Narrative Update • Aug 06
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Australian (ASX) Office REITs Industry Analysis
UpdatedAug 17, 2026
DataAggregated Company Financials
Companies6
- 7D-2.8%
- 3M-1.8%
- 1Y-20.0%
- YTD-15.9%
Over the last 7 days, the Office REITs industry has dropped 2.8%, driven by DEXUS declining 3.0%. The industry has fallen 20% in the last year. Earnings are forecast to grow by 3.9% 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 |
|---|---|---|---|---|---|---|
| Mon, 17 Aug 2026 | AU$9.3b | AU$2.2b | AU$789.4m | 10.9x | 11.8x | 4.2x |
| Wed, 15 Jul 2026 | AU$9.0b | AU$2.2b | AU$797.1m | 10.7x | 11.3x | 4.1x |
| Fri, 12 Jun 2026 | AU$9.4b | AU$2.2b | AU$797.1m | 11.3x | 11.7x | 4.3x |
| Sun, 10 May 2026 | AU$9.7b | AU$2.2b | AU$785.2m | 11.3x | 12.3x | 4.4x |
| Tue, 07 Apr 2026 | AU$9.3b | AU$2.2b | AU$785.2m | 11x | 11.9x | 4.2x |
| Thu, 05 Mar 2026 | AU$10.1b | AU$2.2b | AU$785.2m | 11.5x | 12.9x | 4.6x |
| Sat, 31 Jan 2026 | AU$10.6b | AU$2.0b | AU$1.3m | 53x | 8422.2x | 5.3x |
| Mon, 29 Dec 2025 | AU$11.4b | AU$2.0b | AU$1.3m | 56.1x | 9049.7x | 5.6x |
| Wed, 26 Nov 2025 | AU$11.5b | AU$2.0b | AU$1.3m | 57.6x | 9143.9x | 5.7x |
| Fri, 24 Oct 2025 | AU$11.9b | AU$2.0b | AU$1.3m | 59.9x | 9424.6x | 5.9x |
| Sun, 21 Sep 2025 | AU$11.7b | AU$2.0b | AU$1.3m | 57.6x | 9299.2x | 5.8x |
| Tue, 19 Aug 2025 | AU$11.7b | AU$1.4b | -AU$1,384,910,000.00 | 120.4x | -8.5x | 8.6x |
| Thu, 17 Jul 2025 | AU$10.7b | AU$1.4b | -AU$1,455,691,000.00 | 120.4x | -7.4x | 7.9x |
| Sat, 14 Jun 2025 | AU$11.0b | AU$1.4b | -AU$1,455,691,000.00 | 123.1x | -7.5x | 8.1x |
| Mon, 12 May 2025 | AU$11.7b | AU$1.4b | -AU$1,455,691,000.00 | 123.1x | -8x | 8.6x |
| Wed, 09 Apr 2025 | AU$10.9b | AU$1.4b | -AU$1,455,691,000.00 | 111.5x | -7.5x | 8x |
| Fri, 07 Mar 2025 | AU$11.5b | AU$1.4b | -AU$1,455,691,000.00 | 113.3x | -7.9x | 8.4x |
| Sun, 02 Feb 2025 | AU$11.3b | AU$1.0b | -AU$2,360,952,000.00 | 120.8x | -4.8x | 10.7x |
| Tue, 31 Dec 2024 | AU$10.7b | AU$1.0b | -AU$2,360,952,000.00 | 117.7x | -4.5x | 10.2x |
| Thu, 28 Nov 2024 | AU$11.0b | AU$1.0b | -AU$2,360,952,000.00 | 122.8x | -4.7x | 10.5x |
| Sat, 26 Oct 2024 | AU$11.4b | AU$1.0b | -AU$2,360,952,000.00 | 132.1x | -4.8x | 10.9x |
| Mon, 23 Sep 2024 | AU$12.1b | AU$1.1b | -AU$2,359,455,000.00 | 128x | -5.1x | 11.5x |
| Wed, 21 Aug 2024 | AU$10.8b | AU$1.7b | -AU$2,716,161,000.00 | 107.4x | -4x | 6.4x |
| Fri, 19 Jul 2024 | AU$11.1b | AU$1.1b | -AU$2,510,572,000.00 | 103x | -4.4x | 10.2x |
| Sun, 16 Jun 2024 | AU$10.6b | AU$1.1b | -AU$2,510,572,000.00 | 106.5x | -4.2x | 9.7x |
| Tue, 14 May 2024 | AU$11.2b | AU$1.1b | -AU$2,510,572,000.00 | 109.2x | -4.5x | 10.3x |
| Thu, 11 Apr 2024 | AU$12.2b | AU$1.1b | -AU$2,549,377,000.00 | 109.2x | -4.8x | 10.9x |
| Sat, 09 Mar 2024 | AU$12.1b | AU$1.6b | -AU$2,549,377,000.00 | 107.4x | -4.8x | 7.7x |
| Mon, 05 Feb 2024 | AU$12.1b | AU$1.7b | -AU$1,567,021,000.00 | 290.7x | -7.7x | 7.1x |
| Wed, 03 Jan 2024 | AU$12.2b | AU$1.7b | -AU$1,567,021,000.00 | 288.5x | -7.8x | 7.2x |
| Fri, 01 Dec 2023 | AU$11.4b | AU$1.7b | -AU$1,567,021,000.00 | 253.6x | -7.3x | 6.7x |
| Sun, 29 Oct 2023 | AU$10.2b | AU$1.7b | -AU$1,567,021,000.00 | 233.9x | -6.5x | 6x |
| Tue, 26 Sep 2023 | AU$11.4b | AU$1.7b | -AU$1,567,021,000.00 | 238.3x | -7.3x | 6.7x |
| Thu, 24 Aug 2023 | AU$12.4b | AU$1.8b | -AU$1,171,789,000.00 | 676.6x | -10.6x | 6.8x |
Price to Earnings Ratio
-10.6x
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 11.8x which is lower than its 3-year average PE of 1kx.
- The 3-year average PS ratio of 7.6x is higher than the industry's current PS ratio of 4.2x.
Past Earnings Growth
- Total earnings for the Office REITs industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 6.3% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Trends
Which industries have driven the changes within the Australian Real Estate industry?
| AU Market | -1.38% | |
| Real Estate | -2.29% | |
| Office REITs | -2.80% | |
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 | |
|---|---|---|---|---|---|
| GDI GDI Property Group | AU$0.64 | 0.8% +AU$2.7m | -5.2% | PB13x |