b€1.8b20.5x10.2x12.3x
Fri, 15 Jul 2022€17.6b€1.4b€1.4b23.7x12.5x12.2x
Sun, 12 Jun 2022€18.6b€1.6b€1.4b26x13.5x11.7x
Tue, 10 May 2022€18.9b€1.5b€1.3b27x14.8x12.2x
Thu, 07 Apr 2022€19.2b€1.5b€1.3b27x15.3x12.4x
Sat, 05 Mar 2022€18.0b€1.5b€1.2b31.5x15x11.8x
Mon, 31 Jan 2022€18.8b€1.5b€584.9m30.3x32.2x12.6x
Wed, 29 Dec 2021€18.8b€1.5b€571.6m28.8x32.8x12.7x
Fri, 26 Nov 2021€19.3b€1.5b€576.4m29.4x33.5x13.2x
Sun, 24 Oct 2021€18.8b€1.5b€537.1m35.3x35.1x12.8x
Tue, 21 Sep 2021€18.2b€1.5b€490.3m28.6x37.2x12.5x
Thu, 19 Aug 2021€18.7b€1.5b€492.3m30.9x37.9x12.3x
Thu, 03 Jun 2021€18.3b€1.5b€189.8m34.3x96.6x12.2x
Sun, 07 Mar 2021€17.2b€1.5b€184.3m34.8x93.6x11.3x
Price to Earnings Ratio

93.6x


Total Market Cap: €17.2bTotal Earnings: €184.3mTotal Revenue: €1.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Spanish REITS Industry Price to Earnings3Y Average 11.5x202220232024
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 3-year average PS ratio of 10.7x is higher than the industry's current PS ratio of 9.1x.
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 19% per year, which is driving profits down.

Industry Trends

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

ES Market-0.46%
Real Estate-0.69%
REITS-2.19%
Hotel and Resort REITs0.45%
Industrial REITs0%
Specialized REITs0%
Healthcare REITs0%
Retail REITs-0.048%
Residential REITs-0.095%
Office REITs-0.59%
Diversified REITs-2.19%
Industry PE
  • Investors are most optimistic about the Retail REITs industry which is trading above its 3-year average PE ratio of 41.0x.
    • 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 Office REITs industry, expecting annual earnings growth of 78% over the next 5 years.
  • This is better than its past earnings decline of 1.1% 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?

CompanyLast Price7D1YValuation
No data available
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Latest News

LRE

€6.32

Lar España Real Estate SOCIMI

7D

-0.6%

1Y

19.7%

MRL

€8.86

MERLIN Properties SOCIMI

7D

-4.0%

1Y

0.3%

YHSP

€5.75

Hispanotels Inversiones Socimi

7D

-0.9%

1Y

-0.9%

YVIT

€13.50

Vitruvio Real Estate SOCIMI

7D

-1.5%

1Y

19.5%