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Greek (ASE) REITS Industry Analysis
UpdatedMay 20, 2025
DataAggregated Company Financials
Companies5
- 7D0.9%
- 3M-2.9%
- 1Y-18.3%
- YTD-3.3%
Over the last 7 days, the REITS industry has remained flat, although notably Trastor Real Estate Investment Company declined by 5.0%. Unfortunately though, the industry is down 19% over the past 12 months. 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 |
|---|---|---|---|---|---|---|
| Tue, 20 May 2025 | €2.4b | €308.9m | €241.6m | 8.5x | 9.8x | 7.6x |
| Thu, 17 Apr 2025 | €2.3b | €289.9m | €202.1m | 8.7x | 11.2x | 7.8x |
| Sat, 15 Mar 2025 | €2.1b | €255.7m | €161.3m | 11.1x | 12.9x | 8.1x |
| Mon, 10 Feb 2025 | €2.1b | €256.7m | €177.3m | 10.6x | 11.8x | 8.2x |
| Wed, 08 Jan 2025 | €2.1b | €256.7m | €177.3m | 10.3x | 12.1x | 8.4x |
| Fri, 06 Dec 2024 | €2.1b | €256.7m | €177.3m | 9.9x | 11.6x | 8x |
| Sun, 03 Nov 2024 | €2.1b | €252.2m | €171.6m | 10.4x | 12.2x | 8.3x |
| Tue, 01 Oct 2024 | €2.2b | €213.2m | €115.8m | 12.5x | 19x | 10.3x |
| Thu, 29 Aug 2024 | €2.4b | €186.8m | €116.6m | 12.9x | 20.3x | 12.7x |
| Sat, 27 Jul 2024 | €2.4b | €183.9m | €111.2m | 12.4x | 21.3x | 12.9x |
| Mon, 24 Jun 2024 | €2.1b | €183.9m | €111.7m | 12.7x | 19.1x | 11.6x |
| Wed, 22 May 2024 | €2.2b | €183.9m | €111.7m | 12.8x | 19.6x | 11.9x |
| Fri, 19 Apr 2024 | €2.1b | €214.4m | €121.7m | 15.6x | 17x | 9.6x |
| Sun, 17 Mar 2024 | €2.1b | €214.1m | €117.1m | 16x | 17.7x | 9.7x |
| Tue, 13 Feb 2024 | €2.1b | €214.1m | €117.1m | 16.6x | 17.7x | 9.7x |
| Thu, 11 Jan 2024 | €2.2b | €239.8m | €141.2m | 11.8x | 15.9x | 9.3x |
| Sat, 09 Dec 2023 | €2.1b | €233.9m | €133.5m | 6.8x | 16.1x | 9.2x |
| Mon, 06 Nov 2023 | €2.1b | €233.9m | €133.5m | 6.9x | 15.6x | 8.9x |
| Wed, 04 Oct 2023 | €2.0b | €233.6m | €133.7m | 6.6x | 15.1x | 8.6x |
| Fri, 01 Sep 2023 | €2.0b | €219.2m | €174.6m | 5.8x | 11.6x | 9.2x |
| Sun, 30 Jul 2023 | €2.1b | €219.2m | €174.6m | 5.8x | 12.2x | 9.7x |
| Tue, 27 Jun 2023 | €2.2b | €219.2m | €174.6m | 5.8x | 12.6x | 10x |
| Thu, 25 May 2023 | €2.2b | €218.9m | €174.7m | 5.7x | 12.5x | 10x |
| Sat, 22 Apr 2023 | €2.3b | €218.9m | €174.7m | 5.9x | 13.3x | 10.6x |
| Mon, 20 Mar 2023 | €2.4b | €175.2m | €196.1m | 6.1x | 12.4x | 13.9x |
| Wed, 15 Feb 2023 | €2.3b | €183.1m | €199.6m | 10x | 11.7x | 12.7x |
| Fri, 13 Jan 2023 | €2.4b | €183.1m | €199.6m | 10.2x | 12.1x | 13.2x |
| Sun, 11 Dec 2022 | €2.5b | €183.1m | €199.6m | 10.4x | 12.6x | 13.7x |
| Tue, 08 Nov 2022 | €2.5b | €182.3m | €194.2m | 10.7x | 13x | 13.8x |
| Thu, 06 Oct 2022 | €2.5b | €182.3m | €194.2m | 10.6x | 13x | 13.9x |
| Sat, 03 Sep 2022 | €2.5b | €193.8m | €200.6m | 10.8x | 12.7x | 13.1x |
| Mon, 01 Aug 2022 | €2.5b | €193.8m | €200.6m | 10.8x | 12.7x | 13.1x |
| Wed, 29 Jun 2022 | €2.5b | €193.8m | €200.6m | 10.8x | 12.7x | 13.1x |
| Fri, 27 May 2022 | €2.5b | €187.2m | €205.8m | 11x | 12.4x | 13.6x |
Price to Earnings Ratio
12.4x
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 9.7x which is lower than its 3-year average PE of 14.3x.
- The 3-year average PS ratio of 10.9x is higher than the industry's current PS ratio of 7.6x.
Past Earnings Growth
- The earnings for companies in the REITs industry have grown 5.3% per year over the last three years.
- Revenues for these companies have grown 18% 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 industry?
| GR Market | 1.37% | |
| Real Estate | 0.89% | |
| REITS | 0.86% | |
| Retail REITs | 2.75% | |
| Diversified REITs | 0.86% | |
| Office REITs | 0% | 0 |
Industry PE
- Investors are most optimistic about the Diversified REITs industry even though it's trading below its 3-year average PE ratio of 14.3x.
- Analysts are expecting annual earnings decline of 16.7%, which is lower than the prior year's growth of 43.0% per year.
- Investors are most pessimistic about the Retail REITs industry, which is trading below its 3-year average of 25.4x.
Forecasted Growth
- Analysts are most optimistic on the Retail REITs industry, expecting annual earnings growth of 12% over the next 5 years.
- This is better than its past earnings decline of 36% per year.
- 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 | |
|---|---|---|---|---|---|
| NOVAL Noval Property Real Estate Investment | €2.60 | 8.3% +€25.3m | n/a | PB0.6x | |
| BRIQ BriQ Properties Real Estate Investment | €2.64 | 2.7% +€3.1m | 33.3% | PB0.8x | |
| ORILINA Orilina Properties REIC | €0.78 | 1.3% +€1.5m | -7.2% | PB0.7x |