In many semi-arid environments of Mediterranean ecosystems, white poplar (Populus alba L.) is the dominant riparian tree and has been used to recover degraded areas, together with other native species, such as ash (Fraxinus angustifolia Vahl.) and hawthorn (Crataegus monogyna Jacq.). We addressed three main objectives: (1) to gain an improved understanding of some specific relationships between environmental parameters and leaf-level physiological factors in these riparian forest species, (2) to compare the leaf-level physiology of these riparian species to each other, and (3) to compare leaf-level responses within native riparian plots to adjacent restoration plots, in order to evaluate the competence of the plants used for the recovery of those degraded areas. We found significant differences in physiological performance between mature and young white poplars in the natural stand and among planted species. The net assimilation and transpiration rates, diameter, and height of white poplar plants were superior to those of ash and hawthorn. Ash and hawthorn showed higher water use efficiency than white poplar. White poplar also showed higher levels of stomatal conductance, behaving as a fast-growing, water-consuming species with a more active gas exchange and ecophysiological competence than the other species used for restoration purposes. In the restoration zones, the planted white poplars had higher rates of net assimilation and water use efficiency than the mature trees in the natural stand. We propose the use of white poplar for the rapid restoration of riparian vegetation in semi-arid Mediterranean environments. Ash and hawthorn can also play a role as accompanying species for the purpose of biodiversity.