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Australian (ASX) Office REITs Industry Analysis
UpdatedApr 14, 2025
DataAggregated Company Financials
Companies7
- 7D-0.6%
- 3M4.1%
- 1Y-7.1%
- YTDn/a
Over the last 7 days, the Office REITs industry has remained flat, although notably Elanor Commercial Property Fund declined by 6.8%. Unfortunately though, the industry is down 7.1% over the past 12 months. 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 |
|---|---|---|---|---|---|---|
| Tue, 15 Apr 2025 | AU$10.9b | AU$1.4b | -AU$1,455,691,000.00 | 110.6x | -7.5x | 8x |
| Thu, 13 Mar 2025 | AU$11.3b | AU$1.4b | -AU$1,455,691,000.00 | 111.5x | -7.8x | 8.3x |
| Sat, 08 Feb 2025 | AU$11.4b | AU$1.0b | -AU$2,282,768,000.00 | 121.8x | -5x | 10.9x |
| Mon, 06 Jan 2025 | AU$10.8b | AU$1.0b | -AU$2,360,952,000.00 | 116.7x | -4.6x | 10.2x |
| Wed, 04 Dec 2024 | AU$11.2b | AU$1.0b | -AU$2,360,952,000.00 | 122.8x | -4.8x | 10.7x |
| Fri, 01 Nov 2024 | AU$11.3b | AU$1.0b | -AU$2,360,952,000.00 | 129x | -4.8x | 10.8x |
| Sun, 29 Sep 2024 | AU$11.9b | AU$1.1b | -AU$2,359,455,000.00 | 135.1x | -5x | 11.3x |
| Tue, 27 Aug 2024 | AU$11.3b | AU$1.2b | -AU$2,633,851,000.00 | 116.2x | -4.3x | 9.8x |
| Thu, 25 Jul 2024 | AU$10.7b | AU$1.1b | -AU$2,510,572,000.00 | 98.6x | -4.3x | 9.9x |
| Sat, 22 Jun 2024 | AU$10.7b | AU$1.1b | -AU$2,510,572,000.00 | 105.7x | -4.2x | 9.8x |
| Mon, 20 May 2024 | AU$11.2b | AU$1.1b | -AU$2,510,572,000.00 | 109.2x | -4.5x | 10.4x |
| Wed, 17 Apr 2024 | AU$11.7b | AU$1.1b | -AU$2,549,377,000.00 | 104.8x | -4.6x | 10.5x |
| Fri, 15 Mar 2024 | AU$12.0b | AU$1.6b | -AU$2,549,377,000.00 | 106.5x | -4.7x | 7.6x |
| Sun, 11 Feb 2024 | AU$12.3b | AU$1.7b | -AU$1,600,892,000.00 | 288.5x | -7.7x | 7.2x |
| Tue, 09 Jan 2024 | AU$11.9b | AU$1.7b | -AU$1,567,021,000.00 | 284.2x | -7.6x | 7x |
| Thu, 07 Dec 2023 | AU$11.6b | AU$1.7b | -AU$1,567,021,000.00 | 262.3x | -7.4x | 6.8x |
| Sat, 04 Nov 2023 | AU$10.9b | AU$1.7b | -AU$1,567,021,000.00 | 240.4x | -6.9x | 6.4x |
| Mon, 02 Oct 2023 | AU$11.4b | AU$1.7b | -AU$1,567,021,000.00 | 233.9x | -7.3x | 6.7x |
| Wed, 30 Aug 2023 | AU$12.3b | AU$1.8b | -AU$1,122,021,000.00 | 660.2x | -11x | 6.8x |
| Fri, 28 Jul 2023 | AU$12.3b | AU$2.1b | AU$909.4m | 20.3x | 13.6x | 5.8x |
| Sun, 25 Jun 2023 | AU$11.5b | AU$2.1b | AU$909.4m | 19.8x | 12.7x | 5.4x |
| Tue, 23 May 2023 | AU$12.2b | AU$2.1b | AU$909.4m | 20.4x | 13.4x | 5.8x |
| Thu, 20 Apr 2023 | AU$11.8b | AU$2.1b | AU$909.4m | 20.8x | 13x | 5.6x |
| Sat, 18 Mar 2023 | AU$12.1b | AU$2.1b | AU$909.4m | 21.7x | 13.3x | 5.7x |
| Mon, 13 Feb 2023 | AU$13.0b | AU$2.6b | AU$2.0b | 6.7x | 6.6x | 5.1x |
| Wed, 11 Jan 2023 | AU$12.3b | AU$2.6b | AU$2.1b | 6.7x | 5.8x | 4.8x |
| Fri, 09 Dec 2022 | AU$12.5b | AU$2.6b | AU$2.1b | 6.8x | 5.9x | 4.9x |
| Sun, 06 Nov 2022 | AU$12.1b | AU$2.6b | AU$2.1b | 6.8x | 5.7x | 4.7x |
| Tue, 04 Oct 2022 | AU$12.3b | AU$2.6b | AU$2.1b | 6.6x | 5.8x | 4.8x |
| Thu, 01 Sep 2022 | AU$13.9b | AU$2.6b | AU$2.1b | 7.4x | 6.5x | 5.4x |
| Sat, 30 Jul 2022 | AU$15.0b | AU$2.5b | AU$2.0b | 8.3x | 7.3x | 5.9x |
| Mon, 27 Jun 2022 | AU$14.7b | AU$2.5b | AU$2.0b | 7.9x | 7.2x | 5.8x |
| Wed, 25 May 2022 | AU$16.3b | AU$2.5b | AU$2.0b | 8.7x | 7.9x | 6.4x |
| Fri, 22 Apr 2022 | AU$17.1b | AU$2.5b | AU$2.0b | 8.5x | 8.3x | 6.7x |
Price to Earnings Ratio
8.3x
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 7.4x.
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 | 0.085% | |
| Real Estate | -0.50% | |
| REITS | -0.38% | |
| Office REITs | -0.60% | |
| Specialized REITs | 1.69% | |
| Hotel and Resort REITs | 0% | 0 |
| Diversified REITs | -0.38% | |
| Industrial REITs | -0.48% | |
| Residential REITs | -0.72% | |
| Retail REITs | -1.16% | |
| Healthcare REITs | -9.44% | |
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$7.11 | 2.2% +AU$160.9m | -2.6% | PB0.8x | |
| CMW Cromwell Property Group | AU$0.38 | 8.6% +AU$78.6m | -10.6% | PB0.7x | |
| ABG Abacus Group | AU$1.13 | 3.2% +AU$31.3m | -3.4% | PB0.6x | |
| COF Centuria Office REIT | AU$1.17 | 2.6% +AU$17.9m | -6.8% | PB0.7x | |
| AOF Australian Unity Office Fund | AU$0.87 | 0.6% +AU$821.9k | -29.0% | PB0.8x |