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Australian (ASX) REITS Industry Analysis
UpdatedFeb 20, 2026
DataAggregated Company Financials
Companies11
- 7D-0.04%
- 3M-11.2%
- 1Y6.4%
- YTD-7.9%
Last week, the REITS industry hasn't moved much but Mirvac Group is up 5.0% in that time. The past year has been better, since the industry has gained 6.4% in that time. Looking forward, earnings are forecast to grow by 10.0% annually.
Industry Valuation and Performance
Has the Australian REITS Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 20 Feb 2026 | AU$48.0b | AU$9.5b | AU$2.7b | 17.2x | 18x | 5x |
| Sun, 18 Jan 2026 | AU$51.5b | AU$9.0b | AU$1.6b | 26.1x | 32.3x | 5.7x |
| Tue, 16 Dec 2025 | AU$52.7b | AU$9.0b | AU$1.6b | 26x | 33x | 5.9x |
| Thu, 13 Nov 2025 | AU$54.9b | AU$9.0b | AU$1.6b | 27.4x | 34.4x | 6.1x |
| Sat, 11 Oct 2025 | AU$53.4b | AU$9.0b | AU$1.6b | 26.4x | 33.5x | 5.9x |
| Mon, 08 Sep 2025 | AU$54.2b | AU$9.0b | AU$1.6b | 27.4x | 34x | 6x |
| Wed, 06 Aug 2025 | AU$49.8b | AU$8.8b | -AU$820,804,000.00 | 19.6x | -60.6x | 5.6x |
| Fri, 04 Jul 2025 | AU$48.5b | AU$8.9b | -AU$822,984,000.00 | 18.4x | -58.9x | 5.5x |
| Sun, 01 Jun 2025 | AU$47.5b | AU$8.9b | -AU$822,984,000.00 | 16.8x | -57.8x | 5.4x |
| Tue, 29 Apr 2025 | AU$45.1b | AU$8.9b | -AU$822,984,000.00 | 14.9x | -54.8x | 5.1x |
| Thu, 27 Mar 2025 | AU$43.9b | AU$8.9b | -AU$822,984,000.00 | 14.6x | -53.3x | 4.9x |
| Sat, 22 Feb 2025 | AU$45.1b | AU$8.7b | -AU$864,224,000.00 | 19.8x | -52.2x | 5.2x |
| Mon, 20 Jan 2025 | AU$42.6b | AU$8.6b | -AU$1,906,271,000.00 | 21.1x | -22.4x | 5x |
| Wed, 18 Dec 2024 | AU$42.1b | AU$8.6b | -AU$1,906,271,000.00 | 20.8x | -22.1x | 4.9x |
| Fri, 15 Nov 2024 | AU$44.1b | AU$8.6b | -AU$1,906,271,000.00 | 20.7x | -23.1x | 5.1x |
| Sun, 13 Oct 2024 | AU$46.1b | AU$8.6b | -AU$1,906,271,000.00 | 22.4x | -24.2x | 5.4x |
| Tue, 10 Sep 2024 | AU$45.5b | AU$8.6b | -AU$1,906,271,000.00 | 19.4x | -23.9x | 5.3x |
| Thu, 08 Aug 2024 | AU$40.1b | AU$7.5b | -AU$1,335,063,000.00 | 44.3x | -30x | 5.4x |
| Sat, 06 Jul 2024 | AU$36.8b | AU$7.5b | -AU$1,335,063,000.00 | 42.2x | -27.5x | 4.9x |
| Mon, 03 Jun 2024 | AU$38.9b | AU$7.5b | -AU$1,335,063,000.00 | 44.5x | -29.2x | 5.2x |
| Wed, 01 May 2024 | AU$39.1b | AU$7.5b | -AU$1,335,063,000.00 | 44x | -29.3x | 5.2x |
| Fri, 29 Mar 2024 | AU$43.2b | AU$7.5b | -AU$1,335,063,000.00 | 48x | -32.4x | 5.8x |
| Sun, 25 Feb 2024 | AU$40.0b | AU$7.5b | -AU$1,332,434,000.00 | 44.2x | -30x | 5.3x |
| Tue, 23 Jan 2024 | AU$39.0b | AU$7.6b | AU$8.6m | 20.9x | 4559x | 5.1x |
| Thu, 21 Dec 2023 | AU$40.9b | AU$7.6b | AU$8.6m | 21.3x | 4770.8x | 5.4x |
| Sat, 18 Nov 2023 | AU$37.0b | AU$7.6b | AU$8.6m | 20x | 4317.4x | 4.9x |
| Mon, 16 Oct 2023 | AU$35.1b | AU$7.6b | AU$8.6m | 19.5x | 4095.9x | 4.6x |
| Wed, 13 Sep 2023 | AU$38.2b | AU$7.6b | AU$8.6m | 20x | 4460.7x | 5x |
| Fri, 11 Aug 2023 | AU$39.2b | AU$8.0b | AU$2.5b | 13.9x | 15.8x | 4.9x |
| Sun, 09 Jul 2023 | AU$40.7b | AU$8.6b | AU$3.4b | 9.5x | 11.9x | 4.7x |
| Tue, 06 Jun 2023 | AU$43.7b | AU$8.6b | AU$3.4b | 10.5x | 12.8x | 5.1x |
| Thu, 04 May 2023 | AU$42.9b | AU$8.6b | AU$3.4b | 10.1x | 12.6x | 5x |
| Sat, 01 Apr 2023 | AU$41.0b | AU$8.6b | AU$3.4b | 9.8x | 12x | 4.8x |
| Mon, 27 Feb 2023 | AU$148.1b | AU$21.4b | AU$10.6b | 10.6x | 13.9x | 6.9x |
Price to Earnings Ratio
13.9x
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 18.0x 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 37% per year over the last three years,
- Revenues have also declined 24% 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 Market | 0.31% | |
| Real Estate | 0.18% | |
| REITS | -0.045% | |
| Healthcare REITs | 4.51% | |
| Office REITs | 3.75% | |
| Retail REITs | 1.41% | |
| Specialized REITs | 0.84% | |
| Residential REITs | 0.62% | |
| Hotel and Resort REITs | 0% | 0 |
| Diversified REITs | -0.045% | |
| Industrial REITs | -1.48% | |
Industry PE
- Investors are most optimistic about the Industrial REITs industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 17.3%, which is lower than the prior year's growth of 83.6% per year.
Forecasted Growth
- Analysts are most optimistic on the Healthcare REITs industry, expecting annual earnings growth of 97% over the next 5 years.
- In contrast, the Retail REITs industry is expected to see its earnings decline by 5.3% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| MGR Mirvac Group | AU$2.00 | 5.0% +AU$374.9m | -5.2% | PB0.9x | |
| APZ Aspen Group | AU$5.77 | 16.6% +AU$186.7m | 108.3% | PB2.4x | |
| CNI Centuria Capital Group | AU$2.03 | 4.9% +AU$78.9m | 16.0% | PB2.2x | |
| GOZ Growthpoint Properties Australia | AU$2.25 | 1.4% +AU$22.6m | -7.8% | PB0.7x | |
| CLW Charter Hall Long WALE REIT | AU$3.76 | 0.3% +AU$7.1m | -3.1% | PB0.8x |