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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?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 01 Dec 2022AU$145.1bAU$23.6bAU$18.6b6.9x7.8x6.1x
Sat, 29 Oct 2022AU$135.3bAU$23.7bAU$18.7b6.5x7.2x5.7x
Mon, 26 Sep 2022AU$129.5bAU$23.7bAU$18.7b6.3x6.9x5.5x
Wed, 24 Aug 2022AU$143.7bAU$23.2bAU$18.2b6.9x7.9x6.2x
Fri, 22 Jul 2022AU$144.6bAU$22.5bAU$18.7b6.6x7.7x6.4x
Sun, 19 Jun 2022AU$132.4bAU$22.5bAU$18.7b6x7.1x5.9x
Tue, 17 May 2022AU$150.3bAU$22.5bAU$18.7b7.2x8x6.7x
Thu, 14 Apr 2022AU$166.2bAU$22.7bAU$19.3b7.4x8.6x7.3x
Sat, 12 Mar 2022AU$162.4bAU$22.8bAU$19.5b7x8.3x7.1x
Mon, 07 Feb 2022AU$165.6bAU$19.8bAU$12.7b9.7x13x8.3x
Wed, 05 Jan 2022AU$183.6bAU$19.8bAU$12.4b10.3x14.8x9.3x
Fri, 03 Dec 2021AU$170.4bAU$19.8bAU$12.4b9.6x13.7x8.6x
Sun, 31 Oct 2021AU$165.9bAU$19.8bAU$12.4b9.8x13.3x8.4x
Tue, 28 Sep 2021AU$167.5bAU$19.8bAU$12.1b9.6x13.8x8.4x
Thu, 26 Aug 2021AU$162.0bAU$19.8bAU$12.1b8.7x13.4x8.2x
Fri, 02 Jul 2021AU$155.2bAU$19.9bAU$12.1b8.8x12.8x7.8x
Mon, 05 Apr 2021AU$140.7bAU$18.9bAU$5.1b12.5x27.4x7.5x
Thu, 07 Jan 2021AU$142.5bAU$17.9b-AU$1,816,312,794.0017.7x-78.4x8x
Wed, 30 Sep 2020AU$126.6bAU$18.1b-AU$897,614,364.0017.1x-141.1x7x
Sat, 04 Jul 2020AU$116.7bAU$18.3bAU$10.0m16.9x11620.2x6.4x
Tue, 07 Apr 2020AU$95.5bAU$18.6bAU$4.8b13.7x19.9x5.1x
Fri, 10 Jan 2020AU$143.7bAU$19.0bAU$9.6b15.6x14.9x7.6x
Price to Earnings Ratio

15.9x


Total Market Cap: AU$151.4bTotal Earnings: AU$9.5bTotal Revenue: AU$18.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian REITS Industry Price to Earnings3Y Average 1029.5x202020212022
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 Market0.51%
Real Estate2.05%
REITS2.24%
Office REITs3.24%
Industrial REITs3.09%
Diversified REITs2.41%
Residential REITs2.39%
Specialized REITs1.82%
Retail REITs1.07%
Hotel and Resort REITs0%
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?

CompanyLast Price7D1YValuation
GMG Goodman GroupAU$19.203.4%
+AU$1.2b
-22.5%PB2.2x
MGR Mirvac GroupAU$2.306.5%
+AU$552.5m
-19.0%PB0.8x
DXS DexusAU$8.085.8%
+AU$473.2m
-25.0%PB0.6x
CHC Charter Hall GroupAU$14.226.1%
+AU$387.9m
-26.4%PB2.1x
SGP StocklandAU$3.903.7%
+AU$333.6m
-8.9%PB0.9x
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MGR

AU$2.30

Mirvac Group

7D

6.5%

1Y

-19.0%

DXS

AU$8.08

Dexus

7D

5.8%

1Y

-25.0%

GPT

AU$4.50

GPT Group

7D

3.4%

1Y

-12.5%

CHC

AU$14.22

Charter Hall Group

7D

6.1%

1Y

-26.4%

HMC

AU$4.84

HMC Capital

7D

-5.7%

1Y

-33.2%

GMG

AU$19.20

Goodman Group

7D

3.4%

1Y

-22.5%

DXC

AU$2.82

Dexus Convenience Retail REIT

7D

-0.4%

1Y

-19.4%

CDP

AU$4.38

Carindale Property Trust

7D

-0.2%

1Y

-5.4%

SCG

AU$3.01

Scentre Group

7D

2.0%

1Y

1.0%

SGP

AU$3.90

Stockland

7D

3.7%

1Y

-8.9%

CLW

AU$4.49

Charter Hall Long WALE REIT

7D

3.7%

1Y

-6.8%

APW

AU$1.26

Aims Property Securities Fund

7D

-3.1%

1Y

6.3%

REP

AU$0.77

RAM Essential Services Property Fund

7D

-3.2%

1Y

-23.9%

NPR

AU$1.37

Newmark Property REIT

7D

-0.4%

1Y

n/a