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Spanish (IBEX) REITS Industry Analysis
UpdatedFeb 18, 2026
DataAggregated Company Financials
Companies30
- 7D2.3%
- 3M6.4%
- 1Y16.9%
- YTD7.5%
In the last week, the REITS industry is up 2.3%, with MERLIN Properties SOCIMI up 3.4%. In the last 12 months, the industry was up 17%. Looking forward, 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?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 19 Feb 2026 | €11.2b | €824.7m | €886.0m | 21.1x | 12.6x | 13.5x |
| Sat, 17 Jan 2026 | €10.5b | €824.3m | €883.8m | 21.6x | 11.9x | 12.8x |
| Mon, 15 Dec 2025 | €10.3b | €833.9m | €885.2m | 23.9x | 11.6x | 12.3x |
| Wed, 12 Nov 2025 | €11.0b | €836.9m | €907.8m | 24.7x | 12.1x | 13.1x |
| Fri, 10 Oct 2025 | €10.6b | €788.9m | €847.3m | 27.9x | 12.5x | 13.4x |
| Sun, 07 Sep 2025 | €10.1b | €788.9m | €847.3m | 28.1x | 11.9x | 12.8x |
| Tue, 05 Aug 2025 | €10.1b | €788.7m | €841.3m | 28.1x | 11.9x | 12.7x |
| Thu, 03 Jul 2025 | €9.3b | €762.4m | €480.5m | 24.6x | 19.4x | 12.2x |
| Sat, 31 May 2025 | €9.1b | €761.4m | €478.6m | 24.4x | 19x | 12x |
| Mon, 28 Apr 2025 | €8.4b | €734.5m | €219.0m | 33.3x | 38.5x | 11.5x |
| Wed, 26 Mar 2025 | €8.4b | €734.5m | €211.8m | 30.9x | 39.9x | 11.5x |
| Fri, 21 Feb 2025 | €9.0b | €716.6m | €55.6m | 39.7x | 161.7x | 12.5x |
| Sun, 19 Jan 2025 | €8.9b | €715.5m | €56.9m | 39.7x | 157x | 12.5x |
| Tue, 17 Dec 2024 | €8.5b | €707.2m | €54.2m | 39.8x | 156.3x | 12x |
| Thu, 14 Nov 2024 | €8.0b | €695.9m | €18.6m | 42.5x | 431.2x | 11.5x |
| Sat, 12 Oct 2024 | €8.9b | €695.9m | €17.4m | 28.1x | 512.8x | 12.8x |
| Mon, 09 Sep 2024 | €9.1b | €694.7m | €17.1m | 27.8x | 534.5x | 13.1x |
| Wed, 07 Aug 2024 | €8.5b | €695.7m | €17.1m | 27x | 497.3x | 12.2x |
| Fri, 05 Jul 2024 | €7.9b | €721.5m | -€174,527,436.00 | 22.6x | -45.1x | 10.9x |
| Sun, 02 Jun 2024 | €8.1b | €727.7m | -€161,671,083.00 | 21.4x | -49.9x | 11.1x |
| Tue, 30 Apr 2024 | €7.9b | €717.1m | -€8,208,464.00 | 31.2x | -960x | 11x |
| Thu, 28 Mar 2024 | €7.5b | €715.5m | -€8,672,055.00 | 40.3x | -861.6x | 10.4x |
| Sat, 24 Feb 2024 | €7.5b | €810.9m | -€166,647,055.00 | 40.1x | -45.1x | 9.3x |
| Mon, 22 Jan 2024 | €7.5b | €912.7m | -€148,641,314.00 | 26.9x | -50.5x | 8.2x |
| Wed, 20 Dec 2023 | €7.7b | €911.4m | -€148,590,941.00 | 30.7x | -51.9x | 8.5x |
| Fri, 17 Nov 2023 | €7.2b | €911.6m | -€119,247,941.00 | 30.7x | -60.1x | 7.9x |
| Sun, 15 Oct 2023 | €6.8b | €911.7m | -€119,196,004.00 | 30.7x | -56.9x | 7.4x |
| Tue, 12 Sep 2023 | €6.9b | €911.7m | -€119,196,004.00 | 30.7x | -58.2x | 7.6x |
| Thu, 10 Aug 2023 | €7.0b | €911.0m | -€91,572,004.00 | 32.3x | -76.7x | 7.7x |
| Sat, 08 Jul 2023 | €6.7b | €880.1m | €311.8m | 33.8x | 21.6x | 7.7x |
| Mon, 05 Jun 2023 | €6.9b | €878.1m | €309.3m | 29.7x | 22.3x | 7.9x |
| Wed, 03 May 2023 | €6.7b | €856.8m | €305.1m | 20x | 21.8x | 7.8x |
| Fri, 31 Mar 2023 | €6.7b | €837.9m | €298.7m | 23.4x | 22.6x | 8x |
| Sun, 26 Feb 2023 | €17.6b | €1.5b | €1.8b | 27.4x | 9.5x | 11.6x |
Price to Earnings Ratio
9.5x
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 12.6x 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 13.5x.
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 | -0.76% | |
| Real Estate | 0.95% | |
| REITS | 2.32% | |
| Diversified REITs | 2.32% | |
| Hotel and Resort REITs | 1.09% | |
| Retail REITs | 0.19% | |
| Healthcare REITs | 0% | 0 |
| Residential REITs | -0.013% | |
| Office REITs | -0.13% | |
| Industrial REITs | -0.18% | |
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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| MRL MERLIN Properties SOCIMI | €13.62 | 1.5% +€112.6m | 27.8% | PB1x |