Australian (ASX) Real Estate Sector Analysis
UpdatedJul 26, 2024
DataAggregated Company Financials
Companies60
- 7D-4.7%
- 3M5.3%
- 1Y11.3%
- YTD9.3%
Over the last 7 days, the Real Estate industry has dropped 4.7%, driven by Goodman Group declining 8.0%. Over the past 12 months, the industry was up 11%. Looking forward, earnings are forecast to grow by 26% 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 |
|---|---|---|---|---|---|---|
| Fri, 26 Jul 2024 | AU$180.3b | AU$29.0b | -AU$3,107,032,685.00 | 30.1x | -58x | 6.2x |
| Sun, 23 Jun 2024 | AU$182.4b | AU$28.9b | -AU$3,108,292,685.00 | 28.9x | -58.7x | 6.3x |
| Tue, 21 May 2024 | AU$181.9b | AU$28.9b | -AU$3,138,830,644.00 | 28.7x | -58x | 6.3x |
| Thu, 18 Apr 2024 | AU$173.4b | AU$28.9b | -AU$3,139,449,437.00 | 27.4x | -55.2x | 6x |
| Sat, 16 Mar 2024 | AU$180.8b | AU$29.4b | -AU$3,139,449,437.00 | 28.8x | -57.6x | 6.2x |
| Mon, 12 Feb 2024 | AU$170.5b | AU$31.8b | -AU$187,625,525.00 | 28.8x | -908.6x | 5.4x |
| Wed, 10 Jan 2024 | AU$161.1b | AU$31.7b | AU$633.9m | 26.7x | 254.1x | 5.1x |
| Fri, 08 Dec 2023 | AU$157.1b | AU$31.8b | AU$656.1m | 25.9x | 239.5x | 4.9x |
| Sun, 05 Nov 2023 | AU$146.2b | AU$31.8b | AU$658.0m | 24.4x | 222.1x | 4.6x |
| Tue, 03 Oct 2023 | AU$147.1b | AU$31.8b | AU$658.1m | 25x | 223.5x | 4.6x |
| Thu, 31 Aug 2023 | AU$159.5b | AU$30.9b | AU$1.1b | 26.2x | 140.2x | 5.2x |
| Sat, 29 Jul 2023 | AU$158.0b | AU$33.7b | AU$10.4b | 13.3x | 15.2x | 4.7x |
| Mon, 26 Jun 2023 | AU$148.2b | AU$33.7b | AU$10.5b | 13.2x | 14.2x | 4.4x |
| Wed, 24 May 2023 | AU$158.4b | AU$33.7b | AU$10.5b | 12.9x | 15.1x | 4.7x |
| Fri, 21 Apr 2023 | AU$154.9b | AU$33.7b | AU$10.5b | 13.1x | 14.8x | 4.6x |
| Sun, 19 Mar 2023 | AU$42.1b | AU$8.6b | AU$3.4b | 10.5x | 12.3x | 4.9x |
| Tue, 14 Feb 2023 | AU$159.9b | AU$34.6b | AU$17.2b | 8.5x | 9.3x | 4.6x |
| Thu, 12 Jan 2023 | AU$154.6b | AU$35.2b | AU$19.0b | 7.9x | 8.2x | 4.4x |
| Sat, 10 Dec 2022 | AU$154.1b | AU$35.2b | AU$19.0b | 8.1x | 8.1x | 4.4x |
| Mon, 07 Nov 2022 | AU$148.6b | AU$35.2b | AU$19.0b | 7.7x | 7.8x | 4.2x |
| Wed, 05 Oct 2022 | AU$146.0b | AU$35.2b | AU$19.0b | 7.3x | 7.7x | 4.1x |
| Fri, 02 Sep 2022 | AU$157.0b | AU$35.2b | AU$18.9b | 7.8x | 8.3x | 4.5x |
| Sun, 31 Jul 2022 | AU$166.4b | AU$34.7b | AU$18.8b | 8.6x | 8.8x | 4.8x |
| Tue, 28 Jun 2022 | AU$156.8b | AU$34.7b | AU$18.8b | 8.6x | 8.3x | 4.5x |
| Thu, 26 May 2022 | AU$165.4b | AU$34.7b | AU$18.8b | 9.4x | 8.8x | 4.8x |
| Sat, 23 Apr 2022 | AU$184.0b | AU$34.7b | AU$18.8b | 9.4x | 9.8x | 5.3x |
| Mon, 21 Mar 2022 | AU$184.5b | AU$34.9b | AU$19.6b | 9.1x | 9.4x | 5.3x |
| Wed, 16 Feb 2022 | AU$179.5b | AU$32.9b | AU$14.9b | 10.1x | 12.1x | 5.5x |
| Fri, 14 Jan 2022 | AU$187.4b | AU$32.1b | AU$13.0b | 10.5x | 14.5x | 5.8x |
| Sun, 12 Dec 2021 | AU$191.6b | AU$32.1b | AU$13.0b | 10.4x | 14.8x | 6x |
| Tue, 09 Nov 2021 | AU$189.0b | AU$32.1b | AU$13.0b | 10.7x | 14.6x | 5.9x |
| Thu, 07 Oct 2021 | AU$177.2b | AU$32.2b | AU$12.9b | 9.8x | 13.7x | 5.5x |
| Sat, 04 Sep 2021 | AU$184.8b | AU$32.2b | AU$12.6b | 12.3x | 14.6x | 5.7x |
| Mon, 02 Aug 2021 | AU$173.8b | AU$32.2b | AU$12.6b | 12.5x | 13.7x | 5.4x |
Price to Earnings Ratio
13.7x
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 5.1x is lower than the industry's current PS ratio of 6.2x.
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 3.4% per year, which is driving profits down.
Industry Trends
Which industries have driven the changes within the Australian Real Estate sector?
| AU Market | -2.20% | |
| Real Estate | -4.68% | |
| Retail REITs | -0.52% | |
| Health Care REITs | -0.88% | |
| Residential REITs | -1.63% | |
| Hotel and Resort REITs | -1.79% | |
| Specialized REITs | -1.86% | |
| Real Estate | -3.87% | |
| Office REITs | -4.13% | |
| REITS | -4.27% | |
| Industrial REITs | -7.90% | |
Industry PE
- Investors are most optimistic about the Real Estate industry which is trading above its 3-year average PE ratio of 151x.
- Analysts are expecting annual earnings growth of 31.3%, which is higher than its past year's earnings decline of 10.6% per year.
Forecasted Growth
- Analysts are most optimistic on the Office REITs industry, expecting annual earnings growth of 44% over the next 5 years.
- In contrast, the Hotel and Resort REITs industry is expected to see its earnings grow by 8.0% 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 | |
|---|---|---|---|---|---|
| SCG Scentre Group | AU$3.36 | 3.4% +AU$570.8m | 19.6% | PB1x | |
| VCX Vicinity Centres | AU$2.01 | 1.5% +AU$136.6m | 1.8% | PB0.9x | |
| GPT GPT Group | AU$4.42 | 1.4% +AU$114.9m | 2.1% | PB0.8x | |
| MGR Mirvac Group | AU$2.07 | 1.0% +AU$78.9m | -11.5% | PB0.8x | |
| HMC HMC Capital | AU$7.81 | 2.1% +AU$60.3m | 49.9% | PB2.8x |