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Australian (ASX) REITS Industry Analysis

UpdatedJan 13, 2026
DataAggregated Company Financials
Companies11
  • 7D-1.1%
  • 3M-3.8%
  • 1Y26.1%
  • YTD-1.6%

Over the last 7 days, the REITS industry has dropped 1.1%, driven by Stockland declining 1.4%. This takes the industry's 12 month performance to a gain of 26%. As for the next few years, earnings are expected to grow by 14% per annum.

Industry Valuation and Performance

Has the Australian REITS Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 13 Jan 2026AU$51.4bAU$9.0bAU$1.6b25.9x32.2x5.7x
Thu, 11 Dec 2025AU$52.2bAU$9.0bAU$1.6b25.8x32.7x5.8x
Sat, 08 Nov 2025AU$53.7bAU$9.0bAU$1.6b26.8x33.7x6x
Mon, 06 Oct 2025AU$53.9bAU$9.0bAU$1.6b26.8x33.8x6x
Wed, 03 Sep 2025AU$54.1bAU$9.0bAU$1.6b27.4x33.9x6x
Fri, 01 Aug 2025AU$49.3bAU$8.9b-AU$822,984,000.0019x-60x5.6x
Sun, 29 Jun 2025AU$47.6bAU$8.9b-AU$822,984,000.0018.2x-57.9x5.4x
Tue, 27 May 2025AU$47.0bAU$8.9b-AU$822,984,000.0016.2x-57.2x5.3x
Thu, 24 Apr 2025AU$44.5bAU$8.9b-AU$822,984,000.0014.6x-54.1x5x
Sat, 22 Mar 2025AU$43.5bAU$8.9b-AU$822,984,000.0014.5x-52.9x4.9x
Mon, 17 Feb 2025AU$44.4bAU$8.7b-AU$1,596,616,000.0019.6x-27.8x5.1x
Wed, 15 Jan 2025AU$41.3bAU$8.6b-AU$1,906,271,000.0020.5x-21.7x4.8x
Fri, 13 Dec 2024AU$42.7bAU$8.6b-AU$1,906,271,000.0021.3x-22.4x5x
Sun, 10 Nov 2024AU$43.3bAU$8.6b-AU$1,906,271,000.0020.4x-22.7x5x
Tue, 08 Oct 2024AU$46.2bAU$8.6b-AU$1,906,271,000.0022.7x-24.2x5.4x
Thu, 05 Sep 2024AU$43.3bAU$8.6b-AU$1,906,271,000.0019x-22.7x5x
Sat, 03 Aug 2024AU$40.4bAU$7.5b-AU$1,335,063,000.0045x-30.3x5.4x
Mon, 01 Jul 2024AU$36.6bAU$7.5b-AU$1,335,063,000.0041.3x-27.4x4.9x
Wed, 29 May 2024AU$39.4bAU$7.5b-AU$1,335,063,000.0045.2x-29.5x5.3x
Fri, 26 Apr 2024AU$39.0bAU$7.5b-AU$1,335,063,000.0043.4x-29.2x5.2x
Sun, 24 Mar 2024AU$42.2bAU$7.5b-AU$1,335,063,000.0047.3x-31.6x5.7x
Tue, 20 Feb 2024AU$40.5bAU$7.9b-AU$791,066,000.0025x-51.2x5.1x
Thu, 18 Jan 2024AU$39.3bAU$7.6bAU$8.6m21.1x4588x5.2x
Sat, 16 Dec 2023AU$40.7bAU$7.6bAU$8.6m21.4x4752.3x5.3x
Mon, 13 Nov 2023AU$35.0bAU$7.6bAU$8.6m19.5x4084.4x4.6x
Wed, 11 Oct 2023AU$35.1bAU$7.6bAU$8.6m19.4x4103.3x4.6x
Fri, 08 Sep 2023AU$38.5bAU$7.6bAU$8.6m20.2x4496.8x5.1x
Sun, 06 Aug 2023AU$39.6bAU$8.3bAU$3.1b11.1x12.7x4.8x
Tue, 04 Jul 2023AU$41.4bAU$8.6bAU$3.4b9.7x12.1x4.8x
Thu, 01 Jun 2023AU$42.8bAU$8.6bAU$3.4b10.1x12.5x5x
Sat, 29 Apr 2023AU$44.3bAU$8.6bAU$3.4b10.3x13x5.2x
Mon, 27 Mar 2023AU$40.5bAU$8.6bAU$3.4b9.6x11.9x4.7x
Wed, 22 Feb 2023AU$146.8bAU$21.3bAU$11.3b10.6x13x6.9x
Fri, 20 Jan 2023AU$145.1bAU$23.6bAU$18.6b6.8x7.8x6.1x
Price to Earnings Ratio

7.8x


Total Market Cap: AU$145.1bTotal Earnings: AU$18.6bTotal Revenue: AU$23.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian REITS Industry Price to Earnings3Y Average 643.7x202420252026
Current Industry PE
  • Investors are pessimistic on the Australian 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 32.2x which is lower than its 3-year average PE of 644x.
  • The industry is trading close to its 3-year average PS ratio of 5.3x.
Past Earnings Growth
  • The earnings for companies in the REITs industry have declined 56% per year over the last three years,
  • Revenues have also declined 28% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

Which industries have driven the changes within the Australian Real Estate industry?

AU Market0.73%
Real Estate-0.44%
REITS-1.06%
Healthcare REITs4.17%
Specialized REITs1.06%
Residential REITs0.53%
Hotel and Resort REITs0%0
Retail REITs-0.19%
Office REITs-0.47%
Industrial REITs-0.64%
Diversified REITs-1.06%
Industry PE
  • Investors are most optimistic about the Office REITs industry which is trading above its 3-year average PE ratio of 1kx.
    • Analysts are expecting annual earnings growth of 23.8%, which is higher than its past year's earnings growth of 16.6% per year.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare REITs industry, expecting annual earnings growth of 86% over the next 5 years.
  • In contrast, the Retail REITs industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
CHC Charter Hall GroupAU$24.231.5%
+AU$165.5m		65.6%PB4.2x
GPT GPT GroupAU$5.441.5%
+AU$153.2m		22.5%PB1x
CNI Centuria Capital GroupAU$2.053.5%
+AU$58.1m		13.6%PB2.2x
APZ Aspen GroupAU$5.723.8%
+AU$47.8m		140.3%PB2.4x
MGR Mirvac GroupAU$2.030.5%
+AU$39.5m		8.8%PB0.9x

Latest News

GPT
AU$5.44
GPT Group
7D
1.5%
1Y
22.5%

GPT: Future Returns Will Reflect Slightly Higher Risk And Stable Fair Value

Analysts have modestly adjusted their price target for GPT Group, reflecting slightly higher assumptions for the discount rate and future P/E multiple, while keeping fair value broadly steady. Valuation Changes Fair Value: Fair value per security is unchanged at A$5.92.
SGP
AU$5.51
Stockland
7D
-1.4%
1Y
14.3%

SGP: Stable Earnings Assumptions And Upcoming Distribution Will Support Future Upside

Analysts have left their fair value estimate for Stockland broadly unchanged at A$6.36 per share, citing only slight tweaks to assumptions such as the discount rate and future P/E that were not material enough to shift the overall price target. What's in the News Stockland announced an estimated distribution of A$0.09 per security for the six months ending 31 December 2025, with an ex date of 30 December 2025, record date of 31 December 2025, and payment date of 27 February 2026 (Key Developments).
CHC
AU$24.23
Charter Hall Group
7D
1.5%
1Y
65.6%

CHC: Steady Valuation Will Rely On Higher Earnings Guidance And Dividend Outlook

Analysts have kept their price target for Charter Hall Group steady at A$24.03, reflecting unchanged assumptions on the discount rate, revenue growth, profit margin and future P/E. What's in the News Charter Hall Group announced a dividend of A$0.2483 per security for the six months ended December 31, 2025, with record date on December 31, 2025, ex date on December 30, 2025, and payment date on February 27, 2026 (Key Developments).
GOZ
AU$2.45
Growthpoint Properties Australia
7D
1.2%
1Y
5.2%
APW
AU$3.20
Aims Property Securities Fund
7D
3.2%
1Y
78.8%
CNI
AU$2.05
Centuria Capital Group
7D
3.5%
1Y
13.6%
MGR
AU$2.03
Mirvac Group
7D
0.5%
1Y
8.8%
APZ
AU$5.72
Aspen Group
7D
3.8%
1Y
140.3%
CLW
AU$4.06
Charter Hall Long WALE REIT
7D
1.2%
1Y
5.7%