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Australian (ASX) Real Estate Sector Analysis

UpdatedNov 20, 2025
DataAggregated Company Financials
Companies59
  • 7D0.4%
  • 3M-5.1%
  • 1Y1.3%
  • YTD4.0%

Over the last 7 days, the Real Estate industry has dropped 3.5%, driven by a pullback from Goodman Group of 0.6%. Meanwhile, Charter Hall Group actually outperformed within the industry, gaining 7.1% in the last week. 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 12% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 21 Nov 2025AU$198.8bAU$32.9bAU$7.8b16.1x25.6x6x
Sun, 19 Oct 2025AU$211.6bAU$32.9bAU$7.8b16.7x27.2x6.4x
Tue, 16 Sep 2025AU$214.5bAU$32.9bAU$7.8b17.3x27.6x6.5x
Thu, 14 Aug 2025AU$208.3bAU$32.6bAU$1.4b16.8x145.5x6.4x
Sat, 12 Jul 2025AU$198.8bAU$32.2bAU$936.4m16.8x212.3x6.2x
Mon, 09 Jun 2025AU$198.1bAU$32.1bAU$928.7m18.4x213.4x6.2x
Wed, 07 May 2025AU$190.3bAU$32.2bAU$929.0m16.3x204.9x5.9x
Fri, 04 Apr 2025AU$178.9bAU$32.2bAU$928.1m14.9x192.7x5.6x
Sun, 02 Mar 2025AU$186.0bAU$32.3bAU$970.8m16.9x191.6x5.8x
Tue, 28 Jan 2025AU$194.5bAU$29.6b-AU$4,022,879,380.0020.7x-48.4x6.6x
Thu, 26 Dec 2024AU$191.8bAU$29.6b-AU$4,022,879,380.0021x-47.7x6.5x
Sat, 23 Nov 2024AU$192.4bAU$29.6b-AU$4,022,762,041.0020.8x-47.8x6.5x
Mon, 21 Oct 2024AU$196.2bAU$29.6b-AU$4,032,224,011.0021.9x-48.7x6.6x
Wed, 18 Sep 2024AU$200.3bAU$29.7b-AU$3,965,515,011.0021.5x-50.5x6.8x
Fri, 16 Aug 2024AU$185.8bAU$30.3b-AU$3,208,976,685.0030.4x-57.9x6.1x
Sun, 14 Jul 2024AU$184.3bAU$28.8b-AU$3,120,177,685.0030.7x-59.1x6.4x
Tue, 11 Jun 2024AU$183.7bAU$28.9b-AU$3,108,292,685.0028.5x-59.1x6.4x
Thu, 09 May 2024AU$182.5bAU$28.9b-AU$3,139,425,437.0028.5x-58.1x6.3x
Sat, 06 Apr 2024AU$182.0bAU$28.9b-AU$3,139,449,437.0028.8x-58x6.3x
Mon, 04 Mar 2024AU$174.7bAU$29.4b-AU$3,139,818,142.0027.5x-55.6x5.9x
Wed, 31 Jan 2024AU$164.3bAU$31.8bAU$634.0m27.9x259.1x5.2x
Fri, 29 Dec 2023AU$166.7bAU$31.8bAU$656.3m27.5x254.1x5.2x
Sun, 26 Nov 2023AU$150.4bAU$31.8bAU$656.1m25.3x229.2x4.7x
Tue, 24 Oct 2023AU$143.4bAU$31.8bAU$658.2m23.4x217.9x4.5x
Thu, 21 Sep 2023AU$152.1bAU$30.8bAU$658.0m26.2x231.2x4.9x
Sat, 19 Aug 2023AU$156.1bAU$31.5bAU$3.4b18.2x46.4x5x
Mon, 17 Jul 2023AU$157.0bAU$33.7bAU$10.5b12.9x15x4.7x
Wed, 14 Jun 2023AU$151.1bAU$33.7bAU$10.5b13.1x14.4x4.5x
Fri, 12 May 2023AU$158.6bAU$33.7bAU$10.5b13.2x15.2x4.7x
Sun, 09 Apr 2023AU$150.6bAU$33.7bAU$10.5b11.9x14.4x4.5x
Tue, 07 Mar 2023AU$158.2bAU$33.7bAU$10.5b12.2x15.1x4.7x
Thu, 02 Feb 2023AU$164.2bAU$35.2bAU$18.6b8.4x8.8x4.7x
Sat, 31 Dec 2022AU$150.4bAU$35.2bAU$19.0b7.9x7.9x4.3x
Mon, 28 Nov 2022AU$156.9bAU$35.2bAU$19.0b7.9x8.3x4.5x
Price to Earnings Ratio

8.3x


Total Market Cap: AU$156.9bTotal Earnings: AU$19.0bTotal Revenue: AU$35.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Real Estate Sector Price to Earnings3Y Average 168x202320242025
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 25.6x which is lower than its 3-year average PE of 168x.
  • The industry is trading close to its 3-year average PS ratio of 5.6x.
Past Earnings Growth
  • The earnings for companies in the Real Estate industry have declined 26% per year over the last three years,
  • Revenues have also declined 2.2% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

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

AU Market-2.32%
Real Estate0.38%
REITS2.35%
Retail REITs0.59%
Specialized REITs0.16%
Hotel and Resort REITs0%0
Industrial REITs-0.62%
Real Estate-0.78%
Office REITs-1.47%
Health Care REITs-2.07%
Residential REITs-4.02%
Industry PE
  • Investors are most optimistic about the Office REITs industry which is trading above its 3-year average PE ratio of 785x.
    • Analysts are expecting annual earnings growth of 22.1%, which is higher than its past year's earnings growth of 16.6% per year.
Forecasted Growth
  • Analysts are most optimistic on the Health Care REITs industry, expecting annual earnings growth of 78% over the next 5 years.
  • In contrast, the Retail REITs industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
CHC Charter Hall GroupAU$24.6412.7%
+AU$1.3b		59.3%PB4.3x
GPT GPT GroupAU$5.480.7%
+AU$76.6m		19.1%PB1x
PPC PeetAU$1.986.5%
+AU$56.2m		40.4%PE15.9x
DGT DigiCo Infrastructure REITAU$2.422.1%
+AU$27.6m		n/aPB0.5x
ASK Abacus Storage KingAU$1.401.5%
+AU$26.3m		17.7%PB0.8x

Latest News

CHC
AU$24.64
Charter Hall Group
7D
12.7%
1Y
59.3%
LLC
AU$5.17
Lendlease Group
7D
-4.3%
1Y
-22.3%
UOS
AU$0.69
United Overseas Australia
7D
2.2%
1Y
22.9%
DGT
AU$2.42
DigiCo Infrastructure REIT
7D
2.1%
1Y
n/a
GPT
AU$5.48
GPT Group
7D
0.7%
1Y
19.1%

GPT: Improved Profit Margin Forecasts Will Support Fair Value Outlook

Analysts have raised their price target on GPT Group from $5.68 to $5.79. They cited improved profit margin forecasts and a slight uptick in revenue growth expectations as key factors behind the revision.
SCG
AU$4.04
Scentre Group
7D
-0.7%
1Y
14.1%

SCG: Sales Resilience And Efficiency Improvements Will Support Ongoing Performance

Analysts have modestly increased their price target for Scentre Group. They raised the fair value estimate by $0.05 to $4.32 per share, citing improved discount rates and resilient sales performance as key factors for the adjustment.
VCX
AU$2.47
Vicinity Centres
7D
-0.8%
1Y
15.4%

VCX: Divestment Of Smaller Malls Will Refocus Capital Allocation

Analysts have modestly raised their price target for Vicinity Centres from $2.54 to $2.58 per share, citing incremental improvements in fair value assessments and profit margin projections. What's in the News Vicinity Centres is marketing three subregional shopping centres for sale, with a combined expected proceeds of around $250 million, as investor demand for supermarket-anchored properties increases (Key Developments).
GMG
AU$28.64
Goodman Group
7D
-3.1%
1Y
-23.1%

GMG: Significant Data Centre Investment Will Drive Operating Profit Higher

Analysts have revised Goodman Group’s price target downward from $37.82 to $37.39. They cite adjustments in projected revenue growth and a higher discount rate as key factors influencing their outlook.
MGR
AU$2.21
Mirvac Group
7D
-1.3%
1Y
4.7%

MGR: Operating Earnings Forecast Will Support Stable Outlook Into Fiscal 2026

Analysts have raised their price target for Mirvac Group slightly, from $2.45 to $2.47. They cite small improvements in fair value estimates and a marginally lower discount rate, despite subdued revenue growth projections.
ASK
AU$1.40
Abacus Storage King
7D
1.5%
1Y
17.7%

ASK: Consortium Interest Will Drive Positive Sentiment in Coming Months

Analysts have slightly lowered their price target for Abacus Storage King, adjusting it from $1.65 to $1.58 per share due to updated assumptions around discount rates and profit margins. What's in the News PS Apollo, LLC and KI Corporation Limited initially proposed to acquire an additional 60.38% stake in Abacus Storage King for AUD 1.3 billion, with an offered price of AUD 1.47 per share (Key Developments).
LIC
AU$5.42
Lifestyle Communities
7D
4.0%
1Y
-39.5%
PXA
AU$13.96
PEXA Group
7D
-3.1%
1Y
11.7%
PPC
AU$1.98
Peet
7D
6.5%
1Y
40.4%
CNI
AU$2.29
Centuria Capital Group
7D
-3.4%
1Y
19.9%
CDP
AU$5.61
Carindale Property Trust
7D
5.6%
1Y
20.6%
INA
AU$5.12
Ingenia Communities Group
7D
-3.0%
1Y
2.4%