Australian (ASX) Office REITs Industry Analysis
UpdatedMay 29, 2023
DataAggregated Company Financials
Companies7
- 7D-1.4%
- 3M-9.0%
- 1Y-25.1%
- YTD-0.7%
Over the last 7 days, the Office REITs industry has dropped 1.4%, driven by a pullback from Dexus of 1.1%. The industry has fallen 25% in the last year. As for the next few years, earnings are expected to grow by 17% per annum.
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 |
|---|---|---|---|---|---|---|
| Mon, 29 May 2023 | AU$12.0b | AU$2.1b | AU$909.4m | 20.7x | 13.2x | 5.7x |
| Wed, 26 Apr 2023 | AU$11.9b | AU$2.1b | AU$909.4m | 20.9x | 13.1x | 5.6x |
| Fri, 24 Mar 2023 | AU$12.1b | AU$2.1b | AU$909.4m | 21.7x | 13.3x | 5.7x |
| Sun, 19 Feb 2023 | AU$13.5b | AU$2.1b | AU$1.2b | 7.2x | 11.2x | 6.3x |
| Tue, 17 Jan 2023 | AU$12.5b | AU$2.6b | AU$2.1b | 6.7x | 5.9x | 4.9x |
| Thu, 15 Dec 2022 | AU$12.9b | AU$2.6b | AU$2.1b | 6.8x | 6x | 5x |
| Sat, 12 Nov 2022 | AU$12.7b | AU$2.6b | AU$2.1b | 6.9x | 6x | 5x |
| Mon, 10 Oct 2022 | AU$12.4b | AU$2.6b | AU$2.1b | 6.8x | 5.8x | 4.8x |
| Wed, 07 Sep 2022 | AU$13.4b | AU$2.6b | AU$2.1b | 7.2x | 6.3x | 5.2x |
| Fri, 05 Aug 2022 | AU$14.7b | AU$2.6b | AU$2.1b | 8x | 7x | 5.7x |
| Sun, 03 Jul 2022 | AU$14.0b | AU$2.5b | AU$2.0b | 7.6x | 6.9x | 5.5x |
| Tue, 31 May 2022 | AU$16.4b | AU$2.5b | AU$2.0b | 8.7x | 8x | 6.4x |
| Thu, 28 Apr 2022 | AU$17.1b | AU$2.5b | AU$2.0b | 8.4x | 8.3x | 6.7x |
| Sat, 26 Mar 2022 | AU$17.0b | AU$2.5b | AU$2.0b | 8.4x | 8.3x | 6.7x |
| Mon, 21 Feb 2022 | AU$16.8b | AU$2.6b | AU$2.1b | 8.8x | 8.1x | 6.5x |
| Wed, 19 Jan 2022 | AU$17.0b | AU$2.4b | AU$1.6b | 10.5x | 10.5x | 7.1x |
| Fri, 17 Dec 2021 | AU$17.6b | AU$2.4b | AU$1.6b | 10.6x | 10.9x | 7.4x |
| Sun, 14 Nov 2021 | AU$17.0b | AU$2.4b | AU$1.6b | 10.1x | 10.5x | 7.1x |
| Tue, 12 Oct 2021 | AU$16.4b | AU$2.4b | AU$1.6b | 9.9x | 10.2x | 6.9x |
| Thu, 09 Sep 2021 | AU$16.7b | AU$2.4b | AU$1.6b | 10.1x | 10.3x | 7x |
| Sat, 07 Aug 2021 | AU$16.4b | AU$2.4b | AU$1.6b | 9.3x | 10.2x | 6.9x |
| Fri, 30 Apr 2021 | AU$15.8b | AU$2.3b | AU$1.1b | 12.7x | 14.4x | 7x |
| Mon, 01 Feb 2021 | AU$14.4b | AU$2.1b | AU$592.7m | 22.7x | 24.2x | 6.8x |
| Thu, 05 Nov 2020 | AU$14.1b | AU$2.2b | AU$898.1m | 28.3x | 15.7x | 6.4x |
| Sun, 09 Aug 2020 | AU$13.9b | AU$2.3b | AU$1.2b | 30.7x | 11.7x | 6x |
Price to Earnings Ratio
9x
Current Industry PE
- Investors are optimistic on the Australian Office REITs industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 13.2x which is higher than its 3-year average PE of 11.6x.
- The industry is trading close to its 3-year average PS ratio of 6.3x.
Past Earnings Growth
- The earnings for companies in the Office REITs industry have declined 17% per year over the last three years,
- Revenues have also declined 3.2% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Comparison
How does Australian Office REITs compare with similar industries?
| AU Market | -1.80% | |
| Real Estate | -2.18% | |
| REITS | -2.12% | |
| Office REITs | -1.40% | |
| Healthcare REITs | 2.59% | |
| Hotel and Resort REITs | -1.16% | |
| Residential REITs | -1.37% | |
| Specialized REITs | -1.53% | |
| Diversified REITs | -2.12% | |
| Industrial REITs | -2.24% | |
| Retail REITs | -2.64% | |
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 | |
|---|---|---|---|---|---|
| DXS Dexus | AU$8.18 | 1.5% +AU$129.1m | -23.0% | PB0.7x | |
| COF Centuria Office REIT | AU$1.46 | 4.3% +AU$35.8m | -28.1% | PB0.6x | |
| CMW Cromwell Property Group | AU$0.56 | 0.9% +AU$13.1m | -30.0% | PB0.6x | |
| GDF Garda Property Group | AU$1.24 | 3.8% +AU$9.4m | -22.6% | PB0.6x | |
| GDI GDI Property Group | AU$0.72 | 0.7% +AU$2.7m | -30.1% | PB20.6x |