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Australian (ASX) REITS Industry Analysis
UpdatedDec 20, 2024
DataAggregated Company Financials
Companies12
- 7D-2.3%
- 3M-10.9%
- 1Y4.2%
- YTD4.3%
Over the last 7 days, the REITS industry has dropped 2.3%, driven by declines in Mirvac Group and Stockland of 5.3% and 3.0%, respectively. In the past year, the industry has gained 4.2%. Earnings are forecast to grow by 32% 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 |
|---|---|---|---|---|---|---|
| Sat, 21 Dec 2024 | AU$41.7b | AU$8.6b | -AU$1,906,271,000.00 | 20.7x | -21.9x | 4.9x |
| Mon, 18 Nov 2024 | AU$44.0b | AU$8.6b | -AU$1,906,271,000.00 | 20.4x | -23.1x | 5.1x |
| Wed, 16 Oct 2024 | AU$46.5b | AU$8.6b | -AU$1,906,271,000.00 | 23x | -24.4x | 5.4x |
| Fri, 13 Sep 2024 | AU$46.0b | AU$8.6b | -AU$1,906,271,000.00 | 20.7x | -24.2x | 5.4x |
| Sun, 11 Aug 2024 | AU$39.6b | AU$8.2b | -AU$1,481,528,000.00 | 44.7x | -26.7x | 4.8x |
| Tue, 09 Jul 2024 | AU$36.5b | AU$7.5b | -AU$1,335,063,000.00 | 41.5x | -27.3x | 4.9x |
| Thu, 06 Jun 2024 | AU$39.9b | AU$7.5b | -AU$1,335,063,000.00 | 45.2x | -29.9x | 5.4x |
| Sat, 04 May 2024 | AU$38.8b | AU$7.5b | -AU$1,335,063,000.00 | 43.6x | -29.1x | 5.2x |
| Mon, 01 Apr 2024 | AU$43.2b | AU$7.5b | -AU$1,335,063,000.00 | 48x | -32.4x | 5.8x |
| Wed, 28 Feb 2024 | AU$39.6b | AU$7.5b | -AU$1,332,434,000.00 | 44.2x | -29.7x | 5.3x |
| Fri, 26 Jan 2024 | AU$39.0b | AU$7.6b | AU$8.6m | 20.9x | 4557x | 5.1x |
| Sun, 24 Dec 2023 | AU$40.3b | AU$7.6b | AU$8.6m | 21.2x | 4702.9x | 5.3x |
| Tue, 21 Nov 2023 | AU$36.8b | AU$7.6b | AU$8.6m | 20x | 4298.9x | 4.8x |
| Thu, 19 Oct 2023 | AU$34.9b | AU$7.6b | AU$8.6m | 19.4x | 4071.6x | 4.6x |
| Sat, 16 Sep 2023 | AU$37.9b | AU$7.6b | AU$8.6m | 20x | 4420.7x | 5x |
| Mon, 14 Aug 2023 | AU$39.2b | AU$8.0b | AU$2.5b | 13.8x | 15.8x | 4.9x |
| Wed, 12 Jul 2023 | AU$41.3b | AU$8.6b | AU$3.4b | 9.7x | 12.1x | 4.8x |
| Fri, 09 Jun 2023 | AU$41.5b | AU$8.6b | AU$3.4b | 9.8x | 12.2x | 4.8x |
| Sun, 07 May 2023 | AU$44.5b | AU$8.6b | AU$3.4b | 10.5x | 13x | 5.2x |
| Tue, 04 Apr 2023 | AU$41.8b | AU$8.6b | AU$3.4b | 10x | 12.2x | 4.9x |
| Thu, 02 Mar 2023 | AU$144.5b | AU$21.4b | AU$10.1b | 13x | 14.4x | 6.8x |
| Sat, 28 Jan 2023 | AU$148.7b | AU$23.6b | AU$18.6b | 7x | 8x | 6.3x |
| Mon, 26 Dec 2022 | AU$139.6b | AU$23.6b | AU$18.6b | 6.6x | 7.5x | 5.9x |
| Wed, 23 Nov 2022 | AU$140.6b | AU$23.6b | AU$18.6b | 6.8x | 7.5x | 5.9x |
| Fri, 21 Oct 2022 | AU$129.3b | AU$23.7b | AU$18.7b | 6.2x | 6.9x | 5.5x |
| Sun, 18 Sep 2022 | AU$137.0b | AU$23.7b | AU$18.7b | 6.5x | 7.3x | 5.8x |
| Tue, 16 Aug 2022 | AU$150.2b | AU$22.8b | AU$18.1b | 6.9x | 8.3x | 6.6x |
| Thu, 14 Jul 2022 | AU$142.8b | AU$22.5b | AU$18.7b | 6.6x | 7.6x | 6.3x |
| Sat, 11 Jun 2022 | AU$139.9b | AU$22.5b | AU$18.7b | 6.6x | 7.5x | 6.2x |
| Mon, 09 May 2022 | AU$154.3b | AU$22.5b | AU$18.7b | 7.6x | 8.2x | 6.8x |
| Wed, 06 Apr 2022 | AU$169.4b | AU$22.7b | AU$19.3b | 7.3x | 8.8x | 7.5x |
| Fri, 04 Mar 2022 | AU$162.8b | AU$22.8b | AU$19.5b | 6.8x | 8.4x | 7.1x |
| Sun, 30 Jan 2022 | AU$160.8b | AU$19.8b | AU$12.4b | 9.3x | 12.9x | 8.1x |
| Tue, 28 Dec 2021 | AU$179.6b | AU$19.8b | AU$12.4b | 10.1x | 14.4x | 9.1x |
Price to Earnings Ratio
14.4x
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 3-year average PS ratio of 5.8x is higher than the industry's current PS ratio of 4.9x.
Past Earnings Growth
- Total earnings for the REITs industry have declined over the last three years, with the industry now making a loss overall.
- Revenues have also declined 24% per year, which is driving profits down.
Industry Trends
Which industries have driven the changes within the Australian Real Estate industry?
| AU Market | -1.97% | |
| Real Estate | -1.97% | |
| REITS | -2.35% | |
| Specialized REITs | 2.19% | |
| Residential REITs | 1.94% | |
| Hotel and Resort REITs | 0% | |
| Office REITs | -0.10% | |
| Retail REITs | -0.45% | |
| Diversified REITs | -2.35% | |
| Healthcare REITs | -2.90% | |
| Industrial REITs | -3.17% | |
Industry PE
- Investors are most optimistic about the Healthcare REITs industry which is trading above its 3-year average PE ratio of 30.0x.
- Analysts are expecting annual earnings growth of 39.1%, which is higher than its past year's earnings decline of 65.8% per year.
Forecasted Growth
- Analysts are most optimistic on the Office REITs industry, expecting annual earnings growth of 51% over the next 5 years.
- However this is lower than its past earnings growth rate of 114% per year.
- In contrast, the Hotel and Resort REITs industry is expected to see its earnings grow by 4.8% 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 | |
|---|---|---|---|---|---|
| GOZ Growthpoint Properties Australia | AU$2.49 | 1.6% +AU$30.2m | 2.0% | PB0.7x | |
| GPT GPT Group | AU$4.49 | 0.2% +AU$19.2m | -3.4% | PB0.8x | |
| CLW Charter Hall Long WALE REIT | AU$3.73 | 0.3% +AU$7.1m | 0% | PB0.8x | |
| REP RAM Essential Services Property Fund | AU$0.59 | 0.9% +AU$2.5m | -17.5% | PB1.4x | |
| TOT 360 Capital REIT | AU$0.41 | 2.5% +AU$2.2m | -23.1% | PB0.7x |