Narrative Update • Jun 08

Over the last 7 days, the Retail REITs industry has risen 3.9%, driven by gains from Klépierre of 5.2%. This means that the industry has gained 15% over the past year. Earnings are forecast to grow by 6.9% annually.
Has the French Retail REITs Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 15 Jun 2026 | €30.1b | €6.3b | €2.9b | 13x | 10.4x | 4.7x |
| Wed, 13 May 2026 | €29.5b | €6.3b | €2.9b | 12.9x | 10.2x | 4.7x |
| Fri, 10 Apr 2026 | €29.9b | €6.3b | €2.9b | 12.9x | 10.3x | 4.7x |
| Sun, 08 Mar 2026 | €28.5b | €6.3b | €2.9b | 12.7x | 9.8x | 4.5x |
| Tue, 03 Feb 2026 | €27.5b | €6.3b | €2.4b | 14.4x | 11.5x | 4.3x |
| Thu, 01 Jan 2026 | €27.8b | €6.3b | €2.4b | 14.3x | 11.6x | 4.4x |
| Sat, 29 Nov 2025 | €27.6b | €6.3b | €2.4b | 14.9x | 11.6x | 4.4x |
| Mon, 27 Oct 2025 | €27.4b | €6.3b | €2.4b | 14.8x | 11.5x | 4.3x |
| Wed, 24 Sep 2025 | €27.1b | €6.3b | €2.4b | 14.8x | 11.4x | 4.3x |
| Fri, 22 Aug 2025 | €28.4b | €6.3b | €2.4b | 15x | 11.9x | 4.5x |
| Sun, 20 Jul 2025 | €25.7b | €5.9b | €1.7b | 15.9x | 15.2x | 4.3x |
| Tue, 17 Jun 2025 | €26.6b | €5.9b | €1.7b | 18.8x | 15.8x | 4.5x |
| Thu, 15 May 2025 | €25.2b | €5.9b | €1.7b | 18.1x | 15x | 4.3x |
| Sat, 12 Apr 2025 | €22.6b | €5.9b | €1.7b | 15.5x | 13.4x | 3.8x |
| Mon, 10 Mar 2025 | €24.1b | €5.9b | €1.7b | 15.2x | 14.3x | 4.1x |
| Wed, 05 Feb 2025 | €24.3b | €5.5b | -€169,888,692.00 | 16.7x | -143.1x | 4.4x |
| Fri, 03 Jan 2025 | €22.9b | €5.5b | -€169,888,692.00 | 16.3x | -135x | 4.2x |
| Sun, 01 Dec 2024 | €23.8b | €5.5b | -€181,790,692.00 | 16.9x | -131.1x | 4.3x |
| Tue, 29 Oct 2024 | €24.5b | €5.5b | -€181,790,692.00 | 17.6x | -134.7x | 4.5x |
| Thu, 26 Sep 2024 | €24.4b | €5.5b | -€181,790,692.00 | 19.2x | -134.1x | 4.4x |
| Sat, 24 Aug 2024 | €22.7b | €5.5b | -€231,424,692.00 | 18.7x | -97.9x | 4.1x |
| Mon, 22 Jul 2024 | €22.2b | €5.3b | -€1,347,489,692.00 | 26.8x | -16.5x | 4.2x |
| Wed, 19 Jun 2024 | €22.1b | €5.3b | -€1,349,217,791.00 | 26.8x | -16.4x | 4.2x |
| Fri, 17 May 2024 | €23.3b | €5.3b | -€1,349,230,791.00 | 27.8x | -17.2x | 4.4x |
| Sun, 14 Apr 2024 | €21.7b | €5.3b | -€1,349,189,791.00 | 27.8x | -16.1x | 4.1x |
| Tue, 12 Mar 2024 | €21.5b | €5.3b | -€1,254,401,791.00 | 24.8x | -17.2x | 4.1x |
| Thu, 08 Feb 2024 | €20.7b | €5.2b | -€522,569,791.00 | 23.4x | -39.7x | 4x |
| Sat, 06 Jan 2024 | €20.7b | €5.2b | -€529,942,285.00 | 24x | -39.1x | 4x |
| Mon, 04 Dec 2023 | €19.3b | €5.2b | -€529,942,285.00 | 23x | -36.5x | 3.7x |
| Wed, 01 Nov 2023 | €17.0b | €5.2b | -€531,533,000.00 | 19.3x | -32x | 3.3x |
| Fri, 29 Sep 2023 | €16.9b | €5.2b | -€531,533,000.00 | 20.1x | -31.8x | 3.3x |
| Sun, 27 Aug 2023 | €17.6b | €5.2b | -€166,270,000.00 | 12.5x | -105.8x | 3.4x |
| Tue, 25 Jul 2023 | €18.6b | €5.3b | €995.0m | 17.2x | 18.7x | 3.5x |
| Thu, 22 Jun 2023 | €17.0b | €5.3b | €995.0m | 16.5x | 17x | 3.2x |
17x
How does French Retail REITs compare with similar industries?
| FR Market | 1.83% | |
| Real Estate | 2.25% | |
| REITS | 2.76% | |
| Retail REITs | 3.48% | |
| Diversified REITs | 2.76% | |
| Office REITs | 2.28% | |
| Hotel and Resort REITs | 1.33% | |
| Industrial REITs | 1.17% | |
| Specialized REITs | 0% | 0 |
| Healthcare REITs | 0% | 0 |
| Residential REITs | -5.67% | |
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| URW Unibail-Rodamco-Westfield | €100.70 | 3.1% +€432.6m | 20.0% | PB0.8x | |
| LI Klépierre | €36.50 | 4.0% +€400.8m | 7.5% | PB1.1x | |
| CARM Carmila | €17.08 | 5.7% +€128.4m | 0% | PB0.7x | |
| MERY Mercialys | €11.94 | 4.0% +€42.9m | 10.1% | PB1.9x | |
| FREY Frey | €35.00 | 0.6% +€6.4m | 19.0% | PB1.1x |