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Spanish (IBEX) REITS Industry Analysis

UpdatedDec 03, 2022
DataAggregated Company Financials
Companies47
  • 7D-0.4%
  • 3M-0.8%
  • 1Y-7.9%
  • YTD-9.6%

In the last week, REITS has been flat. As for the longer term, the industry has declined 7.9% in the last year. In the next few years, earnings are forecast to decline by 13% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 03 Dec 2022€17.2b€1.6b€1.9b24.1x8.8x10.9x
Mon, 31 Oct 2022€16.6b€1.5b€1.8b23.2x9.2x11.1x
Wed, 28 Sep 2022€15.9b€1.5b€1.8b23.5x8.9x10.7x
Fri, 26 Aug 2022€17.7b€1.5b€1.8b20.5x9.9x11.9x
Sun, 24 Jul 2022€18.0b€1.4b€1.4b23.7x12.8x12.5x
Tue, 21 Jun 2022€18.2b€1.6b€1.4b25.9x13.2x11.4x
Thu, 19 May 2022€18.9b€1.6b€1.3b24.9x14.3x12x
Sat, 16 Apr 2022€19.6b€1.5b€1.3b27.4x15.5x12.6x
Mon, 14 Mar 2022€18.8b€1.5b€1.3b28.8x15x12.3x
Wed, 09 Feb 2022€18.5b€1.5b€584.9m31.1x31.7x12.4x
Fri, 07 Jan 2022€19.1b€1.5b€587.8m27x32.5x12.9x
Sun, 05 Dec 2021€18.6b€1.5b€566.2m30.2x32.8x12.7x
Tue, 02 Nov 2021€18.9b€1.5b€537.4m35.3x35.1x12.8x
Thu, 30 Sep 2021€18.6b€1.5b€490.3m28.6x38x12.7x
Sat, 28 Aug 2021€18.7b€1.5b€492.3m32.5x38x12.3x
Sun, 04 Jul 2021€17.7b€1.5b€492.3m30x36x11.7x
Wed, 07 Apr 2021€17.4b€1.5b€189.8m34.3x91.6x11.5x
Sat, 09 Jan 2021€16.8b€1.5b€184.3m35.6x91.4x11x
Fri, 02 Oct 2020€15.8b€1.6b€1.1b22.2x14.7x9.9x
Mon, 06 Jul 2020€16.6b€1.6b€1.2b18.9x13.6x10.5x
Thu, 09 Apr 2020€16.6b€1.6b€1.9b17.6x8.7x10.3x
Wed, 01 Jan 2020€21.3b€1.6b€2.0b16.9x10.7x13.1x
Price to Earnings Ratio

10.6x


Total Market Cap: €21.3bTotal Earnings: €2.0bTotal Revenue: €1.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Spanish REITS Industry Price to Earnings3Y Average 30.9x202020212022
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 8.8x which is lower than its 3-year average PE of 30.9x.
  • The industry is trading close to its 3-year average PS ratio of 11.6x.
Past Earnings Growth
  • The earnings for companies in the REITs industry have remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have declined 2.0% per year.
  • This means that the cost of doing business could be reducing since sales have declined but profits have remained steady.

Industry Trends

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

ES Market-0.38%
Real Estate-0.39%
REITS-0.37%
Office REITs0.56%
Industrial REITs0%
Retail REITs0%
Specialized REITs0%
Healthcare REITs0%
Residential REITs-0.29%
Hotel and Resort REITs-0.36%
Diversified REITs-1.22%
Industry PE
    • Investors are most pessimistic about the Office REITs industry, which is trading below its 3-year average of 23.2x.
    Forecasted Growth
    • Despite it being negative, analysts are least pessimistic on the Office REITs industry since they expect its earnings to decline by only 4.6% per year over the next 5 years, which isn't as bad as the other industries.
    • This is a reversal from its past annual earnings growth rate of 59% per year.
    • In contrast, the Diversified REITs industry is expected to see its earnings decline by 20% 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
    COL Inmobiliaria Colonial SOCIMI€6.050.5%
    +€15.9m
    -22.2%PB0.5x
    ARM Arima Real Estate SOCIMI€7.705.5%
    +€10.8m
    -14.3%PB0.6x
    LRE Lar España Real Estate SOCIMI€4.451.6%
    +€5.9m
    -7.5%PB0.4x
    YVIT Vitruvio Real Estate SOCIMI€11.504.5%
    +€4.1m
    4.5%PB1x
    YGOP Grupo Ortiz Properties SOCIMI€15.700.6%
    +€582.1k
    1.3%PB0.8x
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    Latest News

    LRE

    €4.45

    Lar España Real Estate SOCIMI

    7D

    1.6%

    1Y

    -7.5%

    MRL

    €8.92

    MERLIN Properties SOCIMI

    7D

    -2.2%

    1Y

    -6.7%

    YIPS

    €1.25

    Inversa Prime SOCIMI

    7D

    -1.6%

    1Y

    0.8%

    YVIT

    €11.50

    Vitruvio Real Estate SOCIMI

    7D

    4.5%

    1Y

    4.5%

    YATO

    €10.00

    Atom Hoteles SOCIMI

    7D

    -1.0%

    1Y

    5.3%

    COL

    €6.05

    Inmobiliaria Colonial SOCIMI

    7D

    0.5%

    1Y

    -22.2%