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Australian (ASX) REITS Industry Analysis
UpdatedJan 20, 2025
DataAggregated Company Financials
Companies12
- 7D3.3%
- 3M-8.1%
- 1Y10.4%
- YTD3.1%
Over the last 7 days, the REITS industry has risen 3.3%, driven by gains from Stockland of 7.2%. This means that the industry has gained 10% over the past year. Earnings are forecast to grow by 31% 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 |
|---|---|---|---|---|---|---|
| Tue, 21 Jan 2025 | AU$42.6b | AU$8.6b | -AU$1,906,271,000.00 | 21.1x | -22.4x | 5x |
| Thu, 19 Dec 2024 | AU$42.3b | AU$8.6b | -AU$1,906,271,000.00 | 21x | -22.2x | 4.9x |
| Sat, 16 Nov 2024 | AU$44.0b | AU$8.6b | -AU$1,906,271,000.00 | 20.4x | -23.1x | 5.1x |
| Mon, 14 Oct 2024 | AU$46.1b | AU$8.6b | -AU$1,906,271,000.00 | 22.4x | -24.2x | 5.4x |
| Wed, 11 Sep 2024 | AU$45.6b | AU$8.6b | -AU$1,906,271,000.00 | 19.9x | -23.9x | 5.3x |
| Fri, 09 Aug 2024 | AU$38.8b | AU$8.3b | -AU$1,481,528,000.00 | 44x | -26.2x | 4.7x |
| Sun, 07 Jul 2024 | AU$36.8b | AU$7.5b | -AU$1,335,063,000.00 | 42.2x | -27.5x | 4.9x |
| Tue, 04 Jun 2024 | AU$39.5b | AU$7.5b | -AU$1,335,063,000.00 | 45.3x | -29.6x | 5.3x |
| Thu, 02 May 2024 | AU$38.6b | AU$7.5b | -AU$1,335,063,000.00 | 43.3x | -28.9x | 5.2x |
| Sat, 30 Mar 2024 | AU$43.2b | AU$7.5b | -AU$1,335,063,000.00 | 48x | -32.4x | 5.8x |
| Mon, 26 Feb 2024 | AU$40.0b | AU$7.5b | -AU$1,332,434,000.00 | 44.2x | -30x | 5.3x |
| Wed, 24 Jan 2024 | AU$38.9b | AU$7.6b | AU$8.6m | 20.8x | 4538.7x | 5.1x |
| Fri, 22 Dec 2023 | AU$40.0b | AU$7.6b | AU$8.6m | 21.1x | 4670x | 5.2x |
| Sun, 19 Nov 2023 | AU$37.0b | AU$7.6b | AU$8.6m | 20x | 4317.4x | 4.9x |
| Tue, 17 Oct 2023 | AU$35.1b | AU$7.6b | AU$8.6m | 19.5x | 4095.9x | 4.6x |
| Thu, 14 Sep 2023 | AU$37.6b | AU$7.6b | AU$8.6m | 19.9x | 4386.3x | 4.9x |
| Sat, 12 Aug 2023 | AU$39.2b | AU$8.0b | AU$2.5b | 13.8x | 15.8x | 4.9x |
| Mon, 10 Jul 2023 | AU$40.7b | AU$8.6b | AU$3.4b | 9.5x | 11.9x | 4.7x |
| Wed, 07 Jun 2023 | AU$43.3b | AU$8.6b | AU$3.4b | 10.3x | 12.7x | 5x |
| Fri, 05 May 2023 | AU$43.7b | AU$8.6b | AU$3.4b | 10.3x | 12.8x | 5.1x |
| Sun, 02 Apr 2023 | AU$41.0b | AU$8.6b | AU$3.4b | 9.8x | 12x | 4.8x |
| Tue, 28 Feb 2023 | AU$145.1b | AU$21.4b | AU$10.6b | 10.3x | 13.7x | 6.8x |
| Thu, 26 Jan 2023 | AU$148.0b | AU$23.6b | AU$18.6b | 6.9x | 7.9x | 6.3x |
| Sat, 24 Dec 2022 | AU$139.6b | AU$23.6b | AU$18.6b | 6.6x | 7.5x | 5.9x |
| Mon, 21 Nov 2022 | AU$140.1b | AU$23.6b | AU$18.6b | 6.8x | 7.5x | 5.9x |
| Wed, 19 Oct 2022 | AU$130.4b | AU$23.7b | AU$18.7b | 6.3x | 7x | 5.5x |
| Fri, 16 Sep 2022 | AU$138.7b | AU$23.7b | AU$18.6b | 6.8x | 7.5x | 5.9x |
| Sun, 14 Aug 2022 | AU$147.3b | AU$22.8b | AU$18.1b | 6.8x | 8.1x | 6.5x |
| Tue, 12 Jul 2022 | AU$141.8b | AU$22.5b | AU$18.7b | 6.5x | 7.6x | 6.3x |
| Thu, 09 Jun 2022 | AU$146.3b | AU$22.5b | AU$18.7b | 6.9x | 7.8x | 6.5x |
| Sat, 07 May 2022 | AU$154.3b | AU$22.5b | AU$18.7b | 7.6x | 8.2x | 6.8x |
| Mon, 04 Apr 2022 | AU$168.8b | AU$22.7b | AU$19.3b | 7.4x | 8.7x | 7.4x |
| Wed, 02 Mar 2022 | AU$165.0b | AU$22.8b | AU$19.5b | 6.9x | 8.5x | 7.2x |
| Fri, 28 Jan 2022 | AU$157.4b | AU$19.8b | AU$12.4b | 9.4x | 12.6x | 7.9x |
Price to Earnings Ratio
12.6x
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 5.6x is higher than the industry's current PS ratio of 5.0x.
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 | 0.10% | |
| Real Estate | 1.47% | |
| REITS | 3.32% | |
| Residential REITs | 13.83% | |
| Diversified REITs | 3.32% | |
| Office REITs | 1.14% | |
| Industrial REITs | 1.10% | |
| Retail REITs | 0.83% | |
| Hotel and Resort REITs | 0% | 0 |
| Healthcare REITs | -0.53% | |
| Specialized REITs | -0.61% | |
Industry PE
- Investors are most optimistic about the Healthcare REITs industry which is trading above its 3-year average PE ratio of 32.2x.
- 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 54% 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 4.6% 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 | |
|---|---|---|---|---|---|
| SGP Stockland | AU$5.08 | 7.2% +AU$809.8m | 16.8% | PB1.2x | |
| MGR Mirvac Group | AU$1.95 | 6.6% +AU$473.5m | -7.6% | PB0.8x | |
| GPT GPT Group | AU$4.59 | 5.0% +AU$421.4m | 4.3% | PB0.9x | |
| CHC Charter Hall Group | AU$15.04 | 5.5% +AU$373.7m | 33.1% | PB2.5x | |
| CLW Charter Hall Long WALE REIT | AU$3.93 | 4.2% +AU$113.6m | 11.0% | PB0.8x |