Analysis Article • Jul 15
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Greek (ASE) Real Estate Sector Analysis
UpdatedAug 01, 2026
DataAggregated Company Financials
Companies11
- 7D3.4%
- 3M-18.5%
- 1Y-17.4%
- YTD-22.7%
The Real Estate industry is up 1.0% in the last week, with Prodea Real Estate Investment Company Société Anonyme up 10%. Meanwhile, Alpha Real Estate Services actually underperformed within the industry, shrinking 7.6% in the last week. In the past year, the industry is down 21%. As for the next few years, earnings are expected to grow by 3.7% per annum.
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 |
|---|---|---|---|---|---|---|
| Sat, 01 Aug 2026 | €3.6b | €1.1b | €333.4m | 8.9x | 10.7x | 3.3x |
| Mon, 29 Jun 2026 | €3.7b | €1.1b | €339.5m | 9.1x | 10.9x | 3.5x |
| Wed, 27 May 2026 | €4.3b | €1.1b | €339.5m | 9.4x | 12.6x | 4.1x |
| Fri, 24 Apr 2026 | €4.3b | €1.1b | €338.3m | 8.3x | 12.6x | 4x |
| Sun, 22 Mar 2026 | €4.1b | €1.0b | €473.2m | 8.1x | 8.7x | 4x |
| Tue, 17 Feb 2026 | €4.4b | €1.2b | €532.1m | 8.6x | 8.2x | 3.7x |
| Thu, 15 Jan 2026 | €4.4b | €1.2b | €532.1m | 8.8x | 8.3x | 3.7x |
| Sat, 13 Dec 2025 | €4.4b | €1.2b | €551.9m | 8.4x | 7.9x | 3.7x |
| Mon, 10 Nov 2025 | €4.3b | €1.2b | €551.9m | 8x | 7.8x | 3.6x |
| Wed, 08 Oct 2025 | €4.4b | €1.2b | €533.4m | 8.1x | 8.3x | 3.7x |
| Fri, 05 Sep 2025 | €4.3b | €1.1b | €377.2m | 9x | 11.4x | 4.1x |
| Sun, 03 Aug 2025 | €4.1b | €1.1b | €381.6m | 8.6x | 10.8x | 3.9x |
| Tue, 01 Jul 2025 | €4.1b | €1.1b | €381.6m | 8.7x | 10.8x | 3.9x |
| Thu, 29 May 2025 | €4.1b | €1.1b | €392.4m | 8.6x | 10.6x | 3.8x |
| Sat, 26 Apr 2025 | €4.0b | €1.1b | €388.8m | 8.5x | 10.3x | 3.7x |
| Mon, 24 Mar 2025 | €4.1b | €1.0b | €311.0m | 8.8x | 13.2x | 4.1x |
| Wed, 19 Feb 2025 | €3.9b | €969.8m | €273.5m | 8.3x | 14.3x | 4x |
| Fri, 17 Jan 2025 | €4.0b | €969.8m | €273.5m | 8.1x | 14.6x | 4.1x |
| Sun, 15 Dec 2024 | €4.1b | €973.7m | €274.6m | 11.8x | 15x | 4.2x |
| Tue, 12 Nov 2024 | €4.0b | €913.3m | €245.5m | 9x | 16.2x | 4.4x |
| Thu, 10 Oct 2024 | €4.2b | €868.7m | €181.8m | 12.4x | 22.8x | 4.8x |
| Sat, 07 Sep 2024 | €4.2b | €814.4m | €226.2m | 17.6x | 18.8x | 5.2x |
| Mon, 05 Aug 2024 | €4.3b | €807.2m | €222.0m | 17.6x | 19.3x | 5.3x |
| Wed, 03 Jul 2024 | €4.3b | €807.2m | €222.0m | 17.8x | 19.2x | 5.3x |
| Fri, 31 May 2024 | €4.1b | €723.3m | €254.0m | 14.2x | 16.3x | 5.7x |
| Sun, 28 Apr 2024 | €4.2b | €720.0m | €215.8m | 13.7x | 19.5x | 5.8x |
| Tue, 26 Mar 2024 | €4.1b | €565.5m | €200.5m | 18.9x | 20.6x | 7.3x |
| Thu, 22 Feb 2024 | €4.1b | €538.1m | €169.0m | 23.2x | 24.5x | 7.7x |
| Sat, 20 Jan 2024 | €4.3b | €563.8m | €193.1m | 18.9x | 22.4x | 7.7x |
| Mon, 18 Dec 2023 | €4.3b | €556.8m | €186.8m | 20.6x | 23x | 7.7x |
| Wed, 15 Nov 2023 | €4.0b | €516.3m | €178.2m | 20.4x | 22.6x | 7.8x |
| Fri, 13 Oct 2023 | €3.8b | €516.0m | €178.5m | 19.3x | 21.1x | 7.3x |
| Sun, 10 Sep 2023 | €3.8b | €437.8m | €156.0m | 10x | 24.2x | 8.6x |
| Tue, 08 Aug 2023 | €4.0b | €438.2m | €155.8m | 10.3x | 25.4x | 9x |
Price to Earnings Ratio
25.4x
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 10.4x which is lower than its 3-year average PE of 15.5x.
- The 3-year average PS ratio of 5.1x is higher than the industry's current PS ratio of 3.2x.
Past Earnings Growth
- The earnings for companies in the Real Estate industry have grown 29% per year over the last three years.
- Revenues for these companies have grown 35% 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 | 2.98% | |
| Real Estate | 3.37% | |
| REITS | 5.36% | |
| Real Estate | 1.78% | |
| Retail REITs | 0.21% | |
Industry PE
- Investors are most optimistic about the REITS industry, which is trading close to its 3-year average PE ratio of 13.8x.
- Analysts are expecting annual earnings decline of 1.2%, which is less than its past year's earnings decline of 12.6%.
- Investors are most pessimistic about the Retail REITs industry, which is trading below its 3-year average of 20.6x.
Forecasted Growth
- Analysts are most optimistic on the Real Estate industry, expecting annual earnings growth of 7.0% 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 growth to stay flat 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 | |
|---|---|---|---|---|---|
| PRODEA Prodea Real Estate Investment Company Société Anonyme | €2.98 | 10.4% +€71.5m | -49.9% | PB0.6x | |
| LAMDA LAMDA Development | €6.32 | 3.2% +€33.2m | -0.6% | PE12.8x | |
| NOVAL Noval Property Real Estate Investment | €2.60 | 4.0% +€12.6m | 0% | PB0.6x | |
| DIMAND Dimand | €12.95 | 1.2% +€2.8m | 34.1% | PE7.1x | |
| BRIQ BriQ Properties Real Estate Investment | €3.19 | 1.6% +€2.3m | 8.9% | PB0.9x |