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Australian (ASX) Office REITs Industry Analysis
UpdatedMay 21, 2025
DataAggregated Company Financials
Companies7
- 7D-3.2%
- 3M-4.8%
- 1Y-0.9%
- YTDn/a
Over the last 7 days, the Office REITs industry has dropped 4.1%, driven by DEXUS declining 4.0%. Over the last year, the industry has been flat overall. Earnings are forecast to grow by 52% 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 |
|---|---|---|---|---|---|---|
| Wed, 21 May 2025 | AU$11.2b | AU$1.4b | -AU$1,455,691,000.00 | 122.2x | -7.7x | 8.2x |
| Fri, 18 Apr 2025 | AU$11.1b | AU$1.4b | -AU$1,455,691,000.00 | 112.4x | -7.6x | 8.2x |
| Sun, 16 Mar 2025 | AU$11.2b | AU$1.4b | -AU$1,455,691,000.00 | 111.5x | -7.7x | 8.2x |
| Tue, 11 Feb 2025 | AU$11.6b | AU$1.0b | -AU$2,282,768,000.00 | 123.9x | -5.1x | 11.2x |
| Thu, 09 Jan 2025 | AU$10.8b | AU$1.0b | -AU$2,360,952,000.00 | 116.7x | -4.6x | 10.2x |
| Sat, 07 Dec 2024 | AU$10.9b | AU$1.0b | -AU$2,360,952,000.00 | 120.8x | -4.6x | 10.4x |
| Mon, 04 Nov 2024 | AU$11.1b | AU$1.0b | -AU$2,360,952,000.00 | 129x | -4.7x | 10.6x |
| Wed, 02 Oct 2024 | AU$11.9b | AU$1.1b | -AU$2,359,455,000.00 | 138.2x | -5.1x | 11.3x |
| Fri, 30 Aug 2024 | AU$11.2b | AU$1.2b | -AU$2,634,272,000.00 | 135.9x | -4.3x | 9.6x |
| Sun, 28 Jul 2024 | AU$10.8b | AU$1.1b | -AU$2,510,572,000.00 | 99.5x | -4.3x | 9.9x |
| Tue, 25 Jun 2024 | AU$10.8b | AU$1.1b | -AU$2,510,572,000.00 | 105.7x | -4.3x | 9.9x |
| Thu, 23 May 2024 | AU$11.2b | AU$1.1b | -AU$2,510,572,000.00 | 105.7x | -4.5x | 10.4x |
| Sat, 20 Apr 2024 | AU$11.5b | AU$1.1b | -AU$2,549,377,000.00 | 105.7x | -4.5x | 10.3x |
| Mon, 18 Mar 2024 | AU$12.1b | AU$1.6b | -AU$2,549,377,000.00 | 106.5x | -4.7x | 7.6x |
| Wed, 14 Feb 2024 | AU$12.3b | AU$1.7b | -AU$1,600,892,000.00 | 284.2x | -7.7x | 7.3x |
| Fri, 12 Jan 2024 | AU$12.0b | AU$1.7b | -AU$1,567,021,000.00 | 286.3x | -7.7x | 7.1x |
| Sun, 10 Dec 2023 | AU$11.8b | AU$1.7b | -AU$1,567,021,000.00 | 273.2x | -7.5x | 6.9x |
| Tue, 07 Nov 2023 | AU$10.9b | AU$1.7b | -AU$1,567,021,000.00 | 238.3x | -7x | 6.4x |
| Thu, 05 Oct 2023 | AU$11.4b | AU$1.7b | -AU$1,567,021,000.00 | 229.5x | -7.3x | 6.7x |
| Sat, 02 Sep 2023 | AU$12.4b | AU$1.7b | -AU$1,567,021,000.00 | 275.4x | -7.9x | 7.3x |
| Mon, 31 Jul 2023 | AU$12.2b | AU$2.1b | AU$829.4m | 25.5x | 14.7x | 5.7x |
| Wed, 28 Jun 2023 | AU$11.8b | AU$2.1b | AU$909.4m | 20.1x | 13x | 5.6x |
| Fri, 26 May 2023 | AU$12.1b | AU$2.1b | AU$909.4m | 20.7x | 13.4x | 5.7x |
| Sun, 23 Apr 2023 | AU$11.8b | AU$2.1b | AU$909.4m | 21x | 13x | 5.6x |
| Tue, 21 Mar 2023 | AU$12.1b | AU$2.1b | AU$909.4m | 21.7x | 13.3x | 5.7x |
| Thu, 16 Feb 2023 | AU$13.3b | AU$2.6b | AU$2.0b | 6.6x | 6.7x | 5.2x |
| Sat, 14 Jan 2023 | AU$12.7b | AU$2.6b | AU$2.1b | 6.8x | 5.9x | 4.9x |
| Mon, 12 Dec 2022 | AU$12.6b | AU$2.6b | AU$2.1b | 6.8x | 5.9x | 4.9x |
| Wed, 09 Nov 2022 | AU$12.0b | AU$2.6b | AU$2.1b | 6.7x | 5.6x | 4.7x |
| Fri, 07 Oct 2022 | AU$12.6b | AU$2.6b | AU$2.1b | 6.7x | 5.9x | 4.9x |
| Sun, 04 Sep 2022 | AU$13.6b | AU$2.6b | AU$2.1b | 7.2x | 6.4x | 5.3x |
| Tue, 02 Aug 2022 | AU$15.1b | AU$2.5b | AU$2.0b | 8.3x | 7.4x | 5.9x |
| Thu, 30 Jun 2022 | AU$14.3b | AU$2.5b | AU$2.0b | 7.7x | 7x | 5.6x |
| Sat, 28 May 2022 | AU$16.1b | AU$2.5b | AU$2.0b | 8.6x | 7.9x | 6.3x |
Price to Earnings Ratio
7.9x
Current Industry PE
- Investors are relatively neutral on the Australian Office REITs industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PS ratio of 7.5x.
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 19% per year, which is driving profits down.
Industry Comparison
How does Australian Office REITs compare with similar industries?
| AU Market | 0.83% | |
| Real Estate | 1.23% | |
| REITS | -0.032% | |
| Office REITs | -3.25% | |
| Industrial REITs | 2.96% | |
| Healthcare REITs | 1.81% | |
| Retail REITs | 1.43% | |
| Residential REITs | 1.26% | |
| Hotel and Resort REITs | 0% | 0 |
| Diversified REITs | -0.032% | |
| Specialized REITs | -1.03% | |
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 | |
|---|---|---|---|---|---|
| AOF Australian Unity Office Fund | AU$0.48 | 1.0% +AU$821.9k | -62.3% | PB0.4x |