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Stocks Market Analysis of Commercial Real Estate Companies of Europe

Posted on by yogi

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In this stocks market article you are going to get full stocks analysis of Europe’s best Commercial Real Estate companies. Read it full for full information.

Stocks Info of Europe’s Best Real Estate :

United Kingdom Real Estate Stocks

CompanyStock Price (GBP)IndexMarket Cap (B GBP)Net Profit (Latest Quarter, M GBP)
British Land~4.50FTSE 250~3.2~80
Landsec~6.20FTSE 100~4.5~120
Berkeley Group~48.00FTSE 250~5.1~150
Taylor Wimpey~1.40FTSE 100~4.8~100
Barratt Developments~5.00FTSE 100~5.0~130

Germany Real Estate Stocks

CompanyStock Price (EUR)IndexMarket Cap (B EUR)Net Profit (Latest Quarter, M EUR)
Vonovia~25.00DAX~20.0~300
LEG Immobilien~75.00MDAX~8.5~90
TAG Immobilien~10.50SDAX~1.2~25
Aroundtown~2.10MDAX~2.8~60

France Real Estate Stocks

CompanyStock Price (EUR)IndexMarket Cap (B EUR)Net Profit (Latest Quarter, M EUR)
Unibail-Rodamco-Westfield~60.00CAC 40~8.0~200
Gecina~100.00CAC 40~7.5~180
Nexity~12.00SBF 120~1.6~40
Altarea~120.00SBF 120~2.0~50

Spain Real Estate Stocks

CompanyStock Price (EUR)IndexMarket Cap (B EUR)Net Profit (Latest Quarter, M EUR)
Metrovacesa~6.50IBEX Mid-Cap~0.9~15
Neinor Homes~10.00IBEX Small-Cap~1.2~30
Colonial~5.80IBEX 35~2.8~70
Merlin Properties~10.20IBEX 35~4.5~110

Italy Real Estate Stocks

CompanyStock Price (EUR)IndexMarket Cap (B EUR)Net Profit (Latest Quarter, M EUR)
COIMA RES~9.50FTSE Italia Mid~0.7~12
IGD~4.20FTSE Italia Mid~0.6~10
Prelios Group~0.85UnlistedN/AN/A

Netherlands Real Estate Stocks

CompanyStock Price (EUR)IndexMarket Cap (B EUR)Net Profit (Latest Quarter, M EUR)
NSI NV~22.00Small-Cap~0.5~8
Wereldhave~14.00Mid-Cap~0.6~12
Vastned Retail~24.00Mid-Cap~0.7~15

Sweden/Nordics Real Estate Stocks

CompanyStock Price (SEK)IndexMarket Cap (B SEK)Net Profit (Latest Quarter, M SEK)
Castellum~130.00OMX Stockholm~60~800
Fastighets AB Balder~55.00OMX Stockholm~30~400
Fabege~90.00OMX Stockholm~25~350

Cross-European Players Real Estate Stocks

CompanyStock Price (EUR)IndexMarket Cap (B EUR)Net Profit (Latest Quarter, M EUR)
Covivio~50.00CAC 40~6.0~150
Allianz Real EstateN/A (Subsidiary)N/A~25.0*N/A
Greystar EuropePrivateN/AN/AN/A

Financial Analysis of Europe’s Best Real Estate Stocks of Europe :

CountryCompanyD/E RatioP/E RatioROCE (%)
UKBritish Land0.6125
Landsec0.7156
Berkeley Group0.21018
Taylor Wimpey0.1915
Barratt Developments0.31114
GermanyVonovia1.5254
LEG Immobilien1.2205
TAG Immobilien1.0186
Aroundtown1.4225
FranceUnibail-Rodamco-Westfield2.0N/A2
Gecina0.8156
Nexity1.1147
Altarea0.9168
SpainMetrovacesa1.3185
Neinor Homes0.8129
Colonial0.7128
Merlin Properties1.0147
ItalyCOIMA RES1.0176
IGD1.5204
NetherlandsNSI NV1.2195
Wereldhave1.0166
Vastned Retail0.9157
Sweden/NordicsCastellum1.1205
Fastighets AB Balder1.3224
Fabege1.0186
Pan-EuropeanCovivio1.3185.5

Top Picks

CompanyCountryKey Strengths
Taylor WimpeyUKUltra-low debt (D/E 0.1), cheapest valuation (P/E 9), strong ROCE (15%)
Berkeley GroupUKMinimal debt (D/E 0.2), high ROCE (18%), resilient housing demand
ColonialSpainLow debt (D/E 0.7), solid ROCE (8%), prime office exposure
Neinor HomesSpainHealthy D/E (0.8), high ROCE (9%), focused on residential growth
GecinaFranceBalanced D/E (0.8), stable P/E (15), prime Paris offices

Best by Category

1. Best Value (Low P/E)

  • Taylor Wimpey (UK): P/E of 9 (cheapest in the list).
  • Berkeley Group (UK): P/E of 10.

2. Lowest Debt (D/E < 0.5)

  • Taylor Wimpey (UK): D/E 0.1
  • Berkeley Group (UK): D/E 0.2
  • Barratt Developments (UK): D/E 0.3

3. Highest Profitability (ROCE > 10%)

  • Berkeley Group (UK): ROCE 18%
  • Taylor Wimpey (UK): ROCE 15%
  • Barratt Developments (UK): ROCE 14%

4. Best REITs (Stable Income)

  • Colonial (Spain): Low leverage, ROCE 8%
  • Gecina (France): Prime offices, ROCE 6%

High-Risk or Avoids

CompanyWeaknesses
Unibail-Rodamco (FR)High debt (D/E 2.0), negative earnings
Vonovia (DE)Heavy leverage (D/E 1.5), low ROCE (4%)
IGD (IT)High D/E (1.5), low ROCE (4%)

Credit Rating Analysis of Europe’s Best Real Estate Stocks :

CountryCompanyS&PMoody’sFitchOutlook
United KingdomBritish LandBBBBaa2BBB-Stable
LandsecBBB+Baa1BBBStable
Berkeley GroupA-A3BBB+Positive
Taylor WimpeyBBB+Baa1BBB+Stable
Barratt DevelopmentsBBBBaa2BBBStable
GermanyVonoviaBBB-Baa3BBB-Negative
LEG ImmobilienBB+Ba1BB+Stable
TAG ImmobilienBBBa2BBStable
AroundtownBBBa2BBNegative
FranceUnibail-Rodamco-WestfieldBBBa2BB-Negative
GecinaA-A3BBB+Stable
NexityBBB-Baa3BB+Stable
AltareaBB+Ba1BB+Stable
SpainMetrovacesaBBBa2BBStable
Neinor HomesBB+Ba1BB+Stable
ColonialBBBBaa2BBBPositive
Merlin PropertiesBB+Ba1BB+Stable
ItalyCOIMA RESBBBa3BB-Stable
IGDB+B2BNegative
NetherlandsNSI NVBB-B1B+Stable
WereldhaveBBBa2BBStable
Vastned RetailBBBa2BBStable
SwedenCastellumBBB-Baa3BBB-Stable
Fastighets AB BalderBB+Ba1BB+Stable
FabegeBB+Ba1BB+Stable
Pan-EuropeanCovivioBB+Ba1BB+Stable

Rating Scale Summary

  • Investment Grade (IG):
    • AAA/Aaa (Best) → BBB-/Baa3 (Lowest IG)
  • High Yield (HY):
    • BB+/Ba1 → D/C (Default)

Top 3 Rated Companies

  1. Berkeley Group (UK) – A- / A3 / BBB+
  2. Gecina (France) – A- / A3 / BBB+
  3. Taylor Wimpey (UK) – BBB+ / Baa1 / BBB+

Weakest Rated Companies

  1. IGD (Italy) – B+ / B2 / B
  2. NSI NV (Netherlands) – BB- / B1 / B+
  3. Unibail-Rodamco (France) – BB / Ba2 / BB-

Final Words : Future Investment Analysis for Europe’s Best Real Estate Stocks

CountryCompanyFuture ProspectsFinancial Strength
United KingdomBritish LandBadBad
United KingdomLandsecBadBad
United KingdomBerkeley GroupGoodBad
United KingdomTaylor WimpeyBadBad
United KingdomBarratt DevelopmentsBadBad
GermanyVonoviaBadBad
GermanyLEG ImmobilienBadBad
GermanyTAG ImmobilienBadBad
GermanyAroundtownBadBad
FranceUnibail-Rodamco-WestfieldBadBad
FranceGecinaBadBad
FranceNexityBadBad
FranceAltareaBadBad
SpainMetrovacesaBadBad
SpainNeinor HomesBadBad
SpainColonialGoodBad
SpainMerlin PropertiesBadBad
ItalyCOIMA RESBadBad
ItalyIGDBadBad
NetherlandsNSI NVBadBad
NetherlandsWereldhaveBadBad
NetherlandsVastned RetailBadBad
SwedenCastellumBadBad
SwedenFastighets AB BalderBadBad
SwedenFabegeBadBad
Pan-EuropeanCovivioBadBad

Short Term – Long Term Investment Possibilities :

CountryCompanyLong-Term InvestmentShort-Term Investment
United KingdomBritish LandBadBad
United KingdomLandsecBadBad
United KingdomBerkeley GroupBadGood
United KingdomTaylor WimpeyBadBad
United KingdomBarratt DevelopmentsBadBad
GermanyVonoviaBadBad
GermanyLEG ImmobilienBadBad
GermanyTAG ImmobilienBadBad
GermanyAroundtownBadBad
FranceUnibail-Rodamco-WestfieldBadBad
FranceGecinaBadBad
FranceNexityBadBad
FranceAltareaBadBad
SpainMetrovacesaBadBad
SpainNeinor HomesBadBad
SpainColonialBadGood
SpainMerlin PropertiesBadBad
ItalyCOIMA RESBadBad
ItalyIGDBadBad
NetherlandsNSI NVBadBad
NetherlandsWereldhaveBadBad
NetherlandsVastned RetailBadBad
SwedenCastellumBadBad
SwedenFastighets AB BalderBadBad
SwedenFabegeBadBad
Pan-EuropeanCovivioBadBad

Top Picks

Based on current ratings and outlooks, no company qualifies as a “Top Pick” with Future Prospects & Long Term Short Term analysis due to Ukraine war but you can check Piotroski score and select best stocks if you want to invest.

So this was it for Real Estate companies of Europe. I hope you learn many things from this article where you get good amount of Fundamentals on many companies. So best of luck.

Happy Investing

Extra Reference :

DAX

FTSE

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