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French (CAC) REITS Industry Analysis

UpdatedNov 27, 2022
DataAggregated Company Financials
Companies29
  • 7D0.06%
  • 3M0.4%
  • 1Y-11.4%
  • YTD-14.7%

Last week, the REITS industry hasn't moved much but Altarea is up 3.9% in that time. Unfortunately though, the industry is down 11% over the past 12 months. Looking forward, earnings are forecast to decline by 11% per year.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 27 Nov 2022€39.5b€10.0b€6.3b6.7x6.3x3.9x
Tue, 25 Oct 2022€35.6b€10.0b€6.3b6x5.7x3.5x
Thu, 22 Sep 2022€37.4b€10.0b€5.9b7.4x6.4x3.8x
Sat, 20 Aug 2022€40.5b€10.0b€6.3b7.8x6.5x4x
Mon, 18 Jul 2022€39.2b€9.7b€4.6b9.9x8.5x4.1x
Wed, 15 Jun 2022€39.1b€9.7b€4.6b9x8.5x4x
Fri, 13 May 2022€42.8b€9.7b€4.6b10.1x9.3x4.4x
Sun, 10 Apr 2022€44.4b€9.7b€4.6b10.9x9.7x4.6x
Tue, 08 Mar 2022€40.0b€9.6b€4.6b9.3x8.8x4.2x
Thu, 03 Feb 2022€46.4b€9.6b€1.6b12.2x29.7x4.8x
Sat, 01 Jan 2022€45.5b€9.5b€1.4b12.3x33x4.8x
Mon, 29 Nov 2021€43.5b€9.5b€1.4b10.7x30.4x4.6x
Wed, 27 Oct 2021€45.3b€9.5b€1.4b11x31.5x4.8x
Fri, 24 Sep 2021€45.7b€9.5b€1.4b11.4x32.8x4.8x
Sun, 22 Aug 2021€47.5b€9.5b€1.4b14.5x34x5x
Fri, 09 Jul 2021€46.4b€9.5b€1.4b14.6x33.3x4.9x
Thu, 01 Apr 2021€42.0b€9.5b€610.2m12.1x68.9x4.4x
Sun, 03 Jan 2021€42.0b€9.4b-€173,879,252.0011.2x-241.5x4.5x
Wed, 07 Oct 2020€34.1b€9.7b€1.5b9.3x22.9x3.5x
Tue, 30 Jun 2020€39.7b€10.0b€2.9b9.9x13.5x4x
Fri, 03 Apr 2020€38.5b€10.1b€3.9b8.7x9.8x3.8x
Mon, 06 Jan 2020€57.4b€10.1b€4.9b9.8x11.8x5.7x
Price to Earnings Ratio

12.3x


Total Market Cap: €55.3bTotal Earnings: €4.5bTotal Revenue: €9.9bTotal Market Cap vs Earnings and Revenue0%0%0%
French REITS Industry Price to Earnings3Y Average 0.7x202020212022
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 6.3x which is higher than its 3-year average PE of 0.73x.
  • The 3-year average PS ratio of 4.4x is higher than the industry's current PS ratio of 3.9x.
Past Earnings Growth
  • The earnings for companies in the REITs industry have grown 12% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Trends

Which industries have driven the changes within the French Real Estate industry?

FR Market0.96%
Real Estate0.18%
REITS0.062%
Residential REITs3.85%
Hotel and Resort REITs0.99%
Retail REITs0.43%
Specialized REITs0%
Healthcare REITs0%
Office REITs-0.46%
Industrial REITs-0.87%
Diversified REITs-1.28%
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 4.5% and investors are willing to pay a premium for that growth.
Forecasted Growth
  • Analysts are most optimistic on the Residential REITs industry, expecting annual earnings growth of 4.5% over the next 5 years.
  • In contrast, the Industrial REITs industry is expected to see its earnings decline by 69% 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
ALTA Altarea€139.003.9%
+€105.3m
-15.0%PB1.3x
LI Klépierre€22.320.6%
+€40.0m
18.0%PB0.8x
COVH Covivio Hotels€15.351.0%
+€22.2m
-2.8%PB0.7x
MERY Mercialys€9.602.0%
+€17.2m
12.3%PB1.3x
GFC Gecina Société anonyme€95.900.2%
+€14.8m
-19.9%PB0.5x
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Latest News

ARG

€79.50

Argan

7D

-0.9%

1Y

-26.3%

INEA

€38.90

Fonciere Inea

7D

-2.0%

1Y

-12.8%

GFC

€95.90

Gecina Société anonyme

7D

0.2%

1Y

-19.9%

FREY

€35.20

Frey

7D

-0.6%

1Y

7.3%

FLY

€83.80

Société Foncière Lyonnaise

7D

-1.4%

1Y

7.4%

ALTA

€139.00

Altarea

7D

3.9%

1Y

-15.0%

MERY

€9.60

Mercialys

7D

2.0%

1Y

12.3%

COV

€57.00

Covivio

7D

-0.4%

1Y

-20.7%

LI

€22.32

Klépierre

7D

0.6%

1Y

18.0%

SELER

€97.50

Selectirente

7D

-1.0%

1Y

4.3%

ICAD

€39.72

Icade

7D

-2.4%

1Y

-37.4%

PAT

€15.50

Patrimoine et Commerce

7D

3.3%

1Y

-6.1%

COVH

€15.35

Covivio Hotels

7D

1.0%

1Y

-2.8%

EIFF

€19.35

Société de la Tour Eiffel

7D

-1.5%

1Y

-33.0%

BLEE

€185.00

Bleecker Société Anonyme

7D

5.1%

1Y

37.0%