Réalités (ALREA.PA)

Réalités (ALREA.PA) — VMCI valuation read

ALREA.PA screens at VMCI 47/100, a 3-point gap below the Real Estate sector median (50). For a mid-cap Réalités share, that placement says the multi-pillar composite is richer or lower quality than the typical peer on a like-for-like basis.

ALREA.PA has logged no Form 4 insider activity over the trailing 30 days. The tape reads neither bullish nor bearish on insider conviction. The next signal sits with the 10-Q schedule and the analyst calendar.

**Investor frame.** Value: ALREA.PA trades at 16.0x earnings, 11% below the Real Estate median of 18.0x, while EV/EBITDA prints 9.0x against 12.0x for the Real Estate group. Quality: ROIC of 16.0% sits 6.0pp above the Real Estate median (10.0%), the cleanest like-for-like comparison on capital efficiency. Risk: net debt to EBITDA of 1.7x is the rate-sensitivity line to watch, which sets the rate-cycle exposure for Réalités.

ALREA.PA fell 2.3% over the trailing 7 days, with a -8.0% read on a 30-day basis.