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Australian (ASX) Office REITs Industry Analysis
UpdatedDec 21, 2024
DataAggregated Company Financials
Companies7
- 7D-1.0%
- 3M-13.4%
- 1Y-12.2%
- YTDn/a
Last week, the Office REITs industry hasn't moved much but Cromwell Property Group is up 4.1% in that time. As for the longer term, the industry has declined 11% in the last year. As for the next few years, earnings are expected to grow by 51% 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, 21 Dec 2024 | AU$10.6b | AU$1.0b | -AU$2,360,952,000.00 | 120.8x | -4.5x | 10.1x |
| Mon, 18 Nov 2024 | AU$11.1b | AU$1.0b | -AU$2,360,952,000.00 | 121.8x | -4.7x | 10.5x |
| Wed, 16 Oct 2024 | AU$11.8b | AU$1.0b | -AU$2,360,952,000.00 | 132.1x | -5x | 11.2x |
| Fri, 13 Sep 2024 | AU$11.9b | AU$1.1b | -AU$2,359,455,000.00 | 130x | -5x | 11.3x |
| Sun, 11 Aug 2024 | AU$11.2b | AU$1.1b | -AU$2,510,572,000.00 | 105.7x | -4.4x | 10.3x |
| Tue, 09 Jul 2024 | AU$10.4b | AU$1.1b | -AU$2,510,572,000.00 | 99.5x | -4.1x | 9.6x |
| Thu, 06 Jun 2024 | AU$11.2b | AU$1.1b | -AU$2,510,572,000.00 | 114.5x | -4.5x | 10.3x |
| Sat, 04 May 2024 | AU$11.1b | AU$1.1b | -AU$2,510,572,000.00 | 107.4x | -4.4x | 10.2x |
| Mon, 01 Apr 2024 | AU$12.6b | AU$1.1b | -AU$2,549,377,000.00 | 108.3x | -4.9x | 11.2x |
| Wed, 28 Feb 2024 | AU$11.5b | AU$1.6b | -AU$2,412,377,000.00 | 106.5x | -4.8x | 7.2x |
| Fri, 26 Jan 2024 | AU$11.6b | AU$1.7b | -AU$1,567,021,000.00 | 286.3x | -7.4x | 6.9x |
| Sun, 24 Dec 2023 | AU$12.2b | AU$1.7b | -AU$1,567,021,000.00 | 277.6x | -7.8x | 7.2x |
| Tue, 21 Nov 2023 | AU$11.3b | AU$1.7b | -AU$1,567,021,000.00 | 247x | -7.2x | 6.6x |
| Thu, 19 Oct 2023 | AU$11.1b | AU$1.7b | -AU$1,567,021,000.00 | 233.9x | -7.1x | 6.6x |
| Sat, 16 Sep 2023 | AU$11.9b | AU$1.7b | -AU$1,567,021,000.00 | 255.7x | -7.6x | 7x |
| Mon, 14 Aug 2023 | AU$13.1b | AU$2.5b | AU$1.1b | 20.1x | 11.8x | 5.3x |
| Wed, 12 Jul 2023 | AU$11.8b | AU$2.1b | AU$909.4m | 19.9x | 13x | 5.6x |
| Fri, 09 Jun 2023 | AU$12.3b | AU$2.1b | AU$909.4m | 20.6x | 13.5x | 5.8x |
| Sun, 07 May 2023 | AU$12.1b | AU$2.1b | AU$909.4m | 20.8x | 13.4x | 5.7x |
| Tue, 04 Apr 2023 | AU$11.7b | AU$2.1b | AU$909.4m | 20.9x | 12.9x | 5.5x |
| Thu, 02 Mar 2023 | AU$13.0b | AU$2.1b | AU$909.4m | 22.7x | 14.3x | 6.1x |
| Sat, 28 Jan 2023 | AU$12.9b | AU$2.6b | AU$2.1b | 6.8x | 6.1x | 5x |
| Mon, 26 Dec 2022 | AU$12.7b | AU$2.6b | AU$2.1b | 6.7x | 5.9x | 4.9x |
| Wed, 23 Nov 2022 | AU$12.2b | AU$2.6b | AU$2.1b | 6.7x | 5.7x | 4.7x |
| Fri, 21 Oct 2022 | AU$12.0b | AU$2.6b | AU$2.1b | 6.7x | 5.7x | 4.7x |
| Sun, 18 Sep 2022 | AU$13.2b | AU$2.6b | AU$2.1b | 6.9x | 6.2x | 5.1x |
| Tue, 16 Aug 2022 | AU$14.6b | AU$2.6b | AU$2.1b | 8.1x | 7x | 5.7x |
| Thu, 14 Jul 2022 | AU$14.6b | AU$2.5b | AU$2.0b | 7.8x | 7.1x | 5.7x |
| Sat, 11 Jun 2022 | AU$14.9b | AU$2.5b | AU$2.0b | 8.1x | 7.3x | 5.8x |
| Mon, 09 May 2022 | AU$16.8b | AU$2.5b | AU$2.0b | 8.3x | 8.2x | 6.6x |
| Wed, 06 Apr 2022 | AU$16.9b | AU$2.5b | AU$2.0b | 8.4x | 8.3x | 6.6x |
| Fri, 04 Mar 2022 | AU$16.6b | AU$2.5b | AU$2.0b | 8.3x | 8.1x | 6.5x |
| Sun, 30 Jan 2022 | AU$16.0b | AU$2.4b | AU$1.6b | 9.8x | 9.9x | 6.7x |
| Tue, 28 Dec 2021 | AU$17.4b | AU$2.4b | AU$1.6b | 10.7x | 10.8x | 7.3x |
Price to Earnings Ratio
10.8x
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 7.2x is lower than the industry's current PS ratio of 10.2x.
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 | -2.74% | |
| Real Estate | -1.70% | |
| REITS | -2.23% | |
| Office REITs | -0.98% | |
| Specialized REITs | 0.87% | |
| Residential REITs | 0.22% | |
| Hotel and Resort REITs | 0% | |
| Retail REITs | -0.14% | |
| Diversified REITs | -2.23% | |
| Industrial REITs | -2.27% | |
| Healthcare REITs | -2.91% | |
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$0.38 | 4.1% +AU$39.3m | -10.6% | PB0.6x | |
| ABG Abacus Group | AU$1.16 | 1.8% +AU$17.9m | 0% | PB0.6x | |
| AOF Australian Unity Office Fund | AU$1.09 | 3.3% +AU$5.8m | 8.5% | PB0.8x | |
| ECF Elanor Commercial Property Fund | AU$0.60 | 0.8% +AU$2.0m | -21.1% | PB1x |