Australian (ASX) Office REITs Industry Analysis
UpdatedApr 19, 2024
DataAggregated Company Financials
Companies8
- 7D-4.2%
- 3M0.5%
- 1Y-19.8%
- YTD-4.6%
Over the last 7 days, the Office REITs industry has dropped 4.2%, driven by DEXUS declining 5.2%. However, the industry is down 20% over the past year. Earnings are forecast to grow by 65% annually.
Industry Valuation and Performance
Has the Australian Office REITs Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 20 Apr 2024 | AU$11.5b | AU$1.1b | -AU$2,549,377,000.00 | 105.7x | -4.5x | 10.3x |
| Mon, 18 Mar 2024 | AU$12.1b | AU$1.6b | -AU$2,549,377,000.00 | 106.5x | -4.7x | 7.6x |
| Wed, 14 Feb 2024 | AU$12.3b | AU$1.7b | -AU$1,600,892,000.00 | 284.2x | -7.7x | 7.3x |
| Fri, 12 Jan 2024 | AU$12.0b | AU$1.7b | -AU$1,567,021,000.00 | 286.3x | -7.7x | 7.1x |
| Sun, 10 Dec 2023 | AU$11.8b | AU$1.7b | -AU$1,567,021,000.00 | 273.2x | -7.5x | 6.9x |
| Tue, 07 Nov 2023 | AU$10.9b | AU$1.7b | -AU$1,567,021,000.00 | 238.3x | -7x | 6.4x |
| Thu, 05 Oct 2023 | AU$11.4b | AU$1.7b | -AU$1,567,021,000.00 | 229.5x | -7.3x | 6.7x |
| Sat, 02 Sep 2023 | AU$12.4b | AU$1.7b | -AU$1,567,021,000.00 | 275.4x | -7.9x | 7.3x |
| Mon, 31 Jul 2023 | AU$12.2b | AU$2.1b | AU$829.4m | 25.5x | 14.7x | 5.7x |
| Wed, 28 Jun 2023 | AU$11.8b | AU$2.1b | AU$909.4m | 20.1x | 13x | 5.6x |
| Fri, 26 May 2023 | AU$12.1b | AU$2.1b | AU$909.4m | 20.7x | 13.4x | 5.7x |
| Sun, 23 Apr 2023 | AU$11.8b | AU$2.1b | AU$909.4m | 21x | 13x | 5.6x |
Price to Earnings Ratio
12.7x
Current Industry PE
- Investors are optimistic on the Australian Office REITs industry, and appear confident in long term growth rates.
- The 3-year average PS ratio of 6.7x is lower than the industry's current PS ratio of 10.3x.
Past Earnings Growth
- Total earnings for the Office REITs industry have declined over the last three years, with the industry now making a loss overall.
- Revenues have also declined 19% per year, which is driving profits down.
Industry Trends
Which industries have driven the changes within the Australian Real Estate industry?
| AU Market | -2.22% | |
| Real Estate | -2.93% | |
| Office REITs | -4.19% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| AOF Australian Unity Office Fund | AU$1.26 | 4.1% +AU$8.2m | -19.5% | PB0.7x | |
| ECF Elanor Commercial Property Fund | AU$0.69 | 0.7% +AU$1.6m | -22.8% | PB0.8x |