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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?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 20 Sep 2024 | €9.8b | €3.0b | -€1,707,325,361.00 | 10.2x | -5.7x | 3.3x |
| Sun, 18 Aug 2024 | €8.4b | €3.0b | -€1,707,325,361.00 | 10.1x | -4.9x | 2.8x |
| Tue, 16 Jul 2024 | €8.3b | €2.9b | -€2,732,638,361.00 | 11.8x | -3x | 2.8x |
| Thu, 13 Jun 2024 | €8.7b | €2.9b | -€2,729,644,812.00 | 15.6x | -3.2x | 3x |
| Sat, 11 May 2024 | €8.3b | €2.9b | -€2,728,751,812.00 | 13.6x | -3.1x | 2.8x |
| Mon, 08 Apr 2024 | €8.0b | €2.9b | -€2,728,751,812.00 | 13.8x | -2.9x | 2.7x |
| Wed, 06 Mar 2024 | €7.4b | €2.7b | -€2,709,754,812.00 | 11.4x | -2.7x | 2.7x |
| Fri, 02 Feb 2024 | €8.2b | €3.0b | -€1,382,848,812.00 | 10.8x | -5.9x | 2.7x |
| Sun, 31 Dec 2023 | €4.1b | €2.0b | -€518,156,812.00 | 10.9x | -7.9x | 2x |
| Tue, 28 Nov 2023 | €4.0b | €2.1b | -€474,663,812.00 | 9.1x | -8.3x | 1.8x |
| Thu, 26 Oct 2023 | €3.8b | €2.1b | -€462,513,000.00 | 8.2x | -8.1x | 1.8x |
| Sat, 23 Sep 2023 | €4.0b | €2.1b | -€462,513,000.00 | 7.9x | -8.7x | 1.9x |
| Mon, 21 Aug 2023 | €4.1b | €2.1b | -€325,876,000.00 | 8.1x | -12.5x | 1.9x |
| Wed, 19 Jul 2023 | €4.4b | €2.1b | €282.5m | 7.7x | 15.7x | 2.1x |
| Fri, 16 Jun 2023 | €4.7b | €2.1b | €282.5m | 8x | 16.6x | 2.2x |
| Sun, 14 May 2023 | €4.7b | €2.1b | €282.5m | 8.6x | 16.6x | 2.2x |
| Tue, 11 Apr 2023 | €5.0b | €2.1b | €340.1m | 5.7x | 14.7x | 2.3x |
| Thu, 09 Mar 2023 | €42.2b | €10.4b | €3.2b | 9x | 13.1x | 4.1x |
| Sat, 04 Feb 2023 | €42.8b | €10.0b | €5.7b | 8.1x | 7.5x | 4.3x |
| Mon, 02 Jan 2023 | €38.7b | €10.0b | €6.3b | 6.8x | 6.2x | 3.9x |
| Wed, 30 Nov 2022 | €39.4b | €10.0b | €6.3b | 6.7x | 6.3x | 3.9x |
| Fri, 28 Oct 2022 | €37.6b | €10.0b | €6.3b | 6.5x | 6x | 3.7x |
| Sun, 25 Sep 2022 | €35.4b | €10.0b | €6.3b | 6.9x | 5.6x | 3.5x |
| Tue, 23 Aug 2022 | €40.1b | €10.0b | €6.3b | 7.6x | 6.4x | 4x |
| Thu, 21 Jul 2022 | €40.3b | €9.5b | €5.0b | 8.7x | 8.1x | 4.3x |
| Sat, 18 Jun 2022 | €39.8b | €9.7b | €4.6b | 9x | 8.6x | 4.1x |
| Mon, 16 May 2022 | €42.9b | €9.7b | €4.6b | 9.9x | 9.3x | 4.4x |
| Wed, 13 Apr 2022 | €45.0b | €9.7b | €4.6b | 10.9x | 9.8x | 4.6x |
| Fri, 11 Mar 2022 | €43.0b | €9.6b | €4.6b | 10.1x | 9.4x | 4.5x |
| Sun, 06 Feb 2022 | €44.7b | €9.6b | €1.6b | 12x | 28.7x | 4.7x |
| Tue, 04 Jan 2022 | €45.8b | €9.5b | €1.4b | 12.5x | 33.2x | 4.8x |
| Thu, 02 Dec 2021 | €43.4b | €9.5b | €1.4b | 10.9x | 30.3x | 4.5x |
| Sat, 30 Oct 2021 | €45.1b | €9.5b | €1.4b | 11.2x | 31.3x | 4.7x |
| Mon, 27 Sep 2021 | €45.4b | €9.5b | €1.4b | 11.3x | 31.5x | 4.8x |
Price to Earnings Ratio
31.5x
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 Market | 2.45% | |
| Real Estate | 1.39% | |
| REITS | 4.35% | |
| Diversified REITs | 4.35% | |
| Residential REITs | 2.84% | |
| Office REITs | 2.27% | |
| Retail REITs | 0.58% | |
| Industrial REITs | 0% | |
| Specialized REITs | 0% | |
| Healthcare REITs | 0% | |
| 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| ICAD Icade | €27.34 | 11.0% +€204.6m | -14.3% | PB0.5x | |
| COV Covivio | €55.95 | 2.8% +€171.7m | 29.5% | PB0.8x | |
| BLEE Bleecker Société Anonyme | €163.00 | 12.4% +€20.2m | -4.1% | PB0.6x | |
| PAT Patrimoine et Commerce | €21.00 | 3.4% +€10.5m | 28.8% | PB0.7x | |
| CBSM Société Centrale des Bois et des Scieries de la Manche | €8.50 | 2.4% +€2.7m | -12.8% | PB0.5x |