Retail Estates stock
RET.BRBRURetail Estates N.V., Real EstateISIN BE0003720340
62Score 62 out of 100, Neutral
Price and trend
63 / 100
Price history
+1.4% in one yearThe chart shows daily closes over 20 years, adjusted for stock splits and without dividends. Click into the chart to set a price alert at that price.
Below the 200-day line: the price is 4.7% below it.
Since September 2026 the 50-day line has been below the 200-day line; the trend has turned down.
Normal: the price is neither overheated nor sold off (RSI 54).
The price is 11% below its 52-week high. Largest decline in 20 years: 56% (November 2019 to March 2020).
Chart figures for advanced users
- SMA 50$70.07
- Average price of the last 50 trading days, shows the short-term trend.
- SMA 200$73.83
- Average price of the last 200 trading days, shows the long-term trend.
- RSI (14)54
- Relative strength over the last 14 days on a scale from 0 to 100. Above 70 the price counts as overheated, below 30 as sharply fallen.
- MACDabove the signal line
- Compares a fast and a slow price average. Above its signal line momentum is rising, below it momentum is fading.
- Support$68.15
- The lowest closing price of the last twelve months.
- Resistance$79.34
- The highest closing price of the last twelve months.
Snapshot
Computed from the data by fixed rules, no AI
- Retail Estates N.V. belongs to the REIT (Retail) industry (Belgium) and, with a market value of $1.06B, is number 26 of 36 companies in its industry on MEQIRI.
- In fiscal 2025 it reported revenue of $178.95M (up 1.6% year on year) and earnings of $136.24M (up 15.2%).
- For fiscal 2026, analysts expect on average revenue of $168.15M (down 6%) and adjusted earnings per share of $6.83 (down 18.7%).
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- MEQIRI Score 62 out of 100 (Neutral): rank 64 of 325 in Real Estate, median 55.
- The P/E is 7.8 (REIT (Retail) median 17.6, own median of recent years 9.2).
- For real estate investment trusts (REITs) what counts is funds from operations (FFO and AFFO). The P/E and the payout ratio of earnings say little here, because depreciation on properties depresses earnings.
- Our model puts fair value at $93.53, with the price 25% below it.
In plain words
The numbers on this page in plain words, written by an AI
Strengths
- High marginNet margin 76.1% over the last 12 months, REIT (Retail) median 32.2%.Profitability 70
- Modestly valuedP/E 7.8, REIT (Retail) median 17.6, own median 9.2.Valuation 90
- Consistently profitableProfit in all 10 fiscal years from 2016 to 2025.Fundamentals 70
Weaknesses
- DilutionShare count up 18% since 2020.Capital allocation 26
Its standout strengths are valuation and fundamentals, while momentum and capital allocation hold the score back.
Daily figure as of 13 Nov 2026
How the score is calculatedScore overview
Fundamentals are strong, with stable profits.
Score history
The full history of up to 20 years comes with MEQIRI Pro.
See plansCrash risk low
How well MEQIRI warnsOne of the 30% with the lowest crash risk among smaller stocks.
From 2016 to 2025, 14 in 100 such stocks fell 30% or more within a year, against a group average of 23 in 100.
What lowers it
- calm price action
Valuation
Valuation signal
Significantly undervaluedIn our model the price counts as cheap below $77.94 and expensive above $116.91 (uncertainty low, based on the price swings of the past year).
The two parts of the fair value come to $114.67 (cash-flow model) and $72.38 (industry comparison), and the gap between them shows how uncertain the estimate is. The price is below both.
Calculated with a cost of equity of 7.7%. At 8.7% the fair value would be $83.98, at 6.7% it would be $107.85.
Valuation metrics
Half from the cash-flow model, half from operating cash flow per share times the median price to cash flow of the REIT industry (13). For the fair value, FFO only counts when it is in line with operating cash flow. That is not the case here, for example because the REIT carries its properties at market value, records little depreciation or a gain on sale sits in earnings. The cash-flow model uses AFFO: operating cash flow less maintenance, estimated at 5% of revenue. New construction and acquisitions do not count as running costs there.
Calculate with your own assumptionsCompany performance
This shows several years of history with an automatic assessment.
Revenue
In fiscal 2025, revenue rose 1.6% on the prior year. Revenue has grown strongly since 2006, at around 13% per year.
Margins
- Gross margin
- Operating margin
- Net margin
In fiscal 2025: gross 77%, operating 74%, net 76%.
Debt & balance sheet
latest quarterModerate debt, and interest is adequately covered.
Earnings
- Next earnings
- No date announced.
- Last reported
- 13 Nov 2026EPS reported $5.60
Analyst estimates
Earnings estimates have barely changed since 15 Oct 2026.
- Earnings per share
- $6.83+0.2%
- Revenue
- $168.15M+3.2%
- Earnings per share
- $6.93+0.6%
- Revenue
- $175.56M+3.2%
MEQIRI has stored the estimates since 15 Oct 2026. Until 30 days are available, the card shows the change since that day. Mean estimate according to Financial Modeling Prep. No price target and no recommendation.
What happened at Retail Estates
The key events of the last six months from our own data. A click takes you to the matching card.
Sector comparison
325 rated companies in Real Estate
- This company
- 62
- Sector median
- 55
Categories against the sector median
The median is the middle value: half of the companies in the sector lie above it, half below. Categories with too few comparable companies are left out.
Competitors in REIT (Retail)
The next larger and next smaller companies by market value
- Eurocommercial PropertiesECMPA.AS $1.71B60
- CBL & Associates PropertiesCBL $1.68B66
- Alexander'sALX $1.26B64
- FreyFREY.PA $1.19B61
- MercialysMERY.PA $1.03B54
- WereldhaveWHA.AS $949.95M57
- Saul CentersBFS $702.95M55
- Wereldhave BelgiumWEHB.BR $658.85M65
ETFs that hold Retail Estates
Held by 20 ETFs on Xetra. Shown per index: the ETF with the largest weight.
| ETF | Weight | Cost | Fund size |
|---|---|---|---|
| iShares European Property Yield UCITS ETFIPRE | 0.59% | 0.40% | €191.76M |
| State Street SPDR FTSE EPRA Europe ex UK Real Estate UCITS ETFZPRP | 0.52% | 0.30% | €113.02M |
| Xtrackers FTSE Developed Europe ex UK Real Estate UCITS ETF 1CXREA | 0.52% | 0.33% | €18.06M |
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| Xtrackers FTSE Developed Europe Real Estate UCITS ETF 1CD5BK | 0.35% | 0.33% | €635.92M |
| UBS MSCI EMU Small Cap UCITS ETF EUR disUEFD | 0.13% | 0.28% | €630.46M |
| Amundi MSCI Europe Small Cap ESG Broad Transition UCITS ETF DistX026 | 0.11% | 0.23% | €321.86M |
| State Street SPDR MSCI Europe Small Cap Value Weighted UCITS ETF EUR AccZPRX | 0.06% | 0.30% | €813.64M |
| iShares Developed Markets Property Yield UCITS ETFIQQ6 | 0.05% | 0.59% | €813.1M |
Holdings as reported by the funds via FMP, excluding swap ETFs (their holdings are only collateral).
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Mar 2026
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 12 Nov 2026 ($1 = €0.9024)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral, published since 7 Nov 2026 (in the score history since 31 May 2023)
- Valuation signal Undervalued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.