Altarea is a French property group whose core business is developing and owning shopping centres (Cap3000, Cours Marcel Dassault family assets) alongside residential development and fund management, which makes it a closer analogue to a developer-owner than a pure residential REIT. Its structural edge is a large, long-held portfolio of prime French retail and mixed-use assets in Paris and major cities, where new supply is constrained and planning rules protect incumbents. The near-term driver is asset recycling and the residential development pipeline, but revenue fell 9.3% in the latest reported period, so that recovery has yet to show up in the top line. The stock screens cheap on forward earnings at 7.9x against a trailing P/E of 48.9x, a gap that signals depressed near-term profits being expected to normalise, while ROE of 3.5% and a 12.8% operating margin mean the equity is earning very little on book value today. This is worth a deeper look only if you have a view on whether French commercial property values and the residential cycle are close to a turn; the cheap forward multiple alone does not make the case.
Plain-English pros, cons, and what to watch. Pro feature.
See what each model says, the assumptions behind it, the bad, normal and good cases, and why the fair value changed.
The full quality picture: a reason under every score, how the scores moved, and the conviction breakdown.
The full analyst picture: the price-target distribution against the current price, forward consensus estimates, and how ACCE's own models compare.
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Follow the informed money: 13F position changes, insider and Congress trades, and 13D activist filings.
| Date | Type | New | Previous | Price |
|---|---|---|---|---|
| 23 Oct 2026, 01:52 CEST | ACCE price target | €79.00 | first publication | €73.30 |
Answered from Altarea SCA fundamentals + recent valuations. Every number shows its source and date.
| Company | Price | Fair value | vs fair value | P/E | ROE | Quality | Score |
|---|---|---|---|---|---|---|---|
| ALTA.PA Altarea SCA | €72.60 | - | - | 48.4x | 3.5% | 37 | 37 |
| UZE Array Digital Infrastructure Inc. 5.500% Senior Notes due 2070 | $15.37 | $24 | 37% below | - | 348.3% | 57 | 29 |
| UMH UMH Properties Inc. Common Stock | $15.47 | - | - | 128.9x | 3.4% | 57 | 52 |
| IRT Independence Realty Trust Inc. Common Stock | $14.96 | - | - | 83.1x | 1.3% | 62 | 39 |
| YVIV.MC Vivenio Residencial SOCIMI, S.A. | €1.35 | - | - | 13.5x | 6.4% | 81 | 56 |
| DTW DTE Energy Company 2017 Series E 5.25% Junior Subordinated Debentures due 2077 | $17.78 | - | - | 2.9x | 7.5% | 26 | 23 |
| MRP Millrose Properties Inc. Class A Common Stock | $23.86 | $29 | 17% below | 8.3x | 8.1% | 81 | 62 |
Where ALTA.PA ranks against its sector peers on each metric.