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Moroccan (MASI) Real Estate Sector Analysis

UpdatedNov 24, 2025
DataAggregated Company Financials
Companies7
  • 7D-3.1%
  • 3M-2.8%
  • 1Y16.7%
  • YTD1.6%

Over the last 7 days, the Real Estate industry has dropped 3.1%, driven by declines in Douja Promotion Groupe Addoha and Alliances Developpement Immobilier of 3.4% and 3.4%, respectively. In contrast, Société Immobilière Balima has gained 6.0%. Over the past 12 months, the industry was up 17%. Earnings are forecast to grow by 53% annually.

Sector Valuation and Performance

Has the Moroccan Real Estate Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 24 Nov 2025د.م39.7bد.م9.5bد.م1.2b22.4x34.1x4.2x
Wed, 22 Oct 2025د.م39.6bد.م9.5bد.م1.1b24.3x35.4x4.2x
Fri, 19 Sep 2025د.م40.9bد.م9.5bد.م978.5m29x41.8x4.3x
Sun, 17 Aug 2025د.م40.6bد.م9.5bد.م955.0m26.2x42.5x4.3x
Tue, 15 Jul 2025د.م37.0bد.م9.5bد.م955.0m24.6x38.8x3.9x
Thu, 12 Jun 2025د.م38.5bد.م9.5bد.م953.1m26.9x40.3x4x
Sat, 10 May 2025د.م38.1bد.م9.7bد.م959.5m26.4x39.7x3.9x
Mon, 07 Apr 2025د.م39.1bد.م5.6bد.م819.5m32.3x47.7x6.9x
Wed, 05 Mar 2025د.م39.4bد.م5.4bد.م683.2m42.1x57.7x7.3x
Fri, 31 Jan 2025د.م40.4bد.م5.4bد.م683.2m40.1x59.1x7.5x
Sun, 29 Dec 2024د.م34.4bد.م5.4bد.م683.2m32.9x50.4x6.4x
Tue, 26 Nov 2024د.م32.5bد.م5.5bد.م683.2m28.8x47.6x5.9x
Thu, 24 Oct 2024د.م30.2bد.م5.5bد.م693.0m32.3x43.5x5.5x
Sat, 21 Sep 2024د.م31.1bد.م5.3bد.م628.5m45x49.5x5.9x
Mon, 19 Aug 2024د.م27.0bد.م5.3bد.م628.5m43x42.9x5.1x
Wed, 17 Jul 2024د.م26.3bد.م5.3bد.م628.5m40.2x41.8x4.9x
Fri, 14 Jun 2024د.م26.1bد.م5.3bد.م628.5m43.4x41.6x4.9x
Sun, 12 May 2024د.م27.3bد.م6.4bد.م628.5m45.1x43.5x4.3x
Tue, 09 Apr 2024د.م25.5bد.م5.0bد.م517.9m57.3x49.3x5.1x
Thu, 07 Mar 2024د.م19.4bد.م5.0bد.م478.1m57.3x40.6x3.9x
Sat, 03 Feb 2024د.م17.2bد.م4.9bد.م485.2m54.9x35.5x3.5x
Mon, 01 Jan 2024د.م15.0bد.م4.9bد.م485.2m48.3x30.9x3x
Wed, 29 Nov 2023د.م15.5bد.م5.0bد.م475.6m47.8x32.6x3.1x
Fri, 27 Oct 2023د.م15.1bد.م5.0bد.م475.3m45.5x31.9x3x
Sun, 24 Sep 2023د.م15.7bد.م4.2bد.م408.4m21.7x38.5x3.8x
Tue, 22 Aug 2023د.م12.5bد.م4.4bد.م429.3m21.8x29.1x2.9x
Thu, 20 Jul 2023د.م12.6bد.م4.4bد.م429.3m21.6x29.3x2.9x
Sat, 17 Jun 2023د.م12.3bد.م4.4bد.م420.7m28.2x29.3x2.8x
Mon, 15 May 2023د.م11.0bد.م4.4bد.م304.6m21.8x36.1x2.5x
Wed, 12 Apr 2023د.م9.9bد.م4.2bد.م278.9m21.2x35.4x2.3x
Fri, 10 Mar 2023د.م9.6bد.م4.2bد.م407.1m12.9x23.6x2.3x
Sun, 05 Feb 2023د.م10.7bد.م4.2bد.م407.1m12.7x26.3x2.6x
Tue, 03 Jan 2023د.م11.0bد.م4.1bد.م387.3m13.7x28.4x2.7x
Thu, 01 Dec 2022د.م10.1bد.م4.1bد.م379.1m13.6x26.7x2.5x
Price to Earnings Ratio

26.7x


Total Market Cap: د.م10.1bTotal Earnings: د.م379.1mTotal Revenue: د.م4.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Moroccan Real Estate Sector Price to Earnings3Y Average 38.8x202320242025
Current Industry PE
  • Investors are pessimistic on the Moroccan 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 34.1x which is lower than its 3-year average PE of 38.8x.
  • The industry is trading close to its 3-year average PS ratio of 4.3x.
Past Earnings Growth
  • The earnings for companies in the Real Estate industry have grown 45% 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 Moroccan Real Estate sector?

MA Market-1.44%
Real Estate-3.08%
REITS-0.056%
Real Estate-3.14%
Industry PE
  • Investors are most optimistic about the Real Estate industry, which is trading close to its 3-year average PE ratio of 38.6x.
    • Analysts are expecting annual earnings growth of 53.5%, which is higher than its past year's earnings growth of 16.9% per year.
  • Investors are most pessimistic about the REITS industry, which is trading below its 3-year average of 371x.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate industry, expecting annual earnings growth of 53% over the next 5 years.
  • This is better than its past earnings growth rate of 17% per year.
  • In contrast, the Real Estate industry is expected to see its earnings grow by 53% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
BAL Société Immobilière Balimaد.م244.806.0%
+د.م24.1m		n/aPE27.4x

Latest News

ADH
د.م36.21
Douja Promotion Groupe Addoha
7D
-3.4%
1Y
-3.1%
BAL
د.م244.80
Société Immobilière Balima
7D
6.0%
1Y
n/a
IMO
د.م89.95
Immorente Invest
7D
-0.06%
1Y
-0.06%
ARD
د.م444.00
Aradei Capital
7D
-2.0%
1Y
-7.9%
MAB
د.م917.00
Société Maghrébine de Crédit-bail
7D
-1.0%
1Y
-1.3%
ADI
د.م570.00
Alliances Developpement Immobilier
7D
-3.4%
1Y
48.1%
RDS
د.م173.90
Résidences Dar Saada
7D
-1.5%
1Y
142.9%