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Retail Estates Valuation Multiples
Discover revenue and EBITDA valuation multiples for Retail Estates and similar public comparables like XP Malls FII, Generation Development Group, Magellan Financial Group, Frey and more.
Retail Estates Overview
About Retail Estates
Retail Estates SA is a real estate investment trust that invests mainly in retail properties located on the periphery of residential areas or along access roads to urban centers, mainly in the Flemish and Wallonia Regions of Belgium. The company buys these properties from third party or builds and markets retail buildings for its account. It rents its properties in a structural state, with the furnishings, fittings, and maintenance left to the discretion of the tenants. Geographically, it derives a majority of its revenue in the form of rental income from Belgium.
Founded
1988
HQ
Employees
45
Website
Sectors
Financials (LTM)
EV
$2B
Retail Estates Financials
Retail Estates reported last 12-month revenue of $172M and EBITDA of $141M.
In the same LTM period, Retail Estates generated $141M in EBITDA and $120M in net income.
Revenue (LTM)
Retail Estates P&L
In the most recent fiscal year, Retail Estates reported revenue of $187M and EBITDA of $156M.
Retail Estates expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $172M | XXX | $187M | XXX | XXX | XXX |
| Gross Profit | β | XXX | $147M | XXX | XXX | XXX |
| Gross Margin | β | XXX | 79% | XXX | XXX | XXX |
| EBITDA | $141M | XXX | $156M | XXX | XXX | XXX |
| EBITDA Margin | 82% | XXX | 83% | XXX | XXX | XXX |
| EBIT Margin | 76% | XXX | 72% | XXX | XXX | XXX |
| Net Profit | $120M | XXX | $126M | XXX | XXX | XXX |
| Net Margin | 70% | XXX | 67% | XXX | XXX | XXX |
| Net Debt | β | β | $1B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Retail Estates Stock Performance
Retail Estates has current market cap of $1B, and enterprise value of $2B.
Market Cap Evolution
Retail Estates' stock price is $84.36.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $2B | $1B | 0.0% | XXX | XXX | XXX | $8.36 |
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Start Free TrialRetail Estates Valuation Multiples
Retail Estates trades at 13.5x EV/Revenue multiple, and 16.5x EV/EBITDA.
EV / Revenue (LTM)
Retail Estates Financial Valuation Multiples
As of April 20, 2026, Retail Estates has market cap of $1B and EV of $2B.
Equity research analysts estimate Retail Estates' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Retail Estates has a P/E ratio of 10.5x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $1B | XXX | $1B | XXX | XXX | XXX |
| EV (current) | $2B | XXX | $2B | XXX | XXX | XXX |
| EV/Revenue | 13.5x | XXX | 12.4x | XXX | XXX | XXX |
| EV/EBITDA | 16.5x | XXX | 14.9x | XXX | XXX | XXX |
| EV/EBIT | 17.7x | XXX | 17.3x | XXX | XXX | XXX |
| EV/Gross Profit | β | XXX | 15.8x | XXX | XXX | XXX |
| P/E | 10.5x | XXX | 10.1x | XXX | XXX | XXX |
| EV/FCF | 43.4x | XXX | 21.0x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Retail Estates Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Retail Estates Margins & Growth Rates
Retail Estates' revenue in the last 12 month grew by 4%.
Retail Estates' revenue per employee in the last FY averaged $4.2M, while opex per employee averaged $0.3M for the same period.
Retail Estates' rule of 40 is 83% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Retail Estates' rule of X is 84% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Retail Estates Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 4% | XXX | (8%) | XXX | XXX | XXX |
| EBITDA Margin | 82% | XXX | 83% | XXX | XXX | XXX |
| EBITDA Growth | 4% | XXX | (10%) | XXX | XXX | XXX |
| Rule of 40 | β | XXX | 83% | XXX | XXX | XXX |
| Bessemer Rule of X | β | XXX | 84% | XXX | XXX | XXX |
| Revenue per Employee | β | XXX | $4.2M | XXX | XXX | XXX |
| Opex per Employee | β | XXX | $0.3M | XXX | XXX | XXX |
| S&M Expenses to Revenue | β | XXX | 1% | XXX | XXX | XXX |
| G&A Expenses to Revenue | β | XXX | 2% | XXX | XXX | XXX |
| Opex to Revenue | β | XXX | 7% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Retail Estates Public Comps
See public comps and valuation multiples for other Asset Management comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Retail Estates | XXX | XXX | XXX | XXX | XXX | XXX |
| XP Malls FII | XXX | XXX | XXX | XXX | XXX | XXX |
| Generation Development Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Magellan Financial Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Frey | XXX | XXX | XXX | XXX | XXX | XXX |
| DoΔan Holding | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Retail Estates M&A Activity
Retail Estates acquired XXX companies to date.
Last acquisition by Retail Estates was on XXXXXXXX, XXXXX. Retail Estates acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Retail Estates
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialRetail Estates Investment Activity
Retail Estates invested in XXX companies to date.
Retail Estates made its latest investment on XXXXXXXX, XXXXX. Retail Estates invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Retail Estates
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Retail Estates
| When was Retail Estates founded? | Retail Estates was founded in 1988. |
| Where is Retail Estates headquartered? | Retail Estates is headquartered in Belgium. |
| How many employees does Retail Estates have? | As of today, Retail Estates has over 45 employees. |
| Is Retail Estates publicly listed? | Yes, Retail Estates is a public company listed on Euronext Brussels. |
| What is the stock symbol of Retail Estates? | Retail Estates trades under RET ticker. |
| When did Retail Estates go public? | Retail Estates went public in 1998. |
| Who are competitors of Retail Estates? | Retail Estates main competitors are XP Malls FII, Generation Development Group, Magellan Financial Group, Frey. |
| What is the current market cap of Retail Estates? | Retail Estates' current market cap is $1B. |
| What is the current revenue of Retail Estates? | Retail Estates' last 12 months revenue is $172M. |
| What is the current revenue growth of Retail Estates? | Retail Estates revenue growth (NTM/LTM) is 4%. |
| What is the current EV/Revenue multiple of Retail Estates? | Current revenue multiple of Retail Estates is 13.5x. |
| Is Retail Estates profitable? | Yes, Retail Estates is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Retail Estates? | Retail Estates' last 12 months EBITDA is $141M. |
| What is Retail Estates' EBITDA margin? | Retail Estates' last 12 months EBITDA margin is 82%. |
| What is the current EV/EBITDA multiple of Retail Estates? | Current EBITDA multiple of Retail Estates is 16.5x. |
| What is the current FCF of Retail Estates? | Retail Estates' last 12 months FCF is $54M. |
| What is Retail Estates' FCF margin? | Retail Estates' last 12 months FCF margin is 31%. |
| What is the current EV/FCF multiple of Retail Estates? | Current FCF multiple of Retail Estates is 43.4x. |
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