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Spanish (IBEX) Office REITs Industry Analysis
UpdatedFeb 21, 2026
DataAggregated Company Financials
Companies9
- 7D2.0%
- 3M3.7%
- 1Y1.5%
- YTDn/a
In the last week, the Office REITs industry is up 2.0%, with Colonial SFL Socimi S. A up 2.8%. Overall in the last year, the industry is flat. Looking forward, earnings are forecast to decline by 10% per year.
Industry Valuation and Performance
Has the Spanish Office REITs Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 21 Feb 2026 | €5.5b | €763.6m | €475.6m | 21.8x | 11.5x | 7.2x |
| Mon, 19 Jan 2026 | €5.4b | €744.2m | €481.3m | 22.2x | 11.1x | 7.2x |
| Wed, 17 Dec 2025 | €5.3b | €744.2m | €481.3m | 22.2x | 11.1x | 7.1x |
| Fri, 14 Nov 2025 | €5.5b | €645.7m | €500.8m | 22.2x | 11.1x | 8.6x |
| Sun, 12 Oct 2025 | €5.5b | €645.7m | €500.8m | 22.2x | 10.9x | 8.5x |
| Tue, 09 Sep 2025 | €5.6b | €645.6m | €487.0m | 22.6x | 11.5x | 8.7x |
| Thu, 07 Aug 2025 | €5.7b | €625.9m | €489.3m | 22.4x | 11.6x | 9.1x |
| Sat, 05 Jul 2025 | €5.8b | €719.2m | €317.4m | 22.2x | 18.2x | 8x |
| Mon, 02 Jun 2025 | €5.8b | €695.5m | €306.1m | 22.6x | 19.1x | 8.4x |
| Wed, 30 Apr 2025 | €5.0b | €653.9m | €305.2m | 22.4x | 16.5x | 7.7x |
| Fri, 28 Mar 2025 | €4.9b | €653.1m | €306.2m | 22.4x | 15.9x | 7.5x |
| Sun, 23 Feb 2025 | €5.0b | €553.9m | -€567,243,980.00 | 23.4x | -8.7x | 9x |
| Tue, 21 Jan 2025 | €4.8b | €553.5m | -€567,020,753.00 | 23.2x | -8.5x | 8.7x |
| Thu, 19 Dec 2024 | €4.7b | €565.6m | -€555,422,753.00 | 23.4x | -8.5x | 8.4x |
| Sat, 16 Nov 2024 | €5.0b | €657.3m | -€577,074,161.00 | 23.4x | -8.6x | 7.6x |
| Mon, 14 Oct 2024 | €5.3b | €645.1m | -€585,139,655.00 | 23.3x | -9.1x | 8.3x |
| Wed, 11 Sep 2024 | €5.4b | €643.3m | -€588,910,840.00 | 23.1x | -9.2x | 8.4x |
| Fri, 09 Aug 2024 | €4.9b | €643.9m | -€584,324,052.00 | 23.1x | -8.4x | 7.6x |
| Sun, 07 Jul 2024 | €4.6b | €543.3m | -€990,774,052.00 | 23.1x | -4.7x | 8.6x |
| Tue, 04 Jun 2024 | €5.0b | €541.9m | -€991,373,056.00 | 23.6x | -5x | 9.2x |
| Thu, 02 May 2024 | €4.5b | €536.0m | -€1,042,892,523.00 | 23.6x | -4.3x | 8.4x |
| Sat, 30 Mar 2024 | €4.5b | €533.9m | -€1,041,630,523.00 | 22.4x | -4.3x | 8.4x |
| Mon, 26 Feb 2024 | €4.3b | €520.7m | -€702,164,501.00 | 20x | -6.1x | 8.3x |
| Wed, 24 Jan 2024 | €4.8b | €621.6m | -€634,586,872.00 | 14.8x | -7.5x | 7.7x |
| Fri, 22 Dec 2023 | €5.2b | €620.9m | -€635,228,147.00 | 15.7x | -8.2x | 8.4x |
| Sun, 19 Nov 2023 | €4.9b | €620.9m | -€635,228,147.00 | 16x | -7.7x | 7.8x |
| Tue, 17 Oct 2023 | €4.6b | €621.9m | -€642,573,095.00 | 16x | -7.1x | 7.4x |
| Thu, 14 Sep 2023 | €4.7b | €621.9m | -€642,573,095.00 | 16x | -7.3x | 7.5x |
| Sat, 12 Aug 2023 | €4.5b | €625.1m | -€592,939,386.00 | 15.7x | -7.6x | 7.2x |
| Mon, 10 Jul 2023 | €4.4b | €566.1m | €138.9m | 18.6x | 31.7x | 7.8x |
| Wed, 07 Jun 2023 | €4.6b | €508.2m | €108.2m | 20.2x | 42.7x | 9.1x |
| Fri, 05 May 2023 | €4.5b | €500.2m | €38.1m | 30.7x | 118.9x | 9.1x |
| Sun, 02 Apr 2023 | €4.6b | €500.2m | €38.1m | 30.7x | 121.8x | 9.3x |
| Tue, 28 Feb 2023 | €5.2b | €478.5m | €749.1m | 10.9x | 6.9x | 10.9x |
Price to Earnings Ratio
6.9x
Current Industry PE
- Investors are relatively neutral on the Spanish Office REITs industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 10.8x.
- The 3-year average PS ratio of 8.2x is higher than the industry's current PS ratio of 7.2x.
Past Earnings Growth
- The earnings for companies in the Office REITs industry have declined 14% per year over the last three years.
- Meanwhile revenues for these companies have grown 17% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Comparison
How does Spanish Office REITs compare with similar industries?
| ES Market | 2.49% | |
| Real Estate | 1.15% | |
| REITS | 2.52% | |
| Office REITs | 1.99% | |
| Diversified REITs | 2.52% | |
| Hotel and Resort REITs | 1.04% | |
| Industrial REITs | 0.91% | |
| Residential REITs | 0.59% | |
| Retail REITs | 0.096% | |
| Healthcare REITs | 0% | 0 |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| COL Colonial SFL Socimi S. A | €5.36 | 2.8% +€88.7m | -3.2% | PB0.6x | |
| ARM Árima Real Estate SOCIMI | €11.29 | 7.2% +€18.6m | 15.5% | PB1x |