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Australian (ASX) REITS Industry Analysis
UpdatedNov 20, 2024
DataAggregated Company Financials
Companies12
- 7D0.1%
- 3M7.9%
- 1Y20.8%
- YTD11.1%
Last week, the REITS industry hasn't moved much but Centuria Capital Group is up 5.0% in that time. The past year has been better, since the industry has gained 21% in that time. 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 |
|---|---|---|---|---|---|---|
| Wed, 20 Nov 2024 | AU$44.4b | AU$8.6b | -AU$1,906,271,000.00 | 21.4x | -23.3x | 5.2x |
| Fri, 18 Oct 2024 | AU$46.3b | AU$8.6b | -AU$1,906,271,000.00 | 22.7x | -24.3x | 5.4x |
| Sun, 15 Sep 2024 | AU$46.2b | AU$8.6b | -AU$1,906,271,000.00 | 21.1x | -24.2x | 5.4x |
| Tue, 13 Aug 2024 | AU$39.5b | AU$8.2b | -AU$1,481,528,000.00 | 44.4x | -26.6x | 4.8x |
| Thu, 11 Jul 2024 | AU$36.9b | AU$7.5b | -AU$1,335,063,000.00 | 42x | -27.7x | 5x |
| Sat, 08 Jun 2024 | AU$39.8b | AU$7.5b | -AU$1,335,063,000.00 | 45.4x | -29.8x | 5.3x |
| Mon, 06 May 2024 | AU$38.8b | AU$7.5b | -AU$1,335,063,000.00 | 43.6x | -29.1x | 5.2x |
| Wed, 03 Apr 2024 | AU$43.1b | AU$7.5b | -AU$1,335,063,000.00 | 48.3x | -32.3x | 5.8x |
| Fri, 01 Mar 2024 | AU$40.2b | AU$7.5b | -AU$1,330,346,000.00 | 44.4x | -30.2x | 5.4x |
| Sun, 28 Jan 2024 | AU$39.0b | AU$7.6b | AU$8.6m | 20.9x | 4557.1x | 5.1x |
| Tue, 26 Dec 2023 | AU$40.3b | AU$7.6b | AU$8.6m | 21.2x | 4702.9x | 5.3x |
| Thu, 23 Nov 2023 | AU$36.0b | AU$7.6b | AU$8.6m | 20x | 4201.4x | 4.7x |
| Sat, 21 Oct 2023 | AU$34.3b | AU$7.6b | AU$8.6m | 19.2x | 4000.4x | 4.5x |
| Mon, 18 Sep 2023 | AU$38.1b | AU$7.6b | AU$8.6m | 20.1x | 4443.1x | 5x |
| Wed, 16 Aug 2023 | AU$38.5b | AU$8.0b | AU$2.5b | 13.5x | 15.6x | 4.8x |
| Fri, 14 Jul 2023 | AU$42.5b | AU$8.6b | AU$3.4b | 10x | 12.5x | 4.9x |
| Sun, 11 Jun 2023 | AU$41.3b | AU$8.6b | AU$3.4b | 9.8x | 12.1x | 4.8x |
| Tue, 09 May 2023 | AU$44.9b | AU$8.6b | AU$3.4b | 10.6x | 13.1x | 5.2x |
| Thu, 06 Apr 2023 | AU$42.1b | AU$8.6b | AU$3.4b | 9.9x | 12.3x | 4.9x |
| Sat, 04 Mar 2023 | AU$143.2b | AU$21.4b | AU$10.1b | 12.9x | 14.2x | 6.7x |
| Mon, 30 Jan 2023 | AU$148.7b | AU$23.6b | AU$18.6b | 7x | 8x | 6.3x |
| Wed, 28 Dec 2022 | AU$139.6b | AU$23.6b | AU$18.6b | 6.6x | 7.5x | 5.9x |
| Fri, 25 Nov 2022 | AU$141.9b | AU$23.6b | AU$18.6b | 6.8x | 7.6x | 6x |
| Sun, 23 Oct 2022 | AU$127.0b | AU$23.7b | AU$18.7b | 6.1x | 6.8x | 5.4x |
| Tue, 20 Sep 2022 | AU$138.1b | AU$23.7b | AU$18.7b | 6.6x | 7.4x | 5.8x |
| Thu, 18 Aug 2022 | AU$150.2b | AU$17.9b | AU$17.8b | 7.2x | 8.5x | 8.4x |
| Sat, 16 Jul 2022 | AU$142.3b | AU$22.5b | AU$18.7b | 6.6x | 7.6x | 6.3x |
| Mon, 13 Jun 2022 | AU$139.9b | AU$22.5b | AU$18.7b | 6.6x | 7.5x | 6.2x |
| Wed, 11 May 2022 | AU$147.3b | AU$22.5b | AU$18.7b | 7.2x | 7.9x | 6.5x |
| Fri, 08 Apr 2022 | AU$168.7b | AU$22.7b | AU$19.3b | 7.5x | 8.7x | 7.4x |
| Sun, 06 Mar 2022 | AU$163.2b | AU$22.8b | AU$19.5b | 6.9x | 8.4x | 7.2x |
| Tue, 01 Feb 2022 | AU$163.4b | AU$19.8b | AU$12.4b | 9.5x | 13.1x | 8.2x |
| Thu, 30 Dec 2021 | AU$183.0b | AU$19.8b | AU$12.4b | 10.2x | 14.7x | 9.2x |
| Sat, 27 Nov 2021 | AU$173.5b | AU$19.8b | AU$12.4b | 9.7x | 13.9x | 8.7x |
Price to Earnings Ratio
13.9x
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 5.9x is higher than the industry's current PS ratio of 5.2x.
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 | 1.37% | |
| Real Estate | 1.31% | |
| REITS | 0.15% | |
| Industrial REITs | 2.67% | |
| Specialized REITs | 1.56% | |
| Retail REITs | 1.25% | |
| Residential REITs | 1.24% | |
| Healthcare REITs | 0.89% | |
| Hotel and Resort REITs | 0.55% | |
| Diversified REITs | 0.15% | |
| Office REITs | -1.17% | |
Industry PE
- Investors are most optimistic about the Healthcare REITs industry which is trading above its 3-year average PE ratio of 27.5x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
- Analysts are most optimistic on the Office REITs industry, expecting annual earnings growth of 51% 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 4.8% 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 | |
|---|---|---|---|---|---|
| CNI Centuria Capital Group | AU$1.88 | 5.0% +AU$74.7m | 32.4% | PB2x | |
| APZ Aspen Group | AU$2.48 | 6.9% +AU$32.0m | 45.0% | PB1.1x | |
| CLW Charter Hall Long WALE REIT | AU$3.90 | 0.5% +AU$13.8m | 17.5% | PB0.8x | |
| GOZ Growthpoint Properties Australia | AU$2.54 | 0.4% +AU$7.5m | 13.9% | PB0.7x | |
| APW Aims Property Securities Fund | AU$1.67 | 2.1% +AU$1.6m | 33.1% | PB0.5x |