Narrative Update • May 02

Over the last 7 days, the Retail REITs industry has remained flat, although notably Unibail-Rodamco-Westfield declined by 6.7%. The past year has been better, since the industry has gained 14% in that time. Earnings are forecast to grow by 7.1% annually.
Has the French Retail REITs Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 16 May 2026 | €28.4b | €6.3b | €2.9b | 12.9x | 9.8x | 4.5x |
| Mon, 13 Apr 2026 | €29.8b | €6.3b | €2.9b | 13x | 10.3x | 4.7x |
| Wed, 11 Mar 2026 | €28.3b | €6.3b | €2.9b | 12.6x | 9.7x | 4.5x |
| Fri, 06 Feb 2026 | €27.9b | €6.3b | €2.4b | 14.7x | 11.7x | 4.4x |
| Sun, 04 Jan 2026 | €27.6b | €6.3b | €2.4b | 14.3x | 11.6x | 4.3x |
| Tue, 02 Dec 2025 | €27.5b | €6.3b | €2.4b | 14.9x | 11.5x | 4.3x |
| Thu, 30 Oct 2025 | €27.2b | €6.3b | €2.4b | 14.8x | 11.4x | 4.3x |
| Sat, 27 Sep 2025 | €27.3b | €6.3b | €2.4b | 14.8x | 11.4x | 4.3x |
| Mon, 25 Aug 2025 | €28.6b | €6.3b | €2.4b | 15.1x | 12x | 4.5x |
| Wed, 23 Jul 2025 | €26.0b | €5.9b | €1.7b | 16.2x | 15.4x | 4.4x |
| Fri, 20 Jun 2025 | €25.9b | €5.9b | €1.7b | 18.6x | 15.4x | 4.4x |
| Sun, 18 May 2025 | €25.8b | €5.9b | €1.7b | 18.8x | 15.3x | 4.4x |
| Tue, 15 Apr 2025 | €23.1b | €5.9b | €1.7b | 15.5x | 13.7x | 3.9x |
| Thu, 13 Mar 2025 | €24.2b | €5.9b | €1.7b | 15.4x | 14.3x | 4.1x |
| Sat, 08 Feb 2025 | €24.5b | €5.5b | -€169,888,692.00 | 16.9x | -144.5x | 4.5x |
| Mon, 06 Jan 2025 | €23.0b | €5.5b | -€169,888,692.00 | 16.3x | -135.2x | 4.2x |
| Wed, 04 Dec 2024 | €23.4b | €5.5b | -€181,790,692.00 | 16.9x | -128.5x | 4.2x |
| Fri, 01 Nov 2024 | €24.1b | €5.5b | -€181,790,692.00 | 17.8x | -132.5x | 4.4x |
| Sun, 29 Sep 2024 | €24.6b | €5.5b | -€181,790,692.00 | 19.2x | -135.4x | 4.5x |
| Tue, 27 Aug 2024 | €22.9b | €5.5b | -€231,424,692.00 | 18.8x | -98.8x | 4.2x |
| Thu, 25 Jul 2024 | €21.9b | €5.3b | -€1,347,489,692.00 | 26.8x | -16.3x | 4.1x |
| Sat, 22 Jun 2024 | €22.3b | €5.3b | -€1,349,217,791.00 | 26.8x | -16.5x | 4.2x |
| Mon, 20 May 2024 | €23.2b | €5.3b | -€1,349,230,791.00 | 28.1x | -17.2x | 4.4x |
| Wed, 17 Apr 2024 | €21.8b | €5.3b | -€1,349,189,791.00 | 27.8x | -16.2x | 4.1x |
| Fri, 15 Mar 2024 | €21.3b | €5.3b | -€1,254,401,791.00 | 24.8x | -17x | 4x |
| Sun, 11 Feb 2024 | €21.1b | €5.3b | -€1,191,069,791.00 | 23x | -17.7x | 4x |
| Tue, 09 Jan 2024 | €20.8b | €5.2b | -€529,942,285.00 | 24x | -39.2x | 4x |
| Thu, 07 Dec 2023 | €19.8b | €5.2b | -€529,942,285.00 | 23x | -37.4x | 3.8x |
| Sat, 04 Nov 2023 | €18.5b | €5.2b | -€531,533,000.00 | 20.9x | -34.8x | 3.6x |
| Mon, 02 Oct 2023 | €17.3b | €5.2b | -€531,533,000.00 | 20.7x | -32.6x | 3.3x |
| Wed, 30 Aug 2023 | €18.0b | €5.2b | -€166,270,000.00 | 12.9x | -108.4x | 3.5x |
| Fri, 28 Jul 2023 | €18.4b | €5.3b | €1.0b | 14.3x | 18.1x | 3.5x |
| Sun, 25 Jun 2023 | €16.7b | €5.3b | €995.0m | 16.3x | 16.8x | 3.1x |
| Tue, 23 May 2023 | €16.3b | €5.3b | €976.9m | 15.7x | 16.7x | 3.1x |
16.7x
How does French Retail REITs compare with similar industries?
| FR Market | -1.98% | |
| Real Estate | -3.13% | |
| REITS | -2.98% | |
| Retail REITs | -4.02% | |
| Specialized REITs | 0% | 0 |
| Healthcare REITs | 0% | 0 |
| Hotel and Resort REITs | -1.32% | |
| Office REITs | -1.76% | |
| Residential REITs | -2.78% | |
| Diversified REITs | -2.98% | |
| Industrial REITs | -3.62% | |
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| FREY Frey | €34.60 | 1.2% +€12.7m | 24.5% | PB1x | |
| MERY Mercialys | €11.68 | 0.7% +€7.5m | 7.6% | PB1.8x |