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Australian (ASX) Office REITs Industry Analysis
UpdatedJan 31, 2025
DataAggregated Company Financials
Companies7
- 7D3.4%
- 3M-0.6%
- 1Y-6.0%
- YTDn/a
In the last week, the Office REITs industry is up 3.8%, with DEXUS up 4.1%. In contrast, the industry has lost 6.9% in the last 12 months. As for the next few years, earnings are expected to grow by 54% 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 |
|---|---|---|---|---|---|---|
| Fri, 31 Jan 2025 | AU$11.1b | AU$1.0b | -AU$2,360,952,000.00 | 120.8x | -4.7x | 10.6x |
| Sun, 29 Dec 2024 | AU$11.1b | AU$1.0b | -AU$2,360,952,000.00 | 122.8x | -4.7x | 10.6x |
| Tue, 26 Nov 2024 | AU$11.0b | AU$1.0b | -AU$2,360,952,000.00 | 120.8x | -4.6x | 10.5x |
| Thu, 24 Oct 2024 | AU$11.5b | AU$1.0b | -AU$2,360,952,000.00 | 131x | -4.9x | 11x |
| Sat, 21 Sep 2024 | AU$12.1b | AU$1.1b | -AU$2,359,455,000.00 | 128x | -5.1x | 11.5x |
| Mon, 19 Aug 2024 | AU$11.5b | AU$1.1b | -AU$2,505,361,000.00 | 106.5x | -4.6x | 10.7x |
| Wed, 17 Jul 2024 | AU$11.0b | AU$1.1b | -AU$2,510,572,000.00 | 101.3x | -4.4x | 10.1x |
| Fri, 14 Jun 2024 | AU$10.7b | AU$1.1b | -AU$2,510,572,000.00 | 108.3x | -4.3x | 9.8x |
| Sun, 12 May 2024 | AU$11.2b | AU$1.1b | -AU$2,510,572,000.00 | 110.1x | -4.5x | 10.3x |
| Tue, 09 Apr 2024 | AU$12.2b | AU$1.1b | -AU$2,549,377,000.00 | 107.4x | -4.8x | 10.9x |
| Thu, 07 Mar 2024 | AU$11.7b | AU$1.6b | -AU$2,549,377,000.00 | 104.8x | -4.6x | 7.4x |
| Sat, 03 Feb 2024 | AU$12.1b | AU$1.7b | -AU$1,567,021,000.00 | 290.7x | -7.7x | 7.1x |
| Mon, 01 Jan 2024 | AU$12.2b | AU$1.7b | -AU$1,567,021,000.00 | 284.2x | -7.8x | 7.2x |
| Wed, 29 Nov 2023 | AU$11.1b | AU$1.7b | -AU$1,567,021,000.00 | 242.6x | -7.1x | 6.5x |
| Fri, 27 Oct 2023 | AU$10.3b | AU$1.7b | -AU$1,567,021,000.00 | 229.5x | -6.6x | 6.1x |
| Sun, 24 Sep 2023 | AU$11.4b | AU$1.7b | -AU$1,567,021,000.00 | 240.4x | -7.3x | 6.7x |
| Tue, 22 Aug 2023 | AU$12.5b | AU$1.8b | -AU$1,123,315,000.00 | 972.4x | -11.2x | 6.9x |
| Thu, 20 Jul 2023 | AU$12.2b | AU$2.1b | AU$909.4m | 20.2x | 13.4x | 5.7x |
| Sat, 17 Jun 2023 | AU$11.9b | AU$2.1b | AU$909.4m | 20.1x | 13.1x | 5.6x |
| Mon, 15 May 2023 | AU$12.2b | AU$2.1b | AU$909.4m | 20.8x | 13.4x | 5.8x |
| Wed, 12 Apr 2023 | AU$11.7b | AU$2.1b | AU$909.4m | 21x | 12.9x | 5.5x |
| Fri, 10 Mar 2023 | AU$12.9b | AU$2.1b | AU$909.4m | 22.2x | 14.1x | 6.1x |
| Sun, 05 Feb 2023 | AU$13.6b | AU$2.6b | AU$2.0b | 6.9x | 6.6x | 5.3x |
| Tue, 03 Jan 2023 | AU$12.2b | AU$2.6b | AU$2.1b | 6.7x | 5.7x | 4.8x |
| Thu, 01 Dec 2022 | AU$12.7b | AU$2.6b | AU$2.1b | 6.7x | 6x | 4.9x |
| Sat, 29 Oct 2022 | AU$12.3b | AU$2.6b | AU$2.1b | 6.8x | 5.8x | 4.8x |
| Mon, 26 Sep 2022 | AU$12.5b | AU$2.6b | AU$2.1b | 6.8x | 5.9x | 4.9x |
| Wed, 24 Aug 2022 | AU$13.9b | AU$2.5b | AU$2.2b | 7.8x | 6.3x | 5.5x |
| Fri, 22 Jul 2022 | AU$14.8b | AU$2.5b | AU$2.0b | 8.2x | 7.2x | 5.8x |
| Sun, 19 Jun 2022 | AU$14.0b | AU$2.5b | AU$2.0b | 7.5x | 6.8x | 5.5x |
| Tue, 17 May 2022 | AU$16.5b | AU$2.5b | AU$2.0b | 8.4x | 8x | 6.5x |
| Thu, 14 Apr 2022 | AU$16.7b | AU$2.5b | AU$2.0b | 8.4x | 8.2x | 6.6x |
| Sat, 12 Mar 2022 | AU$16.4b | AU$2.5b | AU$2.0b | 8.2x | 8x | 6.5x |
| Mon, 07 Feb 2022 | AU$16.2b | AU$2.4b | AU$1.7b | 10.1x | 9.8x | 6.8x |
Price to Earnings Ratio
9.8x
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 7.3x is lower than the industry's current PS ratio of 10.7x.
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 | 1.28% | |
| Real Estate | -1.03% | |
| REITS | 2.06% | |
| Office REITs | 3.39% | |
| Residential REITs | 6.61% | |
| Retail REITs | 2.29% | |
| Diversified REITs | 2.06% | |
| Specialized REITs | 0.53% | |
| Hotel and Resort REITs | 0% | 0 |
| Healthcare REITs | -0.54% | |
| Industrial REITs | -5.60% | |
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$7.26 | 7.1% +AU$514.9m | -5.6% | PB0.8x | |
| COF Centuria Office REIT | AU$1.17 | 1.7% +AU$11.9m | -7.9% | PB0.6x | |
| ABG Abacus Group | AU$1.15 | 0.4% +AU$4.5m | 5.5% | PB0.6x | |
| GDI GDI Property Group | AU$0.59 | 0.9% +AU$2.7m | -11.3% | PB14.3x |