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Australian (ASX) Office REITs Industry Analysis
UpdatedApr 16, 2026
DataAggregated Company Financials
Companies7
- 7D2.0%
- 3M-12.1%
- 1Y-13.7%
- YTD-13.9%
The Office REITs industry has been flat over the last week, but LDR Capital Property Fund has lost 3.7%. Unfortunately though, the industry is down 14% over the past 12 months. Looking forward, earnings are forecast to grow by 5.1% 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 |
|---|---|---|---|---|---|---|
| Thu, 16 Apr 2026 | AU$9.6b | AU$2.2b | AU$785.2m | 11.3x | 12.2x | 4.3x |
| Sat, 14 Mar 2026 | AU$9.7b | AU$2.2b | AU$785.2m | 11.5x | 12.4x | 4.4x |
| Mon, 09 Feb 2026 | AU$10.2b | AU$2.0b | AU$84.0m | 43.6x | 121.3x | 5x |
| Wed, 07 Jan 2026 | AU$10.9b | AU$2.0b | AU$1.3m | 54.2x | 8700.4x | 5.4x |
| Fri, 05 Dec 2025 | AU$11.3b | AU$2.0b | AU$1.3m | 55.7x | 8975.4x | 5.6x |
| Sun, 02 Nov 2025 | AU$11.5b | AU$2.0b | AU$1.3m | 57.4x | 9132.1x | 5.7x |
| Tue, 30 Sep 2025 | AU$11.4b | AU$2.0b | AU$1.3m | 56.3x | 9061.9x | 5.6x |
| Thu, 28 Aug 2025 | AU$11.8b | AU$2.0b | -AU$127,785,000.00 | 59.3x | -92x | 5.8x |
| Sat, 26 Jul 2025 | AU$10.9b | AU$1.4b | -AU$1,455,691,000.00 | 119.5x | -7.5x | 8x |
| Mon, 23 Jun 2025 | AU$10.9b | AU$1.4b | -AU$1,455,691,000.00 | 120.4x | -7.5x | 8x |
| Wed, 21 May 2025 | AU$11.2b | AU$1.4b | -AU$1,455,691,000.00 | 122.2x | -7.7x | 8.2x |
| Fri, 18 Apr 2025 | AU$11.1b | AU$1.4b | -AU$1,455,691,000.00 | 112.4x | -7.6x | 8.2x |
| Sun, 16 Mar 2025 | AU$11.2b | AU$1.4b | -AU$1,455,691,000.00 | 111.5x | -7.7x | 8.2x |
| Tue, 11 Feb 2025 | AU$11.6b | AU$1.0b | -AU$2,282,768,000.00 | 123.9x | -5.1x | 11.2x |
| Thu, 09 Jan 2025 | AU$10.8b | AU$1.0b | -AU$2,360,952,000.00 | 116.7x | -4.6x | 10.2x |
| Sat, 07 Dec 2024 | AU$10.9b | AU$1.0b | -AU$2,360,952,000.00 | 120.8x | -4.6x | 10.4x |
| Mon, 04 Nov 2024 | AU$11.1b | AU$1.0b | -AU$2,360,952,000.00 | 129x | -4.7x | 10.6x |
| Wed, 02 Oct 2024 | AU$11.9b | AU$1.1b | -AU$2,359,455,000.00 | 138.2x | -5.1x | 11.3x |
| Fri, 30 Aug 2024 | AU$11.2b | AU$1.2b | -AU$2,634,272,000.00 | 135.9x | -4.3x | 9.6x |
| Sun, 28 Jul 2024 | AU$10.8b | AU$1.1b | -AU$2,510,572,000.00 | 99.5x | -4.3x | 9.9x |
| Tue, 25 Jun 2024 | AU$10.8b | AU$1.1b | -AU$2,510,572,000.00 | 105.7x | -4.3x | 9.9x |
| Thu, 23 May 2024 | AU$11.2b | AU$1.1b | -AU$2,510,572,000.00 | 105.7x | -4.5x | 10.4x |
| 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
13x
Current Industry PE
- Investors are pessimistic on the Australian Office REITs 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 12.0x which is lower than its 3-year average PE of 1kx.
- The 3-year average PS ratio of 7.7x is higher than the industry's current PS ratio of 4.3x.
Past Earnings Growth
- The earnings for companies in the Office REITs industry have declined 4.8% per year over the last three years.
- Meanwhile revenues have remained mostly flat.
- This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Australian Real Estate industry?
| AU Market | 0.27% | |
| Real Estate | 1.62% | |
| Office REITs | 2.01% | |
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 | |
|---|---|---|---|---|---|
| DXS DEXUS | AU$6.09 | 3.0% +AU$192.5m | -15.8% | PB0.6x | |
| CMW Cromwell Property Group | AU$0.41 | 5.1% +AU$52.4m | 12.3% | PB0.7x | |
| ABG Abacus Group | AU$1.00 | 5.8% +AU$49.2m | -10.7% | PB0.6x | |
| COF Centuria Office REIT | AU$0.95 | 1.1% +AU$6.0m | -19.7% | PB0.6x | |
| GDI GDI Property Group | AU$0.60 | 1.7% +AU$5.4m | -4.8% | PB12.2x |