French (CAC) Office REITs Industry Analysis

UpdatedSep 01, 2026

DataAggregated Company Financials

Companies6

7D-4.5%
3M-5.2%
1Y-17.1%
YTD-13.4%

Over the last 7 days, the Office REITs industry has dropped 4.5%, driven by Gecina declining 5.1%. Overall the industry is down 17% in 12 months. As for the next few years, earnings are expected to grow by 32% per annum.

Industry Valuation and Performance

Has the French Office REITs Industry valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Wed, 02 Sep 2026	€5.7b	€1.1b	€123.0m	131.2x	46.2x	5.4x
Fri, 31 Jul 2026	€7.3b	€1.2b	€82.1m	132.8x	89x	6.3x
Sun, 28 Jun 2026	€7.1b	€1.1b	€363.8m	73.1x	19.6x	6.3x
Tue, 26 May 2026	€7.1b	€1.1b	€363.8m	80.7x	19.6x	6.3x
Thu, 23 Apr 2026	€7.0b	€1.1b	€366.8m	77.6x	19.2x	6.3x
Sat, 21 Mar 2026	€6.1b	€1.1b	€326.9m	74.5x	18.7x	5.6x
Mon, 16 Feb 2026	€6.7b	€1.1b	€324.8m	73.2x	20.5x	5.9x
Wed, 14 Jan 2026	€7.1b	€1.1b	€385.9m	73.4x	18.4x	6.3x
Fri, 12 Dec 2025	€7.1b	€1.1b	€385.9m	71.7x	18.3x	6.3x
Sun, 09 Nov 2025	€7.1b	€1.1b	€385.9m	69.1x	18.5x	6.3x
Tue, 07 Oct 2025	€7.3b	€1.1b	€385.4m	39.2x	19x	6.6x
Thu, 04 Sep 2025	€10.6b	€1.4b	€614.7m	41.8x	17.2x	7.4x
Sat, 02 Aug 2025	€10.9b	€1.4b	€614.7m	44.5x	17.8x	7.7x
Mon, 30 Jun 2025	€11.4b	€1.4b	€345.3m	22x	33x	8.2x
Wed, 28 May 2025	€11.5b	€1.4b	€345.3m	22.6x	33.3x	8.2x
Fri, 25 Apr 2025	€11.3b	€1.4b	€196.8m	21.4x	57.4x	8.1x
Sun, 23 Mar 2025	€11.0b	€1.3b	€224.4m	20.8x	49.2x	8.3x
Tue, 18 Feb 2025	€11.7b	€1.4b	-€377,945,948.00	57x	-31.1x	8.3x
Thu, 16 Jan 2025	€11.0b	€1.4b	-€1,777,966,948.00	91.8x	-6.2x	8x
Sat, 14 Dec 2024	€10.5b	€1.4b	-€1,777,966,948.00	91.8x	-5.9x	7.6x
Mon, 11 Nov 2024	€11.0b	€1.4b	-€1,777,966,948.00	91.8x	-6.2x	8x
Wed, 09 Oct 2024	€11.1b	€1.4b	-€1,777,966,948.00	87.1x	-6.3x	8.1x
Fri, 06 Sep 2024	€11.1b	€1.4b	-€1,775,719,817.00	76.9x	-6.3x	8.1x
Sun, 04 Aug 2024	€10.5b	€1.4b	-€1,775,719,817.00	76.9x	-5.9x	7.6x
Tue, 02 Jul 2024	€10.2b	€1.4b	-€2,702,089,685.00	45.8x	-3.8x	7.5x
Thu, 30 May 2024	€11.0b	€1.4b	-€2,704,450,677.00	15.9x	-4.1x	8x
Sat, 27 Apr 2024	€10.8b	€1.4b	-€2,704,450,677.00	16.5x	-4x	7.8x
Mon, 25 Mar 2024	€10.7b	€1.4b	-€2,524,168,677.00	8.3x	-4.3x	7.8x
Wed, 21 Feb 2024	€10.9b	€1.2b	-€2,523,984,677.00	8.6x	-4.3x	8.7x
Fri, 19 Jan 2024	€11.7b	€1.3b	-€1,354,410,677.00	9.3x	-8.7x	8.8x
Sun, 17 Dec 2023	€16.9b	€2.4b	-€2,219,102,677.00	9.1x	-7.6x	7.1x
Tue, 14 Nov 2023	€15.0b	€2.4b	-€2,209,716,000.00	9.3x	-6.8x	6.4x
Thu, 12 Oct 2023	€14.9b	€2.4b	-€2,209,716,000.00	9.2x	-6.7x	6.3x
Sat, 09 Sep 2023	€15.5b	€2.3b	-€2,087,088,000.00	12x	-7.4x	6.6x

Price to Earnings Ratio

-7.4x

Sat, 09 Sep 2023

Current Industry PE

Investors are optimistic on the French Office REITs industry, and appear confident in long term growth rates.

The industry is trading at a PE ratio of 46.2x which is higher than its 3-year average PE of 11.8x.

The 3-year average PS ratio of 7.3x is higher than the industry's current PS ratio of 5.4x.

Past Earnings Growth

Total earnings for the Office REITs industry have gone up over the last three years and the industry is now profitable.
Revenues have declined 23% per year.
This means that less sales are being generated overall, but since the cost of doing business is lower, profits have been increasing.