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Australian (ASX) REITS Industry Analysis

UpdatedDec 03, 2023
DataAggregated Company Financials
Companies13
  • 7D1.6%
  • 3M-6.3%
  • 1Y-10.4%
  • YTD-4.5%

Over the last 7 days, the REITS industry has risen 1.6%, driven by gains from Mirvac Group of 3.3%. In the past year, the industry is down 10%. As for the next few years, earnings are expected to grow by 22% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 03 Dec 2023AU$36.8bAU$7.6bAU$8.6m20.2x4297.2x4.8x
Tue, 31 Oct 2023AU$32.1bAU$7.6bAU$8.6m18.6x3750.3x4.2x
Thu, 28 Sep 2023AU$36.3bAU$7.6bAU$8.6m19.9x4242x4.8x
Sat, 26 Aug 2023AU$38.5bAU$7.6bAU$93.6m20.4x411.4x5.1x
Mon, 24 Jul 2023AU$42.2bAU$8.6bAU$3.4b9.9x12.4x4.9x
Wed, 21 Jun 2023AU$42.8bAU$8.6bAU$3.4b10.1x12.5x5x
Fri, 19 May 2023AU$43.8bAU$8.6bAU$3.4b10.4x12.8x5.1x
Sun, 16 Apr 2023AU$42.5bAU$8.6bAU$3.4b10x12.5x4.9x
Tue, 14 Mar 2023AU$141.2bAU$21.4bAU$10.1b11.3x14x6.6x
Thu, 09 Feb 2023AU$149.8bAU$23.7bAU$17.9b7.3x8.4x6.3x
Sat, 07 Jan 2023AU$137.3bAU$23.6bAU$18.6b6.4x7.4x5.8x
Mon, 05 Dec 2022AU$142.8bAU$23.6bAU$18.6b6.9x7.7x6x
Wed, 02 Nov 2022AU$140.3bAU$23.6bAU$18.6b6.9x7.5x5.9x
Fri, 30 Sep 2022AU$126.3bAU$23.7bAU$18.7b6.1x6.8x5.3x
Sun, 28 Aug 2022AU$147.0bAU$23.7bAU$18.6b7.2x7.9x6.2x
Tue, 26 Jul 2022AU$146.0bAU$22.5bAU$18.7b6.7x7.8x6.5x
Thu, 23 Jun 2022AU$134.8bAU$22.5bAU$18.7b6.2x7.2x6x
Sat, 21 May 2022AU$149.5bAU$22.5bAU$18.7b7.3x8x6.6x
Mon, 18 Apr 2022AU$166.8bAU$22.7bAU$19.3b7.4x8.6x7.3x
Wed, 16 Mar 2022AU$165.0bAU$22.8bAU$19.5b7x8.5x7.2x
Fri, 11 Feb 2022AU$166.9bAU$20.5bAU$13.9b9.2x12x8.1x
Sun, 09 Jan 2022AU$176.3bAU$19.8bAU$12.4b10.1x14.2x8.9x
Tue, 07 Dec 2021AU$171.9bAU$19.8bAU$12.4b9.5x13.8x8.7x
Thu, 04 Nov 2021AU$169.9bAU$19.8bAU$12.4b9.8x13.7x8.6x
Sat, 02 Oct 2021AU$160.4bAU$19.8bAU$12.4b9x12.9x8.1x
Mon, 30 Aug 2021AU$163.3bAU$19.8bAU$12.1b9.4x13.5x8.2x
Tue, 06 Jul 2021AU$155.2bAU$19.9bAU$12.1b8.8x12.8x7.8x
Fri, 09 Apr 2021AU$140.7bAU$18.9bAU$5.1b12.5x27.4x7.5x
Thu, 31 Dec 2020AU$142.5bAU$17.9b-AU$1,816,312,794.0017.7x-78.4x8x
Price to Earnings Ratio

-158.9x


Total Market Cap: AU$142.7bTotal Earnings: -AU$897,614,364.00Total Revenue: AU$18.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian REITS Industry Price to Earnings3Y Average 363.7x202120222023
Current Industry PE
  • Investors are optimistic on the Australian REITs industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 4kx which is higher than its 3-year average PE of 364x.
  • The 3-year average PS ratio of 6.7x is higher than the industry's current PS ratio of 4.8x.
Past Earnings Growth
  • Total earnings for the REITs industry have gone up over the last three years and the industry is now profitable.
  • Revenues have declined 25% per year.
  • This means that less sales are being generated overall, but since the cost of doing business is lower, profits have been increasing.

Industry Trends

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

AU Market0.46%
Real Estate1.09%
REITS1.60%
Retail REITs2.52%
Diversified REITs1.60%
Office REITs0.62%
Industrial REITs-0.082%
Specialized REITs-0.40%
Hotel and Resort REITs-0.75%
Residential REITs-1.60%
Healthcare REITs-4.20%
Industry PE
  • Investors are most optimistic about the Diversified REITs industry which is trading above its 3-year average PE ratio of 650x.
    • Analysts are expecting annual earnings growth of 22.0%, which is higher than its past year's earnings decline of 27.8% per year.
Forecasted Growth
  • Analysts are most optimistic on the Office REITs industry, expecting annual earnings growth of 49% over the next 5 years.
  • In contrast, the Specialized REITs industry is expected to see its earnings decline by 3.7% 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
MGR Mirvac GroupAU$2.043.3%
+AU$256.5m
-8.9%PB0.8x
SGP StocklandAU$4.071.5%
+AU$143.1m
6.3%PB1x
GPT GPT GroupAU$4.101.2%
+AU$95.8m
-6.8%PB0.7x
GOZ Growthpoint Properties AustraliaAU$2.332.6%
+AU$45.2m
-27.9%PB0.6x
CNI Centuria Capital GroupAU$1.442.5%
+AU$28.2m
-21.6%PB1.6x
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CNI

AU$1.44

Centuria Capital Group

7D

2.5%

1Y

-21.6%

APZ

AU$1.70

Aspen Group

7D

-0.6%

1Y

-4.0%

WOT

AU$1.18

Wotso Property

7D

3.1%

1Y

-16.1%

MGR

AU$2.04

Mirvac Group

7D

3.3%

1Y

-8.9%

SGP

AU$4.07

Stockland

7D

1.5%

1Y

6.3%

CHC

AU$10.22

Charter Hall Group

7D

-0.3%

1Y

-24.2%

GPT

AU$4.10

GPT Group

7D

1.2%

1Y

-6.8%

REP

AU$0.69

RAM Essential Services Property Fund

7D

1.5%

1Y

-9.2%

GOZ

AU$2.33

Growthpoint Properties Australia

7D

2.6%

1Y

-27.9%