Australian (ASX) REITS Industry Analysis
UpdatedDec 01, 2022
DataAggregated Company Financials
Companies43
- 7D2.2%
- 3M1.7%
- 1Y-15.1%
- YTD-21.0%
In the last week, the REITS industry is up 2.2%, with Goodman Group up 3.4%. In the same time, HMC Capital was down 5.7%. In the past year, the industry is down 15%. In the next few years, earnings are forecast to decline by 6.2% 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 |
|---|---|---|---|---|---|---|
| Thu, 01 Dec 2022 | AU$145.1b | AU$23.6b | AU$18.6b | 6.9x | 7.8x | 6.1x |
| Sat, 29 Oct 2022 | AU$135.3b | AU$23.7b | AU$18.7b | 6.5x | 7.2x | 5.7x |
| Mon, 26 Sep 2022 | AU$129.5b | AU$23.7b | AU$18.7b | 6.3x | 6.9x | 5.5x |
| Wed, 24 Aug 2022 | AU$143.7b | AU$23.2b | AU$18.2b | 6.9x | 7.9x | 6.2x |
| Fri, 22 Jul 2022 | AU$144.6b | AU$22.5b | AU$18.7b | 6.6x | 7.7x | 6.4x |
| Sun, 19 Jun 2022 | AU$132.4b | AU$22.5b | AU$18.7b | 6x | 7.1x | 5.9x |
| Tue, 17 May 2022 | AU$150.3b | AU$22.5b | AU$18.7b | 7.2x | 8x | 6.7x |
| Thu, 14 Apr 2022 | AU$166.2b | AU$22.7b | AU$19.3b | 7.4x | 8.6x | 7.3x |
| Sat, 12 Mar 2022 | AU$162.4b | AU$22.8b | AU$19.5b | 7x | 8.3x | 7.1x |
| Mon, 07 Feb 2022 | AU$165.6b | AU$19.8b | AU$12.7b | 9.7x | 13x | 8.3x |
| Wed, 05 Jan 2022 | AU$183.6b | AU$19.8b | AU$12.4b | 10.3x | 14.8x | 9.3x |
| Fri, 03 Dec 2021 | AU$170.4b | AU$19.8b | AU$12.4b | 9.6x | 13.7x | 8.6x |
| Sun, 31 Oct 2021 | AU$165.9b | AU$19.8b | AU$12.4b | 9.8x | 13.3x | 8.4x |
| Tue, 28 Sep 2021 | AU$167.5b | AU$19.8b | AU$12.1b | 9.6x | 13.8x | 8.4x |
| Thu, 26 Aug 2021 | AU$162.0b | AU$19.8b | AU$12.1b | 8.7x | 13.4x | 8.2x |
| Fri, 02 Jul 2021 | AU$155.2b | AU$19.9b | AU$12.1b | 8.8x | 12.8x | 7.8x |
| Mon, 05 Apr 2021 | AU$140.7b | AU$18.9b | AU$5.1b | 12.5x | 27.4x | 7.5x |
| Thu, 07 Jan 2021 | AU$142.5b | AU$17.9b | -AU$1,816,312,794.00 | 17.7x | -78.4x | 8x |
| Wed, 30 Sep 2020 | AU$126.6b | AU$18.1b | -AU$897,614,364.00 | 17.1x | -141.1x | 7x |
| Sat, 04 Jul 2020 | AU$116.7b | AU$18.3b | AU$10.0m | 16.9x | 11620.2x | 6.4x |
| Tue, 07 Apr 2020 | AU$95.5b | AU$18.6b | AU$4.8b | 13.7x | 19.9x | 5.1x |
| Fri, 10 Jan 2020 | AU$143.7b | AU$19.0b | AU$9.6b | 15.6x | 14.9x | 7.6x |
Price to Earnings Ratio
15.9x
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 7.8x which is lower than its 3-year average PE of 1kx.
- The 3-year average PS ratio of 7.2x is higher than the industry's current PS ratio of 6.1x.
Past Earnings Growth
- The earnings for companies in the REITs industry have grown 25% per year over the last three years.
- Revenues for these companies have grown 8.4% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Australian Real Estate industry?
| AU Market | 0.51% | |
| Real Estate | 2.05% | |
| REITS | 2.24% | |
| Office REITs | 3.24% | |
| Industrial REITs | 3.09% | |
| Diversified REITs | 2.41% | |
| Residential REITs | 2.39% | |
| Specialized REITs | 1.82% | |
| Retail REITs | 1.07% | |
| Hotel and Resort REITs | 0% | |
| Healthcare REITs | -3.31% | |
Industry PE
- Investors are most optimistic about the Residential REITs industry which is trading above its 3-year average PE ratio of 4.3x.
- Analysts are expecting annual earnings growth of 10.1%, which is lower than the prior year's growth of 1,194.6% per year.
- Investors are most pessimistic about the Office REITs industry, which is trading below its 3-year average of 11.5x.
Forecasted Growth
- Analysts are most optimistic on the Residential REITs industry, expecting annual earnings growth of 10% over the next 5 years.
- In contrast, the Healthcare REITs industry is expected to see its earnings decline by 29% 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 | |
|---|---|---|---|---|---|
| GMG Goodman Group | AU$19.20 | 3.4% +AU$1.2b | -22.5% | PB2.2x | |
| MGR Mirvac Group | AU$2.30 | 6.5% +AU$552.5m | -19.0% | PB0.8x | |
| DXS Dexus | AU$8.08 | 5.8% +AU$473.2m | -25.0% | PB0.6x | |
| CHC Charter Hall Group | AU$14.22 | 6.1% +AU$387.9m | -26.4% | PB2.1x | |
| SGP Stockland | AU$3.90 | 3.7% +AU$333.6m | -8.9% | PB0.9x |