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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 6.8%, driven by DEXUS declining 4.8%. In contrast, Australian Unity Office Fund has gained 8.7%. However, the industry is down 20% over the past year. As for the next few years, earnings are expected to grow by 65% per annum.

Industry Valuation and Performance

Has the Australian Office REITs Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 19 Apr 2024AU$11.5bAU$1.1b-AU$2,549,377,000.00105.7x-4.5x10.3x
Sun, 17 Mar 2024AU$12.1bAU$1.6b-AU$2,549,377,000.00106.5x-4.7x7.6x
Tue, 13 Feb 2024AU$12.3bAU$1.7b-AU$1,600,892,000.00282x-7.7x7.2x
Thu, 11 Jan 2024AU$12.0bAU$1.7b-AU$1,567,021,000.00284.2x-7.7x7.1x
Sat, 09 Dec 2023AU$11.8bAU$1.7b-AU$1,567,021,000.00273.2x-7.5x6.9x
Mon, 06 Nov 2023AU$10.9bAU$1.7b-AU$1,567,021,000.00240.4x-6.9x6.4x
Wed, 04 Oct 2023AU$11.4bAU$1.7b-AU$1,567,021,000.00231.7x-7.3x6.7x
Fri, 01 Sep 2023AU$12.5bAU$1.7b-AU$1,567,021,000.00279.8x-8x7.3x
Sun, 30 Jul 2023AU$12.2bAU$2.1bAU$829.4m25.5x14.7x5.7x
Tue, 27 Jun 2023AU$11.5bAU$2.1bAU$909.4m19.9x12.6x5.4x
Thu, 25 May 2023AU$12.1bAU$2.1bAU$909.4m20.7x13.4x5.7x
Sat, 22 Apr 2023AU$11.8bAU$2.1bAU$909.4m21x13x5.6x
Price to Earnings Ratio

12.6x


Total Market Cap: AU$11.5bTotal Earnings: AU$909.4mTotal Revenue: AU$2.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Office REITs Industry Price to Earnings3Y Average 0.9xAprilJulyOctober2024April
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?

CompanyLast Price7D1YValuation
AOF Australian Unity Office FundAU$1.264.1%
+AU$8.2m
-19.5%PB0.7x
ECF Elanor Commercial Property FundAU$0.690.7%
+AU$1.6m
-22.8%PB0.8x
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Latest News

AOF

AU$1.26

Australian Unity Office Fund

7D

4.1%

1Y

-19.5%

ABG

AU$1.14

Abacus Group

7D

-0.4%

1Y

-57.2%

CMW

AU$0.40

Cromwell Property Group

7D

-9.2%

1Y

-31.9%

COF

AU$1.19

Centuria Office REIT

7D

-6.3%

1Y

-18.0%

DXS

AU$7.06

DEXUS

7D

-5.2%

1Y

-8.1%