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Australian (ASX) REITS Industry Analysis

UpdatedApr 09, 2026
DataAggregated Company Financials
Companies11
  • 7D0.8%
  • 3M-19.5%
  • 1Y-1.6%
  • YTD-20.3%

The REITS is pretty flat in the last 7 days, but Charter Hall Group has stood out, gaining 7.6%. In line with that, the industry has also been flat over the past 12 months. As for the next few years, earnings are expected to grow by 7.4% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 09 Apr 2026AU$41.7bAU$9.7bAU$2.8b18x14.6x4.3x
Sat, 07 Mar 2026AU$45.8bAU$9.7bAU$2.8b20.6x16.1x4.7x
Mon, 02 Feb 2026AU$49.8bAU$9.0bAU$1.6b25.2x31.2x5.5x
Wed, 31 Dec 2025AU$52.5bAU$9.0bAU$1.6b26.3x32.9x5.8x
Fri, 28 Nov 2025AU$54.4bAU$9.0bAU$1.6b26.6x34.1x6.1x
Sun, 26 Oct 2025AU$56.1bAU$9.0bAU$1.6b27.5x35.2x6.2x
Tue, 23 Sep 2025AU$53.7bAU$9.0bAU$1.6b27.3x33.7x6x
Thu, 21 Aug 2025AU$53.8bAU$8.8bAU$1.2b27.4x43.7x6.1x
Sat, 19 Jul 2025AU$49.2bAU$8.9b-AU$822,984,000.0018.6x-59.8x5.5x
Mon, 16 Jun 2025AU$49.2bAU$8.9b-AU$822,984,000.0017.5x-59.7x5.5x
Wed, 14 May 2025AU$47.3bAU$8.9b-AU$822,984,000.0016.1x-57.5x5.3x
Fri, 11 Apr 2025AU$43.7bAU$8.9b-AU$822,984,000.0014.7x-53.1x4.9x
Sun, 09 Mar 2025AU$43.3bAU$8.9b-AU$822,984,000.0014.4x-52.6x4.9x
Tue, 04 Feb 2025AU$42.6bAU$8.6b-AU$1,906,271,000.0019.4x-22.3x5x
Thu, 02 Jan 2025AU$41.0bAU$8.6b-AU$1,906,271,000.0020.1x-21.5x4.8x
Sat, 30 Nov 2024AU$45.0bAU$8.6b-AU$1,906,271,000.0021.9x-23.6x5.2x
Mon, 28 Oct 2024AU$45.0bAU$8.6b-AU$1,906,271,000.0021.9x-23.6x5.2x
Wed, 25 Sep 2024AU$46.5bAU$8.6b-AU$1,906,271,000.0023.7x-24.4x5.4x
Fri, 23 Aug 2024AU$42.2bAU$8.6b-AU$1,929,708,000.0014x-21.9x4.9x
Sun, 21 Jul 2024AU$39.7bAU$7.5b-AU$1,335,063,000.0044.6x-29.8x5.3x
Tue, 18 Jun 2024AU$37.9bAU$7.5b-AU$1,335,063,000.0044x-28.4x5.1x
Thu, 16 May 2024AU$39.9bAU$7.5b-AU$1,335,063,000.0046x-29.9x5.4x
Sat, 13 Apr 2024AU$40.4bAU$7.5b-AU$1,335,063,000.0045.2x-30.3x5.4x
Mon, 11 Mar 2024AU$41.4bAU$7.5b-AU$1,335,063,000.0046.6x-31x5.6x
Wed, 07 Feb 2024AU$39.6bAU$7.6bAU$4.8m24.1x8269.2x5.2x
Fri, 05 Jan 2024AU$39.0bAU$7.6bAU$8.6m20.9x4557.7x5.1x
Sun, 03 Dec 2023AU$36.8bAU$7.6bAU$8.6m20.2x4297.2x4.8x
Tue, 31 Oct 2023AU$32.1bAU$7.6bAU$8.6m18.6x3750.3x4.2x
Thu, 28 Sep 2023AU$36.3bAU$7.6bAU$8.6m19.9x4242x4.8x
Sat, 26 Aug 2023AU$38.5bAU$7.6bAU$93.6m20.4x411.4x5.1x
Mon, 24 Jul 2023AU$42.2bAU$8.6bAU$3.4b9.9x12.4x4.9x
Wed, 21 Jun 2023AU$42.8bAU$8.6bAU$3.4b10.1x12.5x5x
Fri, 19 May 2023AU$43.8bAU$8.6bAU$3.4b10.4x12.8x5.1x
Sun, 16 Apr 2023AU$42.5bAU$8.6bAU$3.4b10x12.5x4.9x
Price to Earnings Ratio

12.5x


Total Market Cap: AU$42.5bTotal Earnings: AU$3.4bTotal Revenue: AU$8.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian REITS Industry Price to Earnings3Y Average 644.5x202420252026
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 14.6x 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 Market3.12%
Real Estate3.08%
REITS0.81%
Industrial REITs7.22%
Retail REITs2.25%
Residential REITs1.16%
Diversified REITs0.81%
Specialized REITs0.23%
Hotel and Resort REITs0%0
Office REITs-0.12%
Healthcare REITs-0.72%
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 17.2%, 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 7.5% 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$19.967.6%
+AU$666.7m		24.8%PB3.3x
GPT GPT GroupAU$4.603.4%
+AU$287.3m		1.8%PB0.8x
APZ Aspen GroupAU$4.978.0%
+AU$84.2m		63.0%PB2x
MGR Mirvac GroupAU$1.720.6%
+AU$39.5m		-20.6%PB0.7x
CLW Charter Hall Long WALE REITAU$3.401.5%
+AU$35.8m		-7.9%PB0.7x

Latest News

CNI
AU$1.55
Centuria Capital Group
7D
1.3%
1Y
0.3%

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$19.96
Charter Hall Group
7D
7.6%
1Y
24.8%

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.
SGP
AU$4.07
Stockland
7D
-1.2%
1Y
-20.2%

SGP: Confirmed 2025 Distribution Will Anchor Upside Under Slightly Firmer Risk Settings

Analysts have nudged Stockland's fair value estimate slightly lower, trimming the target from about A$5.83 to A$5.74. Small adjustments to the discount rate and future P/E assumptions temper the upside they see in the shares.
APW
AU$3.20
Aims Property Securities Fund
7D
-0.3%
1Y
28.0%
CLW
AU$3.40
Charter Hall Long WALE REIT
7D
1.5%
1Y
-7.9%

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

Analysts have trimmed their price target for Charter Hall Long WALE REIT by A$0.05 to A$4.11, reflecting slightly updated assumptions around discount rate, long term revenue growth, profit margin and future P/E multiples. Analyst Commentary Analysts are framing the A$0.05 trim to the A$4.11 price target for Charter Hall Long WALE REIT as a fine tuning of assumptions rather than a shift in core thesis, with views splitting into what looks attractive at this level and what still gives them pause.
TOT
AU$0.40
360 Capital REIT
7D
2.6%
1Y
9.6%
REP
AU$0.48
RAM Essential Services Property Fund
7D
-2.0%
1Y
-13.4%
GPT
AU$4.60
GPT Group
7D
3.4%
1Y
1.8%
MGR
AU$1.72
Mirvac Group
7D
0.6%
1Y
-20.6%
APZ
AU$4.97
Aspen Group
7D
8.0%
1Y
63.0%
GOZ
AU$2.13
Growthpoint Properties Australia
7D
0.5%
1Y
-4.1%