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French (CAC) REITS Industry Analysis

UpdatedSep 20, 2024
DataAggregated Company Financials
Companies13
  • 7D4.4%
  • 3M16.7%
  • 1Y13.1%
  • YTD3.0%

Icade is up 11%, leading the way for the REITS industry, which has gained 4.4%. This takes the industry's 12 month performance to a gain of 13%. As for the next few years, earnings are expected to grow by 77% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 20 Sep 2024€9.8b€3.0b-€1,707,325,361.0010.2x-5.7x3.3x
Sun, 18 Aug 2024€8.4b€3.0b-€1,707,325,361.0010.1x-4.9x2.8x
Tue, 16 Jul 2024€8.3b€2.9b-€2,732,638,361.0011.8x-3x2.8x
Thu, 13 Jun 2024€8.7b€2.9b-€2,729,644,812.0015.6x-3.2x3x
Sat, 11 May 2024€8.3b€2.9b-€2,728,751,812.0013.6x-3.1x2.8x
Mon, 08 Apr 2024€8.0b€2.9b-€2,728,751,812.0013.8x-2.9x2.7x
Wed, 06 Mar 2024€7.4b€2.7b-€2,709,754,812.0011.4x-2.7x2.7x
Fri, 02 Feb 2024€8.2b€3.0b-€1,382,848,812.0010.8x-5.9x2.7x
Sun, 31 Dec 2023€4.1b€2.0b-€518,156,812.0010.9x-7.9x2x
Tue, 28 Nov 2023€4.0b€2.1b-€474,663,812.009.1x-8.3x1.8x
Thu, 26 Oct 2023€3.8b€2.1b-€462,513,000.008.2x-8.1x1.8x
Sat, 23 Sep 2023€4.0b€2.1b-€462,513,000.007.9x-8.7x1.9x
Mon, 21 Aug 2023€4.1b€2.1b-€325,876,000.008.1x-12.5x1.9x
Wed, 19 Jul 2023€4.4b€2.1b€282.5m7.7x15.7x2.1x
Fri, 16 Jun 2023€4.7b€2.1b€282.5m8x16.6x2.2x
Sun, 14 May 2023€4.7b€2.1b€282.5m8.6x16.6x2.2x
Tue, 11 Apr 2023€5.0b€2.1b€340.1m5.7x14.7x2.3x
Thu, 09 Mar 2023€42.2b€10.4b€3.2b9x13.1x4.1x
Sat, 04 Feb 2023€42.8b€10.0b€5.7b8.1x7.5x4.3x
Mon, 02 Jan 2023€38.7b€10.0b€6.3b6.8x6.2x3.9x
Wed, 30 Nov 2022€39.4b€10.0b€6.3b6.7x6.3x3.9x
Fri, 28 Oct 2022€37.6b€10.0b€6.3b6.5x6x3.7x
Sun, 25 Sep 2022€35.4b€10.0b€6.3b6.9x5.6x3.5x
Tue, 23 Aug 2022€40.1b€10.0b€6.3b7.6x6.4x4x
Thu, 21 Jul 2022€40.3b€9.5b€5.0b8.7x8.1x4.3x
Sat, 18 Jun 2022€39.8b€9.7b€4.6b9x8.6x4.1x
Mon, 16 May 2022€42.9b€9.7b€4.6b9.9x9.3x4.4x
Wed, 13 Apr 2022€45.0b€9.7b€4.6b10.9x9.8x4.6x
Fri, 11 Mar 2022€43.0b€9.6b€4.6b10.1x9.4x4.5x
Sun, 06 Feb 2022€44.7b€9.6b€1.6b12x28.7x4.7x
Tue, 04 Jan 2022€45.8b€9.5b€1.4b12.5x33.2x4.8x
Thu, 02 Dec 2021€43.4b€9.5b€1.4b10.9x30.3x4.5x
Sat, 30 Oct 2021€45.1b€9.5b€1.4b11.2x31.3x4.7x
Mon, 27 Sep 2021€45.4b€9.5b€1.4b11.3x31.5x4.8x
Price to Earnings Ratio

31.5x


Total Market Cap: €45.4bTotal Earnings: €1.4bTotal Revenue: €9.5bTotal Market Cap vs Earnings and Revenue0%0%0%
French REITS Industry Price to Earnings3Y Average 6.7x202220232024
Current Industry PE
  • Investors are relatively neutral on the French 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 PS ratio of 3.3x.
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 Market2.45%
Real Estate1.39%
REITS4.35%
Diversified REITs4.35%
Residential REITs2.84%
Office REITs2.27%
Retail REITs0.58%
Industrial REITs0%
Specialized REITs0%
Healthcare REITs0%
Hotel and Resort REITs-6.48%
Industry PE
  • Investors are most optimistic about the Hotel and Resort REITs industry which is trading above its 3-year average PE ratio.
    • 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 Residential REITs industry, expecting annual earnings growth of 86% over the next 5 years.
  • This is better than its past earnings growth rate of 60% per year.
  • In contrast, the Industrial REITs industry is expected to see its earnings grow by 30% 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
ICAD Icade€27.3411.0%
+€204.6m
-14.3%PB0.5x
COV Covivio€55.952.8%
+€171.7m
29.5%PB0.8x
BLEE Bleecker Société Anonyme€163.0012.4%
+€20.2m
-4.1%PB0.6x
PAT Patrimoine et Commerce€21.003.4%
+€10.5m
28.8%PB0.7x
CBSM Société Centrale des Bois et des Scieries de la Manche€8.502.4%
+€2.7m
-12.8%PB0.5x
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Latest News

ICAD

€27.34

Icade

7D

11.0%

1Y

-14.3%

PAR

€41.10

Paref

7D

2.0%

1Y

-21.0%

IMDA

€51.60

Immobiliere Dassault

7D

-0.4%

1Y

3.6%

PAT

€21.00

Patrimoine et Commerce

7D

3.4%

1Y

28.8%

COV

€55.95

Covivio

7D

2.8%

1Y

29.5%

BLEE

€163.00

Bleecker Société Anonyme

7D

12.4%

1Y

-4.1%

ATLD

€43.60

Atland SAS

7D

-0.9%

1Y

19.1%