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?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 03 Dec 2023 | AU$36.8b | AU$7.6b | AU$8.6m | 20.2x | 4297.2x | 4.8x |
| Tue, 31 Oct 2023 | AU$32.1b | AU$7.6b | AU$8.6m | 18.6x | 3750.3x | 4.2x |
| Thu, 28 Sep 2023 | AU$36.3b | AU$7.6b | AU$8.6m | 19.9x | 4242x | 4.8x |
| Sat, 26 Aug 2023 | AU$38.5b | AU$7.6b | AU$93.6m | 20.4x | 411.4x | 5.1x |
| Mon, 24 Jul 2023 | AU$42.2b | AU$8.6b | AU$3.4b | 9.9x | 12.4x | 4.9x |
| Wed, 21 Jun 2023 | AU$42.8b | AU$8.6b | AU$3.4b | 10.1x | 12.5x | 5x |
| Fri, 19 May 2023 | AU$43.8b | AU$8.6b | AU$3.4b | 10.4x | 12.8x | 5.1x |
| Sun, 16 Apr 2023 | AU$42.5b | AU$8.6b | AU$3.4b | 10x | 12.5x | 4.9x |
| Tue, 14 Mar 2023 | AU$141.2b | AU$21.4b | AU$10.1b | 11.3x | 14x | 6.6x |
| Thu, 09 Feb 2023 | AU$149.8b | AU$23.7b | AU$17.9b | 7.3x | 8.4x | 6.3x |
| Sat, 07 Jan 2023 | AU$137.3b | AU$23.6b | AU$18.6b | 6.4x | 7.4x | 5.8x |
| Mon, 05 Dec 2022 | AU$142.8b | AU$23.6b | AU$18.6b | 6.9x | 7.7x | 6x |
| Wed, 02 Nov 2022 | AU$140.3b | AU$23.6b | AU$18.6b | 6.9x | 7.5x | 5.9x |
| Fri, 30 Sep 2022 | AU$126.3b | AU$23.7b | AU$18.7b | 6.1x | 6.8x | 5.3x |
| Sun, 28 Aug 2022 | AU$147.0b | AU$23.7b | AU$18.6b | 7.2x | 7.9x | 6.2x |
| Tue, 26 Jul 2022 | AU$146.0b | AU$22.5b | AU$18.7b | 6.7x | 7.8x | 6.5x |
| Thu, 23 Jun 2022 | AU$134.8b | AU$22.5b | AU$18.7b | 6.2x | 7.2x | 6x |
| Sat, 21 May 2022 | AU$149.5b | AU$22.5b | AU$18.7b | 7.3x | 8x | 6.6x |
| Mon, 18 Apr 2022 | AU$166.8b | AU$22.7b | AU$19.3b | 7.4x | 8.6x | 7.3x |
| Wed, 16 Mar 2022 | AU$165.0b | AU$22.8b | AU$19.5b | 7x | 8.5x | 7.2x |
| Fri, 11 Feb 2022 | AU$166.9b | AU$20.5b | AU$13.9b | 9.2x | 12x | 8.1x |
| Sun, 09 Jan 2022 | AU$176.3b | AU$19.8b | AU$12.4b | 10.1x | 14.2x | 8.9x |
| Tue, 07 Dec 2021 | AU$171.9b | AU$19.8b | AU$12.4b | 9.5x | 13.8x | 8.7x |
| Thu, 04 Nov 2021 | AU$169.9b | AU$19.8b | AU$12.4b | 9.8x | 13.7x | 8.6x |
| Sat, 02 Oct 2021 | AU$160.4b | AU$19.8b | AU$12.4b | 9x | 12.9x | 8.1x |
| Mon, 30 Aug 2021 | AU$163.3b | AU$19.8b | AU$12.1b | 9.4x | 13.5x | 8.2x |
| Tue, 06 Jul 2021 | AU$155.2b | AU$19.9b | AU$12.1b | 8.8x | 12.8x | 7.8x |
| Fri, 09 Apr 2021 | AU$140.7b | AU$18.9b | AU$5.1b | 12.5x | 27.4x | 7.5x |
| Thu, 31 Dec 2020 | AU$142.5b | AU$17.9b | -AU$1,816,312,794.00 | 17.7x | -78.4x | 8x |
Price to Earnings Ratio
-158.9x
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 Market | 0.46% | |
| Real Estate | 1.09% | |
| REITS | 1.60% | |
| Retail REITs | 2.52% | |
| Diversified REITs | 1.60% | |
| Office REITs | 0.62% | |
| 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| MGR Mirvac Group | AU$2.04 | 3.3% +AU$256.5m | -8.9% | PB0.8x | |
| SGP Stockland | AU$4.07 | 1.5% +AU$143.1m | 6.3% | PB1x | |
| GPT GPT Group | AU$4.10 | 1.2% +AU$95.8m | -6.8% | PB0.7x | |
| GOZ Growthpoint Properties Australia | AU$2.33 | 2.6% +AU$45.2m | -27.9% | PB0.6x | |
| CNI Centuria Capital Group | AU$1.44 | 2.5% +AU$28.2m | -21.6% | PB1.6x |