Narrative Update • Sep 09
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Australian (ASX) Office REITs Industry Analysis
UpdatedSep 11, 2026
DataAggregated Company Financials
Companies6
- 7D-3.4%
- 3M-9.1%
- 1Y-25.3%
- YTDn/a
Over the last 7 days, the Office REITs industry has dropped 2.5%, driven by declines from every company within the industry. The industry has fallen 24% in the last year. Earnings are forecast to grow by 6.6% annually.
Industry Valuation and Performance
Has the Australian Office REITs Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 11 Sep 2026 | AU$8.6b | AU$2.0b | AU$709.5m | 9.5x | 12.1x | 4.3x |
| Sun, 09 Aug 2026 | AU$9.5b | AU$2.2b | AU$789.4m | 11x | 12.1x | 4.3x |
| Tue, 07 Jul 2026 | AU$8.9b | AU$2.2b | AU$797.1m | 10.7x | 11.1x | 4x |
| Thu, 04 Jun 2026 | AU$8.7b | AU$2.2b | AU$785.2m | 10.5x | 11.1x | 4x |
| Sat, 02 May 2026 | AU$9.8b | AU$2.2b | AU$785.2m | 11.5x | 12.5x | 4.5x |
| Mon, 30 Mar 2026 | AU$9.5b | AU$2.2b | AU$785.2m | 11.1x | 12.1x | 4.3x |
| Wed, 25 Feb 2026 | AU$10.4b | AU$2.2b | AU$496.5m | 23.9x | 20.9x | 4.8x |
| Fri, 23 Jan 2026 | AU$10.9b | AU$2.0b | AU$1.3m | 54.4x | 8662.7x | 5.4x |
| Sun, 21 Dec 2025 | AU$11.4b | AU$2.0b | AU$1.3m | 56.2x | 9022.4x | 5.6x |
| Tue, 18 Nov 2025 | AU$11.3b | AU$2.0b | AU$1.3m | 56.5x | 8988.4x | 5.6x |
| Thu, 16 Oct 2025 | AU$11.5b | AU$2.0b | AU$1.3m | 57.8x | 9162.2x | 5.7x |
| Sat, 13 Sep 2025 | AU$11.7b | AU$2.0b | AU$1.3m | 57.8x | 9301.5x | 5.8x |
| Mon, 11 Aug 2025 | AU$11.5b | AU$1.4b | -AU$1,455,691,000.00 | 122.2x | -7.9x | 8.4x |
| Wed, 09 Jul 2025 | AU$10.7b | AU$1.4b | -AU$1,455,691,000.00 | 116.8x | -7.3x | 7.8x |
| Fri, 06 Jun 2025 | AU$10.9b | AU$1.4b | -AU$1,455,691,000.00 | 122.2x | -7.5x | 8x |
| Sun, 04 May 2025 | AU$11.5b | AU$1.4b | -AU$1,455,691,000.00 | 120.4x | -7.9x | 8.5x |
| Tue, 01 Apr 2025 | AU$10.9b | AU$1.4b | -AU$1,455,691,000.00 | 115.1x | -7.5x | 8x |
| Thu, 27 Feb 2025 | AU$11.7b | AU$1.4b | -AU$1,527,190,000.00 | 114.1x | -7.7x | 8.3x |
| Sat, 25 Jan 2025 | AU$10.8b | AU$1.0b | -AU$2,360,952,000.00 | 119.8x | -4.6x | 10.3x |
| Mon, 23 Dec 2024 | AU$10.6b | AU$1.0b | -AU$2,360,952,000.00 | 120.8x | -4.5x | 10.1x |
| Wed, 20 Nov 2024 | AU$11.1b | AU$1.0b | -AU$2,360,952,000.00 | 122.8x | -4.7x | 10.5x |
| Fri, 18 Oct 2024 | AU$11.8b | AU$1.0b | -AU$2,360,952,000.00 | 136.2x | -5x | 11.2x |
| Sun, 15 Sep 2024 | AU$12.0b | AU$1.1b | -AU$2,359,455,000.00 | 136.2x | -5.1x | 11.4x |
| Tue, 13 Aug 2024 | AU$11.1b | AU$1.1b | -AU$2,510,572,000.00 | 107.4x | -4.4x | 10.2x |
| Thu, 11 Jul 2024 | AU$10.4b | AU$1.1b | -AU$2,510,572,000.00 | 99.5x | -4.1x | 9.6x |
| Sat, 08 Jun 2024 | AU$11.1b | AU$1.1b | -AU$2,510,572,000.00 | 111.8x | -4.4x | 10.3x |
| Mon, 06 May 2024 | AU$11.1b | AU$1.1b | -AU$2,510,572,000.00 | 107.4x | -4.4x | 10.2x |
| Wed, 03 Apr 2024 | AU$12.5b | AU$1.1b | -AU$2,549,377,000.00 | 108.3x | -4.9x | 11.2x |
| Fri, 01 Mar 2024 | AU$11.6b | AU$1.6b | -AU$2,549,377,000.00 | 106.5x | -4.6x | 7.3x |
| Sun, 28 Jan 2024 | AU$11.6b | AU$1.7b | -AU$1,567,021,000.00 | 286.3x | -7.4x | 6.9x |
| Tue, 26 Dec 2023 | AU$12.2b | AU$1.7b | -AU$1,567,021,000.00 | 277.6x | -7.8x | 7.2x |
| Thu, 23 Nov 2023 | AU$11.0b | AU$1.7b | -AU$1,567,021,000.00 | 242.6x | -7x | 6.5x |
| Sat, 21 Oct 2023 | AU$10.9b | AU$1.7b | -AU$1,567,021,000.00 | 233.9x | -7x | 6.4x |
| Mon, 18 Sep 2023 | AU$11.9b | AU$1.7b | -AU$1,567,021,000.00 | 251.4x | -7.6x | 7x |
Price to Earnings Ratio
-7.6x
Current Industry PE
- Investors are pessimistic on the Australian Office 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 12.4x which is lower than its 3-year average PE of 1kx.
- The 3-year average PS ratio of 7.5x is higher than the industry's current PS ratio of 4.4x.
Past Earnings Growth
- Total earnings for the Office REITs industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 5.8% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Comparison
How does Australian Office REITs compare with similar industries?
| AU Market | -2.02% | |
| Real Estate | -2.38% | |
| REITS | -3.13% | |
| Office REITs | -3.40% | |
| Residential REITs | 5.53% | |
| Healthcare REITs | 4.79% | |
| Hotel and Resort REITs | 0% | 0 |
| Specialized REITs | -0.10% | |
| Industrial REITs | -0.98% | |
| Diversified REITs | -3.13% | |
| Retail REITs | -3.56% | |
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 | |
|---|---|---|---|---|---|
| No data available | |||||