Australian (ASX) Retail REITs Industry Analysis
UpdatedMay 02, 2024
DataAggregated Company Financials
Companies11
- 7D-1.6%
- 3M-0.6%
- 1Y2.5%
- YTDn/a
Over the last 7 days, the Retail REITs industry has dropped 1.6%, driven by declines in Scentre Group and Vicinity Centres of 1.6% and 2.8%, respectively. As for the longer term, the industry's performance has been flat for the past year. As for the next few years, earnings are expected to grow by 26% per annum.
Industry Valuation and Performance
Has the Australian Retail REITs Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 02 May 2024 | AU$38.8b | AU$5.3b | AU$215.0m | 39.6x | 180.4x | 7.3x |
| Sat, 30 Mar 2024 | AU$42.4b | AU$5.3b | AU$215.0m | 45.4x | 197.1x | 8x |
| Mon, 26 Feb 2024 | AU$39.7b | AU$5.3b | AU$243.2m | 43.5x | 163.3x | 7.5x |
| Wed, 24 Jan 2024 | AU$37.7b | AU$5.3b | AU$299.5m | 35.6x | 125.9x | 7.1x |
| Fri, 22 Dec 2023 | AU$38.6b | AU$5.3b | AU$299.5m | 36.1x | 128.9x | 7.3x |
| Sun, 19 Nov 2023 | AU$35.5b | AU$5.3b | AU$299.5m | 31x | 118.4x | 6.7x |
| Tue, 17 Oct 2023 | AU$33.8b | AU$5.3b | AU$299.5m | 29.3x | 112.8x | 6.4x |
| Thu, 14 Sep 2023 | AU$35.3b | AU$5.3b | AU$299.5m | 32.8x | 117.9x | 6.6x |
| Sat, 12 Aug 2023 | AU$36.7b | AU$5.4b | AU$2.0b | 12.8x | 18.3x | 6.8x |
| Mon, 10 Jul 2023 | AU$35.4b | AU$5.4b | AU$2.3b | 11.1x | 15.4x | 6.6x |
| Wed, 07 Jun 2023 | AU$37.0b | AU$5.4b | AU$2.3b | 11.5x | 16.1x | 6.9x |
| Fri, 05 May 2023 | AU$38.2b | AU$5.4b | AU$2.3b | 12.6x | 16.7x | 7.1x |
| Sun, 02 Apr 2023 | AU$36.6b | AU$5.4b | AU$2.3b | 11.9x | 16x | 6.8x |
| Tue, 28 Feb 2023 | AU$39.3b | AU$5.4b | AU$2.6b | 10x | 15.3x | 7.3x |
| Thu, 26 Jan 2023 | AU$40.9b | AU$5.3b | AU$4.8b | 7.1x | 8.5x | 7.8x |
| Sat, 24 Dec 2022 | AU$39.1b | AU$5.3b | AU$4.8b | 7x | 8.2x | 7.4x |
| Mon, 21 Nov 2022 | AU$38.4b | AU$5.3b | AU$4.8b | 6.6x | 8x | 7.3x |
| Wed, 19 Oct 2022 | AU$36.1b | AU$5.3b | AU$4.8b | 6.2x | 7.5x | 6.9x |
| Fri, 16 Sep 2022 | AU$37.5b | AU$5.2b | AU$4.7b | 7.5x | 8x | 7.2x |
| Sun, 14 Aug 2022 | AU$39.6b | AU$4.9b | AU$4.1b | 9.7x | 9.7x | 8x |
| Tue, 12 Jul 2022 | AU$38.1b | AU$4.9b | AU$4.1b | 9.3x | 9.4x | 7.7x |
| Thu, 09 Jun 2022 | AU$37.8b | AU$4.9b | AU$4.1b | 9.2x | 9.3x | 7.7x |
| Sat, 07 May 2022 | AU$38.9b | AU$4.9b | AU$4.1b | 9.2x | 9.6x | 7.9x |
| Mon, 04 Apr 2022 | AU$43.1b | AU$5.1b | AU$4.7b | 8.1x | 9.3x | 8.4x |
| Wed, 02 Mar 2022 | AU$40.5b | AU$5.1b | AU$4.7b | 7.6x | 8.7x | 7.9x |
| Fri, 28 Jan 2022 | AU$37.1b | AU$4.7b | AU$1.9b | 8.7x | 20x | 7.9x |
| Sun, 26 Dec 2021 | AU$41.1b | AU$4.7b | AU$1.9b | 9.5x | 22.1x | 8.7x |
| Tue, 23 Nov 2021 | AU$40.4b | AU$4.7b | AU$1.9b | 9.3x | 21.7x | 8.6x |
| Thu, 21 Oct 2021 | AU$40.6b | AU$4.7b | AU$1.9b | 9.4x | 21.9x | 8.6x |
| Sat, 18 Sep 2021 | AU$40.0b | AU$4.7b | AU$1.5b | 14x | 26x | 8.5x |
| Mon, 16 Aug 2021 | AU$35.8b | AU$4.7b | AU$1.5b | 13.4x | 23.3x | 7.6x |
| Mon, 31 May 2021 | AU$35.7b | AU$4.5b | -AU$2,020,431,000.00 | 12.3x | -17.7x | 7.9x |
Price to Earnings Ratio
-17.5x
Current Industry PE
- Investors are optimistic on the Australian Retail REITs industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 180x which is higher than its 3-year average PE of 46.9x.
- The industry is trading close to its 3-year average PS ratio of 7.5x.
Past Earnings Growth
- Total earnings for the Retail REITs industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 5.3% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Comparison
How does Australian Retail REITs compare with similar industries?
| AU Market | -1.54% | |
| Real Estate | -0.80% | |
| REITS | -1.19% | |
| Retail REITs | -1.58% | |
| Specialized REITs | 0.60% | |
| Industrial REITs | 0.35% | |
| Hotel and Resort REITs | -0.62% | |
| Healthcare REITs | -0.84% | |
| Diversified REITs | -1.19% | |
| Residential REITs | -2.32% | |
| Office REITs | -2.33% | |
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 | |
|---|---|---|---|---|---|
| HMC HMC Capital | AU$6.41 | 2.4% +AU$52.3m | 59.1% | PB2.2x | |
| DXC Dexus Convenience Retail REIT | AU$2.69 | 2.3% +AU$8.3m | 0% | PB1.7x |