Narrative Update • Jun 22
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French (CAC) REITS Industry Analysis
UpdatedJul 07, 2026
DataAggregated Company Financials
Companies16
- 7D-1.6%
- 3M-0.9%
- 1Y-2.4%
- YTD-4.8%
Over the last 7 days, the REITS industry has dropped 1.6%, driven by a pullback from Covivio of 2.2%. Over the last year, the industry has been flat overall. Earnings are forecast to grow by 16% 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 |
|---|---|---|---|---|---|---|
| Tue, 07 Jul 2026 | €9.0b | €2.9b | €724.0m | 9.6x | 12.4x | 3.1x |
| Thu, 04 Jun 2026 | €9.1b | €2.8b | €681.9m | 13.4x | 13.3x | 3.2x |
| Sat, 02 May 2026 | €9.4b | €2.9b | €683.7m | 13.4x | 13.8x | 3.3x |
| Mon, 30 Mar 2026 | €8.6b | €2.9b | €681.1m | 13.6x | 12.7x | 3x |
| Wed, 25 Feb 2026 | €9.9b | €2.8b | €693.9m | 10.1x | 14.3x | 3.5x |
| Fri, 23 Jan 2026 | €9.1b | €2.9b | €307.2m | 10.3x | 29.7x | 3.2x |
| Sun, 21 Dec 2025 | €9.3b | €2.9b | €292.9m | 10.3x | 31.6x | 3.2x |
| Tue, 18 Nov 2025 | €9.2b | €2.9b | €289.4m | 10.2x | 31.9x | 3.2x |
| Thu, 16 Oct 2025 | €9.5b | €2.9b | €291.3m | 10.4x | 32.6x | 3.3x |
| Sat, 13 Sep 2025 | €9.4b | €2.9b | €291.3m | 10.4x | 32.3x | 3.3x |
| Mon, 11 Aug 2025 | €9.7b | €2.9b | €291.2m | 10.1x | 33.5x | 3.4x |
| Wed, 09 Jul 2025 | €8.9b | €2.9b | -€154,566,345.00 | 13.9x | -57.5x | 3.1x |
| Fri, 06 Jun 2025 | €9.0b | €2.9b | -€135,079,017.00 | 13.3x | -66.7x | 3.1x |
| Sun, 04 May 2025 | €8.6b | €2.9b | -€152,025,017.00 | 13.3x | -56.8x | 3x |
| Tue, 01 Apr 2025 | €8.8b | €2.9b | -€166,347,017.00 | 19.9x | -53.1x | 3x |
| Thu, 27 Feb 2025 | €9.0b | €2.8b | -€231,937,017.00 | 32.7x | -38.7x | 3.2x |
| Sat, 25 Jan 2025 | €8.7b | €3.0b | -€1,713,864,361.00 | 14.9x | -5.1x | 2.9x |
| Mon, 23 Dec 2024 | €8.5b | €3.0b | -€1,713,864,361.00 | 14.6x | -5x | 2.9x |
| Wed, 20 Nov 2024 | €8.9b | €3.0b | -€1,713,864,361.00 | 15.1x | -5.2x | 3x |
| Fri, 18 Oct 2024 | €9.5b | €3.0b | -€1,719,313,361.00 | 10.5x | -5.5x | 3.2x |
| Sun, 15 Sep 2024 | €9.5b | €3.0b | -€1,707,325,361.00 | 9.9x | -5.5x | 3.2x |
| Tue, 13 Aug 2024 | €8.3b | €3.0b | -€1,707,325,361.00 | 9.9x | -4.8x | 2.8x |
| Thu, 11 Jul 2024 | €8.1b | €2.9b | -€2,732,638,361.00 | 11.6x | -3x | 2.8x |
| Sat, 08 Jun 2024 | €9.1b | €2.9b | -€2,729,644,812.00 | 16.2x | -3.3x | 3.1x |
| Mon, 06 May 2024 | €8.3b | €2.9b | -€2,728,751,812.00 | 13.6x | -3x | 2.8x |
| Wed, 03 Apr 2024 | €8.0b | €2.9b | -€2,728,751,812.00 | 13.5x | -2.9x | 2.7x |
| Fri, 01 Mar 2024 | €7.6b | €2.7b | -€2,709,754,812.00 | 11.4x | -2.8x | 2.8x |
| Sun, 28 Jan 2024 | €8.5b | €3.0b | -€1,382,848,812.00 | 10.9x | -6.2x | 2.8x |
| Tue, 26 Dec 2023 | €4.0b | €2.2b | -€500,672,812.00 | 10x | -8.1x | 1.9x |
| Thu, 23 Nov 2023 | €3.9b | €2.1b | -€474,663,812.00 | 9.1x | -8.2x | 1.8x |
| Sat, 21 Oct 2023 | €3.7b | €2.1b | -€462,513,000.00 | 8.4x | -8x | 1.7x |
| Mon, 18 Sep 2023 | €4.2b | €2.1b | -€462,519,000.00 | 8.3x | -9x | 2x |
| Wed, 16 Aug 2023 | €4.2b | €2.1b | -€325,876,000.00 | 8x | -12.8x | 2x |
| Fri, 14 Jul 2023 | €4.5b | €2.1b | €282.5m | 7.7x | 15.9x | 2.1x |
Price to Earnings Ratio
15.9x
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 industry is trading at a PE ratio of 12.4x which is higher than its 3-year average PE of -2.7x.
- The industry is trading close to its 3-year average PS ratio of 2.9x.
Past Earnings Growth
- The earnings for companies in the REITs industry have grown 37% per year over the last three years.
- Revenues for these companies have grown 10% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the French Real Estate industry?
| FR Market | 1.48% | |
| Real Estate | -1.29% | |
| REITS | -1.58% | |
| Industrial REITs | 1.07% | |
| Residential REITs | 0.15% | |
| Specialized REITs | 0% | 0 |
| Healthcare REITs | 0% | 0 |
| Office REITs | -1.08% | |
| Hotel and Resort REITs | -1.33% | |
| Diversified REITs | -1.58% | |
| Retail REITs | -1.88% | |
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 37.2%, which is higher than its past year's earnings decline of 1.6% per year.
- Investors are most pessimistic about the Healthcare REITs industry, which is trading below its 3-year average of 20.3x.
Forecasted Growth
- Analysts are most optimistic on the Residential REITs industry, expecting annual earnings growth of 37% over the next 5 years.
- This is better than its past earnings decline of 1.6% 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 | |
|---|---|---|---|---|---|
| ATLD Atland SAS | €39.60 | 2.6% +€4.3m | -13.5% | PB1.2x | |
| CBSM Société Centrale des Bois et des Scieries de la Manche | €10.00 | 2.6% +€3.4m | 13.6% | PB0.5x | |
| PAT Patrimoine et Commerce | €25.30 | 0.4% +€1.6m | 5.4% | PB0.8x | |
| MLSJA Saja Real Estate Socimi | €10.00 | 1.0% +€547.1k | n/a | n/a |