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Australian (ASX) Real Estate Sector Analysis
UpdatedDec 20, 2024
DataAggregated Company Financials
Companies59
- 7D-2.0%
- 3M-6.8%
- 1Y14.2%
- YTD13.0%
Over the last 7 days, the Real Estate industry has dropped 2.0%, driven by Goodman Group declining 2.3%. In the past year, the industry has gained 14%. Looking forward, earnings are forecast to grow by 28% annually.
Sector Valuation and Performance
Has the Australian Real Estate Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 21 Dec 2024 | AU$187.5b | AU$29.6b | -AU$4,022,879,380.00 | 20.6x | -46.6x | 6.3x |
| Mon, 18 Nov 2024 | AU$193.0b | AU$29.6b | -AU$4,023,914,967.00 | 20.1x | -48x | 6.5x |
| Wed, 16 Oct 2024 | AU$197.1b | AU$29.6b | -AU$4,032,224,011.00 | 22.9x | -48.9x | 6.7x |
| Fri, 13 Sep 2024 | AU$195.9b | AU$29.7b | -AU$3,965,515,011.00 | 20.5x | -49.4x | 6.6x |
| Sun, 11 Aug 2024 | AU$182.0b | AU$29.7b | -AU$3,190,685,685.00 | 32.5x | -57.1x | 6.1x |
| Tue, 09 Jul 2024 | AU$177.1b | AU$28.8b | -AU$3,120,177,685.00 | 29.7x | -56.7x | 6.2x |
| Thu, 06 Jun 2024 | AU$183.0b | AU$28.9b | -AU$3,108,292,685.00 | 28.6x | -58.9x | 6.3x |
| Sat, 04 May 2024 | AU$176.5b | AU$28.9b | -AU$3,139,449,437.00 | 28x | -56.2x | 6.1x |
| Mon, 01 Apr 2024 | AU$189.2b | AU$28.9b | -AU$3,139,449,437.00 | 30.5x | -60.3x | 6.5x |
| Wed, 28 Feb 2024 | AU$169.7b | AU$29.4b | -AU$2,997,372,372.00 | 27.1x | -56.6x | 5.8x |
| Fri, 26 Jan 2024 | AU$160.9b | AU$31.7b | AU$634.0m | 27.2x | 253.7x | 5.1x |
| Sun, 24 Dec 2023 | AU$164.3b | AU$31.8b | AU$656.3m | 27.8x | 250.4x | 5.2x |
| Tue, 21 Nov 2023 | AU$152.5b | AU$31.8b | AU$658.0m | 25.7x | 231.8x | 4.8x |
| Thu, 19 Oct 2023 | AU$147.0b | AU$31.8b | AU$658.2m | 24.1x | 223.4x | 4.6x |
| Sat, 16 Sep 2023 | AU$154.6b | AU$30.8b | AU$658.1m | 25.8x | 234.9x | 5x |
| Mon, 14 Aug 2023 | AU$154.7b | AU$33.4b | AU$9.1b | 16.6x | 16.9x | 4.6x |
| Wed, 12 Jul 2023 | AU$151.6b | AU$33.7b | AU$10.5b | 12.9x | 14.5x | 4.5x |
| Fri, 09 Jun 2023 | AU$151.8b | AU$33.7b | AU$10.5b | 13.6x | 14.5x | 4.5x |
| Sun, 07 May 2023 | AU$159.1b | AU$33.7b | AU$10.5b | 13.1x | 15.2x | 4.7x |
| Tue, 04 Apr 2023 | AU$152.1b | AU$33.7b | AU$10.5b | 11.7x | 14.5x | 4.5x |
| Thu, 02 Mar 2023 | AU$157.2b | AU$33.7b | AU$10.5b | 12.5x | 15x | 4.7x |
| Sat, 28 Jan 2023 | AU$162.8b | AU$35.2b | AU$19.0b | 7.9x | 8.6x | 4.6x |
| Mon, 26 Dec 2022 | AU$152.7b | AU$35.2b | AU$19.0b | 8.1x | 8x | 4.3x |
| Wed, 23 Nov 2022 | AU$154.0b | AU$35.2b | AU$19.0b | 7.9x | 8.1x | 4.4x |
| Fri, 21 Oct 2022 | AU$142.7b | AU$35.2b | AU$19.0b | 6.9x | 7.5x | 4x |
| Sun, 18 Sep 2022 | AU$151.6b | AU$35.2b | AU$19.0b | 7.7x | 8x | 4.3x |
| Tue, 16 Aug 2022 | AU$165.5b | AU$34.7b | AU$18.2b | 8.3x | 9.1x | 4.8x |
| Thu, 14 Jul 2022 | AU$157.0b | AU$34.7b | AU$18.8b | 8.7x | 8.3x | 4.5x |
| Sat, 11 Jun 2022 | AU$154.2b | AU$34.7b | AU$18.8b | 8.8x | 8.2x | 4.4x |
| Mon, 09 May 2022 | AU$170.7b | AU$34.7b | AU$18.8b | 9.1x | 9.1x | 4.9x |
| Wed, 06 Apr 2022 | AU$186.3b | AU$34.9b | AU$19.4b | 9.3x | 9.6x | 5.3x |
| Fri, 04 Mar 2022 | AU$179.3b | AU$35.0b | AU$19.6b | 9x | 9.1x | 5.1x |
| Sun, 30 Jan 2022 | AU$176.9b | AU$32.2b | AU$13.0b | 10.5x | 13.6x | 5.5x |
| Tue, 28 Dec 2021 | AU$196.1b | AU$32.1b | AU$13.0b | 11x | 15.1x | 6.1x |
Price to Earnings Ratio
15.1x
Current Industry PE
- Investors are optimistic on the Australian Real Estate industry, and appear confident in long term growth rates.
- The 3-year average PS ratio of 5.2x is lower than the industry's current PS ratio of 6.3x.
Past Earnings Growth
- Total earnings for the Real Estate industry have declined over the last three years, with the industry now making a loss overall.
- Revenues have also declined 2.7% per year, which is driving profits down.
Industry Trends
Which industries have driven the changes within the Australian Real Estate sector?
| AU Market | -1.97% | |
| Real Estate | -1.97% | |
| Residential REITs | 1.94% | |
| Specialized REITs | 1.54% | |
| Hotel and Resort REITs | 0% | |
| Office REITs | -0.10% | |
| Retail REITs | -0.45% | |
| REITS | -2.35% | |
| Health Care REITs | -2.90% | |
| Real Estate | -2.95% | |
| Industrial REITs | -3.17% | |
Industry PE
- Investors are most optimistic about the Health Care REITs industry which is trading above its 3-year average PE ratio of 48.4x.
- Analysts are expecting annual earnings growth of 39.1%, which is higher than its past year's earnings decline of 65.8% per year.
Forecasted Growth
- Analysts are most optimistic on the Office REITs industry, expecting annual earnings growth of 51% over the next 5 years.
- However this is lower than its past earnings growth rate of 114% per year.
- In contrast, the Hotel and Resort REITs industry is expected to see its earnings grow by 4.8% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| VCX Vicinity Centres | AU$2.07 | 2.0% +AU$182.1m | 3.0% | PB0.9x | |
| PXA PEXA Group | AU$12.98 | 4.8% +AU$104.8m | 19.7% | PS6.8x | |
| CMW Cromwell Property Group | AU$0.38 | 4.1% +AU$39.3m | -10.6% | PB0.6x | |
| GOZ Growthpoint Properties Australia | AU$2.49 | 1.6% +AU$30.2m | 2.0% | PB0.7x | |
| BWP BWP Trust | AU$3.37 | 1.2% +AU$28.5m | -5.3% | PB0.9x |
