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Greek (ASE) Real Estate Sector Analysis
UpdatedJan 31, 2025
DataAggregated Company Financials
Companies10
- 7D-1.7%
- 3M-1.6%
- 1Y-8.9%
- YTD-2.3%
Over the last 7 days, the Real Estate industry has dropped 1.5%, driven by Prodea Real Estate Investment Company Société Anonyme declining 3.9%. However, the industry is down 9.2% over the past year. Looking forward, earnings are forecast to grow by 43% 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 |
|---|---|---|---|---|---|---|
| Fri, 31 Jan 2025 | €3.9b | €969.8m | €273.5m | 7.9x | 14.3x | 4x |
| Sun, 29 Dec 2024 | €4.0b | €973.7m | €274.6m | 12x | 14.7x | 4.2x |
| Tue, 26 Nov 2024 | €3.9b | €973.7m | €274.6m | 11.8x | 14.3x | 4x |
| Thu, 24 Oct 2024 | €4.1b | €868.7m | €181.8m | 12.5x | 22.8x | 4.8x |
| Sat, 21 Sep 2024 | €4.3b | €831.0m | €167.1m | 14.2x | 25.7x | 5.2x |
| Mon, 19 Aug 2024 | €4.3b | €810.2m | €227.5m | 17.9x | 18.7x | 5.2x |
| Wed, 17 Jul 2024 | €4.3b | €807.2m | €222.0m | 17.4x | 19.2x | 5.3x |
| Fri, 14 Jun 2024 | €4.5b | €723.3m | €254.0m | 13.8x | 17.6x | 6.2x |
| Sun, 12 May 2024 | €4.2b | €719.9m | €204.9m | 22.9x | 20.6x | 5.9x |
| Tue, 09 Apr 2024 | €4.0b | €564.3m | €217.7m | 15.9x | 18.5x | 7.2x |
| Thu, 07 Mar 2024 | €4.1b | €538.6m | €162.8m | 23x | 25.4x | 7.7x |
| Sat, 03 Feb 2024 | €4.3b | €563.8m | €193.1m | 18.9x | 22.3x | 7.6x |
| Mon, 01 Jan 2024 | €4.3b | €563.8m | €193.0m | 18.9x | 22.2x | 7.6x |
| Wed, 29 Nov 2023 | €4.1b | €556.8m | €186.8m | 20x | 21.9x | 7.4x |
| Fri, 27 Oct 2023 | €3.7b | €516.0m | €178.5m | 19.5x | 20.8x | 7.2x |
| Sun, 24 Sep 2023 | €3.7b | €438.0m | €154.3m | 10.2x | 23.8x | 8.4x |
| Tue, 22 Aug 2023 | €3.9b | €437.4m | €155.6m | 10.1x | 24.9x | 8.8x |
| Thu, 20 Jul 2023 | €4.1b | €437.5m | €144.5m | 14.6x | 28.2x | 9.3x |
| Sat, 17 Jun 2023 | €4.0b | €442.3m | €146.1m | 15.2x | 27.5x | 9.1x |
| Mon, 15 May 2023 | €3.9b | €384.2m | €116.2m | 16.2x | 33.9x | 10.2x |
| Wed, 12 Apr 2023 | €4.0b | €371.1m | €125.3m | 16.3x | 31.7x | 10.7x |
| Fri, 10 Mar 2023 | €4.2b | €328.3m | €150.3m | 14.7x | 28x | 12.8x |
| Sun, 05 Feb 2023 | €4.1b | €328.3m | €150.3m | 13.6x | 27x | 12.4x |
| Tue, 03 Jan 2023 | €4.1b | €328.3m | €150.3m | 14.3x | 27.1x | 12.4x |
| Thu, 01 Dec 2022 | €4.1b | €327.6m | €144.9m | 15.4x | 28.4x | 12.6x |
| Sat, 29 Oct 2022 | €4.2b | €320.8m | €162.2m | 15.4x | 25.9x | 13.1x |
| Mon, 26 Sep 2022 | €4.1b | €302.4m | €391.8m | 11.8x | 10.5x | 13.7x |
| Wed, 24 Aug 2022 | €4.3b | €315.7m | €408.9m | 11x | 10.6x | 13.7x |
| Fri, 22 Jul 2022 | €4.1b | €225.8m | €408.9m | 10.8x | 10.1x | 18.4x |
| Sun, 19 Jun 2022 | €3.9b | €304.4m | €409.8m | 10.7x | 9.5x | 12.7x |
| Tue, 17 May 2022 | €3.9b | €296.5m | €414.8m | 11x | 9.4x | 13.2x |
| Thu, 14 Apr 2022 | €4.0b | €283.6m | €400.0m | 9.6x | 9.9x | 14x |
| Sat, 12 Mar 2022 | €4.1b | €271.1m | €342.2m | 17.2x | 11.9x | 15x |
| Mon, 07 Feb 2022 | €4.3b | €271.1m | €342.2m | 18.4x | 12.6x | 15.8x |
Price to Earnings Ratio
12.6x
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 14.3x which is lower than its 3-year average PE of 20.5x.
- The 3-year average PS ratio of 9.5x 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 declined 7.2% per year over the last three years.
- Meanwhile revenues for these companies have grown 53% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Greek Real Estate sector?
| GR Market | 1.37% | |
| Real Estate | -1.66% | |
| Retail REITs | 2.67% | |
| Specialized REITs | 0% | 0 |
| Residential REITs | 0% | 0 |
| Hotel and Resort REITs | 0% | 0 |
| Industrial REITs | 0% | 0 |
| Health Care REITs | 0% | 0 |
| Office REITs | 0% | 0 |
| Real Estate | -0.65% | |
| REITS | -2.81% | |
Industry PE
- Investors are most optimistic about the Real Estate industry which is trading above its 3-year average PE ratio of 0.48x.
- Analysts are expecting annual earnings growth of 49.3%, which is higher than its past year's earnings growth of 27.5% per year.
- Investors are most pessimistic about the Retail REITs industry, which is trading below its 3-year average of 31.3x.
Forecasted Growth
- Analysts are most optimistic on the Real Estate industry, expecting annual earnings growth of 49% over the next 5 years.
- This is better than its past earnings growth rate of 27% per year.
- In contrast, the Retail 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 | |
|---|---|---|---|---|---|
| TRESTATES Trade Estates REIC | €1.69 | 2.7% +€5.3m | 1.0% | PB0.7x | |
| ASTAK Alpha Real Estate Services | €7.30 | 2.8% +€2.8m | -24.0% | PE47.2x | |
| ORILINA Orilina Properties REIC | €0.80 | 2.0% +€2.5m | -5.3% | PB0.8x | |
| PREMIA Premia Real Estate Investment Company Societe Anonyme | €1.26 | 1.0% +€1.0m | 8.2% | PE5.5x | |
| BRIQ BriQ Properties Real Estate Investment | €2.30 | 0.9% +€707.4k | 18.3% | PB0.7x |
