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French (CAC) REITS Industry Analysis
UpdatedAug 12, 2025
DataAggregated Company Financials
Companies13
- 7D5.1%
- 3M13.5%
- 1Y17.9%
- YTD12.2%
In the last week, the REITS industry is up 5.1%, with Covivio up 4.4%. Meanwhile, Bleecker Société Anonyme actually underperformed within the industry, shrinking 6.8% in the last week. In the last 12 months, the industry was up 18%. Looking forward, earnings are forecast to grow by 27% 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, 12 Aug 2025 | €9.8b | €2.9b | €291.2m | 10x | 33.6x | 3.4x |
| Thu, 10 Jul 2025 | €9.0b | €2.9b | -€154,566,345.00 | 13.8x | -58.1x | 3.1x |
| Sat, 07 Jun 2025 | €9.1b | €2.9b | -€135,079,017.00 | 13.3x | -67x | 3.1x |
| Mon, 05 May 2025 | €8.6b | €2.9b | -€152,025,017.00 | 13.3x | -56.8x | 3x |
| Wed, 02 Apr 2025 | €8.9b | €2.9b | -€151,990,017.00 | 13.2x | -58.4x | 3.1x |
| Fri, 28 Feb 2025 | €9.0b | €2.8b | -€222,045,017.00 | 32.7x | -40.5x | 3.2x |
| Sun, 26 Jan 2025 | €8.7b | €3.0b | -€1,713,864,361.00 | 14.9x | -5.1x | 2.9x |
| Tue, 24 Dec 2024 | €8.5b | €3.0b | -€1,713,864,361.00 | 14.6x | -5x | 2.9x |
| Thu, 21 Nov 2024 | €8.8b | €3.0b | -€1,713,864,361.00 | 15x | -5.1x | 3x |
| Sat, 19 Oct 2024 | €9.4b | €3.0b | -€1,719,313,361.00 | 10.4x | -5.5x | 3.2x |
| Mon, 16 Sep 2024 | €9.5b | €3.0b | -€1,707,325,361.00 | 9.9x | -5.5x | 3.2x |
| Wed, 14 Aug 2024 | €8.4b | €3.0b | -€1,707,325,361.00 | 10x | -4.9x | 2.8x |
| Fri, 12 Jul 2024 | €8.2b | €2.9b | -€2,732,638,361.00 | 11.5x | -3x | 2.8x |
| Sun, 09 Jun 2024 | €9.1b | €2.9b | -€2,729,644,812.00 | 16.2x | -3.3x | 3.1x |
| Tue, 07 May 2024 | €8.3b | €2.9b | -€2,728,751,812.00 | 13.5x | -3x | 2.8x |
| Thu, 04 Apr 2024 | €8.0b | €2.9b | -€2,728,751,812.00 | 13.5x | -2.9x | 2.7x |
| Sat, 02 Mar 2024 | €7.5b | €2.7b | -€2,709,754,812.00 | 11.4x | -2.8x | 2.7x |
| Mon, 29 Jan 2024 | €8.5b | €3.0b | -€1,382,848,812.00 | 10.9x | -6.2x | 2.8x |
| Wed, 27 Dec 2023 | €4.0b | €2.2b | -€500,672,812.00 | 10x | -8.1x | 1.9x |
| Fri, 24 Nov 2023 | €3.9b | €2.1b | -€474,663,812.00 | 9.1x | -8.3x | 1.8x |
| Sun, 22 Oct 2023 | €3.7b | €2.1b | -€462,513,000.00 | 8.4x | -8x | 1.7x |
| Tue, 19 Sep 2023 | €4.1b | €2.1b | -€462,519,000.00 | 8x | -8.9x | 1.9x |
| Thu, 17 Aug 2023 | €4.1b | €2.1b | -€325,876,000.00 | 8x | -12.7x | 1.9x |
| Sat, 15 Jul 2023 | €4.4b | €2.1b | €282.5m | 7.8x | 15.7x | 2.1x |
| Mon, 12 Jun 2023 | €4.8b | €2.1b | €282.5m | 8.3x | 16.9x | 2.2x |
| Wed, 10 May 2023 | €4.7b | €2.1b | €282.5m | 8.5x | 16.7x | 2.2x |
| Fri, 07 Apr 2023 | €5.0b | €2.1b | €341.7m | 5.7x | 14.7x | 2.3x |
| Sun, 05 Mar 2023 | €42.4b | €10.4b | €3.2b | 9.2x | 13.3x | 4.1x |
| Tue, 31 Jan 2023 | €41.7b | €10.0b | €5.7b | 7.9x | 7.3x | 4.2x |
| Thu, 29 Dec 2022 | €38.8b | €10.0b | €6.3b | 6.8x | 6.2x | 3.9x |
| Sat, 26 Nov 2022 | €39.5b | €10.0b | €6.3b | 6.7x | 6.3x | 3.9x |
| Mon, 24 Oct 2022 | €35.6b | €10.0b | €6.3b | 6x | 5.7x | 3.5x |
| Wed, 21 Sep 2022 | €37.1b | €10.0b | €6.3b | 7.1x | 5.9x | 3.7x |
| Fri, 19 Aug 2022 | €41.4b | €10.0b | €6.3b | 7.7x | 6.6x | 4.1x |
Price to Earnings Ratio
6.6x
Current Industry PE
- Investors are optimistic on the French REITs industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 33.6x which is higher than its 3-year average PE of -6.9x.
- The 3-year average PS ratio of 2.9x is lower than the industry's current PS ratio of 3.4x.
Past Earnings Growth
- The earnings for companies in the REITs industry have declined 64% per year over the last three years,
- Revenues have also declined 34% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Trends
Which industries have driven the changes within the French Real Estate industry?
| FR Market | 0.59% | |
| Real Estate | 2.42% | |
| REITS | 5.10% | |
| Diversified REITs | 5.10% | |
| Residential REITs | 3.96% | |
| Retail REITs | 2.96% | |
| Industrial REITs | 1.09% | |
| Office REITs | 0.74% | |
| Specialized REITs | 0% | 0 |
| Healthcare REITs | 0% | 0 |
| Hotel and Resort REITs | -1.25% | |
Industry PE
- Investors are most optimistic about the Diversified REITs industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 26.6%, which is higher than its past year's earnings growth of 13.6% per year.
Forecasted Growth
- Analysts are most optimistic on the Residential REITs industry, expecting annual earnings growth of 60% over the next 5 years.
- However this is lower than its past earnings growth rate of 167% per year.
- In contrast, the Industrial REITs industry is expected to see its earnings decline by 5.4% 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 | |
|---|---|---|---|---|---|
| COV Covivio | €58.90 | 4.4% +€277.0m | 21.8% | PB0.8x | |
| ICAD Icade | €22.50 | 5.7% +€92.5m | 10.8% | PB0.4x | |
| IMDA Immobiliere Dassault | €54.00 | 1.5% +€5.5m | 9.3% | PB0.6x | |
| PAT Patrimoine et Commerce | €23.60 | 1.3% +€4.8m | 14.6% | PB0.8x | |
| CBSM Société Centrale des Bois et des Scieries de la Manche | €9.00 | 1.1% +€1.3m | 12.5% | PB0.5x |