French (CAC) REITS Industry Analysis
UpdatedApr 24, 2024
DataAggregated Company Financials
Companies13
- 7D0.09%
- 3M-8.1%
- 1Y-19.0%
- YTD-12.3%
The REITS is pretty flat in the last 7 days, but Icade has stood out, gaining 7.1%. As for the longer term, the industry has declined 19% in the last year. Earnings are forecast to grow by 122% annually.
Industry Valuation and Performance
Has the French REITS Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 24 Apr 2024 | €7.9b | €2.9b | -€2,728,751,812.00 | 13.9x | -2.9x | 2.7x |
| Fri, 22 Mar 2024 | €7.8b | €2.8b | -€2,714,317,812.00 | 12.1x | -2.9x | 2.8x |
| Sun, 18 Feb 2024 | €8.0b | €2.9b | -€1,936,956,812.00 | 10.8x | -4.1x | 2.7x |
| Tue, 16 Jan 2024 | €8.6b | €3.0b | -€1,382,848,812.00 | 10.9x | -6.2x | 2.8x |
| Thu, 14 Dec 2023 | €3.9b | €2.2b | -€500,672,812.00 | 9.6x | -7.8x | 1.8x |
| Sat, 11 Nov 2023 | €4.0b | €2.1b | -€485,470,000.00 | 9.1x | -8.2x | 1.9x |
| Mon, 09 Oct 2023 | €3.8b | €2.1b | -€462,513,000.00 | 7.8x | -8.3x | 1.8x |
| Wed, 06 Sep 2023 | €4.2b | €2.1b | -€462,519,000.00 | 8.3x | -9.1x | 2x |
| Fri, 04 Aug 2023 | €4.3b | €2.1b | -€325,876,000.00 | 8x | -13.2x | 2x |
| Sun, 02 Jul 2023 | €4.5b | €2.1b | €282.5m | 7.7x | 16x | 2.1x |
| Tue, 30 May 2023 | €4.5b | €2.1b | €282.5m | 8.3x | 15.9x | 2.1x |
| Thu, 27 Apr 2023 | €4.9b | €2.1b | €282.5m | 8.7x | 17.2x | 2.3x |
| Sat, 25 Mar 2023 | €4.9b | €2.1b | €341.7m | 5.8x | 14.5x | 2.3x |
| Mon, 20 Feb 2023 | €42.1b | €10.0b | €4.6b | 8.3x | 9.2x | 4.2x |
| Wed, 18 Jan 2023 | €41.3b | €10.0b | €6.3b | 7.3x | 6.6x | 4.1x |
| Fri, 16 Dec 2022 | €39.7b | €10.0b | €6.3b | 6.8x | 6.3x | 4x |
| Sun, 13 Nov 2022 | €39.9b | €10.0b | €6.3b | 6.8x | 6.4x | 4x |
| Tue, 11 Oct 2022 | €34.9b | €10.0b | €6.3b | 6.1x | 5.6x | 3.5x |
| Thu, 08 Sep 2022 | €39.0b | €10.0b | €6.3b | 7.5x | 6.2x | 3.9x |
| Sat, 06 Aug 2022 | €41.3b | €10.0b | €6.3b | 7.7x | 6.6x | 4.1x |
| Mon, 04 Jul 2022 | €37.9b | €9.7b | €4.6b | 9.6x | 8.2x | 3.9x |
| Wed, 01 Jun 2022 | €43.5b | €9.7b | €4.6b | 9.9x | 9.4x | 4.5x |
| Fri, 29 Apr 2022 | €44.6b | €9.7b | €4.6b | 11.1x | 9.7x | 4.6x |
| Sun, 27 Mar 2022 | €44.7b | €9.8b | €4.6b | 10.4x | 9.8x | 4.6x |
| Tue, 22 Feb 2022 | €46.3b | €9.6b | €3.3b | 11.1x | 14.2x | 4.8x |
| Thu, 20 Jan 2022 | €47.0b | €9.5b | €1.4b | 12.9x | 34.1x | 4.9x |
| Sat, 18 Dec 2021 | €44.1b | €9.5b | €1.4b | 10.4x | 30.8x | 4.6x |
| Mon, 15 Nov 2021 | €45.7b | €9.5b | €1.4b | 11.1x | 31.9x | 4.8x |
| Wed, 13 Oct 2021 | €44.3b | €9.5b | €1.4b | 10.8x | 30.8x | 4.7x |
| Fri, 10 Sep 2021 | €45.4b | €9.5b | €1.4b | 12x | 32.5x | 4.8x |
| Sun, 08 Aug 2021 | €48.3b | €9.5b | €1.4b | 14.5x | 34.7x | 5.1x |
| Sat, 01 May 2021 | €43.8b | €9.5b | €610.2m | 13.1x | 71.9x | 4.6x |
Price to Earnings Ratio
71.9x
Current Industry PE
- Investors are pessimistic on the French REITs industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The 3-year average PS ratio of 3.6x is higher than the industry's current PS ratio of 2.7x.
Past Earnings Growth
- Total earnings for the REITs industry have declined over the last three years, with the industry now making a loss overall.
- Revenues have also declined 32% per year, which is driving profits down.
Industry Trends
Which industries have driven the changes within the French Real Estate industry?
| FR Market | 2.20% | |
| Real Estate | 2.60% | |
| REITS | 0.093% | |
| Retail REITs | 4.81% | |
| Residential REITs | 4.18% | |
| Industrial REITs | 3.31% | |
| Office REITs | 2.58% | |
| Diversified REITs | 0.093% | |
| Specialized REITs | 0% | |
| Healthcare REITs | 0% | |
| Hotel and Resort REITs | -6.88% | |
Industry PE
- Investors are most optimistic about the Healthcare REITs industry, which is trading close to its 3-year average PE ratio of 10.5x.
- 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 122% over the next 5 years.
- This is better than its past earnings growth rate of 18% per year.
- In contrast, the Retail REITs industry is expected to see its earnings grow by 49% 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 | |
|---|---|---|---|---|---|
| ICAD Icade | €25.18 | 5.4% +€97.0m | -39.9% | PB0.4x | |
| IMDA Immobiliere Dassault | €49.00 | 6.5% +€20.6m | -13.7% | PB0.6x | |
| PAT Patrimoine et Commerce | €21.50 | 1.4% +€4.5m | 19.4% | PB0.7x | |
| PAR Paref | €42.80 | 0.5% +€301.8k | -29.3% | PB0.5x |