Altareit is a French property developer that builds and sells residential homes and commercial buildings, operating mainly through its Altarea and Cogedim-linked development activity in France. Revenue fell 8.6% over the latest year and ROE is -3.5%, so the reported numbers are weak, though a 15.6% gross margin and 3.3% operating margin show the business is still making money at the operating line. The thesis rests on whether that operating margin holds as volumes shrink, since a developer's earnings depend heavily on project timing and sales velocity in a rate-sensitive market. The company trades at roughly 944M EUR market cap with no earnings multiple, and it sits outside the major indices, which keeps coverage thin. Before anyone goes further, the pipeline of signed reservations and the debt position are the two things to check.
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 | €540 | first publication | €540 |
Answered from Altareit SCA fundamentals + recent valuations. Every number shows its source and date.
| Company | Price | Fair value | vs fair value | P/E | ROE | Quality | Score |
|---|---|---|---|---|---|---|---|
| AREIT.PA Altareit SCA | €540.00 | - | - | - | -3.5% | 31 | 33 |
| AEDAS.MC Aedas Homes, S.A. | €22.25 | €33 | 32% below | 15.5x | 6.5% | 59 | 44 |
| 2007.HK Country Garden Holdings Company Limited | HK$0.15 | - | - | 0.3x | 17.6% | 30 | 39 |
| FOR Forestar Group Inc Common Stock | $26.22 | $53 | 51% below | 7.8x | 9.6% | 55 | 51 |
| HWG.L Harworth Group plc | £1.87 | £1 | 52% above | - | -3.7% | 31 | 42 |
| ATRLJ-B.ST Atrium Ljungberg AB (publ) | kr 21.20 | kr 26 | 18% below | 22.6x | 2.1% | 64 | 57 |
| SKYH Sky Harbour Group Corporation Class A Common Stock | $9.09 | - | - | - | -6.8% | 22 | 46 |
Where AREIT.PA ranks against its sector peers on each metric.