French (CAC) Office REITs Industry Analysis
UpdatedMay 22, 2022
DataAggregated Company Financials
Companies6
- 7D1.5%
- 3M-6.6%
- 1Y0.2%
- YTD-2.7%
The Office REITs industry is up 1.5% in the last week, with Covivio up 3.9%. The industry has been flat over the past 12 months despite the gain this week. As for the next few years, earnings are forecast to decline by 2.8% per annum.
Industry Valuation and Performance
Has the French Office REITs Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE |
|---|---|---|---|---|
| Sun, 22 May 2022 | €11.5b | €1.4b | €1.3b | 10.7x |
| Tue, 19 Apr 2022 | €12.3b | €1.4b | €1.3b | 14.1x |
| Thu, 17 Mar 2022 | €12.0b | €1.3b | €1.3b | 12.6x |
| Sat, 12 Feb 2022 | €12.1b | €1.4b | €983.8m | 13.4x |
| Mon, 10 Jan 2022 | €11.9b | €1.4b | €983.8m | 12.5x |
| Wed, 08 Dec 2021 | €11.7b | €1.4b | €983.8m | 12.4x |
| Fri, 05 Nov 2021 | €12.0b | €1.4b | €983.8m | 12x |
| Sun, 03 Oct 2021 | €11.6b | €1.4b | €983.8m | 11.5x |
| Tue, 31 Aug 2021 | €12.8b | €1.4b | €976.0m | 13.5x |
| Wed, 07 Jul 2021 | €12.4b | €1.4b | €976.0m | 14.9x |
| Sat, 10 Apr 2021 | €11.3b | €1.4b | €842.7m | 17.9x |
| Fri, 01 Jan 2021 | €11.5b | €1.4b | €709.3m | 20.8x |
| Mon, 05 Oct 2020 | €9.7b | €1.4b | €919.0m | 12x |
| Thu, 09 Jul 2020 | €10.8b | €1.4b | €1.1b | 11x |
| Wed, 01 Apr 2020 | €9.0b | €1.5b | €1.3b | 8.8x |
| Sat, 04 Jan 2020 | €14.0b | €1.6b | €1.5b | 8.4x |
| Tue, 08 Oct 2019 | €13.2b | €1.7b | €1.3b | 9x |
| Mon, 01 Jul 2019 | €12.8b | €1.7b | €1.2b | 9.5x |
Median PE Ratio
11.2x
Current Industry PE
- Investors are relatively neutral on the 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 PE ratio of 12.3x.
- Future earnings are expected to decline by 2.8% which could cause market valuations to fall.
Past Earnings Growth
- The earnings for companies in the Office REITs industry have grown 4.5% per year over the last three years.
- Meanwhile revenues for these companies have declined 6.0% per year.
- This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.
Industry Comparison
How does French Office REITs compare with similar industries?
| FR Market | -1.28% | |
| Real Estate | 0.53% | |
| REITS | 0.76% | |
| Office REITs | 1.46% | |
| Residential REITs | 2.97% | |
| Hotel and Resort REITs | 2.70% | |
| Industrial REITs | 0.94% | |
| Diversified REITs | 0.71% | |
| Specialized REITs | 0% | |
| Healthcare REITs | 0% | |
| Retail REITs | -1.02% | |
Industry PEThere is insufficient data on the sub-industries of this industry.
Forecasted GrowthThere is insufficient data on the sub-industries of this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| COV Covivio | €67.25 | 3.9% +€235.7m | -10.9% | PB0.7x | |
| VTR Vitura | €32.20 | 4.5% +€23.5m | -20.7% | PB0.7x | |
| INEA Fonciere Inea | €46.00 | 1.1% +€4.2m | 16.8% | PB0.9x | |
| ACAN Acanthe Développement | €0.48 | 3.0% +€2.1m | 14.8% | PB0.5x | |
| EIFF Société de la Tour Eiffel | €25.70 | 0.4% +€1.7m | -21.2% | PB0.6x |