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Australian (ASX) REITS Industry Analysis

UpdatedApr 14, 2026
DataAggregated Company Financials
Companies11
  • 7D2.7%
  • 3M-18.7%
  • 1Y-4.7%
  • YTD-19.8%

Charter Hall Group is up 8.2%, leading the way for the REITS industry, which has gained 2.7%. However, the industry is down 4.7% over the past year. As for the next few years, earnings are expected to grow by 7.1% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 15 Apr 2026AU$41.9bAU$9.7bAU$2.8b17.8x14.7x4.3x
Fri, 13 Mar 2026AU$43.4bAU$9.7bAU$2.8b18.9x15.2x4.5x
Sun, 08 Feb 2026AU$48.2bAU$9.0bAU$1.6b24x30.2x5.4x
Tue, 06 Jan 2026AU$51.9bAU$9.0bAU$1.6b26x32.6x5.8x
Thu, 04 Dec 2025AU$53.4bAU$9.0bAU$1.6b26.7x33.5x5.9x
Sat, 01 Nov 2025AU$53.9bAU$9.0bAU$1.6b26.3x33.8x6x
Mon, 29 Sep 2025AU$53.0bAU$9.0bAU$1.6b27x33.3x5.9x
Wed, 27 Aug 2025AU$55.2bAU$9.0bAU$1.6b27.9x34.3x6.1x
Fri, 25 Jul 2025AU$48.3bAU$8.9b-AU$822,984,000.0018.2x-58.7x5.4x
Sun, 22 Jun 2025AU$49.0bAU$8.9b-AU$822,984,000.0018.1x-59.6x5.5x
Tue, 20 May 2025AU$46.9bAU$8.9b-AU$822,984,000.0016.1x-57x5.3x
Thu, 17 Apr 2025AU$43.7bAU$8.9b-AU$822,984,000.0014.3x-53.1x4.9x
Sat, 15 Mar 2025AU$42.7bAU$8.9b-AU$822,984,000.0013.9x-51.9x4.8x
Mon, 10 Feb 2025AU$43.1bAU$8.7b-AU$1,596,616,000.0019.6x-27x5x
Wed, 08 Jan 2025AU$42.0bAU$8.6b-AU$1,906,271,000.0020.4x-22x4.9x
Fri, 06 Dec 2024AU$44.4bAU$8.6b-AU$1,906,271,000.0022.3x-23.3x5.2x
Sun, 03 Nov 2024AU$44.1bAU$8.6b-AU$1,906,271,000.0020.6x-23.2x5.1x
Tue, 01 Oct 2024AU$45.8bAU$8.6b-AU$1,906,271,000.0023.7x-24x5.3x
Thu, 29 Aug 2024AU$42.9bAU$8.6b-AU$1,923,302,000.0014x-22.3x5x
Sat, 27 Jul 2024AU$39.4bAU$7.5b-AU$1,335,063,000.0043.7x-29.5x5.3x
Mon, 24 Jun 2024AU$38.7bAU$7.5b-AU$1,335,063,000.0043.9x-29x5.2x
Wed, 22 May 2024AU$40.1bAU$7.5b-AU$1,335,063,000.0045x-30x5.4x
Fri, 19 Apr 2024AU$39.7bAU$7.5b-AU$1,335,063,000.0044.5x-29.7x5.3x
Sun, 17 Mar 2024AU$41.9bAU$7.5b-AU$1,335,063,000.0048x-31.4x5.6x
Tue, 13 Feb 2024AU$41.1bAU$7.9b-AU$810,633,000.0024.8x-50.7x5.2x
Thu, 11 Jan 2024AU$39.8bAU$7.6bAU$8.6m21.2x4641.3x5.2x
Sat, 09 Dec 2023AU$38.6bAU$7.6bAU$8.6m20.5x4504.5x5.1x
Mon, 06 Nov 2023AU$34.7bAU$7.6bAU$8.6m19.2x4045.6x4.5x
Wed, 04 Oct 2023AU$35.8bAU$7.6bAU$8.6m19.4x4178.9x4.7x
Fri, 01 Sep 2023AU$39.6bAU$7.6bAU$35.4m23.1x1119.2x5.2x
Sun, 30 Jul 2023AU$42.9bAU$8.6bAU$3.4b10.2x12.6x5x
Tue, 27 Jun 2023AU$40.5bAU$8.6bAU$3.4b9.5x11.9x4.7x
Thu, 25 May 2023AU$43.6bAU$8.6bAU$3.4b10.3x12.8x5.1x
Sat, 22 Apr 2023AU$43.1bAU$8.6bAU$3.4b10.1x12.6x5x
Price to Earnings Ratio

12.6x


Total Market Cap: AU$43.1bTotal Earnings: AU$3.4bTotal Revenue: AU$8.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian REITS Industry Price to Earnings3Y Average 644.6x202420252026
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 14.7x which is lower than its 3-year average PE of 645x.
  • The 3-year average PS ratio of 5.2x is higher than the industry's current PS ratio of 4.3x.
Past Earnings Growth
  • The earnings for companies in the REITs industry have declined 5.9% per year over the last three years.
  • Meanwhile revenues for these companies have grown 4.0% 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, which has decreased profits.

Industry Trends

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

AU Market3.84%
Real Estate3.46%
REITS2.69%
Industrial REITs5.72%
Retail REITs3.45%
Diversified REITs2.69%
Residential REITs2.13%
Specialized REITs1.10%
Office REITs0.84%
Hotel and Resort REITs0%0
Healthcare REITs-4.96%
Industry PE
  • Investors are most optimistic about the Industrial REITs industry which is trading above its 3-year average PE ratio.
    • Analysts are expecting annual earnings growth of 17.1%, which is lower than the prior year's growth of 83.6% per year.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare REITs industry, expecting annual earnings growth of 100% over the next 5 years.
  • In contrast, the Retail REITs industry is expected to see its earnings decline by 7.7% 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
CHC Charter Hall GroupAU$20.278.2%
+AU$728.2m		26.5%PB3.4x
SGP StocklandAU$4.256.8%
+AU$655.0m		-17.0%PB1x
GPT GPT GroupAU$4.603.6%
+AU$306.5m		4.1%PB0.8x
CLW Charter Hall Long WALE REITAU$3.443.6%
+AU$85.9m		-7.3%PB0.7x
MGR Mirvac GroupAU$1.751.2%
+AU$78.9m		-18.5%PB0.7x

Latest News

GPT
AU$4.60
GPT Group
7D
3.6%
1Y
4.1%

GPT: Reset Assumptions And 2026 Distribution Guidance Will Support Repricing

Analysts have trimmed their price target for GPT Group to A$5.51 from A$5.78, citing updated assumptions around discount rates, profit margins and future P/E that have also fed into recent research such as the Jefferies downgrade. Analyst Commentary Bullish Takeaways Bullish analysts see the updated discount rate assumptions as bringing the valuation framework closer to current market pricing, which they view as a cleaner starting point for assessing future returns on GPT Group.
CLW
AU$3.44
Charter Hall Long WALE REIT
7D
3.6%
1Y
-7.3%

CLW: Long WALE Income And 2026 Guidance Will Support Future Returns

Analysts have cut the Charter Hall Long WALE REIT price target from A$4.11 to A$4.03. This reflects a slightly higher discount rate and modestly lower profit margin assumptions, which more than offset only small adjustments to revenue growth and future P/E expectations.
SGP
AU$4.25
Stockland
7D
6.8%
1Y
-17.0%

Housing Undersupply And Data Center Expansion Will Support Steady Earnings Despite Execution Risks

Catalysts About Stockland Stockland is a diversified Australian property group involved in residential communities, land lease communities, logistics, town centers, workplace assets and emerging data center developments. What are the underlying business or industry changes driving this perspective?
CNI
AU$1.55
Centuria Capital Group
7D
1.3%
1Y
2.3%

CNI: Higher Discount Rate Will Highlight Resilient Infrastructure Earnings Guidance

Analysts have made a modest adjustment to Centuria Capital Group's price target to A$2.18, reflecting updated views on its discount rate, long term profit margin and future P/E assumptions, while keeping the assessed fair value unchanged. Analyst Commentary Recent sell side commentary around valuation and earnings power for listed asset managers highlights how price targets can move in both directions as discount rates, long term margins and assumed P/E multiples are refreshed.
CHC
AU$20.27
Charter Hall Group
7D
8.2%
1Y
26.5%

CHC: FY26 Earnings And Distribution Guidance Will Support Stronger Returns

Analysts have nudged their price target on Charter Hall Group slightly lower to A$31.76 from A$32.03, citing updated assumptions around revenue growth, profit margins and future P/E levels. What's in the News Charter Hall Group issued earnings guidance for fiscal year 2026, setting post tax operating earnings at 100.0 cents per security.
APW
AU$3.16
Aims Property Securities Fund
7D
-1.3%
1Y
26.4%
TOT
AU$0.39
360 Capital REIT
7D
-2.5%
1Y
5.5%
REP
AU$0.48
RAM Essential Services Property Fund
7D
-3.0%
1Y
-13.5%
MGR
AU$1.75
Mirvac Group
7D
1.2%
1Y
-18.5%
APZ
AU$4.80
Aspen Group
7D
5.0%
1Y
57.4%
GOZ
AU$2.14
Growthpoint Properties Australia
7D
2.9%
1Y
-5.3%