Header cover image

Australian (ASX) Office REITs Industry Analysis

UpdatedSep 26, 2025
DataAggregated Company Financials
Companies7
  • 7D-1.0%
  • 3M10.4%
  • 1Y-3.8%
  • YTD8.8%

Over the last 7 days, the Office REITs industry has dropped 1.1%, driven by a pullback from DEXUS of 1.5%. Overall the industry is down 5.2% in 12 months. As for the next few years, earnings are expected to grow by 25% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 26 Sep 2025AU$11.5bAU$2.0bAU$1.3m56.5x9170.4x5.7x
Sun, 24 Aug 2025AU$11.8bAU$2.0b-AU$272,510,000.0090.8x-43.3x5.9x
Tue, 22 Jul 2025AU$11.0bAU$1.4b-AU$1,455,691,000.00121.3x-7.6x8.1x
Thu, 19 Jun 2025AU$10.7bAU$1.4b-AU$1,455,691,000.00122.2x-7.4x7.9x
Sat, 17 May 2025AU$11.3bAU$1.4b-AU$1,455,691,000.00121.3x-7.7x8.3x
Mon, 14 Apr 2025AU$10.9bAU$1.4b-AU$1,455,691,000.00110.6x-7.5x8x
Wed, 12 Mar 2025AU$11.5bAU$1.4b-AU$1,455,691,000.00112.4x-7.9x8.4x
Fri, 07 Feb 2025AU$11.3bAU$1.0b-AU$2,282,768,000.00119.8x-5x10.9x
Sun, 05 Jan 2025AU$10.8bAU$1.0b-AU$2,360,952,000.00116.7x-4.6x10.2x
Tue, 03 Dec 2024AU$11.2bAU$1.0b-AU$2,360,952,000.00121.8x-4.7x10.7x
Thu, 31 Oct 2024AU$11.3bAU$1.0b-AU$2,360,952,000.00131x-4.8x10.8x
Sat, 28 Sep 2024AU$11.9bAU$1.1b-AU$2,359,455,000.00135.1x-5x11.3x
Mon, 26 Aug 2024AU$11.0bAU$1.2b-AU$2,633,851,000.00109.2x-4.2x9.5x
Wed, 24 Jul 2024AU$10.8bAU$1.1b-AU$2,510,572,000.0099.5x-4.3x9.9x
Fri, 21 Jun 2024AU$10.5bAU$1.1b-AU$2,510,572,000.00106.5x-4.2x9.7x
Sun, 19 May 2024AU$11.2bAU$1.1b-AU$2,510,572,000.00109.2x-4.5x10.4x
Tue, 16 Apr 2024AU$11.7bAU$1.1b-AU$2,549,377,000.00105.7x-4.6x10.5x
Thu, 14 Mar 2024AU$12.1bAU$1.6b-AU$2,549,377,000.00108.3x-4.8x7.6x
Sat, 10 Feb 2024AU$12.3bAU$1.7b-AU$1,567,021,000.00288.5x-7.8x7.2x
Mon, 08 Jan 2024AU$12.0bAU$1.7b-AU$1,567,021,000.00279.8x-7.6x7x
Wed, 06 Dec 2023AU$11.3bAU$1.7b-AU$1,567,021,000.00253.6x-7.2x6.6x
Fri, 03 Nov 2023AU$10.6bAU$1.7b-AU$1,567,021,000.00233.9x-6.8x6.2x
Sun, 01 Oct 2023AU$11.4bAU$1.7b-AU$1,567,021,000.00233.9x-7.3x6.7x
Tue, 29 Aug 2023AU$12.3bAU$1.8b-AU$1,171,789,000.00659.2x-10.5x6.8x
Thu, 27 Jul 2023AU$12.0bAU$2.1bAU$909.4m20.1x13.2x5.6x
Sat, 24 Jun 2023AU$11.5bAU$2.1bAU$909.4m19.8x12.7x5.4x
Mon, 22 May 2023AU$12.2bAU$2.1bAU$909.4m20.5x13.4x5.8x
Wed, 19 Apr 2023AU$11.9bAU$2.1bAU$909.4m20.9x13.1x5.6x
Price to Earnings Ratio

12.8x


Total Market Cap: AU$11.7bTotal Earnings: AU$909.4mTotal Revenue: AU$2.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Office REITs Industry Price to Earnings3Y Average 271.1x20242025
Current Industry PE
  • Investors are optimistic on the Australian Office REITs industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 9kx which is higher than its 3-year average PE of 261x.
  • The 3-year average PS ratio of 8.2x is higher than the industry's current PS ratio of 5.7x.
Past Earnings Growth
  • The earnings for companies in the Office REITs industry have declined 89% 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 Market0.38%
Real Estate-1.39%
Office REITs-0.98%
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
CMW Cromwell Property GroupAU$0.492.1%
+AU$26.2m
15.1%PB0.9x