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Australian (ASX) Real Estate Sector Analysis

UpdatedNov 25, 2025
DataAggregated Company Financials
Companies59
  • 7D1.6%
  • 3M-5.6%
  • 1Y-1.9%
  • YTD3.6%

Over the last 7 days, the Real Estate industry has remained flat, although notably Charter Hall Group gained 14%. In line with that, the industry has also been flat over the past 12 months. 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
Wed, 26 Nov 2025AU$201.7bAU$32.9bAU$7.8b16.5x25.9x6.1x
Fri, 24 Oct 2025AU$214.9bAU$32.9bAU$7.8b17.3x27.6x6.5x
Sun, 21 Sep 2025AU$212.7bAU$32.9bAU$7.8b17.4x27.3x6.5x
Tue, 19 Aug 2025AU$210.9bAU$32.4bAU$2.4b16.4x88.6x6.5x
Thu, 17 Jul 2025AU$198.5bAU$32.2bAU$937.1m16.9x211.9x6.2x
Sat, 14 Jun 2025AU$200.3bAU$32.1bAU$928.6m18.2x215.7x6.2x
Mon, 12 May 2025AU$193.3bAU$32.2bAU$929.0m16.1x208x6x
Wed, 09 Apr 2025AU$171.9bAU$32.2bAU$928.1m14.7x185.2x5.3x
Fri, 07 Mar 2025AU$186.6bAU$32.2bAU$927.8m15.7x201.2x5.8x
Sun, 02 Feb 2025AU$193.9bAU$29.6b-AU$4,022,879,380.0020.5x-48.2x6.5x
Tue, 31 Dec 2024AU$188.8bAU$29.6b-AU$4,022,879,380.0020.6x-46.9x6.4x
Thu, 28 Nov 2024AU$198.0bAU$29.6b-AU$4,022,762,041.0020.8x-49.2x6.7x
Sat, 26 Oct 2024AU$192.3bAU$29.6b-AU$4,032,224,011.0021.2x-47.7x6.5x
Mon, 23 Sep 2024AU$201.3bAU$29.7b-AU$3,965,515,011.0021.7x-50.8x6.8x
Wed, 21 Aug 2024AU$182.8bAU$29.7b-AU$4,504,085,685.0029x-40.6x6.2x
Fri, 19 Jul 2024AU$189.1bAU$29.0b-AU$3,107,859,685.0031x-60.9x6.5x
Sun, 16 Jun 2024AU$181.0bAU$28.9b-AU$3,108,292,685.0028x-58.2x6.3x
Tue, 14 May 2024AU$180.4bAU$28.9b-AU$3,139,425,437.0028.1x-57.5x6.2x
Thu, 11 Apr 2024AU$182.6bAU$28.9b-AU$3,139,449,437.0029x-58.2x6.3x
Sat, 09 Mar 2024AU$179.4bAU$29.4b-AU$3,139,449,437.0028.9x-57.1x6.1x
Mon, 05 Feb 2024AU$170.0bAU$31.8bAU$641.9m25.1x264.8x5.4x
Wed, 03 Jan 2024AU$165.6bAU$31.7bAU$633.8m26.7x261.3x5.2x
Fri, 01 Dec 2023AU$152.0bAU$31.8bAU$656.1m25.2x231.7x4.8x
Sun, 29 Oct 2023AU$137.6bAU$31.8bAU$658.2m22.9x209x4.3x
Tue, 26 Sep 2023AU$149.7bAU$31.8bAU$658.1m25.7x227.5x4.7x
Thu, 24 Aug 2023AU$156.1bAU$30.8bAU$2.3b25.9x67.4x5.1x
Sat, 22 Jul 2023AU$155.9bAU$33.7bAU$10.5b12.9x14.9x4.6x
Mon, 19 Jun 2023AU$152.8bAU$33.7bAU$10.5b13.2x14.6x4.5x
Wed, 17 May 2023AU$159.4bAU$33.7bAU$10.5b13.3x15.2x4.7x
Fri, 14 Apr 2023AU$154.0bAU$33.7bAU$10.5b12.6x14.7x4.6x
Sun, 12 Mar 2023AU$155.3bAU$33.7bAU$10.5b12.1x14.8x4.6x
Tue, 07 Feb 2023AU$166.5bAU$35.3bAU$18.6b8.2x9x4.7x
Thu, 05 Jan 2023AU$151.8bAU$35.2bAU$19.0b8x8x4.3x
Sat, 03 Dec 2022AU$156.1bAU$35.2bAU$19.0b8.1x8.2x4.4x
Price to Earnings Ratio

8.2x


Total Market Cap: AU$156.1bTotal Earnings: AU$19.0bTotal Revenue: AU$35.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Real Estate Sector Price to Earnings3Y Average 168.1x202320242025
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 25.4x 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 Market0.92%
Real Estate1.63%
REITS3.69%
Health Care REITs3.52%
Office REITs2.23%
Real Estate2.13%
Residential REITs1.91%
Specialized REITs0.88%
Industrial REITs0.71%
Retail REITs0.32%
Hotel and Resort REITs0%0
Industry PE
  • Investors are most optimistic about the Office REITs industry which is trading above its 3-year average PE ratio of 818x.
    • 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$24.9812.7%
+AU$1.3b		57.1%PB4.4x
NSR National Storage REITAU$2.7018.9%
+AU$603.7m		6.7%PB11.3x
GMG Goodman GroupAU$29.400.9%
+AU$531.6m		-23.6%PB2.6x
ASK Abacus Storage KingAU$1.5310.5%
+AU$190.5m		26.0%PB0.9x
GPT GPT GroupAU$5.591.1%
+AU$114.9m		18.2%PB1x

Latest News

NSR
AU$2.70
National Storage REIT
7D
18.9%
1Y
6.7%
LIC
AU$5.70
Lifestyle Communities
7D
10.9%
1Y
-36.7%

Is Lifestyle Communities (ASX:LIC) Using Debt Sensibly?

Nov 25
Is Lifestyle Communities (ASX:LIC) Using Debt Sensibly?
GMG
AU$29.40
Goodman Group
7D
0.9%
1Y
-23.6%
CHC
AU$24.98
Charter Hall Group
7D
12.7%
1Y
57.1%

CHC: Revenue Gains And Stable Margins Will Sustain Fair Valuation Outlook

Charter Hall Group's analyst consensus price target has increased from $21.62 to $23.26. Analysts cited improved revenue growth and margin outlooks as key drivers behind this upward revision.
MGR
AU$2.24
Mirvac Group
7D
-1.3%
1Y
2.3%

MGR: Operating Earnings Per Security Outlook Will Drive Positive Momentum Into 2026

Analysts have maintained their price target for Mirvac Group at $2.47, citing only marginal shifts in discount rate and profit margin assumptions in their updated assessment. What's in the News Mirvac Group has reaffirmed its earnings guidance for the year 2026, and is maintaining a forecast of operating earnings per security between 12.8 and 13.0 cents for FY26 (Key Developments).
UOS
AU$0.68
United Overseas Australia
7D
-0.7%
1Y
21.4%
SGP
AU$6.14
Stockland
7D
-0.6%
1Y
16.5%

SGP: Modest Discount Rate Shift Will Maintain Fair Valuation Ahead

Analysts have slightly reduced their price target for Stockland from $6.30 to $6.29, citing minor adjustments to discount rate assumptions and updated financial forecasts. Valuation Changes Fair Value: Decreased marginally from A$6.30 to A$6.29.
GPT
AU$5.59
GPT Group
7D
1.1%
1Y
18.2%

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.
VCX
AU$2.48
Vicinity Centres
7D
-2.0%
1Y
12.7%

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).
APZ
AU$5.39
Aspen Group
7D
5.9%
1Y
113.9%
ASK
AU$1.53
Abacus Storage King
7D
10.5%
1Y
26.0%

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).
PPC
AU$2.05
Peet
7D
8.2%
1Y
44.4%
CNI
AU$2.32
Centuria Capital Group
7D
-0.9%
1Y
19.3%
REP
AU$0.58
RAM Essential Services Property Fund
7D
-1.7%
1Y
-1.7%
ARF
AU$3.62
Arena REIT
7D
-0.8%
1Y
-13.0%
CDP
AU$5.42
Carindale Property Trust
7D
-2.5%
1Y
15.3%