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Spanish (IBEX) REITS Industry Analysis

UpdatedDec 02, 2021
DataAggregated Company Financials
  • 7D-1.9%
  • 3M-3.9%
  • 1Y1.6%
  • YTD4.6%

Over the last 7 days, the REITS industry has dropped 2.2%, driven by a decline by Inmobiliaria Colonial SOCIMI of 5.7%. This takes the industry's 12 month performance to a gain of 3.3%.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPE
Sun, 05 Dec 2021€18.7b€1.5b€567.1m29.4x
Tue, 02 Nov 2021€18.9b€1.5b€537.4m35.3x
Thu, 30 Sep 2021€18.6b€1.5b€490.3m28.6x
Sat, 28 Aug 2021€18.7b€1.5b€492.3m32.5x
Sun, 04 Jul 2021€17.7b€1.5b€492.3m30x
Wed, 07 Apr 2021€17.4b€1.5b€189.8m34.3x
Sat, 09 Jan 2021€16.8b€1.5b€184.3m35.6x
Fri, 02 Oct 2020€15.8b€1.6b€1.1b22.2x
Mon, 06 Jul 2020€16.6b€1.6b€1.2b18.9x
Thu, 09 Apr 2020€16.6b€1.6b€1.9b17.6x
Wed, 01 Jan 2020€21.3b€1.6b€2.0b16.9x
Sat, 05 Oct 2019€20.6b€1.7b€2.0b16.7x
Tue, 09 Jul 2019€19.0b€1.6b€2.0b20.1x
Mon, 01 Apr 2019€17.6b€1.6b€2.0b16.5x
Thu, 03 Jan 2019€16.2b€1.6b€2.0b17.3x
PE Ratio


Total Market Cap: €16.2bTotal Earnings: €2.0bTotal Revenue: €1.6b0%0%0%3 Year10 Year

Current Industry PE: Investors are more optimistic on the industry, considering it's trading at a PE ratio of 29.4x which is higher than its 3-year average PE of 23.3x. It appears they are confident that earnings will grow faster in the future than they have historically.

Past Earnings Growth: The earnings for companies in the REITs industry have declined 36% per year over the last three years, while revenues have remained mostly flat. This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

Which industries have driven the changes within the Spanish REITS industry?

Hotel and Resort REITs0.27%
Retail REITs0.15%
Residential REITs-0.18%
Diversified REITs-1.76%
Healthcare REITs-3.67%
Office REITs-3.72%

Industry PE: Investors are most optimistic about the Diversified REITs industry which is trading above its 3-year average PE ratio of 30.0x. This is likely because analysts are expecting annual earnings growth of 24%, which is higher than its past year's earnings decline of 52% per year. Meanwhile, investors are most pessimistic about the Office REITs industry. Although, investor sentiment seems to have improved given its trading above its 3-year average of 20.7x.

Forecasted Growth: Analysts are most optimistic on the Diversified REITs industry, expecting annual earnings growth of 24% over the next 5 years. This is better than its past earnings decline of 52% per year. Meanwhile, the Office REITs industry is expected to see its earnings grow by 16% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

YSIL Silicius Real Estate SOCIMI1.2%+€7.2mn/an/a
YORE Olimpo Real Estate SOCIMI2.9%+€5.9m4.0%PB1.2x
YAI1 All Iron Re I Socimi1.8%+€1.9m-2.6%PB1.6x
YADV Advero Properties SOCIMI0.5%+€120.5k6.3%PB1.5x
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