Australian (ASX) Retail REITs Industry Analysis
UpdatedMay 02, 2024
DataAggregated Company Financials
Companies11
- 7D-1.6%
- 3M-0.6%
- 1Y2.5%
- YTD-0.7%
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. Over the last year, the industry has been flat overall. Earnings are forecast to grow by 26% annually.
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$37.6b | AU$5.3b | AU$295.8m | 37.1x | 127.2x | 7.1x |
| Fri, 22 Dec 2023 | AU$38.5b | AU$5.3b | AU$295.8m | 38x | 130.3x | 7.3x |
| Sun, 19 Nov 2023 | AU$35.4b | AU$5.3b | AU$295.8m | 35x | 119.7x | 6.7x |
| Tue, 17 Oct 2023 | AU$33.7b | AU$5.3b | AU$295.8m | 33.9x | 114x | 6.4x |
| Thu, 14 Sep 2023 | AU$35.2b | AU$5.3b | AU$295.8m | 36.1x | 119.1x | 6.7x |
| Sat, 12 Aug 2023 | AU$36.6b | AU$5.4b | AU$2.0b | 12.2x | 18.3x | 6.8x |
| Mon, 10 Jul 2023 | AU$35.3b | AU$5.4b | AU$2.3b | 10.1x | 15.4x | 6.6x |
| Wed, 07 Jun 2023 | AU$36.9b | AU$5.4b | AU$2.3b | 10.5x | 16.1x | 6.9x |
| Fri, 05 May 2023 | AU$38.2b | AU$5.4b | AU$2.3b | 11.2x | 16.7x | 7.1x |
| Sun, 02 Apr 2023 | AU$36.5b | AU$5.4b | AU$2.3b | 10.8x | 16x | 6.8x |
Price to Earnings Ratio
16x
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 104x.
- The industry is trading close to its 3-year average PS ratio of 7.0x.
Past Earnings Growth
- The earnings for companies in the Retail REITs industry have declined 55% per year over the last three years.
- Meanwhile revenues have remained mostly flat.
- This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Australian Real Estate industry?
| AU Market | -1.54% | |
| Real Estate | -0.80% | |
| Retail REITs | -1.58% | |
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 |