Australian (ASX) REITS Industry Analysis
UpdatedMay 09, 2024
DataAggregated Company Financials
Companies12
- 7D3.6%
- 3M-2.4%
- 1Y-4.0%
- YTD0.08%
Over the last 7 days, the REITS industry has risen 3.6%, driven by gains in Stockland and GPT Group of 2.9% and 3.4%, respectively. In contrast, the industry has lost 4.0% in the last 12 months. 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 |
|---|---|---|---|---|---|---|
| Fri, 10 May 2024 | AU$40.0b | AU$7.5b | -AU$1,335,063,000.00 | 45.8x | -30x | 5.4x |
| Sun, 07 Apr 2024 | AU$41.9b | AU$7.5b | -AU$1,335,063,000.00 | 46.7x | -31.4x | 5.6x |
| Tue, 05 Mar 2024 | AU$40.6b | AU$7.5b | -AU$1,335,063,000.00 | 45.4x | -30.4x | 5.4x |
| Thu, 01 Feb 2024 | AU$41.0b | AU$7.6b | AU$8.6m | 21.5x | 4790.5x | 5.4x |
| Sat, 30 Dec 2023 | AU$40.4b | AU$7.6b | AU$8.6m | 21.2x | 4712.5x | 5.3x |
| Mon, 27 Nov 2023 | AU$36.2b | AU$7.6b | AU$8.6m | 20x | 4229.5x | 4.8x |
| Wed, 25 Oct 2023 | AU$34.1b | AU$7.6b | AU$8.6m | 19.1x | 3980.5x | 4.5x |
| Fri, 22 Sep 2023 | AU$36.8b | AU$7.6b | AU$8.6m | 19.9x | 4297.9x | 4.8x |
| Sun, 20 Aug 2023 | AU$38.6b | AU$8.1b | AU$996.0m | 9.8x | 38.7x | 4.8x |
| Tue, 18 Jul 2023 | AU$42.8b | AU$8.6b | AU$3.4b | 10.1x | 12.5x | 5x |
| Thu, 15 Jun 2023 | AU$40.9b | AU$8.6b | AU$3.4b | 9.7x | 12x | 4.8x |
| Sat, 13 May 2023 | AU$44.4b | AU$8.6b | AU$3.4b | 10.4x | 13x | 5.2x |
| Mon, 10 Apr 2023 | AU$41.5b | AU$8.6b | AU$3.4b | 9.9x | 12.2x | 4.8x |
| Wed, 08 Mar 2023 | AU$145.6b | AU$21.4b | AU$10.1b | 11.7x | 14.5x | 6.8x |
| Fri, 03 Feb 2023 | AU$151.7b | AU$23.7b | AU$18.3b | 6.9x | 8.3x | 6.4x |
| Sun, 01 Jan 2023 | AU$137.2b | AU$23.6b | AU$18.6b | 6.5x | 7.4x | 5.8x |
| Tue, 29 Nov 2022 | AU$144.3b | AU$23.6b | AU$18.6b | 6.9x | 7.7x | 6.1x |
| Thu, 27 Oct 2022 | AU$133.9b | AU$23.7b | AU$18.7b | 6.6x | 7.2x | 5.6x |
| Sat, 24 Sep 2022 | AU$129.5b | AU$23.7b | AU$18.7b | 6.3x | 6.9x | 5.5x |
| Mon, 22 Aug 2022 | AU$147.3b | AU$23.2b | AU$18.2b | 7.2x | 8.1x | 6.3x |
| Wed, 20 Jul 2022 | AU$142.3b | AU$22.5b | AU$18.7b | 6.6x | 7.6x | 6.3x |
| Fri, 17 Jun 2022 | AU$133.3b | AU$22.5b | AU$18.7b | 6.1x | 7.1x | 5.9x |
| Sun, 15 May 2022 | AU$150.0b | AU$22.5b | AU$18.7b | 7.2x | 8x | 6.7x |
| Tue, 12 Apr 2022 | AU$168.2b | AU$22.7b | AU$19.3b | 7.4x | 8.7x | 7.4x |
| Thu, 10 Mar 2022 | AU$162.1b | AU$22.8b | AU$19.5b | 7x | 8.3x | 7.1x |
| Sat, 05 Feb 2022 | AU$165.6b | AU$19.9b | AU$12.7b | 9.7x | 13x | 8.3x |
| Mon, 03 Jan 2022 | AU$180.3b | AU$19.8b | AU$12.4b | 10.2x | 14.5x | 9.1x |
| Wed, 01 Dec 2021 | AU$171.3b | AU$19.8b | AU$12.4b | 38.7x | 13.8x | 8.6x |
| Fri, 29 Oct 2021 | AU$169.4b | AU$19.8b | AU$12.4b | 9.8x | 13.6x | 8.5x |
| Sun, 26 Sep 2021 | AU$166.5b | AU$19.8b | AU$12.1b | 9.8x | 13.7x | 8.4x |
| Tue, 24 Aug 2021 | AU$162.9b | AU$19.8b | AU$12.1b | 8.7x | 13.4x | 8.2x |
| Wed, 30 Jun 2021 | AU$155.2b | AU$19.9b | AU$12.1b | 8.8x | 12.8x | 7.8x |
Price to Earnings Ratio
28.9x
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 6.3x is higher than the industry's current PS ratio of 5.4x.
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 27% per year, which is driving profits down.
Industry Trends
Which industries have driven the changes within the Australian Real Estate industry?
| AU Market | 3.09% | |
| Real Estate | 5.42% | |
| REITS | 3.63% | |
| Industrial REITs | 8.51% | |
| Residential REITs | 5.89% | |
| Hotel and Resort REITs | 4.35% | |
| Retail REITs | 3.81% | |
| Diversified REITs | 3.63% | |
| Specialized REITs | 2.27% | |
| Office REITs | 1.76% | |
| Healthcare REITs | 0% | |
Industry PE
- Investors are most optimistic about the Industrial REITs industry which is trading above its 3-year average PE ratio of 36.7x.
- Analysts are expecting annual earnings growth of 25.6%, which is higher than its past year's earnings decline of 92.5% per year.
Forecasted Growth
- Analysts are most optimistic on the Office REITs industry, expecting annual earnings growth of 64% over the next 5 years.
- In contrast, the Specialized REITs industry is expected to see its earnings grow by 8.4% 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$4.54 | 2.9% +AU$310.0m | 1.3% | PB1.1x | |
| GPT GPT Group | AU$4.24 | 3.4% +AU$268.2m | -3.6% | PB0.8x | |
| CHC Charter Hall Group | AU$12.14 | 3.9% +AU$217.6m | 10.8% | PB1.9x | |
| MGR Mirvac Group | AU$2.08 | 1.5% +AU$118.4m | -11.5% | PB0.8x | |
| GOZ Growthpoint Properties Australia | AU$2.37 | 3.5% +AU$60.3m | -27.3% | PB0.6x |