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Europe REIT Industry - Growth, Trends, COVID-19 Impact, and Forecasts (2023-2028)

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  • 130 Pages
  • March 2023
  • Region: Europe
  • Mordor Intelligence
  • ID: 5529752
UP TO OFF until Jun 30th 2023
Europe REIT Industry has generated a revenue of USD 510 Billion in the current year and is poised to achieve a CAGR of 15% for the forecast period.

REITs are companies that own (and often operate) income-producing real estate, such as apartments, warehouses, self-storage facilities, malls, and hotels. Their appeal is simple: The most reliable REITS have a track record for paying large and growing dividends. Still, that potential for growth carries risks that vary depending on the type of REIT. European Public Real Estate Association (EPRA), as a partner of the Real Estate Equity Securitization Alliance (REESA), plays a key role in the continued growth of the REIT approach to real estate investment across the region.

The pandemic has driven many unwarranted bad results across economies and the REITs industry in Europe is no exception. Also when the markets are low, a good estimation can create abnormal results. IPOs have been subdued over the past 12 months and this is partly due to global political and economic uncertainties such as Brexit. Continued growth in the European listed real estate with M&As and the rise of the alternatives sector remain to be the important drivers of the REITs industry.

Europe REIT Market Trends

REITs are debt heavy by nature

The consequence of legal status is that REITs have a lot of debt. They’re usually among the most indebted companies in the market. However, investors have become comfortable with this situation because REITs typically have long-term contracts that generate regular cash flow - such as leases, which see to it that money will be coming in - to comfortably support their debt payments and ensure that dividends will still be paid out. An infographic showing the debt outstanding of REITs in Europe over the years is presented below.

REITs Importance in Residential Real Estate Investments in Germany

Germany is the largest real estate market in Europe. About half of the real estate properties located are residential by nature. With Special Funds and REITs occupying the majority stake in residential real estate investments in Germany, REITs have an important role to play in the industry. Also, given the pandemic conditions, the existing REITs with exposure in Germany have suffered a negative 16% performance in their market capitalization from January 2020 to April 2020. Thus providing the right time for new investments.

Europe REIT Market Competitor Analysis

The report includes an overview of REITs operating across Europe. We wish to present a detailed profiling of a few major companies, which cover product offerings, regulations governing them, their headquarters, and financial performance. Currently, some of the major players dominating the market are listed below.

Additional Benefits:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support

Table of Contents

1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter Five Forces
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
4.5 Insights on Proptech and Its Impact on the Industry
4.6 Insights on Regulatory Environment
4.7 Insights on Returns And Dividends - Key Performance Indicators for REITs
4.8 Impact of COVID-19 on the Market
5.1 By Sector of Exposure
5.1.1 Retail REITs
5.1.2 Office REITs
5.1.3 Industrial REITs
5.1.4 Healthcare REITs
5.1.5 Diversified REITs
5.1.6 Other Sector Specific REITs
5.2 By Country
5.2.1 Germany
5.2.2 United Kingdom
5.2.3 France
5.2.4 Sweden
5.2.5 Switzerland
5.2.6 Belgium
5.2.7 Spain
5.2.8 Finland
5.2.9 Rest of Europe
6.1 Market Competition Overview (Market Concentration And M&A Deals)
6.2 REITs Profiles
6.2.1 Vonovia SE
6.2.2 Deutsche Wohnen
6.2.3 Segro REIT Plc
6.2.4 Gecina REIT SA
6.2.5 Aroundtown SA
6.2.6 Leg Immobilien N AG
6.2.7 Swiss Prime Site AG
6.2.8 Covivio SA
6.2.9 Klepierre Reit SA*