Spanish (IBEX) REITS Industry Analysis
UpdatedJul 26, 2024
DataAggregated Company Financials
Companies22
- 7D0.8%
- 3M-1.2%
- 1Y16.5%
- YTD6.5%
In the last week, the REITS industry is flat overall, with Gop Properties Socimi standing out by going down 3.2%. The past year has been better, since the industry has gained 17% in that time. Earnings are forecast to grow by 39% 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 |
|---|---|---|---|---|---|---|
| Fri, 26 Jul 2024 | €7.8b | €696.5m | €5.8m | 27x | 1346.6x | 11.2x |
| Sun, 23 Jun 2024 | €7.9b | €721.2m | -€171,103,523.00 | 21.4x | -45.9x | 10.9x |
| Tue, 21 May 2024 | €7.9b | €719.8m | -€3,685,404.00 | 21x | -2153.4x | 11x |
| Thu, 18 Apr 2024 | €7.6b | €716.4m | -€7,622,014.00 | 30.7x | -993.2x | 10.6x |
| Sat, 16 Mar 2024 | €7.2b | €715.5m | -€8,672,055.00 | 40.3x | -825.6x | 10x |
| Mon, 12 Feb 2024 | €7.4b | €812.2m | -€166,647,055.00 | 40.1x | -44.5x | 9.1x |
| Wed, 10 Jan 2024 | €7.5b | €912.0m | -€147,482,663.00 | 21.5x | -51.1x | 8.3x |
| Fri, 08 Dec 2023 | €7.5b | €914.8m | -€132,872,941.00 | 30.7x | -56.8x | 8.2x |
| Sun, 05 Nov 2023 | €7.0b | €911.6m | -€119,247,941.00 | 30.7x | -59x | 7.7x |
| Tue, 03 Oct 2023 | €6.8b | €911.7m | -€119,196,004.00 | 30.7x | -57.1x | 7.5x |
| Thu, 31 Aug 2023 | €6.9b | €911.0m | -€91,572,004.00 | 32.3x | -75.6x | 7.6x |
| Sat, 29 Jul 2023 | €7.1b | €884.8m | -€46,545,004.00 | 32.3x | -151.5x | 8x |
| Mon, 26 Jun 2023 | €6.7b | €876.1m | €309.1m | 33.8x | 21.6x | 7.6x |
| Wed, 24 May 2023 | €6.7b | €876.9m | €309.6m | 29.9x | 21.6x | 7.6x |
| Fri, 21 Apr 2023 | €6.7b | €856.1m | €305.1m | 20x | 22.1x | 7.9x |
| Sun, 19 Mar 2023 | €8.3b | €880.0m | €311.7m | 27.8x | 26.6x | 9.4x |
| Tue, 14 Feb 2023 | €17.7b | €1.5b | €1.9b | 26x | 9.3x | 11.7x |
| Thu, 12 Jan 2023 | €17.5b | €1.5b | €1.9b | 24.9x | 9.1x | 11.5x |
| Sat, 10 Dec 2022 | €17.2b | €1.6b | €1.9b | 23.7x | 8.8x | 10.9x |
| Mon, 07 Nov 2022 | €16.6b | €1.6b | €1.9b | 23.6x | 8.9x | 10.6x |
| Wed, 05 Oct 2022 | €16.3b | €1.5b | €1.8b | 23.2x | 9.1x | 11x |
| Fri, 02 Sep 2022 | €17.2b | €1.5b | €1.8b | 20.5x | 9.6x | 11.6x |
| Sun, 31 Jul 2022 | €18.3b | €1.5b | €1.7b | 20.5x | 10.5x | 12.4x |
| Tue, 28 Jun 2022 | €18.2b | €1.6b | €1.4b | 23.6x | 12.8x | 11.5x |
| Thu, 26 May 2022 | €19.0b | €1.6b | €1.3b | 23.9x | 14.4x | 12x |
| Sat, 23 Apr 2022 | €19.4b | €1.5b | €1.3b | 27.4x | 15.4x | 12.6x |
| Mon, 21 Mar 2022 | €19.2b | €1.5b | €1.2b | 28.8x | 15.4x | 12.4x |
| Wed, 16 Feb 2022 | €18.9b | €1.5b | €583.5m | 31.1x | 32.3x | 12.6x |
| Fri, 14 Jan 2022 | €19.0b | €1.5b | €584.9m | 28.6x | 32.6x | 12.8x |
| Sun, 12 Dec 2021 | €18.9b | €1.5b | €566.2m | 30.2x | 33.4x | 12.9x |
| Tue, 09 Nov 2021 | €19.1b | €1.5b | €561.7m | 30.2x | 34x | 13x |
| Thu, 07 Oct 2021 | €18.6b | €1.5b | €537.2m | 29.4x | 34.7x | 12.7x |
| Sat, 04 Sep 2021 | €18.5b | €1.5b | €492.3m | 32.5x | 37.6x | 12.2x |
| Mon, 02 Aug 2021 | €18.5b | €1.5b | €492.3m | 30.9x | 37.5x | 12.2x |
Price to Earnings Ratio
37.5x
Current Industry PE
- Investors are optimistic on the Spanish REITs industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 1kx which is higher than its 3-year average PE of -81.6x.
- The industry is trading close to its 3-year average PS ratio of 10.5x.
Past Earnings Growth
- The earnings for companies in the REITs industry have declined 77% per year over the last three years,
- Revenues have also declined 23% 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 | -0.034% | |
| Real Estate | -0.41% | |
| REITS | 0.84% | |
| Diversified REITs | 0.84% | |
| Industrial REITs | 0% | |
| Specialized REITs | 0% | |
| Retail REITs | -0.16% | |
| Residential REITs | -0.38% | |
| Hotel and Resort REITs | -0.55% | |
| Office REITs | -2.34% | |
| Healthcare REITs | -2.91% | |
Industry PE
- Investors are most optimistic about the Diversified REITs industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 38.6%, which is higher than its past year's earnings growth of 13.3% 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 0.6% per year.
- In contrast, the Residential REITs industry is expected to see its earnings decline by 67% 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 | €10.43 | 1.2% +€56.2m | 24.0% | PB0.7x | |
| YIBI Ibi Lion Socimi | €1.02 | 2.0% +€1.0m | -9.7% | n/a | |
| YGOP Gop Properties Socimi | €15.20 | 0.7% +€595.8k | 0% | PB0.8x | |
| YHSP Hispanotels Inversiones Socimi | €6.25 | 0.8% +€557.4k | 10.6% | PB1.3x |