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Australian (ASX) Real Estate Sector Analysis

UpdatedNov 28, 2022
DataAggregated Company Financials
Companies67
  • 7D2.2%
  • 3M-1.7%
  • 1Y-17.9%
  • YTD-22.0%

Over the last 7 days, the Real Estate industry has risen 2.2%, driven by gains from Goodman Group of 2.2%. In the same time, Sunland Group was down 33%. In contrast, the industry has lost 18% in the last 12 months. Looking forward, earnings are forecast to decline by 3.7% per year.

Sector Valuation and Performance

Has the Australian Real Estate Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 28 Nov 2022AU$156.9bAU$35.2bAU$19.0b7.9x8.3x4.5x
Wed, 26 Oct 2022AU$144.3bAU$35.2bAU$19.0b7.1x7.6x4.1x
Fri, 23 Sep 2022AU$148.7bAU$35.2bAU$19.0b7.5x7.8x4.2x
Sun, 21 Aug 2022AU$162.7bAU$35.1bAU$18.3b7.9x8.9x4.6x
Tue, 19 Jul 2022AU$156.5bAU$34.7bAU$18.8b8.7x8.3x4.5x
Thu, 16 Jun 2022AU$144.9bAU$34.7bAU$18.8b8.7x7.7x4.2x
Sat, 14 May 2022AU$166.0bAU$34.7bAU$18.8b9.2x8.8x4.8x
Mon, 11 Apr 2022AU$184.9bAU$34.9bAU$19.4b9.1x9.5x5.3x
Wed, 09 Mar 2022AU$176.7bAU$34.9bAU$19.6b8.9x9x5.1x
Fri, 04 Feb 2022AU$181.8bAU$32.2bAU$13.2b10.7x13.8x5.6x
Sun, 02 Jan 2022AU$197.2bAU$32.1bAU$13.0b10.6x15.2x6.1x
Tue, 30 Nov 2021AU$187.6bAU$32.1bAU$13.0b10.3x14.5x5.8x
Thu, 28 Oct 2021AU$186.0bAU$32.2bAU$12.9b10.5x14.4x5.8x
Sat, 25 Sep 2021AU$182.9bAU$32.2bAU$12.6b11.8x14.5x5.7x
Mon, 23 Aug 2021AU$179.4bAU$32.2bAU$12.6b12.6x14.2x5.6x
Sat, 10 Jul 2021AU$168.8bAU$32.0bAU$12.7b12.9x13.3x5.3x
Fri, 02 Apr 2021AU$155.0bAU$31.1bAU$5.3b15.9x29.4x5x
Mon, 04 Jan 2021AU$156.6bAU$30.3b-AU$2,099,010,667.3717.6x-74.6x5.2x
Thu, 08 Oct 2020AU$138.6bAU$31.3b-AU$1,164,003,415.1517.7x-119.1x4.4x
Wed, 01 Jul 2020AU$129.3bAU$32.3b-AU$229,936,193.6420.7x-562.5x4x
Sat, 04 Apr 2020AU$104.9bAU$34.5bAU$5.0b14.7x20.8x3x
Tue, 07 Jan 2020AU$158.8bAU$36.8bAU$10.4b15.6x15.3x4.3x
Price to Earnings Ratio

16.2x


Total Market Cap: AU$167.3bTotal Earnings: AU$10.3bTotal Revenue: AU$36.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Real Estate Sector Price to Earnings3Y Average -53.6x202020212022
Current Industry PE
  • Investors are pessimistic on the Australian Real Estate industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 8.3x which is higher than its 3-year average PE of -53.6x.
  • The industry is trading close to its 3-year average PS ratio of 4.8x.
Past Earnings Growth
  • The earnings for companies in the Real Estate industry have grown 23% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Trends

Which industries have driven the changes within the Australian Real Estate sector?

AU Market1.17%
Real Estate2.19%
REITS2.47%
Real Estate-0.70%
Industry PE
  • Investors are most optimistic about the Real Estate industry, which is trading close to its 3-year average PE ratio of 39.4x.
    • Analysts are expecting annual earnings growth of 27.9%, which is higher than its past year's earnings growth of 23.3% per year.
  • Investors are most pessimistic about the REITS industry, which is trading below its 3-year average of 1kx.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate industry, expecting annual earnings growth of 28% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the REITS industry is expected to see its earnings decline by 6.2% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
GMG Goodman GroupAU$18.772.2%
+AU$776.5m
-23.6%PB2.2x
SCG Scentre GroupAU$2.973.8%
+AU$570.3m
-6.0%PB0.8x
VCX Vicinity CentresAU$2.036.0%
+AU$523.5m
14.0%PB0.8x
GPT GPT GroupAU$4.454.0%
+AU$325.6m
-17.0%PB0.7x
MGR Mirvac GroupAU$2.203.8%
+AU$315.7m
-24.1%PB0.8x
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GPT

AU$4.45

GPT Group

7D

4.0%

1Y

-17.0%

LLC

AU$7.73

Lendlease Group

7D

-0.9%

1Y

-28.4%

CHC

AU$13.67

Charter Hall Group

7D

-0.6%

1Y

-28.3%

ABP

AU$2.71

Abacus Property Group

7D

-0.7%

1Y

-24.7%

GMG

AU$18.77

Goodman Group

7D

2.2%

1Y

-23.6%

VCX

AU$2.03

Vicinity Centres

7D

6.0%

1Y

14.0%

SDG

AU$1.67

Sunland Group

7D

-33.1%

1Y

-41.0%

SCG

AU$2.97

Scentre Group

7D

3.8%

1Y

-6.0%

RGN

AU$2.72

Shopping Centres Australasia Property Group

7D

3.4%

1Y

-4.9%

DXS

AU$7.81

Dexus

7D

3.6%

1Y

-29.2%

MGR

AU$2.20

Mirvac Group

7D

3.8%

1Y

-24.1%

SGP

AU$3.79

Stockland

7D

3.3%

1Y

-14.6%

RFF

AU$2.49

Rural Funds Group

7D

-2.4%

1Y

-15.0%

WPR

AU$2.71

Waypoint REIT

7D

-0.7%

1Y

1.1%