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Spanish (IBEX) REITS Industry Analysis

UpdatedFeb 17, 2026
DataAggregated Company Financials
Companies30
  • 7D0.7%
  • 3M4.3%
  • 1Y15.6%
  • YTD6.0%

The REITS industry has stayed flat over the last week. The past year has been better, since the industry has gained 16% in that time. Earnings are forecast to grow by 4.0% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 18 Feb 2026€11.0b€824.7m€886.0m21.2x12.4x13.3x
Fri, 16 Jan 2026€10.5b€824.3m€883.8m21.6x11.8x12.7x
Sun, 14 Dec 2025€10.3b€833.9m€885.2m23.9x11.6x12.3x
Tue, 11 Nov 2025€10.9b€836.9m€907.8m24.8x12x13x
Thu, 09 Oct 2025€10.6b€788.9m€847.3m27.9x12.5x13.4x
Sat, 06 Sep 2025€10.1b€788.9m€847.3m28.1x11.9x12.8x
Mon, 04 Aug 2025€9.9b€788.7m€841.3m28.1x11.7x12.5x
Wed, 02 Jul 2025€9.3b€762.4m€480.5m24.6x19.3x12.2x
Fri, 30 May 2025€9.1b€761.4m€478.6m24.3x18.9x11.9x
Sun, 27 Apr 2025€8.4b€734.5m€219.0m33.3x38.5x11.5x
Tue, 25 Mar 2025€8.4b€734.5m€211.8m30.9x39.8x11.5x
Thu, 20 Feb 2025€9.0b€716.6m€59.8m39.7x151x12.6x
Sat, 18 Jan 2025€8.9b€715.5m€56.9m39.7x157x12.5x
Mon, 16 Dec 2024€8.5b€707.2m€54.2m40x157.4x12.1x
Wed, 13 Nov 2024€8.0b€696.0m€18.6m42.5x429.8x11.5x
Fri, 11 Oct 2024€8.8b€695.9m€17.4m28.1x507.7x12.7x
Sun, 08 Sep 2024€9.1b€694.7m€17.1m27.8x534.5x13.1x
Tue, 06 Aug 2024€8.5b€696.5m€5.8m27x1478.3x12.2x
Thu, 04 Jul 2024€7.9b€721.5m-€174,527,436.0022.6x-45.1x10.9x
Sat, 01 Jun 2024€8.1b€727.7m-€161,671,083.0021.4x-49.9x11.1x
Mon, 29 Apr 2024€7.8b€717.1m-€8,208,464.0030.7x-953.7x10.9x
Wed, 27 Mar 2024€7.4b€715.5m-€8,672,055.0040.3x-856.5x10.4x
Fri, 23 Feb 2024€7.5b€810.9m-€166,647,055.0040.1x-45.1x9.3x
Sun, 21 Jan 2024€7.5b€912.7m-€148,641,314.0026.9x-50.5x8.2x
Tue, 19 Dec 2023€7.7b€911.4m-€148,590,941.0030.7x-51.6x8.4x
Thu, 16 Nov 2023€7.2b€911.6m-€119,247,941.0030.7x-60.1x7.9x
Sat, 14 Oct 2023€6.8b€911.7m-€119,196,004.0030.7x-56.9x7.4x
Mon, 11 Sep 2023€6.9b€911.0m-€119,196,004.0030.7x-57.8x7.6x
Wed, 09 Aug 2023€7.0b€911.0m-€91,572,004.0032.3x-76.9x7.7x
Fri, 07 Jul 2023€6.7b€880.1m€311.8m33.8x21.5x7.6x
Sun, 04 Jun 2023€6.9b€876.9m€309.6m29.7x22.3x7.9x
Tue, 02 May 2023€6.7b€856.8m€305.1m20x22.1x7.9x
Thu, 30 Mar 2023€6.7b€837.9m€298.7m23.4x22.3x8x
Sat, 25 Feb 2023€17.6b€1.5b€1.8b27.4x9.5x11.6x
Price to Earnings Ratio

9.5x


Total Market Cap: €17.6bTotal Earnings: €1.8bTotal Revenue: €1.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Spanish REITS Industry Price to Earnings3Y Average -8.4x202420252026
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 12.4x which is higher than its 3-year average PE of -8.4x.
  • The 3-year average PS ratio of 10.7x is lower than the industry's current PS ratio of 13.3x.
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 18% 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-1.65%
Real Estate0.32%
REITS0.72%
Hotel and Resort REITs1.33%
Diversified REITs0.72%
Retail REITs0.43%
Healthcare REITs0%0
Residential REITs-0.013%
Industrial REITs-0.18%
Office REITs-1.99%
Industry PE
  • Investors are most optimistic about the Retail REITs industry even though it's trading below its 3-year average PE ratio of 33.6x.
    • 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 4.0% 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 26% 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
MRL MERLIN Properties SOCIMI€13.713.4%
+€253.3m
25.8%PB1x

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