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Australian (ASX) Diversified REITs Industry Analysis
UpdatedDec 21, 2024
DataAggregated Company Financials
Companies12
- 7D-2.2%
- 3M-11.4%
- 1Y2.9%
- YTDn/a
Over the last 7 days, the Diversified REITs industry has dropped 2.2%, driven by pullbacks in Mirvac Group and Stockland of 5.3% and 3.0%, respectively. As for the longer term, the industry's performance has been flat for the past year. As for the next few years, earnings are expected to grow by 32% per annum.
Industry Valuation and Performance
Has the Australian Diversified REITs Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 22 Dec 2024 | AU$41.5b | AU$8.6b | -AU$1,906,271,000.00 | 20.7x | -21.7x | 4.8x |
| Tue, 19 Nov 2024 | AU$44.1b | AU$8.6b | -AU$1,906,271,000.00 | 20.4x | -23.1x | 5.1x |
| Thu, 17 Oct 2024 | AU$46.3b | AU$8.6b | -AU$1,906,271,000.00 | 22.7x | -24.3x | 5.4x |
| Sat, 14 Sep 2024 | AU$46.2b | AU$8.6b | -AU$1,906,271,000.00 | 21.1x | -24.2x | 5.4x |
| Mon, 12 Aug 2024 | AU$39.6b | AU$8.2b | -AU$1,481,528,000.00 | 44.7x | -26.7x | 4.8x |
| Wed, 10 Jul 2024 | AU$36.5b | AU$7.5b | -AU$1,335,063,000.00 | 42x | -27.3x | 4.9x |
| Fri, 07 Jun 2024 | AU$39.9b | AU$7.5b | -AU$1,335,063,000.00 | 45.4x | -29.9x | 5.4x |
| Sun, 05 May 2024 | AU$38.8b | AU$7.5b | -AU$1,335,063,000.00 | 43.6x | -29.1x | 5.2x |
| Tue, 02 Apr 2024 | AU$43.2b | AU$7.5b | -AU$1,335,063,000.00 | 48x | -32.4x | 5.8x |
| Thu, 29 Feb 2024 | AU$40.0b | AU$7.5b | -AU$1,332,434,000.00 | 44.2x | -30x | 5.3x |
| Sat, 27 Jan 2024 | AU$39.0b | AU$7.6b | AU$4.8m | 23.6x | 8139.3x | 5.1x |
| Mon, 25 Dec 2023 | AU$40.2b | AU$7.6b | AU$4.8m | 24.2x | 8400.2x | 5.3x |
| Wed, 22 Nov 2023 | AU$36.7b | AU$7.6b | AU$4.8m | 22x | 7662.8x | 4.8x |
| Fri, 20 Oct 2023 | AU$34.5b | AU$7.6b | AU$4.8m | 20.3x | 7197.8x | 4.5x |
| Sun, 17 Sep 2023 | AU$38.0b | AU$7.6b | AU$4.8m | 21.9x | 7935.3x | 5x |
| Tue, 15 Aug 2023 | AU$38.6b | AU$7.9b | AU$2.5b | 11x | 15.6x | 4.9x |
| Thu, 13 Jul 2023 | AU$41.2b | AU$8.6b | AU$3.4b | 8.5x | 12.1x | 4.8x |
| Sat, 10 Jun 2023 | AU$41.3b | AU$8.6b | AU$3.4b | 8.6x | 12.1x | 4.8x |
| Mon, 08 May 2023 | AU$44.4b | AU$8.6b | AU$3.4b | 8.8x | 13x | 5.2x |
| Wed, 05 Apr 2023 | AU$42.0b | AU$8.6b | AU$3.4b | 8.9x | 12.3x | 4.9x |
| Fri, 03 Mar 2023 | AU$43.1b | AU$8.6b | AU$3.4b | 10.1x | 12.6x | 5x |
| Sun, 29 Jan 2023 | AU$44.6b | AU$9.6b | AU$6.5b | 7.2x | 6.9x | 4.6x |
| Tue, 27 Dec 2022 | AU$42.2b | AU$9.6b | AU$6.5b | 6.7x | 6.5x | 4.4x |
| Thu, 24 Nov 2022 | AU$42.1b | AU$9.6b | AU$6.5b | 6.9x | 6.5x | 4.4x |
| Sat, 22 Oct 2022 | AU$38.2b | AU$9.7b | AU$6.5b | 6.1x | 5.9x | 3.9x |
| Mon, 19 Sep 2022 | AU$40.6b | AU$9.7b | AU$6.5b | 6.4x | 6.2x | 4.2x |
| Wed, 17 Aug 2022 | AU$43.3b | AU$9.5b | AU$6.9b | 5.5x | 6.3x | 4.6x |
| Fri, 15 Jul 2022 | AU$41.7b | AU$9.2b | AU$7.3b | 5.4x | 5.7x | 4.5x |
| Sun, 12 Jun 2022 | AU$41.8b | AU$9.2b | AU$7.3b | 5.4x | 5.7x | 4.5x |
| Tue, 10 May 2022 | AU$45.1b | AU$9.2b | AU$7.3b | 5.3x | 6.1x | 4.9x |
| Thu, 07 Apr 2022 | AU$51.5b | AU$9.2b | AU$7.3b | 6.2x | 7x | 5.6x |
| Sat, 05 Mar 2022 | AU$49.2b | AU$9.2b | AU$7.3b | 5.7x | 6.7x | 5.3x |
| Mon, 31 Jan 2022 | AU$49.2b | AU$7.9b | AU$5.2b | 8.7x | 9.5x | 6.2x |
| Wed, 29 Dec 2021 | AU$55.9b | AU$7.9b | AU$5.2b | 9.6x | 10.8x | 7.1x |
Price to Earnings Ratio
10.8x
Current Industry PE
- Investors are relatively neutral on the Australian Diversified REITs industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PS ratio of 5.0x.
Past Earnings Growth
- Total earnings for the Diversified REITs industry have declined over the last three years, with the industry now making a loss overall.
- Meanwhile revenues have grown 2.9% 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 Comparison
How does Australian Diversified REITs compare with similar industries?
| AU Market | -2.74% | |
| Real Estate | -1.70% | |
| REITS | -2.23% | |
| Diversified REITs | -2.23% | |
| Specialized REITs | 0.87% | |
| Residential REITs | 0.22% | |
| Hotel and Resort REITs | 0% | |
| Retail REITs | -0.14% | |
| Office REITs | -0.98% | |
| Industrial REITs | -2.27% | |
| Healthcare REITs | -2.91% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| GOZ Growthpoint Properties Australia | AU$2.49 | 1.6% +AU$30.2m | 2.0% | PB0.7x | |
| GPT GPT Group | AU$4.49 | 0.2% +AU$19.2m | -3.4% | PB0.8x | |
| CLW Charter Hall Long WALE REIT | AU$3.73 | 0.3% +AU$7.1m | 0% | PB0.8x | |
| REP RAM Essential Services Property Fund | AU$0.59 | 0.9% +AU$2.5m | -17.5% | PB1.4x | |
| TOT 360 Capital REIT | AU$0.41 | 2.5% +AU$2.2m | -23.1% | PB0.7x |