Australian (ASX) Office REITs Industry Analysis
UpdatedMay 28, 2022
DataAggregated Company Financials
Companies7
- 7D-1.1%
- 3M-3.1%
- 1Y-1.4%
- YTD-8.0%
The Office REITs is pretty flat in the last 7 days, but Garda Property Group has stood out, gaining 4.7%. Furthermore, the industry has been flat for the past year as well. Earnings are forecast to grow by 1.9% annually.
Industry Valuation and Performance
Has the Australian Office REITs Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE |
|---|---|---|---|---|
| Sat, 28 May 2022 | AU$16.1b | AU$2.5b | AU$2.0b | 8.6x |
| Mon, 25 Apr 2022 | AU$17.1b | AU$2.5b | AU$2.0b | 8.5x |
| Wed, 23 Mar 2022 | AU$16.7b | AU$2.5b | AU$2.0b | 8.3x |
| Fri, 18 Feb 2022 | AU$16.8b | AU$2.6b | AU$2.1b | 8.8x |
| Sun, 16 Jan 2022 | AU$16.9b | AU$2.4b | AU$1.6b | 10.4x |
| Tue, 14 Dec 2021 | AU$17.5b | AU$2.4b | AU$1.6b | 10.4x |
| Thu, 11 Nov 2021 | AU$17.3b | AU$2.4b | AU$1.6b | 10.2x |
| Sat, 09 Oct 2021 | AU$16.5b | AU$2.4b | AU$1.6b | 9.9x |
| Mon, 06 Sep 2021 | AU$16.8b | AU$2.4b | AU$1.6b | 10x |
| Wed, 04 Aug 2021 | AU$16.2b | AU$2.4b | AU$1.6b | 9.1x |
| Sat, 08 May 2021 | AU$15.8b | AU$2.3b | AU$1.1b | 12.7x |
| Tue, 09 Feb 2021 | AU$14.4b | AU$2.1b | AU$592.7m | 22.7x |
| Mon, 02 Nov 2020 | AU$14.1b | AU$2.2b | AU$898.1m | 28.3x |
| Thu, 06 Aug 2020 | AU$13.9b | AU$2.3b | AU$1.2b | 30.7x |
| Sun, 10 May 2020 | AU$14.3b | AU$2.3b | AU$1.6b | 17.3x |
| Sat, 01 Feb 2020 | AU$20.6b | AU$2.4b | AU$2.0b | 15.7x |
| Tue, 05 Nov 2019 | AU$19.5b | AU$2.2b | AU$1.8b | 11.7x |
| Fri, 09 Aug 2019 | AU$20.0b | AU$2.0b | AU$1.6b | 11.2x |
Median PE Ratio
11.7x
Current Industry PE
- Investors are more pessimistic on the 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 8.7x which is lower than its 3-year average PE of 16.0x.
Past Earnings Growth
- The earnings for companies in the Office REITs industry have grown 6.0% per year over the last three years.
- Revenues for these companies have grown 7.9% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does Australian Office REITs compare with similar industries?
| AU Market | -1.30% | |
| Real Estate | 0.80% | |
| REITS | 0.93% | |
| Office REITs | -1.08% | |
| Industrial REITs | 2.23% | |
| Retail REITs | 1.29% | |
| Diversified REITs | 0.42% | |
| Specialized REITs | 0.32% | |
| Hotel and Resort REITs | 0% | |
| Residential REITs | -1.13% | |
| Healthcare REITs | -1.50% | |
Industry PEThere is insufficient data on the sub-industries of this industry.
Forecasted GrowthThere is insufficient data on the sub-industries of this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| GDF Garda Property Group | AU$1.57 | 4.7% +AU$15.6m | 23.7% | PB1x | |
| ECF Elanor Commercial Property Fund | AU$1.04 | 0.5% +AU$1.6m | -4.6% | PB1.1x |