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Australian (ASX) REITS Industry Analysis

UpdatedApr 21, 2026
DataAggregated Company Financials
Companies11
  • 7D4.1%
  • 3M-15.8%
  • 1Y-1.4%
  • YTD-16.5%

Over the last 7 days, the REITS industry has risen 2.4%, driven by gains from Charter Hall Group of 6.0%. The industry has been flat over the past 12 months despite the gain this week. Earnings are forecast to grow by 7.2% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 21 Apr 2026AU$43.6bAU$9.7bAU$2.8b18.1x15.3x4.5x
Thu, 19 Mar 2026AU$43.7bAU$9.7bAU$2.8b19.4x15.4x4.5x
Sat, 14 Feb 2026AU$47.8bAU$9.0bAU$1.6b24.1x30x5.3x
Mon, 12 Jan 2026AU$51.5bAU$9.0bAU$1.6b26.1x32.3x5.7x
Wed, 10 Dec 2025AU$52.5bAU$9.0bAU$1.6b26.3x33x5.8x
Fri, 07 Nov 2025AU$53.4bAU$9.0bAU$1.6b26.5x33.5x5.9x
Sun, 05 Oct 2025AU$53.9bAU$9.0bAU$1.6b26.8x33.8x6x
Tue, 02 Sep 2025AU$54.8bAU$9.0bAU$1.6b27.9x34.4x6.1x
Thu, 31 Jul 2025AU$49.3bAU$8.9b-AU$822,984,000.0018.7x-59.9x5.6x
Sat, 28 Jun 2025AU$47.6bAU$8.9b-AU$822,984,000.0018.2x-57.9x5.4x
Mon, 26 May 2025AU$47.1bAU$8.9b-AU$822,984,000.0016.3x-57.2x5.3x
Wed, 23 Apr 2025AU$43.8bAU$8.9b-AU$822,984,000.0014.4x-53.2x4.9x
Fri, 21 Mar 2025AU$43.3bAU$8.9b-AU$822,984,000.0014.4x-52.7x4.9x
Sun, 16 Feb 2025AU$44.4bAU$8.7b-AU$1,596,616,000.0019.6x-27.8x5.1x
Tue, 14 Jan 2025AU$40.6bAU$8.6b-AU$1,906,271,000.0020.1x-21.3x4.7x
Thu, 12 Dec 2024AU$43.1bAU$8.6b-AU$1,906,271,000.0021.4x-22.6x5x
Sat, 09 Nov 2024AU$43.3bAU$8.6b-AU$1,906,271,000.0020.4x-22.7x5x
Mon, 07 Oct 2024AU$46.3bAU$8.6b-AU$1,906,271,000.0022.8x-24.3x5.4x
Wed, 04 Sep 2024AU$44.1bAU$8.6b-AU$1,906,271,000.0019.4x-23.1x5.1x
Fri, 02 Aug 2024AU$41.1bAU$7.5b-AU$1,335,063,000.0045.6x-30.7x5.5x
Sun, 30 Jun 2024AU$36.6bAU$7.5b-AU$1,335,063,000.0041.3x-27.4x4.9x
Tue, 28 May 2024AU$39.4bAU$7.5b-AU$1,335,063,000.0044.4x-29.5x5.3x
Thu, 25 Apr 2024AU$39.0bAU$7.5b-AU$1,335,063,000.0043.4x-29.2x5.2x
Sat, 23 Mar 2024AU$42.2bAU$7.5b-AU$1,335,063,000.0047.3x-31.6x5.7x
Mon, 19 Feb 2024AU$41.8bAU$7.9b-AU$810,633,000.0025.5x-51.5x5.3x
Wed, 17 Jan 2024AU$39.8bAU$7.6bAU$8.6m21.2x4645.3x5.2x
Fri, 15 Dec 2023AU$38.9bAU$7.6bAU$8.6m21.2x4538x5.1x
Sun, 12 Nov 2023AU$35.0bAU$7.6bAU$8.6m19.5x4084.4x4.6x
Tue, 10 Oct 2023AU$34.5bAU$7.6bAU$8.6m19.3x4032.7x4.5x
Thu, 07 Sep 2023AU$38.7bAU$7.6bAU$8.6m20.3x4518.8x5.1x
Sat, 05 Aug 2023AU$39.6bAU$8.3bAU$3.1b11.1x12.7x4.8x
Mon, 03 Jul 2023AU$41.3bAU$8.6bAU$3.4b9.6x12.1x4.8x
Wed, 31 May 2023AU$43.5bAU$8.6bAU$3.4b10.3x12.7x5.1x
Fri, 28 Apr 2023AU$43.7bAU$8.6bAU$3.4b10.2x12.8x5.1x
Price to Earnings Ratio

12.8x


Total Market Cap: AU$43.7bTotal 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 15.2x 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 4.5x.
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 Market0.77%
Real Estate4.70%
REITS4.07%
Industrial REITs7.68%
Diversified REITs4.07%
Office REITs3.50%
Residential REITs2.98%
Retail REITs2.14%
Specialized REITs1.87%
Hotel and Resort REITs0%0
Healthcare REITs-2.24%
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 17.2%, 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$21.146.0%
+AU$567.4m		30.2%PB3.5x
SGP StocklandAU$4.293.4%
+AU$339.6m		-17.3%PB1x
GPT GPT GroupAU$4.723.7%
+AU$325.6m		5.6%PB0.9x
MGR Mirvac GroupAU$1.803.8%
+AU$256.5m		-17.3%PB0.8x
CLW Charter Hall Long WALE REITAU$3.533.5%
+AU$85.9m		-6.9%PB0.8x

Latest News

CNI
AU$1.58
Centuria Capital Group
7D
4.6%
1Y
5.3%

CNI: Higher Discount Rate Will Underscore Resilient Long Dated Earnings Outlook

Analysts have trimmed the Centuria Capital Group price target slightly to about A$2.16 from A$2.18, reflecting small adjustments to the fair value estimate, discount rate and forward P/E assumptions, while broadly maintaining their underlying thesis. Analyst Commentary Analyst views on Centuria Capital Group remain anchored in valuation discipline and execution quality, with the modest A$0.02 reduction in the price target framed as a fine tuning of existing models rather than a shift in thesis.
CHC
AU$21.14
Charter Hall Group
7D
6.0%
1Y
30.2%

CHC: FY26 Earnings And Distribution Guidance Will Underpin Stronger Forward Returns

Analysts have nudged their price target for Charter Hall Group slightly higher to around A$31.89 from A$31.76, citing updated assumptions for revenue growth, profit margins and forward P/E that fine-tune their outlook rather than reshape it. What's in the News Charter Hall Group issued earnings guidance for fiscal 2026 at 100.0 cents per security for post tax operating earnings per security, with the company stating this represents 22.9% growth over FY25 (Key Developments).
SGP
AU$4.29
Stockland
7D
3.4%
1Y
-17.3%

SGP: Confirmed 2025 Distribution Will Support Upside Under Slightly Firmer Risk Settings

Analysts have revised Stockland's fair value estimate to A$5.32 from A$5.74, reflecting updated assumptions around a slightly higher discount rate, more conservative revenue growth, and a lower future P/E multiple, while profit margin expectations remain broadly unchanged. Analyst Commentary Analysts updating Stockland's fair value to A$5.32 are effectively signalling a more cautious stance on risk and future valuation multiples, while keeping profitability assumptions broadly intact.
GPT
AU$4.72
GPT Group
7D
3.7%
1Y
5.6%

GPT: Reset Assumptions And 2026 Distribution Guidance Will Support Repricing

Analysts have trimmed their price target for GPT Group to A$5.51 from A$5.78, citing updated assumptions around discount rates, profit margins and future P/E that have also fed into recent research such as the Jefferies downgrade. Analyst Commentary Bullish Takeaways Bullish analysts see the updated discount rate assumptions as bringing the valuation framework closer to current market pricing, which they view as a cleaner starting point for assessing future returns on GPT Group.
CLW
AU$3.53
Charter Hall Long WALE REIT
7D
3.5%
1Y
-6.9%

CLW: Long WALE Income And 2026 Guidance Will Support Future Returns

Analysts have cut the Charter Hall Long WALE REIT price target from A$4.11 to A$4.03. This reflects a slightly higher discount rate and modestly lower profit margin assumptions, which more than offset only small adjustments to revenue growth and future P/E expectations.
APW
AU$3.18
Aims Property Securities Fund
7D
4.6%
1Y
32.5%
MGR
AU$1.80
Mirvac Group
7D
3.8%
1Y
-17.3%
APZ
AU$4.83
Aspen Group
7D
-1.2%
1Y
61.0%
GOZ
AU$2.22
Growthpoint Properties Australia
7D
4.7%
1Y
-2.6%