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Australian (ASX) Office REITs Industry Analysis

UpdatedMay 30, 2024
DataAggregated Company Financials
Companies7
  • 7D-2.3%
  • 3M-3.3%
  • 1Y-23.1%
  • YTDn/a

Over the last 7 days, the Office REITs industry has remained flat, although notably Cromwell Property Group gained 9.5%. Unfortunately though, the industry is down 22% over the past 12 months. As for the next few years, earnings are expected to grow by 60% per annum.

Industry Valuation and Performance

Has the Australian Office REITs Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 30 May 2024AU$11.0bAU$1.1b-AU$2,510,572,000.00105.7x-4.4x10.1x
Sat, 27 Apr 2024AU$11.3bAU$1.1b-AU$2,549,377,000.00103.9x-4.4x10.1x
Mon, 25 Mar 2024AU$12.3bAU$1.6b-AU$2,549,377,000.00106.5x-4.8x7.7x
Wed, 21 Feb 2024AU$11.9bAU$1.6b-AU$2,301,398,000.00109.2x-5.2x7.4x
Fri, 19 Jan 2024AU$11.5bAU$1.7b-AU$1,567,021,000.00279.8x-7.3x6.8x
Sun, 17 Dec 2023AU$12.2bAU$1.7b-AU$1,567,021,000.00282x-7.8x7.2x
Tue, 14 Nov 2023AU$11.1bAU$1.7b-AU$1,567,021,000.00240.4x-7.1x6.5x
Thu, 12 Oct 2023AU$11.3bAU$1.7b-AU$1,567,021,000.00229.5x-7.2x6.7x
Sat, 09 Sep 2023AU$12.0bAU$1.7b-AU$1,567,021,000.00275.4x-7.7x7.1x
Mon, 07 Aug 2023AU$13.1bAU$2.5bAU$1.1b20.2x11.7x5.3x
Wed, 05 Jul 2023AU$12.0bAU$2.1bAU$909.4m20.2x13.2x5.6x
Fri, 02 Jun 2023AU$12.1bAU$2.1bAU$909.4m20.5x13.3x5.7x
Sun, 30 Apr 2023AU$11.9bAU$2.1bAU$909.4m20.6x13.1x5.6x
Tue, 28 Mar 2023AU$11.7bAU$2.1bAU$909.4m20.9x12.8x5.5x
Thu, 23 Feb 2023AU$13.3bAU$2.1bAU$1.2b9x11.1x6.2x
Sat, 21 Jan 2023AU$12.6bAU$2.6bAU$2.1b6.8x5.9x4.9x
Mon, 19 Dec 2022AU$12.8bAU$2.6bAU$2.1b6.6x6x5x
Wed, 16 Nov 2022AU$12.1bAU$2.6bAU$2.1b6.8x5.7x4.7x
Fri, 14 Oct 2022AU$11.8bAU$2.6bAU$2.1b6.5x5.6x4.6x
Sun, 11 Sep 2022AU$13.5bAU$2.6bAU$2.1b7x6.4x5.3x
Tue, 09 Aug 2022AU$14.4bAU$2.6bAU$2.1b7.9x6.9x5.6x
Thu, 07 Jul 2022AU$14.6bAU$2.5bAU$2.0b8x7.1x5.7x
Sat, 04 Jun 2022AU$16.1bAU$2.5bAU$2.0b8.6x7.9x6.3x
Mon, 02 May 2022AU$17.3bAU$2.5bAU$2.0b8.4x8.4x6.8x
Wed, 30 Mar 2022AU$17.1bAU$2.5bAU$2.0b8.6x8.4x6.7x
Fri, 25 Feb 2022AU$16.6bAU$2.6bAU$2.1b8.3x8x6.4x
Sun, 23 Jan 2022AU$16.6bAU$2.4bAU$1.6b10.3x10.3x6.9x
Tue, 21 Dec 2021AU$17.5bAU$2.4bAU$1.6b10.6x10.8x7.3x
Thu, 18 Nov 2021AU$16.8bAU$2.4bAU$1.6b10x10.4x7x
Sat, 16 Oct 2021AU$16.8bAU$2.4bAU$1.6b9.9x10.4x7x
Mon, 13 Sep 2021AU$16.5bAU$2.4bAU$1.6b10x10.2x6.9x
Wed, 11 Aug 2021AU$16.4bAU$2.4bAU$1.6b9.3x10.2x6.8x
Sun, 06 Jun 2021AU$16.3bAU$2.3bAU$1.1b13x14.9x7.2x
Price to Earnings Ratio

14.9x


Total Market Cap: AU$16.3bTotal Earnings: AU$1.1bTotal Revenue: AU$2.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Office REITs Industry Price to Earnings3Y Average 5.5x202220232024
Current Industry PE
  • Investors are optimistic on the Australian Office REITs industry, and appear confident in long term growth rates.
  • The 3-year average PS ratio of 6.5x is lower than the industry's current PS ratio of 10.3x.
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 22% per year, which is driving profits down.

Industry Comparison

How does Australian Office REITs compare with similar industries?

AU Market-2.16%
Real Estate-1.34%
REITS-2.61%
Office REITs-2.32%
Industrial REITs0.29%
Healthcare REITs0%
Hotel and Resort REITs-1.21%
Residential REITs-1.88%
Specialized REITs-2.38%
Diversified REITs-2.61%
Retail REITs-2.70%
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?

CompanyLast Price7D1YValuation
CMW Cromwell Property GroupAU$0.465.7%
+AU$65.5m
-14.8%PB0.6x
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Latest News

DXS

AU$6.77

DEXUS

7D

-4.1%

1Y

-17.5%

ABG

AU$1.15

Abacus Group

7D

-0.4%

1Y

-55.4%

AOF

AU$1.35

Australian Unity Office Fund

7D

-1.5%

1Y

-10.3%

CMW

AU$0.46

Cromwell Property Group

7D

5.7%

1Y

-14.8%

COF

AU$1.22

Centuria Office REIT

7D

-0.4%

1Y

-15.0%