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Australian (ASX) REITS Industry Analysis

UpdatedNov 28, 2021
DataAggregated Company Financials
  • 7D-1.5%
  • 3M1.5%
  • 1Y15.0%
  • YTD15.6%

Over the last 7 days, the REITS industry has dropped 1.5%, driven by a pullback from Scentre Group of 2.5%. This takes the industry's 12 month performance to a gain of 15%.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPE
Wed, 01 Dec 2021AU$173.5bAU$19.8bAU$12.4b9.7x
Fri, 29 Oct 2021AU$169.4bAU$19.8bAU$12.4b9.8x
Sun, 26 Sep 2021AU$166.5bAU$19.8bAU$12.1b9.8x
Tue, 24 Aug 2021AU$162.9bAU$19.8bAU$12.1b8.7x
Wed, 30 Jun 2021AU$155.2bAU$19.9bAU$12.1b8.8x
Sat, 03 Apr 2021AU$140.7bAU$18.9bAU$5.1b12.5x
Tue, 05 Jan 2021AU$142.5bAU$17.9b-AU$1,816,312,794.0017.7x
Fri, 09 Oct 2020AU$126.6bAU$18.1b-AU$897,614,364.0017.1x
Thu, 02 Jul 2020AU$116.7bAU$18.3bAU$10.0m16.9x
Sun, 05 Apr 2020AU$95.5bAU$18.6bAU$4.8b13.7x
Wed, 08 Jan 2020AU$143.7bAU$19.0bAU$9.6b15.6x
Tue, 01 Oct 2019AU$144.7bAU$18.5bAU$9.5b15.1x
Fri, 05 Jul 2019AU$142.0bAU$18.1bAU$9.4b15.9x
Mon, 08 Apr 2019AU$134.4bAU$18.3bAU$10.6b13.8x
Thu, 10 Jan 2019AU$118.6bAU$18.4bAU$11.8b13x
PE Ratio


Total Market Cap: AU$117.1bTotal Earnings: AU$13.1bTotal Revenue: AU$18.0b0%0%0%3 Year10 Year

Current Industry PE: Investors are more pessimistic on the industry, considering it's trading at a PE ratio of 9.6x which is lower than its 3-year average PE of 14.7x. It appears they believe that earnings will not grow as fast as they have historically.

Past Earnings Growth: The earnings for companies in the REITs industry have remained mostly flat over the last three years, while revenues for these companies have grown 3.3% per year.This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.

Industry Trends

Which industries have driven the changes within the Australian REITS industry?

Residential REITs0.39%
Industrial REITs0.036%
Specialized REITs-0.42%
Diversified REITs-1.59%
Office REITs-2.49%
Healthcare REITs-3.12%
Retail REITs-3.19%

Industry PE: Investors are most optimistic about the Residential REITs industry, which is trading close to its 3-year average PE ratio of 32.8x. However analysts are expecting annual earnings growth of 19%, which is lower than the prior year's growth of 131% per year. So the market might believe that analysts are underestimating future growth. Meanwhile, investors are most pessimistic about the Specialized REITs industry, which is trading below its 3-year average of 11.7x.

Forecasted Growth: Analysts are most optimistic on the Residential REITs industry, expecting annual earnings growth of 19% over the next 5 years. However this is lower than its past earnings growth rate of 131% per year. Meanwhile, the Specialized REITs industry is expected to see its earnings decline by 5.8% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

GMG Goodman Group0.7%+AU$317.6m29.7%n/a
NSR National Storage REIT2.8%+AU$84.5m29.7%n/a
CHC Charter Hall Group0.6%+AU$51.2m36.2%n/a
GPT GPT Group0.2%+AU$19.2m12.8%n/a
REP RAM Essential Services Property Fund3.6%+AU$18.2mn/an/a
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