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Australian (ASX) REITS Industry Analysis

UpdatedFeb 28, 2026
DataAggregated Company Financials
Companies11
  • 7D0.7%
  • 3M-10.1%
  • 1Y9.1%
  • YTD-7.1%

The REITS industry has stayed flat over the last week. The past year has been better, since the industry has gained 9.1% in that time. Looking forward, earnings are forecast to grow by 8.6% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 28 Feb 2026AU$48.5bAU$9.7bAU$2.9b22x16.8x5x
Mon, 26 Jan 2026AU$50.4bAU$9.0bAU$1.6b25.3x31.6x5.6x
Wed, 24 Dec 2025AU$53.8bAU$9.0bAU$1.6b27x33.7x6x
Fri, 21 Nov 2025AU$54.5bAU$9.0bAU$1.6b26.9x34.2x6.1x
Sun, 19 Oct 2025AU$54.9bAU$9.0bAU$1.6b26.7x34.4x6.1x
Tue, 16 Sep 2025AU$55.1bAU$9.0bAU$1.6b27.9x34.6x6.1x
Thu, 14 Aug 2025AU$51.0bAU$8.9b-AU$501,298,000.0023.8x-101.8x5.7x
Sat, 12 Jul 2025AU$48.5bAU$8.9b-AU$822,984,000.0018.4x-58.9x5.5x
Mon, 09 Jun 2025AU$48.4bAU$8.9b-AU$822,984,000.0017.7x-58.8x5.5x
Wed, 07 May 2025AU$47.1bAU$8.9b-AU$822,984,000.0015.3x-57.3x5.3x
Fri, 04 Apr 2025AU$43.6bAU$8.9b-AU$822,984,000.0015x-53x4.9x
Sun, 02 Mar 2025AU$44.2bAU$8.9b-AU$823,284,000.0014.6x-53.7x5x
Tue, 28 Jan 2025AU$42.6bAU$8.6b-AU$1,906,271,000.0020.7x-22.3x5x
Thu, 26 Dec 2024AU$43.0bAU$8.6b-AU$1,906,271,000.0021x-22.6x5x
Sat, 23 Nov 2024AU$44.3bAU$8.6b-AU$1,906,271,000.0021.7x-23.2x5.2x
Mon, 21 Oct 2024AU$46.2bAU$8.6b-AU$1,906,271,000.0022.2x-24.2x5.4x
Wed, 18 Sep 2024AU$46.5bAU$8.6b-AU$1,906,271,000.0022.6x-24.4x5.4x
Fri, 16 Aug 2024AU$40.1bAU$8.2b-AU$1,481,528,000.0045x-27.1x4.9x
Sun, 14 Jul 2024AU$39.4bAU$7.5b-AU$1,335,063,000.0044.6x-29.5x5.3x
Tue, 11 Jun 2024AU$39.8bAU$7.5b-AU$1,335,063,000.0045.4x-29.8x5.3x
Thu, 09 May 2024AU$40.0bAU$7.5b-AU$1,335,063,000.0045.8x-30x5.4x
Sat, 06 Apr 2024AU$41.9bAU$7.5b-AU$1,335,063,000.0046.7x-31.4x5.6x
Mon, 04 Mar 2024AU$40.2bAU$7.5b-AU$1,335,063,000.0045.1x-30.1x5.4x
Wed, 31 Jan 2024AU$40.2bAU$7.6bAU$8.6m21.3x4696.5x5.3x
Fri, 29 Dec 2023AU$40.7bAU$7.6bAU$8.6m21.4x4749.8x5.3x
Sun, 26 Nov 2023AU$36.2bAU$7.6bAU$8.6m20x4229.5x4.8x
Tue, 24 Oct 2023AU$34.2bAU$7.6bAU$8.6m19.1x3992.2x4.5x
Thu, 21 Sep 2023AU$37.1bAU$7.6bAU$8.6m19.9x4334.5x4.9x
Sat, 19 Aug 2023AU$38.6bAU$8.1bAU$996.0m9.8x38.7x4.7x
Mon, 17 Jul 2023AU$43.0bAU$8.6bAU$3.4b10.2x12.6x5x
Wed, 14 Jun 2023AU$41.3bAU$8.6bAU$3.4b9.8x12.1x4.8x
Fri, 12 May 2023AU$44.1bAU$8.6bAU$3.4b10.3x12.9x5.1x
Sun, 09 Apr 2023AU$41.5bAU$8.6bAU$3.4b9.9x12.2x4.8x
Tue, 07 Mar 2023AU$145.6bAU$21.4bAU$10.1b11.5x14.5x6.8x
Price to Earnings Ratio

14.5x


Total Market Cap: AU$145.6bTotal 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 Market1.40%
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-0.66%
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 7.2% 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
MGR Mirvac GroupAU$2.052.5%
+AU$197.3m		-1.0%PB0.9x
SGP StocklandAU$5.111.0%
+AU$120.8m		0.4%PB1.2x
APZ Aspen GroupAU$6.248.1%
+AU$107.0m		131.1%PB2.5x
GPT GPT GroupAU$5.061.0%
+AU$95.8m		9.8%PB0.9x
APW Aims Property Securities FundAU$3.406.3%
+AU$8.9m		74.4%PB0.7x

Latest News

GOZ
AU$2.24
Growthpoint Properties Australia
7D
-0.4%
1Y
-6.3%
CNI
AU$1.89
Centuria Capital Group
7D
-7.1%
1Y
15.3%
REP
AU$0.55
RAM Essential Services Property Fund
7D
2.8%
1Y
-9.1%
CHC
AU$22.07
Charter Hall Group
7D
-0.8%
1Y
28.9%
GPT
AU$5.06
GPT Group
7D
1.0%
1Y
9.8%

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.
TOT
AU$0.43
360 Capital REIT
7D
1.2%
1Y
6.1%
APZ
AU$6.24
Aspen Group
7D
8.1%
1Y
131.1%
MGR
AU$2.05
Mirvac Group
7D
2.5%
1Y
-1.0%
SGP
AU$5.11
Stockland
7D
1.0%
1Y
0.4%

SGP: Upcoming Distribution And Firmer Margins Will Support Future Upside

Analysts have trimmed their Stockland price target from A$6.36 to A$6.12. The updated assumptions reflect a higher discount rate, more moderate revenue growth, a slightly lower future P/E and somewhat firmer profit margins.
APW
AU$3.40
Aims Property Securities Fund
7D
6.3%
1Y
74.4%