Narrative Update • May 21

The Retail REITs industry has stayed flat over the last week. As for the the longer term, the industry is up 9.2% over the past 12 months. As for the next few years, earnings are expected to grow by 7.0% per annum.
Has the French Retail REITs Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 27 May 2026 | €28.9b | €6.3b | €2.9b | 13x | 10x | 4.6x |
| Fri, 24 Apr 2026 | €30.3b | €6.3b | €2.9b | 13.1x | 10.4x | 4.8x |
| Sun, 22 Mar 2026 | €27.7b | €6.3b | €2.9b | 12.7x | 9.5x | 4.4x |
| Tue, 17 Feb 2026 | €28.9b | €6.3b | €2.9b | 12x | 10.1x | 4.6x |
| Thu, 15 Jan 2026 | €27.5b | €6.3b | €2.4b | 14.3x | 11.5x | 4.3x |
| Sat, 13 Dec 2025 | €27.2b | €6.3b | €2.4b | 14.2x | 11.4x | 4.3x |
| Mon, 10 Nov 2025 | €27.2b | €6.3b | €2.4b | 14.8x | 11.4x | 4.3x |
| Wed, 08 Oct 2025 | €26.6b | €6.3b | €2.4b | 14.7x | 11.1x | 4.2x |
| Fri, 05 Sep 2025 | €26.9b | €6.3b | €2.4b | 14.6x | 11.3x | 4.2x |
| Sun, 03 Aug 2025 | €26.4b | €6.3b | €2.4b | 14.2x | 11.1x | 4.2x |
| Tue, 01 Jul 2025 | €26.0b | €5.9b | €1.7b | 18.5x | 15.4x | 4.4x |
| Thu, 29 May 2025 | €26.6b | €5.9b | €1.7b | 19x | 15.8x | 4.5x |
| Sat, 26 Apr 2025 | €24.4b | €5.9b | €1.7b | 19.2x | 14.5x | 4.1x |
| Mon, 24 Mar 2025 | €24.6b | €5.9b | €1.7b | 15.4x | 14.5x | 4.1x |
| Wed, 19 Feb 2025 | €24.8b | €5.9b | €1.7b | 15.1x | 14.7x | 4.2x |
| Fri, 17 Jan 2025 | €23.3b | €5.5b | -€169,888,692.00 | 16.4x | -137.1x | 4.3x |
| Sun, 15 Dec 2024 | €23.0b | €5.5b | -€181,790,692.00 | 16.5x | -126.7x | 4.2x |
| Tue, 12 Nov 2024 | €23.5b | €5.5b | -€181,790,692.00 | 17x | -129.2x | 4.3x |
| Thu, 10 Oct 2024 | €24.2b | €5.5b | -€181,790,692.00 | 18.7x | -133.1x | 4.4x |
| Sat, 07 Sep 2024 | €23.6b | €5.5b | -€231,424,692.00 | 19.1x | -102x | 4.3x |
| Mon, 05 Aug 2024 | €21.9b | €5.5b | -€231,409,692.00 | 18.5x | -94.5x | 4x |
| Wed, 03 Jul 2024 | €22.2b | €5.3b | -€1,347,489,692.00 | 26.7x | -16.5x | 4.2x |
| Fri, 31 May 2024 | €23.5b | €5.3b | -€1,349,230,791.00 | 28.4x | -17.4x | 4.4x |
| Sun, 28 Apr 2024 | €22.8b | €5.3b | -€1,349,230,791.00 | 28x | -16.9x | 4.3x |
| Tue, 26 Mar 2024 | €21.8b | €5.3b | -€1,349,189,791.00 | 27.8x | -16.1x | 4.1x |
| Thu, 22 Feb 2024 | €21.0b | €5.3b | -€1,173,764,791.00 | 22.1x | -17.8x | 3.9x |
| Sat, 20 Jan 2024 | €20.4b | €5.2b | -€522,569,791.00 | 23.6x | -39x | 3.9x |
| Mon, 18 Dec 2023 | €20.6b | €5.2b | -€529,942,285.00 | 23.7x | -38.9x | 4x |
| Wed, 15 Nov 2023 | €18.4b | €5.2b | -€531,533,000.00 | 22x | -34.6x | 3.5x |
| Fri, 13 Oct 2023 | €17.1b | €5.2b | -€531,533,000.00 | 20.1x | -32.1x | 3.3x |
| Sun, 10 Sep 2023 | €18.0b | €5.2b | -€288,033,000.00 | 16.7x | -62.5x | 3.4x |
| Tue, 08 Aug 2023 | €18.1b | €5.2b | -€166,289,000.00 | 12x | -108.6x | 3.5x |
| Thu, 06 Jul 2023 | €18.0b | €5.3b | €995.0m | 17.5x | 18.1x | 3.4x |
| Sat, 03 Jun 2023 | €16.7b | €5.3b | €995.0m | 16x | 16.8x | 3.1x |
16.8x
How does French Retail REITs compare with similar industries?
| FR Market | 2.10% | |
| Real Estate | 0.90% | |
| REITS | 0.97% | |
| Retail REITs | 0.44% | |
| Residential REITs | 4.05% | |
| Hotel and Resort REITs | 2.22% | |
| Diversified REITs | 0.97% | |
| Industrial REITs | 0.85% | |
| Office REITs | 0.81% | |
| Specialized REITs | 0% | 0 |
| Healthcare REITs | 0% | 0 |
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| URW Unibail-Rodamco-Westfield | €97.70 | 1.6% +€216.3m | 20.5% | PB0.8x | |
| FREY Frey | €34.60 | 1.2% +€12.7m | 24.5% | PB1x | |
| SELER Selectirente | €85.50 | 1.2% +€4.2m | 3.0% | PB0.9x |