Narrative Update • Aug 09
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French (CAC) REITS Industry Analysis
UpdatedAug 21, 2026
DataAggregated Company Financials
Companies17
- 7D-2.3%
- 3M-4.5%
- 1Y-12.0%
- YTD-7.9%
Over the last 7 days, the REITS industry has dropped 2.3%, driven by Covivio declining 2.5%. However, the industry is down 12% over the past year. Looking forward, earnings are forecast to grow by 38% 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 |
|---|---|---|---|---|---|---|
| Fri, 21 Aug 2026 | €8.7b | €2.9b | €425.6m | 11.8x | 20.4x | 3x |
| Sun, 19 Jul 2026 | €8.9b | €2.9b | €724.0m | 10.2x | 12.3x | 3.1x |
| Tue, 16 Jun 2026 | €9.3b | €2.8b | €682.5m | 13.1x | 13.7x | 3.3x |
| Thu, 14 May 2026 | €9.1b | €2.8b | €681.9m | 13.3x | 13.4x | 3.2x |
| Sat, 11 Apr 2026 | €9.4b | €2.9b | €683.7m | 13.6x | 13.8x | 3.3x |
| Mon, 09 Mar 2026 | €9.5b | €2.8b | €693.9m | 10.1x | 13.7x | 3.4x |
| Wed, 04 Feb 2026 | €9.1b | €2.9b | €307.2m | 10.3x | 29.8x | 3.2x |
| Fri, 02 Jan 2026 | €9.5b | €2.9b | €307.2m | 10.2x | 31x | 3.3x |
| Sun, 30 Nov 2025 | €9.4b | €2.9b | €292.9m | 10.4x | 32x | 3.3x |
| Tue, 28 Oct 2025 | €9.5b | €2.9b | €291.3m | 10.2x | 32.5x | 3.3x |
| Thu, 25 Sep 2025 | €9.4b | €2.9b | €291.3m | 10.3x | 32.3x | 3.3x |
| Sat, 23 Aug 2025 | €9.8b | €2.9b | €291.2m | 10.4x | 33.6x | 3.4x |
| Mon, 21 Jul 2025 | €8.8b | €2.9b | -€154,566,345.00 | 13.8x | -57x | 3x |
| Wed, 18 Jun 2025 | €9.1b | €2.9b | -€135,079,017.00 | 13.2x | -67.2x | 3.1x |
| Fri, 16 May 2025 | €8.7b | €2.9b | -€152,723,017.00 | 13.4x | -57.3x | 3x |
| Sun, 13 Apr 2025 | €8.2b | €2.9b | -€151,990,017.00 | 12.9x | -53.9x | 2.8x |
| Tue, 11 Mar 2025 | €8.7b | €2.8b | -€222,045,017.00 | 32.7x | -39.2x | 3.1x |
| Thu, 06 Feb 2025 | €8.8b | €3.0b | -€1,713,864,361.00 | 14.7x | -5.1x | 3x |
| Sat, 04 Jan 2025 | €8.7b | €3.0b | -€1,713,864,361.00 | 14.8x | -5x | 2.9x |
| Mon, 02 Dec 2024 | €8.9b | €3.0b | -€1,713,864,361.00 | 14.6x | -5.2x | 3x |
| Wed, 30 Oct 2024 | €9.2b | €3.0b | -€1,719,313,361.00 | 10.3x | -5.4x | 3.1x |
| Fri, 27 Sep 2024 | €9.8b | €3.0b | -€1,719,313,361.00 | 10.1x | -5.7x | 3.3x |
| Sun, 25 Aug 2024 | €8.7b | €3.0b | -€1,707,325,361.00 | 10x | -5.1x | 2.9x |
| Tue, 23 Jul 2024 | €8.3b | €2.9b | -€2,732,638,361.00 | 11.6x | -3x | 2.8x |
| Thu, 20 Jun 2024 | €8.4b | €2.9b | -€2,729,644,812.00 | 14.9x | -3.1x | 2.9x |
| Sat, 18 May 2024 | €8.8b | €2.9b | -€2,729,644,812.00 | 13.8x | -3.2x | 3x |
| Mon, 15 Apr 2024 | €8.0b | €2.9b | -€2,728,751,812.00 | 13.8x | -2.9x | 2.7x |
| Wed, 13 Mar 2024 | €7.6b | €2.8b | -€2,698,079,812.00 | 12.2x | -2.8x | 2.7x |
| Fri, 09 Feb 2024 | €8.1b | €3.0b | -€1,382,848,812.00 | 10.9x | -5.8x | 2.6x |
| Sun, 07 Jan 2024 | €8.9b | €3.0b | -€1,382,848,812.00 | 10.7x | -6.4x | 2.9x |
| Tue, 05 Dec 2023 | €4.0b | €2.2b | -€500,672,812.00 | 9.3x | -7.9x | 1.8x |
| Thu, 02 Nov 2023 | €3.9b | €2.1b | -€462,513,000.00 | 8.2x | -8.4x | 1.8x |
| Sat, 30 Sep 2023 | €3.9b | €2.1b | -€462,513,000.00 | 7.9x | -8.5x | 1.8x |
| Mon, 28 Aug 2023 | €4.1b | €2.1b | -€379,587,000.00 | 6.3x | -10.8x | 1.9x |
Price to Earnings Ratio
-10.8x
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 industry is trading at a PE ratio of 20.4x which is higher than its 3-year average PE of -1.9x.
- The industry is trading close to its 3-year average PS ratio of 2.9x.
Past Earnings Growth
- Total earnings for the REITs industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 10% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Trends
Which industries have driven the changes within the French Real Estate industry?
| FR Market | -2.11% | |
| Real Estate | -1.19% | |
| REITS | -2.30% | |
| Specialized REITs | 0% | 0 |
| Healthcare REITs | -0.07% | |
| Industrial REITs | -0.24% | |
| Residential REITs | -0.32% | |
| Retail REITs | -0.60% | |
| Hotel and Resort REITs | -1.75% | |
| Diversified REITs | -2.30% | |
| Office REITs | -3.26% | |
Industry PE
- Investors are most optimistic about the Residential REITs industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 36.1%, which is higher than its past year's earnings decline of 7.8% per year.
- Investors are most pessimistic about the Industrial REITs industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average.
Forecasted Growth
- Analysts are most optimistic on the Diversified REITs industry, expecting annual earnings growth of 38% over the next 5 years.
- This is better than its past earnings growth rate of 0.9% per year.
- In contrast, the Industrial REITs industry is expected to see its earnings decline by 8.1% 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 | |
|---|---|---|---|---|---|
| BLEE Bleecker Société Anonyme | €107.00 | 4.9% +€5.6m | -1.8% | PB0.5x | |
| CBSM Société Centrale des Bois et des Scieries de la Manche | €9.90 | 1.5% +€2.0m | 8.8% | PB0.5x | |
| PAR Paref | €25.00 | 2.5% +€909.2k | -35.9% | PB0.4x | |
| ATLD Atland SAS | €36.40 | 0.6% +€867.1k | -19.1% | PB1.2x |