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Greek (ASE) REITS Industry Analysis
UpdatedMar 23, 2025
DataAggregated Company Financials
Companies5
- 7D-1.2%
- 3M-5.5%
- 1Y-13.2%
- YTD-2.8%
Over the last 7 days, the REITS industry has dropped 1.2%, driven by a pullback from Prodea Real Estate Investment Company Société Anonyme of 1.7%. However, the industry is down 13% over the past year. As for the next few years, earnings are forecast to decline by 17% per annum.
Industry Valuation and Performance
Has the Greek REITS Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 23 Mar 2025 | €2.4b | €287.8m | €194.7m | 9.5x | 12.2x | 8.2x |
| Tue, 18 Feb 2025 | €2.1b | €256.7m | €177.3m | 10.5x | 11.9x | 8.2x |
| Thu, 16 Jan 2025 | €2.1b | €256.7m | €177.3m | 10.2x | 12.1x | 8.4x |
| Sat, 14 Dec 2024 | €2.3b | €256.7m | €177.3m | 10.1x | 12.7x | 8.8x |
| Mon, 11 Nov 2024 | €2.1b | €256.7m | €177.3m | 10.3x | 11.8x | 8.1x |
| Wed, 09 Oct 2024 | €2.2b | €212.1m | €113.6m | 15.7x | 19.2x | 10.3x |
| Fri, 06 Sep 2024 | €2.4b | €186.8m | €116.6m | 12.9x | 20.3x | 12.7x |
| Sun, 04 Aug 2024 | €2.4b | €183.9m | €111.2m | 13.3x | 21.3x | 12.9x |
| Tue, 02 Jul 2024 | €2.1b | €183.9m | €111.2m | 12.6x | 19.2x | 11.6x |
| Thu, 30 May 2024 | €2.2b | €183.9m | €111.7m | 12.7x | 19.6x | 11.9x |
| Sat, 27 Apr 2024 | €2.2b | €184.1m | €111.7m | 12.3x | 19.6x | 11.9x |
| Mon, 25 Mar 2024 | €2.1b | €214.1m | €117.1m | 16.1x | 17.7x | 9.7x |
| Wed, 21 Feb 2024 | €2.1b | €214.1m | €117.1m | 16.2x | 17.7x | 9.7x |
| Fri, 19 Jan 2024 | €2.2b | €239.8m | €141.2m | 11.9x | 15.9x | 9.3x |
| Sun, 17 Dec 2023 | €2.1b | €233.9m | €133.5m | 6.8x | 15.8x | 9x |
| Tue, 14 Nov 2023 | €2.1b | €233.9m | €133.5m | 7x | 15.7x | 9x |
| Thu, 12 Oct 2023 | €2.1b | €233.6m | €133.7m | 6.6x | 15.4x | 8.8x |
| Sat, 09 Sep 2023 | €2.0b | €219.2m | €174.6m | 5.7x | 11.5x | 9.2x |
| Mon, 07 Aug 2023 | €2.1b | €219.2m | €174.6m | 5.9x | 12.1x | 9.7x |
| Wed, 05 Jul 2023 | €2.2b | €219.2m | €174.6m | 5.8x | 12.6x | 10x |
| Fri, 02 Jun 2023 | €2.2b | €218.9m | €174.7m | 5.8x | 12.4x | 9.9x |
| Sun, 30 Apr 2023 | €2.3b | €218.9m | €174.7m | 6x | 13.3x | 10.6x |
| Tue, 28 Mar 2023 | €2.4b | €175.2m | €196.1m | 6.1x | 12.4x | 13.9x |
| Thu, 23 Feb 2023 | €2.5b | €183.1m | €199.6m | 10.5x | 12.6x | 13.7x |
| Sat, 21 Jan 2023 | €2.4b | €183.1m | €199.6m | 10.2x | 12.2x | 13.3x |
| Mon, 19 Dec 2022 | €2.5b | €183.1m | €199.6m | 10.4x | 12.6x | 13.7x |
| Wed, 16 Nov 2022 | €2.5b | €182.3m | €194.2m | 10.8x | 13x | 13.8x |
| Fri, 14 Oct 2022 | €2.5b | €182.3m | €194.2m | 10.7x | 13x | 13.8x |
| Sun, 11 Sep 2022 | €2.5b | €193.8m | €200.6m | 10.8x | 12.7x | 13.1x |
| Tue, 09 Aug 2022 | €2.5b | €193.8m | €200.6m | 10.8x | 12.7x | 13.2x |
| Thu, 07 Jul 2022 | €2.5b | €193.8m | €200.6m | 10.8x | 12.7x | 13.1x |
| Sat, 04 Jun 2022 | €2.5b | €187.2m | €205.8m | 11.1x | 12.4x | 13.6x |
| Mon, 02 May 2022 | €2.4b | €187.7m | €207.1m | 10.8x | 11.6x | 12.8x |
| Wed, 30 Mar 2022 | €2.4b | €184.0m | €189.7m | 15.9x | 12.6x | 13x |
Price to Earnings Ratio
12.6x
Current Industry PE
- Investors are pessimistic on the Greek REITs 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 12.2x which is lower than its 3-year average PE of 14.4x.
- The 3-year average PS ratio of 11.2x is higher than the industry's current PS ratio of 8.2x.
Past Earnings Growth
- The earnings for companies in the REITs industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have grown 114% 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 and as a result, profits have held steady.
Industry Trends
Which industries have driven the changes within the Greek Real Estate industry?
| GR Market | -0.27% | |
| Real Estate | -1.03% | |
| REITS | -1.16% | |
| Retail REITs | 0.25% | |
| Office REITs | 0% | 0 |
| Diversified REITs | -1.16% | |
Industry PE
- Investors are most optimistic about the Diversified REITs industry even though it's trading below its 3-year average PE ratio of 14.4x.
- Analysts are expecting annual earnings decline of 17.2%, which is lower than the prior year's growth of 1.8% per year.
- Investors are most pessimistic about the Retail REITs industry, which is trading below its 3-year average of 25.8x.
Forecasted Growth
- Analysts are most optimistic on the Retail REITs industry, expecting annual earnings growth of 0.2% over the next 5 years.
- In contrast, the Diversified REITs industry is expected to see its earnings decline by 17% 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 | |
|---|---|---|---|---|---|
| BRIQ BriQ Properties Real Estate Investment | €2.48 | 3.3% +€3.6m | 25.9% | PB1x |