Narrative Update • Jun 06
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Greek (ASE) Real Estate Sector Analysis
UpdatedJun 15, 2026
DataAggregated Company Financials
Companies11
- 7D-1.5%
- 3M-2.7%
- 1Y-1.4%
- YTD-8.7%
Over the last 7 days, the Real Estate industry has dropped 1.5%, driven by a pullback from Prodea Real Estate Investment Company Société Anonyme of 8.8%. Meanwhile, LAMDA Development actually outperformed within the industry, gaining 7.0% in the last week. As for the longer term, the industry's performance has been flat for the past year. Earnings are forecast to grow by 6.4% annually.
Sector Valuation and Performance
Has the Greek Real Estate Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 15 Jun 2026 | €4.2b | €1.1b | €339.5m | 9.1x | 12.4x | 4x |
| Wed, 13 May 2026 | €4.2b | €1.1b | €339.5m | 8.3x | 12.4x | 4x |
| Fri, 10 Apr 2026 | €4.2b | €1.1b | €473.8m | 8.2x | 8.9x | 4x |
| Sun, 08 Mar 2026 | €4.1b | €1.0b | €458.3m | 8.7x | 9x | 4x |
| Tue, 03 Feb 2026 | €4.4b | €1.2b | €532.1m | 8.7x | 8.2x | 3.7x |
| Thu, 01 Jan 2026 | €4.4b | €1.2b | €535.5m | 8.5x | 8.2x | 3.7x |
| Sat, 29 Nov 2025 | €4.3b | €1.2b | €551.9m | 8.2x | 7.7x | 3.6x |
| Mon, 27 Oct 2025 | €4.3b | €1.2b | €551.9m | 7.9x | 7.8x | 3.6x |
| Wed, 24 Sep 2025 | €4.4b | €1.2b | €534.7m | 8x | 8.2x | 3.8x |
| Fri, 22 Aug 2025 | €4.4b | €1.1b | €377.2m | 9.5x | 11.6x | 4.1x |
| Sun, 20 Jul 2025 | €4.2b | €1.1b | €381.6m | 8.9x | 11x | 4x |
| Tue, 17 Jun 2025 | €4.1b | €1.1b | €381.6m | 8.6x | 10.7x | 3.9x |
| Thu, 15 May 2025 | €4.1b | €1.1b | €391.2m | 8.5x | 10.4x | 3.7x |
| Sat, 12 Apr 2025 | €4.0b | €1.1b | €351.6m | 8.3x | 11.3x | 3.7x |
| Mon, 10 Mar 2025 | €3.8b | €971.6m | €277.6m | 8.2x | 13.7x | 3.9x |
| Wed, 05 Feb 2025 | €3.9b | €969.8m | €273.5m | 8x | 14.1x | 4x |
| Fri, 03 Jan 2025 | €4.0b | €969.8m | €273.5m | 8.2x | 14.6x | 4.1x |
| Sun, 01 Dec 2024 | €3.9b | €973.7m | €274.6m | 11.8x | 14.3x | 4x |
| Tue, 29 Oct 2024 | €4.2b | €911.7m | €245.0m | 9x | 16.9x | 4.6x |
| Thu, 26 Sep 2024 | €4.3b | €831.7m | €179.5m | 13.3x | 24x | 5.2x |
| Sat, 24 Aug 2024 | €4.3b | €810.2m | €227.5m | 17.9x | 18.7x | 5.3x |
| Mon, 22 Jul 2024 | €4.3b | €807.2m | €222.0m | 17.4x | 19.4x | 5.3x |
| Wed, 19 Jun 2024 | €4.5b | €817.5m | €276.0m | 13.6x | 16.2x | 5.5x |
| Fri, 17 May 2024 | €4.2b | €719.9m | €204.9m | 22.9x | 20.5x | 5.8x |
| Sun, 14 Apr 2024 | €4.0b | €564.3m | €217.7m | 15.7x | 18.5x | 7.1x |
| Tue, 12 Mar 2024 | €4.1b | €538.6m | €162.8m | 23x | 25.3x | 7.6x |
| Thu, 08 Feb 2024 | €4.2b | €538.1m | €169.0m | 23.3x | 24.7x | 7.8x |
| Sat, 06 Jan 2024 | €4.4b | €563.8m | €193.0m | 18.9x | 22.6x | 7.7x |
| Mon, 04 Dec 2023 | €4.2b | €556.8m | €186.8m | 20.5x | 22.2x | 7.5x |
| Wed, 01 Nov 2023 | €3.8b | €516.0m | €178.5m | 20.2x | 21x | 7.3x |
| Fri, 29 Sep 2023 | €3.7b | €438.0m | €154.9m | 10.2x | 23.8x | 8.4x |
| Sun, 27 Aug 2023 | €3.9b | €437.4m | €155.6m | 10.2x | 25.1x | 8.9x |
| Tue, 25 Jul 2023 | €4.0b | €437.5m | €144.5m | 14.6x | 27.9x | 9.2x |
| Thu, 22 Jun 2023 | €4.1b | €442.3m | €146.1m | 15.2x | 27.8x | 9.2x |
Price to Earnings Ratio
27.8x
Current Industry PE
- Investors are pessimistic on the Greek Real Estate industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 12.4x which is lower than its 3-year average PE of 16.2x.
- The 3-year average PS ratio of 5.3x is higher than the industry's current PS ratio of 4.0x.
Past Earnings Growth
- The earnings for companies in the Real Estate industry have grown 32% per year over the last three years.
- Revenues for these companies have grown 33% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Greek Real Estate sector?
| GR Market | 2.05% | |
| Real Estate | -1.46% | |
| Real Estate | 4.43% | |
| Retail REITs | -2.20% | |
| REITS | -5.30% | |
Industry PE
- Investors are most optimistic about the REITS industry which is trading above its 3-year average PE ratio of 13.8x.
- Analysts expect its future annual earnings decline (10.4%) to be largely in line with prior year's earnings decline.
- Investors are most pessimistic about the Retail REITs industry, which is trading below its 3-year average of 21.4x.
Forecasted Growth
- Analysts are most optimistic on the Real Estate industry, expecting annual earnings growth of 13% over the next 5 years.
- However this is lower than its past earnings growth rate of 30% per year.
- In contrast, the REITS industry is expected to see its earnings decline by 10% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| LAMDA LAMDA Development | €6.67 | 7.0% +€74.1m | 4.6% | PE12.5x | |
| NOVAL Noval Property Real Estate Investment | €2.66 | 1.9% +€6.3m | 7.7% | PB0.6x | |
| BRIQ BriQ Properties Real Estate Investment | €3.07 | 2.0% +€2.8m | 19.9% | PB0.8x | |
| ORILINA Orilina Properties REIC | €0.87 | 1.9% +€2.4m | 12.6% | PB0.8x | |
| TRASTOR Trastor Real Estate Investment Company | €0.94 | 0.2% +€789.5k | -21.3% | PB0.9x |