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Australian (ASX) Office REITs Industry Analysis
UpdatedFeb 19, 2025
DataAggregated Company Financials
Companies7
- 7D4.0%
- 3M10.1%
- 1Y2.9%
- YTD13.0%
The Office REITs industry is up 4.0% in the last week, with Cromwell Property Group up 2.4%. Overall in the last year, the industry is flat. Looking forward, earnings are forecast to grow by 47% 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 |
|---|---|---|---|---|---|---|
| Fri, 21 Feb 2025 | AU$11.6b | AU$1.4b | -AU$1,675,708,000.00 | 124.9x | -7x | 8.6x |
| Sun, 19 Jan 2025 | AU$10.7b | AU$1.0b | -AU$2,360,952,000.00 | 118.7x | -4.5x | 10.2x |
| Tue, 17 Dec 2024 | AU$10.6b | AU$1.0b | -AU$2,360,952,000.00 | 119.8x | -4.5x | 10.1x |
| Thu, 14 Nov 2024 | AU$11.1b | AU$1.0b | -AU$2,360,952,000.00 | 121.8x | -4.7x | 10.6x |
| Sat, 12 Oct 2024 | AU$11.8b | AU$1.0b | -AU$2,360,952,000.00 | 132.1x | -5x | 11.2x |
| Mon, 09 Sep 2024 | AU$11.6b | AU$1.1b | -AU$2,359,455,000.00 | 137.2x | -4.9x | 11x |
| Wed, 07 Aug 2024 | AU$10.9b | AU$1.1b | -AU$2,510,572,000.00 | 105.7x | -4.3x | 10x |
| Fri, 05 Jul 2024 | AU$10.4b | AU$1.1b | -AU$2,510,572,000.00 | 98.6x | -4.1x | 9.6x |
| Sun, 02 Jun 2024 | AU$10.9b | AU$1.1b | -AU$2,510,572,000.00 | 105.7x | -4.4x | 10.1x |
| Tue, 30 Apr 2024 | AU$11.4b | AU$1.1b | -AU$2,549,377,000.00 | 103.9x | -4.5x | 10.2x |
| Thu, 28 Mar 2024 | AU$12.3b | AU$1.6b | -AU$2,549,377,000.00 | 106.5x | -4.8x | 7.8x |
| Sat, 24 Feb 2024 | AU$11.6b | AU$1.6b | -AU$2,298,972,000.00 | 107.4x | -5.1x | 7.2x |
| Mon, 22 Jan 2024 | AU$11.5b | AU$1.7b | -AU$1,567,021,000.00 | 277.6x | -7.3x | 6.8x |
| Wed, 20 Dec 2023 | AU$12.1b | AU$1.7b | -AU$1,567,021,000.00 | 264.5x | -7.7x | 7.1x |
| Fri, 17 Nov 2023 | AU$11.4b | AU$1.7b | -AU$1,567,021,000.00 | 247x | -7.3x | 6.7x |
| Sun, 15 Oct 2023 | AU$11.1b | AU$1.7b | -AU$1,567,021,000.00 | 225.1x | -7.1x | 6.6x |
| Tue, 12 Sep 2023 | AU$12.0b | AU$1.7b | -AU$1,567,021,000.00 | 275.4x | -7.7x | 7.1x |
| Thu, 10 Aug 2023 | AU$13.0b | AU$2.5b | AU$1.1b | 19.9x | 11.6x | 5.3x |
| Sat, 08 Jul 2023 | AU$11.8b | AU$2.1b | AU$909.4m | 19.9x | 12.9x | 5.5x |
| Mon, 05 Jun 2023 | AU$12.3b | AU$2.1b | AU$909.4m | 20.8x | 13.5x | 5.8x |
| Wed, 03 May 2023 | AU$12.0b | AU$2.1b | AU$909.4m | 20.7x | 13.2x | 5.7x |
| Fri, 31 Mar 2023 | AU$11.5b | AU$2.1b | AU$909.4m | 20.5x | 12.6x | 5.4x |
Price to Earnings Ratio
12.6x
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 8.3x is lower than the industry's current PS ratio of 10.9x.
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 | -0.19% | |
| Real Estate | 1.55% | |
| Office REITs | 4.03% | |
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 | |
|---|---|---|---|---|---|
| CMW Cromwell Property Group | AU$0.43 | 2.4% +AU$26.2m | 7.5% | PB0.7x | |
| ABG Abacus Group | AU$1.20 | 1.7% +AU$17.9m | 11.1% | PB0.7x | |
| COF Centuria Office REIT | AU$1.16 | 1.3% +AU$9.0m | -0.4% | PB0.7x | |
| ECF Elanor Commercial Property Fund | AU$0.60 | 0.8% +AU$2.0m | -16.0% | PB1x | |
| AOF Australian Unity Office Fund | AU$1.10 | 0.9% +AU$1.6m | 7.3% | PB1x |