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Australian (ASX) Office REITs Industry Analysis
UpdatedNov 20, 2024
DataAggregated Company Financials
Companies7
- 7D-1.2%
- 3M1.5%
- 1Y0.8%
- YTDn/a
Over the last 7 days, the Office REITs industry has dropped 1.2%, driven by DEXUS declining 3.3%. Over the last year, the industry has been flat overall. Earnings are forecast to grow by 51% 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 |
|---|---|---|---|---|---|---|
| Thu, 21 Nov 2024 | AU$11.1b | AU$1.0b | -AU$2,360,952,000.00 | 122.8x | -4.7x | 10.5x |
| Sat, 19 Oct 2024 | AU$11.8b | AU$1.0b | -AU$2,360,952,000.00 | 134.1x | -5x | 11.3x |
| Mon, 16 Sep 2024 | AU$12.0b | AU$1.1b | -AU$2,359,455,000.00 | 136.2x | -5.1x | 11.4x |
| Wed, 14 Aug 2024 | AU$11.5b | AU$1.1b | -AU$2,510,572,000.00 | 105.7x | -4.6x | 10.6x |
| Fri, 12 Jul 2024 | AU$10.6b | AU$1.1b | -AU$2,510,572,000.00 | 100.4x | -4.2x | 9.7x |
| Sun, 09 Jun 2024 | AU$11.1b | AU$1.1b | -AU$2,510,572,000.00 | 111.8x | -4.4x | 10.3x |
| Tue, 07 May 2024 | AU$11.1b | AU$1.1b | -AU$2,510,572,000.00 | 107.4x | -4.4x | 10.2x |
| Thu, 04 Apr 2024 | AU$12.1b | AU$1.1b | -AU$2,549,377,000.00 | 107.4x | -4.8x | 10.8x |
| Sat, 02 Mar 2024 | AU$11.6b | AU$1.6b | -AU$2,549,377,000.00 | 106.5x | -4.5x | 7.2x |
| Mon, 29 Jan 2024 | AU$11.6b | AU$1.7b | -AU$1,567,021,000.00 | 286.3x | -7.4x | 6.9x |
| Wed, 27 Dec 2023 | AU$12.2b | AU$1.7b | -AU$1,567,021,000.00 | 277.6x | -7.8x | 7.2x |
| Fri, 24 Nov 2023 | AU$11.1b | AU$1.7b | -AU$1,567,021,000.00 | 238.3x | -7.1x | 6.5x |
| Sun, 22 Oct 2023 | AU$10.9b | AU$1.7b | -AU$1,567,021,000.00 | 233.9x | -7x | 6.4x |
| Tue, 19 Sep 2023 | AU$11.9b | AU$1.7b | -AU$1,567,021,000.00 | 249.2x | -7.6x | 7x |
| Thu, 17 Aug 2023 | AU$12.6b | AU$1.7b | AU$220.4m | 24.9x | 57.3x | 7.6x |
| Sat, 15 Jul 2023 | AU$12.2b | AU$2.1b | AU$909.4m | 20.3x | 13.5x | 5.8x |
| Mon, 12 Jun 2023 | AU$12.1b | AU$2.1b | AU$909.4m | 20.4x | 13.3x | 5.7x |
| Wed, 10 May 2023 | AU$12.1b | AU$2.1b | AU$909.4m | 20.7x | 13.3x | 5.7x |
| Fri, 07 Apr 2023 | AU$11.7b | AU$2.1b | AU$909.4m | 21.2x | 12.9x | 5.5x |
| Sun, 05 Mar 2023 | AU$12.8b | AU$2.1b | AU$909.4m | 21.9x | 14x | 6x |
| Tue, 31 Jan 2023 | AU$13.0b | AU$2.6b | AU$2.1b | 6.8x | 6.1x | 5.1x |
| Thu, 29 Dec 2022 | AU$12.7b | AU$2.6b | AU$2.1b | 6.8x | 5.9x | 4.9x |
| Sat, 26 Nov 2022 | AU$12.5b | AU$2.6b | AU$2.1b | 6.7x | 5.9x | 4.9x |
| Mon, 24 Oct 2022 | AU$11.9b | AU$2.6b | AU$2.1b | 6.7x | 5.6x | 4.6x |
| Wed, 21 Sep 2022 | AU$13.2b | AU$2.6b | AU$2.1b | 6.9x | 6.2x | 5.1x |
| Fri, 19 Aug 2022 | AU$14.5b | AU$2.5b | AU$2.2b | 7.9x | 6.6x | 5.7x |
| Sun, 17 Jul 2022 | AU$14.6b | AU$2.5b | AU$2.0b | 7.7x | 7.1x | 5.7x |
| Tue, 14 Jun 2022 | AU$14.9b | AU$2.5b | AU$2.0b | 8.1x | 7.3x | 5.8x |
| Thu, 12 May 2022 | AU$16.3b | AU$2.5b | AU$2.0b | 8.1x | 8x | 6.4x |
| Sat, 09 Apr 2022 | AU$16.9b | AU$2.5b | AU$2.0b | 8.4x | 8.2x | 6.6x |
| Mon, 07 Mar 2022 | AU$16.7b | AU$2.5b | AU$2.0b | 8.3x | 8.1x | 6.5x |
| Wed, 02 Feb 2022 | AU$16.1b | AU$2.4b | AU$1.6b | 10x | 10x | 6.7x |
| Fri, 31 Dec 2021 | AU$17.5b | AU$2.4b | AU$1.6b | 10.7x | 10.8x | 7.3x |
| Sun, 28 Nov 2021 | AU$17.1b | AU$2.4b | AU$1.6b | 10.1x | 10.6x | 7.2x |
Price to Earnings Ratio
10.6x
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 7.1x is lower than the industry's current PS ratio of 10.5x.
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 24% per year, which is driving profits down.
Industry Comparison
How does Australian Office REITs compare with similar industries?
| AU Market | 1.37% | |
| Real Estate | 1.31% | |
| REITS | 0.15% | |
| Office REITs | -1.17% | |
| Industrial REITs | 2.67% | |
| Specialized REITs | 1.56% | |
| Retail REITs | 1.25% | |
| Residential REITs | 1.24% | |
| Healthcare REITs | 0.89% | |
| Hotel and Resort REITs | 0.55% | |
| Diversified REITs | 0.15% | |
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 | |
|---|---|---|---|---|---|
| CMW Cromwell Property Group | AU$0.40 | 1.3% +AU$13.1m | -4.8% | PB0.7x | |
| COF Centuria Office REIT | AU$1.18 | 0.9% +AU$6.0m | -1.3% | PB0.7x |