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Australian (ASX) Office REITs Industry Analysis
UpdatedAug 23, 2025
DataAggregated Company Financials
Companies7
- 7D0.9%
- 3M7.2%
- 1Y6.6%
- YTDn/a
Over the last 7 days, the Office REITs industry has remained flat, although notably Cromwell Property Group declined by 3.4%. The past year has been better, since the industry has gained 6.6% in that time. As for the next few years, earnings are expected to grow by 29% 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 |
|---|---|---|---|---|---|---|
| Sat, 23 Aug 2025 | AU$11.8b | AU$2.0b | -AU$272,510,000.00 | 90.8x | -43.3x | 5.9x |
| Mon, 21 Jul 2025 | AU$11.0b | AU$1.4b | -AU$1,455,691,000.00 | 121.3x | -7.5x | 8.1x |
| Wed, 18 Jun 2025 | AU$10.8b | AU$1.4b | -AU$1,455,691,000.00 | 121.3x | -7.4x | 7.9x |
| Fri, 16 May 2025 | AU$11.4b | AU$1.4b | -AU$1,455,691,000.00 | 123.1x | -7.8x | 8.3x |
| Sun, 13 Apr 2025 | AU$10.9b | AU$1.4b | -AU$1,455,691,000.00 | 110.6x | -7.5x | 8x |
| Tue, 11 Mar 2025 | AU$11.5b | AU$1.4b | -AU$1,455,691,000.00 | 112.4x | -7.9x | 8.4x |
| Thu, 06 Feb 2025 | AU$11.2b | AU$1.0b | -AU$2,282,768,000.00 | 119.8x | -4.9x | 10.8x |
| Sat, 04 Jan 2025 | AU$10.8b | AU$1.0b | -AU$2,360,952,000.00 | 116.7x | -4.6x | 10.2x |
| Mon, 02 Dec 2024 | AU$11.3b | AU$1.0b | -AU$2,360,952,000.00 | 123.9x | -4.8x | 10.8x |
| Wed, 30 Oct 2024 | AU$11.2b | AU$1.0b | -AU$2,360,952,000.00 | 131x | -4.8x | 10.7x |
| Fri, 27 Sep 2024 | AU$11.9b | AU$1.1b | -AU$2,359,455,000.00 | 140.2x | -5.1x | 11.4x |
| Sun, 25 Aug 2024 | AU$11.0b | AU$1.1b | -AU$2,633,851,000.00 | 109.2x | -4.2x | 9.7x |
| Tue, 23 Jul 2024 | AU$10.7b | AU$1.1b | -AU$2,510,572,000.00 | 100.4x | -4.3x | 9.9x |
| Thu, 20 Jun 2024 | AU$10.6b | AU$1.1b | -AU$2,510,572,000.00 | 105.7x | -4.2x | 9.7x |
| Sat, 18 May 2024 | AU$11.2b | AU$1.1b | -AU$2,510,572,000.00 | 109.2x | -4.5x | 10.4x |
| Mon, 15 Apr 2024 | AU$11.9b | AU$1.1b | -AU$2,549,377,000.00 | 105.7x | -4.7x | 10.6x |
| Wed, 13 Mar 2024 | AU$12.2b | AU$1.6b | -AU$2,549,377,000.00 | 110.1x | -4.8x | 7.7x |
| Fri, 09 Feb 2024 | AU$12.1b | AU$1.7b | -AU$1,567,021,000.00 | 288.5x | -7.7x | 7.1x |
| Sun, 07 Jan 2024 | AU$12.0b | AU$1.7b | -AU$1,567,021,000.00 | 279.8x | -7.6x | 7x |
| Tue, 05 Dec 2023 | AU$11.4b | AU$1.7b | -AU$1,567,021,000.00 | 260.1x | -7.3x | 6.7x |
| Thu, 02 Nov 2023 | AU$10.3b | AU$1.7b | -AU$1,567,021,000.00 | 225.1x | -6.6x | 6.1x |
| Sat, 30 Sep 2023 | AU$11.4b | AU$1.7b | -AU$1,567,021,000.00 | 233.9x | -7.3x | 6.7x |
| Mon, 28 Aug 2023 | AU$12.3b | AU$1.8b | -AU$1,171,789,000.00 | 671.2x | -10.5x | 6.8x |
| Wed, 26 Jul 2023 | AU$12.1b | AU$2.1b | AU$909.4m | 20.1x | 13.3x | 5.7x |
| Fri, 23 Jun 2023 | AU$12.2b | AU$2.1b | AU$909.4m | 20.3x | 13.4x | 5.8x |
| Sun, 21 May 2023 | AU$12.2b | AU$2.1b | AU$909.4m | 20.5x | 13.4x | 5.8x |
| Tue, 18 Apr 2023 | AU$11.9b | AU$2.1b | AU$909.4m | 21.1x | 13.1x | 5.6x |
| Thu, 16 Mar 2023 | AU$12.5b | AU$2.1b | AU$909.4m | 21.8x | 13.8x | 5.9x |
| Sat, 11 Feb 2023 | AU$13.0b | AU$2.6b | AU$2.0b | 6.7x | 6.6x | 5.1x |
| Mon, 09 Jan 2023 | AU$12.2b | AU$2.6b | AU$2.1b | 6.7x | 5.7x | 4.7x |
| Wed, 07 Dec 2022 | AU$12.6b | AU$2.6b | AU$2.1b | 6.7x | 5.9x | 4.9x |
| Fri, 04 Nov 2022 | AU$12.3b | AU$2.6b | AU$2.1b | 6.8x | 5.8x | 4.8x |
| Sun, 02 Oct 2022 | AU$12.2b | AU$2.6b | AU$2.1b | 6.6x | 5.7x | 4.7x |
| Tue, 30 Aug 2022 | AU$13.8b | AU$2.6b | AU$2.2b | 7.5x | 6.3x | 5.4x |
Price to Earnings Ratio
6.3x
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 3-year average PS ratio of 7.7x is higher than the industry's current PS ratio of 5.9x.
Past Earnings Growth
- Total earnings for the Office REITs industry have declined over the last three years, with the industry now making a loss overall.
- Revenues have also declined 8.2% per year, which is driving profits down.
Industry Comparison
How does Australian Office REITs compare with similar industries?
| AU Market | 0.22% | |
| Real Estate | 0.74% | |
| REITS | 7.19% | |
| Office REITs | 0.92% | |
| Diversified REITs | 7.19% | |
| Retail REITs | 3.32% | |
| Residential REITs | 3.22% | |
| Specialized REITs | 3.00% | |
| Hotel and Resort REITs | 0% | 0 |
| Healthcare REITs | -3.09% | |
| Industrial REITs | -5.25% | |
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$7.54 | 1.6% +AU$127.2m | 8.2% | PB0.8x | |
| ABG Abacus Group | AU$1.25 | 1.6% +AU$17.9m | 11.1% | PB0.7x | |
| GDI GDI Property Group | AU$0.69 | 3.0% +AU$10.7m | 10.5% | PB14.9x | |
| ECF Elanor Commercial Property Fund | AU$0.70 | 2.9% +AU$8.1m | 11.9% | PB1x |