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Australian (ASX) REITS Industry Analysis

UpdatedMar 02, 2026
DataAggregated Company Financials
Companies11
  • 7D0.7%
  • 3M-9.2%
  • 1Y9.1%
  • YTD-7.1%

Over the last 7 days, the REITS industry has remained flat. The past year has been better, since the industry has gained 9.1% in that time. As for the next few years, earnings are expected to grow by 8.0% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 04 Mar 2026AU$48.5bAU$9.7bAU$2.9b22x16.8x5x
Fri, 30 Jan 2026AU$49.3bAU$9.0bAU$1.6b25x30.9x5.5x
Sun, 28 Dec 2025AU$53.1bAU$9.0bAU$1.6b26.9x33.3x5.9x
Tue, 25 Nov 2025AU$55.4bAU$9.0bAU$1.6b27x34.7x6.2x
Thu, 23 Oct 2025AU$55.5bAU$9.0bAU$1.6b26.9x34.8x6.2x
Sat, 20 Sep 2025AU$54.3bAU$9.0bAU$1.6b27.4x34.1x6x
Mon, 18 Aug 2025AU$51.3bAU$8.6bAU$321.6m25.4x159.5x6x
Wed, 16 Jul 2025AU$48.1bAU$8.9b-AU$822,984,000.0018.3x-58.4x5.4x
Fri, 13 Jun 2025AU$49.5bAU$8.9b-AU$822,984,000.0018x-60.2x5.6x
Sun, 11 May 2025AU$47.8bAU$8.9b-AU$822,984,000.0016x-58.1x5.4x
Tue, 08 Apr 2025AU$41.9bAU$8.9b-AU$822,984,000.0014.4x-50.9x4.7x
Thu, 06 Mar 2025AU$44.3bAU$8.9b-AU$823,284,000.0014.2x-53.8x5x
Sat, 01 Feb 2025AU$43.6bAU$8.6b-AU$1,906,271,000.0020.4x-22.9x5.1x
Mon, 30 Dec 2024AU$43.0bAU$8.6b-AU$1,906,271,000.0021.1x-22.5x5x
Wed, 27 Nov 2024AU$45.1bAU$8.6b-AU$1,906,271,000.0022.2x-23.7x5.3x
Fri, 25 Oct 2024AU$45.4bAU$8.6b-AU$1,906,271,000.0022.3x-23.8x5.3x
Sun, 22 Sep 2024AU$46.8bAU$8.6b-AU$1,906,271,000.0023.6x-24.6x5.5x
Tue, 20 Aug 2024AU$40.8bAU$8.2b-AU$1,732,196,000.0046.1x-23.5x5x
Thu, 18 Jul 2024AU$41.2bAU$7.5b-AU$1,335,063,000.0046.1x-30.9x5.5x
Sat, 15 Jun 2024AU$38.2bAU$7.5b-AU$1,335,063,000.0043.9x-28.6x5.1x
Mon, 13 May 2024AU$39.8bAU$7.5b-AU$1,335,063,000.0045.2x-29.8x5.3x
Wed, 10 Apr 2024AU$41.5bAU$7.5b-AU$1,335,063,000.0046.3x-31.1x5.6x
Fri, 08 Mar 2024AU$40.7bAU$7.5b-AU$1,335,063,000.0045.5x-30.5x5.5x
Sun, 04 Feb 2024AU$40.9bAU$7.6bAU$8.6m21.4x4776.9x5.4x
Tue, 02 Jan 2024AU$40.4bAU$7.6bAU$8.6m21.2x4712.5x5.3x
Thu, 30 Nov 2023AU$36.5bAU$7.6bAU$8.6m20.2x4265.1x4.8x
Sat, 28 Oct 2023AU$32.7bAU$7.6bAU$8.6m18.8x3816.6x4.3x
Mon, 25 Sep 2023AU$36.2bAU$7.6bAU$8.6m19.7x4231.8x4.8x
Wed, 23 Aug 2023AU$38.5bAU$7.6bAU$585.8m14.7x65.7x5.1x
Fri, 21 Jul 2023AU$42.3bAU$8.6bAU$3.4b9.9x12.4x4.9x
Sun, 18 Jun 2023AU$41.6bAU$8.6bAU$3.4b9.8x12.2x4.8x
Tue, 16 May 2023AU$44.8bAU$8.6bAU$3.4b10.6x13.1x5.2x
Thu, 13 Apr 2023AU$42.3bAU$8.6bAU$3.4b10x12.4x4.9x
Sat, 11 Mar 2023AU$142.9bAU$21.4bAU$10.1b11.4x14.2x6.7x
Price to Earnings Ratio

14.2x


Total Market Cap: AU$142.9bTotal Earnings: AU$10.1bTotal Revenue: AU$21.4bTotal 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 16.8x which is lower than its 3-year average PE of 644x.
  • The industry is trading close to its 3-year average PS ratio of 5.3x.
Past Earnings Growth
  • The earnings for companies in the REITs industry have declined 34% per year over the last three years,
  • Revenues have also declined 23% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

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

AU Market1.41%
Real Estate-1.39%
REITS0.68%
Healthcare REITs3.60%
Specialized REITs1.05%
Diversified REITs0.68%
Hotel and Resort REITs0%0
Office REITs-0.077%
Residential REITs-0.087%
Retail REITs-0.65%
Industrial REITs-4.29%
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 17.5%, 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 97% over the next 5 years.
  • In contrast, the Retail REITs industry is expected to see its earnings decline by 7.4% 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$21.482.8%
+AU$279.0m		25.6%PB3.6x
APZ Aspen GroupAU$6.061.2%
+AU$15.9m		131.3%PB2.4x
APW Aims Property Securities FundAU$3.405.9%
+AU$8.5m		47.8%PB0.7x
REP RAM Essential Services Property FundAU$0.551.9%
+AU$5.0m		-9.2%PB1.4x

Latest News

SGP
AU$4.89
Stockland
7D
-2.6%
1Y
-4.5%

SGP: Confirmed Distribution Will Underpin Appeal Despite Slightly Softer Forecasts

Analysts have trimmed their fair value estimate for Stockland from A$6.12 to A$5.94, citing updates to discount rate assumptions, slightly softer revenue growth expectations, modestly lower profit margin forecasts, and a small adjustment to the future P/E multiple. What's in the News Stockland announced an estimated distribution of A$0.09 per security for the six months ending 31 December 2025.
REP
AU$0.55
RAM Essential Services Property Fund
7D
1.9%
1Y
-9.2%
CLW
AU$3.69
Charter Hall Long WALE REIT
7D
-0.5%
1Y
-4.4%

CLW: Higher Required Return Will Temper Earnings While Guidance Remains Intact

Analysts have trimmed their price target on Charter Hall Long WALE REIT from A$4.20 to about A$4.16, citing updated assumptions for discount rates, revenue growth, profit margins and future P/E, similar to recent Street research where targets were adjusted after weighing solid reported results against tougher operating conditions. Analyst Commentary Recent tweaks to the A$4.16 price target show analysts recalibrating their models for Charter Hall Long WALE REIT after weighing solid reported results against tougher operating conditions, rather than shifting their overall stance dramatically.
CNI
AU$1.84
Centuria Capital Group
7D
-4.9%
1Y
15.0%
CHC
AU$21.48
Charter Hall Group
7D
2.8%
1Y
25.6%
GPT
AU$4.86
GPT Group
7D
-2.0%
1Y
4.5%

GPT: Higher Quality Earnings And Modest Repricing Will Drive Future Upside

Analysts have trimmed their fair value estimate for GPT Group from A$5.93 to A$5.77. This reflects updated assumptions for a slightly higher discount rate, adjusted revenue growth expectations, a marginally stronger profit margin and a modestly lower future P/E multiple.
APZ
AU$6.06
Aspen Group
7D
1.2%
1Y
131.3%
MGR
AU$1.98
Mirvac Group
7D
-2.5%
1Y
-6.6%
APW
AU$3.40
Aims Property Securities Fund
7D
5.9%
1Y
47.8%