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Australian (ASX) REITS Industry Analysis

UpdatedApr 11, 2026
DataAggregated Company Financials
Companies11
  • 7D3.5%
  • 3M-18.0%
  • 1Y-2.4%
  • YTD-19.1%

The REITS industry is up 2.5% in the last week, with Charter Hall Group up 8.7%. In the past year, the industry is down 4.7%. 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
Sat, 11 Apr 2026AU$42.3bAU$9.7bAU$2.8b18x14.9x4.4x
Mon, 09 Mar 2026AU$45.8bAU$9.7bAU$2.8b20.6x16.1x4.7x
Wed, 04 Feb 2026AU$49.8bAU$9.0bAU$1.6b25x31.2x5.5x
Fri, 02 Jan 2026AU$52.1bAU$9.0bAU$1.6b26x32.7x5.8x
Sun, 30 Nov 2025AU$53.9bAU$9.0bAU$1.6b26.4x33.8x6x
Tue, 28 Oct 2025AU$56.0bAU$9.0bAU$1.6b27.3x35.1x6.2x
Thu, 25 Sep 2025AU$53.3bAU$9.0bAU$1.6b27.2x33.4x5.9x
Sat, 23 Aug 2025AU$55.0bAU$9.0bAU$1.6b27.8x34.2x6.1x
Mon, 21 Jul 2025AU$49.2bAU$8.9b-AU$822,984,000.0018.6x-59.8x5.5x
Wed, 18 Jun 2025AU$48.8bAU$8.9b-AU$822,984,000.0017.4x-59.2x5.5x
Fri, 16 May 2025AU$46.4bAU$8.9b-AU$822,984,000.0015.7x-56.3x5.2x
Sun, 13 Apr 2025AU$43.1bAU$8.9b-AU$822,984,000.0014.4x-52.4x4.9x
Tue, 11 Mar 2025AU$43.4bAU$8.9b-AU$822,984,000.0014.3x-52.8x4.9x
Thu, 06 Feb 2025AU$42.7bAU$8.6b-AU$1,906,271,000.0019.4x-22.4x5x
Sat, 04 Jan 2025AU$41.8bAU$8.6b-AU$1,906,271,000.0020.4x-21.9x4.9x
Mon, 02 Dec 2024AU$45.0bAU$8.6b-AU$1,906,271,000.0021.9x-23.6x5.2x
Wed, 30 Oct 2024AU$44.5bAU$8.6b-AU$1,906,271,000.0021.2x-23.3x5.2x
Fri, 27 Sep 2024AU$46.6bAU$8.6b-AU$1,906,271,000.0024x-24.4x5.4x
Sun, 25 Aug 2024AU$42.5bAU$8.6b-AU$1,923,302,000.0014.2x-22.1x5x
Tue, 23 Jul 2024AU$39.7bAU$7.5b-AU$1,335,063,000.0044.8x-29.8x5.3x
Thu, 20 Jun 2024AU$38.2bAU$7.5b-AU$1,335,063,000.0043.6x-28.6x5.1x
Sat, 18 May 2024AU$40.3bAU$7.5b-AU$1,335,063,000.0046x-30.2x5.4x
Mon, 15 Apr 2024AU$40.4bAU$7.5b-AU$1,335,063,000.0045.2x-30.3x5.4x
Wed, 13 Mar 2024AU$41.3bAU$7.5b-AU$1,335,063,000.0046.7x-31x5.5x
Fri, 09 Feb 2024AU$40.9bAU$7.6bAU$4.8m24.8x8543.3x5.4x
Sun, 07 Jan 2024AU$39.1bAU$7.6bAU$8.6m20.9x4560.7x5.1x
Tue, 05 Dec 2023AU$37.3bAU$7.6bAU$8.6m20.3x4359.7x4.9x
Thu, 02 Nov 2023AU$32.9bAU$7.6bAU$8.6m18.9x3840.8x4.3x
Sat, 30 Sep 2023AU$35.8bAU$7.6bAU$8.6m19.8x4182.7x4.7x
Mon, 28 Aug 2023AU$38.5bAU$7.6bAU$93.6m20.4x411.4x5.1x
Wed, 26 Jul 2023AU$42.1bAU$8.6bAU$3.4b9.9x12.3x4.9x
Fri, 23 Jun 2023AU$42.8bAU$8.6bAU$3.4b10x12.5x5x
Sun, 21 May 2023AU$44.1bAU$8.6bAU$3.4b10.5x12.9x5.1x
Tue, 18 Apr 2023AU$43.3bAU$8.6bAU$3.4b10.3x12.7x5x
Price to Earnings Ratio

12.7x


Total Market Cap: AU$43.3bTotal 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 Market4.32%
Real Estate4.45%
REITS3.55%
Industrial REITs7.01%
Retail REITs4.58%
Diversified REITs3.55%
Residential REITs2.84%
Office REITs1.45%
Specialized REITs1.22%
Hotel and Resort REITs0%0
Healthcare REITs-3.55%
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$20.178.7%
+AU$766.0m		27.0%PB3.3x
GPT GPT GroupAU$4.654.5%
+AU$383.1m		5.4%PB0.8x
MGR Mirvac GroupAU$1.731.5%
+AU$98.6m		-18.8%PB0.7x
APZ Aspen GroupAU$5.008.7%
+AU$91.1m		67.2%PB2x
CLW Charter Hall Long WALE REITAU$3.432.4%
+AU$57.3m		-7.0%PB0.7x

Latest News

CNI
AU$1.56
Centuria Capital Group
7D
2.3%
1Y
3.3%

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$20.17
Charter Hall Group
7D
8.7%
1Y
27.0%

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$3.20
Aims Property Securities Fund
7D
-0.3%
1Y
28.0%
CLW
AU$3.43
Charter Hall Long WALE REIT
7D
2.4%
1Y
-7.0%

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.
GPT
AU$4.65
GPT Group
7D
4.5%
1Y
5.4%
MGR
AU$1.73
Mirvac Group
7D
1.5%
1Y
-18.8%
APZ
AU$5.00
Aspen Group
7D
8.7%
1Y
67.2%
GOZ
AU$2.15
Growthpoint Properties Australia
7D
1.4%
1Y
-4.0%