Australian (ASX) Office REITs Industry Analysis
UpdatedMay 02, 2024
DataAggregated Company Financials
Companies8
- 7D-2.3%
- 3M-6.3%
- 1Y-18.8%
- YTDn/a
The Office REITs industry has stayed flat over the last week. Unfortunately though, the industry is down 21% over the past 12 months. Earnings are forecast to grow by 65% annually.
Industry Valuation and Performance
Has the Australian Office REITs Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 02 May 2024 | AU$11.3b | AU$1.1b | -AU$2,549,377,000.00 | 105.7x | -4.4x | 10.1x |
| Sat, 30 Mar 2024 | AU$12.6b | AU$1.6b | -AU$2,549,377,000.00 | 108.3x | -4.9x | 7.9x |
| Mon, 26 Feb 2024 | AU$11.6b | AU$1.6b | -AU$2,326,343,000.00 | 107.4x | -5x | 7.3x |
| Wed, 24 Jan 2024 | AU$11.5b | AU$1.7b | -AU$1,567,021,000.00 | 282x | -7.4x | 6.8x |
| Fri, 22 Dec 2023 | AU$12.2b | AU$1.7b | -AU$1,567,021,000.00 | 271x | -7.8x | 7.2x |
| Sun, 19 Nov 2023 | AU$11.4b | AU$1.7b | -AU$1,567,021,000.00 | 249.2x | -7.3x | 6.7x |
| Tue, 17 Oct 2023 | AU$11.1b | AU$1.7b | -AU$1,567,021,000.00 | 225.1x | -7.1x | 6.6x |
| Thu, 14 Sep 2023 | AU$11.8b | AU$1.7b | -AU$1,567,021,000.00 | 262.3x | -7.5x | 7x |
| Sat, 12 Aug 2023 | AU$13.1b | AU$2.5b | AU$1.1b | 20.1x | 11.8x | 5.3x |
| Mon, 10 Jul 2023 | AU$11.8b | AU$2.1b | AU$909.4m | 19.9x | 12.9x | 5.5x |
| Wed, 07 Jun 2023 | AU$12.3b | AU$2.1b | AU$909.4m | 20.8x | 13.5x | 5.8x |
| Fri, 05 May 2023 | AU$11.8b | AU$2.1b | AU$909.4m | 20.6x | 13x | 5.6x |
| Sun, 02 Apr 2023 | AU$11.5b | AU$2.1b | AU$909.4m | 20.8x | 12.7x | 5.4x |
| Tue, 28 Feb 2023 | AU$13.1b | AU$2.1b | AU$1.2b | 8.9x | 10.8x | 6.1x |
| Thu, 26 Jan 2023 | AU$12.9b | AU$2.6b | AU$2.1b | 6.7x | 6x | 5x |
| Sat, 24 Dec 2022 | AU$12.7b | AU$2.6b | AU$2.1b | 6.7x | 5.9x | 4.9x |
| Mon, 21 Nov 2022 | AU$12.2b | AU$2.6b | AU$2.1b | 6.8x | 5.7x | 4.7x |
| Wed, 19 Oct 2022 | AU$12.1b | AU$2.6b | AU$2.1b | 6.7x | 5.7x | 4.7x |
| Fri, 16 Sep 2022 | AU$13.4b | AU$2.6b | AU$2.1b | 7x | 6.3x | 5.2x |
| Sun, 14 Aug 2022 | AU$14.4b | AU$2.6b | AU$2.1b | 8x | 6.9x | 5.6x |
| Tue, 12 Jul 2022 | AU$14.6b | AU$2.5b | AU$2.0b | 7.8x | 7.1x | 5.7x |
| Thu, 09 Jun 2022 | AU$15.6b | AU$2.5b | AU$2.0b | 8.3x | 7.6x | 6.1x |
| Sat, 07 May 2022 | AU$16.8b | AU$2.5b | AU$2.0b | 8.3x | 8.2x | 6.6x |
| Mon, 04 Apr 2022 | AU$17.0b | AU$2.5b | AU$2.0b | 8.4x | 8.3x | 6.7x |
| Wed, 02 Mar 2022 | AU$16.9b | AU$2.6b | AU$2.0b | 8.4x | 8.2x | 6.6x |
| Fri, 28 Jan 2022 | AU$15.9b | AU$2.4b | AU$1.6b | 9.8x | 9.9x | 6.7x |
| Sun, 26 Dec 2021 | AU$17.4b | AU$2.4b | AU$1.6b | 10.7x | 10.8x | 7.3x |
| Tue, 23 Nov 2021 | AU$17.0b | AU$2.4b | AU$1.6b | 10.1x | 10.6x | 7.1x |
| Thu, 21 Oct 2021 | AU$16.7b | AU$2.4b | AU$1.6b | 10x | 10.4x | 7x |
| Sat, 18 Sep 2021 | AU$16.9b | AU$2.4b | AU$1.6b | 10.3x | 10.5x | 7.1x |
| Mon, 16 Aug 2021 | AU$16.6b | AU$2.4b | AU$1.6b | 9.4x | 10.3x | 6.9x |
| Mon, 31 May 2021 | AU$16.3b | AU$2.3b | AU$1.1b | 13x | 14.9x | 7.2x |
Price to Earnings Ratio
14.4x
Current Industry PE
- Investors are optimistic on the Australian Office REITs industry, and appear confident in long term growth rates.
- The 3-year average PS ratio of 6.4x is lower than the industry's current PS ratio of 10.2x.
Past Earnings Growth
- Total earnings for the Office REITs industry have declined over the last three years, with the industry now making a loss overall.
- Revenues have also declined 21% per year, which is driving profits down.
Industry Comparison
How does Australian Office REITs compare with similar industries?
| AU Market | -1.54% | |
| Real Estate | -0.80% | |
| REITS | -1.19% | |
| Office REITs | -2.33% | |
| Specialized REITs | 0.60% | |
| Industrial REITs | 0.35% | |
| Hotel and Resort REITs | -0.62% | |
| Healthcare REITs | -0.84% | |
| Diversified REITs | -1.19% | |
| Retail REITs | -1.58% | |
| Residential REITs | -2.32% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| GDF Garda Property Group | AU$1.21 | 1.7% +AU$3.7m | -1.6% | PB0.7x | |
| AOF Australian Unity Office Fund | AU$1.29 | 1.6% +AU$3.3m | -17.8% | PB0.8x |