Narrative Update • May 24
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Australian (ASX) REITS Industry Analysis
UpdatedJun 01, 2026
DataAggregated Company Financials
Companies11
- 7D3.0%
- 3M-10.6%
- 1Y-10.0%
- YTD-17.9%
Over the last 7 days, the REITS industry has risen 3.0%, driven by gains from Charter Hall Group of 5.4%. In contrast, the industry has lost 10% in the last 12 months. As for the next few years, earnings are expected to grow by 7.4% per annum.
Industry Valuation and Performance
Has the Australian REITS Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 01 Jun 2026 | AU$42.9b | AU$9.7b | AU$2.8b | 17.3x | 15.1x | 4.4x |
| Wed, 29 Apr 2026 | AU$42.1b | AU$9.7b | AU$2.8b | 17.4x | 14.8x | 4.4x |
| Fri, 27 Mar 2026 | AU$42.3b | AU$9.7b | AU$2.8b | 18.3x | 14.9x | 4.4x |
| Sun, 22 Feb 2026 | AU$48.1b | AU$9.7b | AU$2.7b | 17.2x | 17.6x | 4.9x |
| Tue, 20 Jan 2026 | AU$51.6b | AU$9.0b | AU$1.6b | 26.2x | 32.4x | 5.7x |
| Thu, 18 Dec 2025 | AU$53.2b | AU$9.0b | AU$1.6b | 26.3x | 33.4x | 5.9x |
| Sat, 15 Nov 2025 | AU$52.9b | AU$9.0b | AU$1.6b | 26.2x | 33.2x | 5.9x |
| Mon, 13 Oct 2025 | AU$53.4b | AU$9.0b | AU$1.6b | 26.4x | 33.5x | 5.9x |
| Wed, 10 Sep 2025 | AU$54.2b | AU$9.0b | AU$1.6b | 27.3x | 34x | 6x |
| Fri, 08 Aug 2025 | AU$50.4b | AU$8.9b | -AU$501,298,000.00 | 23.6x | -100.6x | 5.6x |
| Sun, 06 Jul 2025 | AU$48.9b | AU$8.9b | -AU$822,984,000.00 | 18.3x | -59.5x | 5.5x |
| Tue, 03 Jun 2025 | AU$47.6b | AU$8.9b | -AU$822,984,000.00 | 16.8x | -57.8x | 5.4x |
| Thu, 01 May 2025 | AU$46.0b | AU$8.9b | -AU$822,984,000.00 | 15x | -55.9x | 5.2x |
| Sat, 29 Mar 2025 | AU$43.5b | AU$8.9b | -AU$822,984,000.00 | 14.5x | -52.9x | 4.9x |
| Mon, 24 Feb 2025 | AU$45.1b | AU$8.7b | -AU$864,662,000.00 | 19.8x | -52.2x | 5.2x |
| Wed, 22 Jan 2025 | AU$43.1b | AU$8.6b | -AU$1,906,271,000.00 | 21.5x | -22.6x | 5x |
| Fri, 20 Dec 2024 | AU$41.7b | AU$8.6b | -AU$1,906,271,000.00 | 20.7x | -21.9x | 4.9x |
| Sun, 17 Nov 2024 | AU$44.0b | AU$8.6b | -AU$1,906,271,000.00 | 20.4x | -23.1x | 5.1x |
| Tue, 15 Oct 2024 | AU$46.1b | AU$8.6b | -AU$1,906,271,000.00 | 22.4x | -24.2x | 5.4x |
| Thu, 12 Sep 2024 | AU$45.4b | AU$8.6b | -AU$1,906,271,000.00 | 20.5x | -23.8x | 5.3x |
| Sat, 10 Aug 2024 | AU$39.6b | AU$8.3b | -AU$1,481,528,000.00 | 44.7x | -26.7x | 4.8x |
| Mon, 08 Jul 2024 | AU$36.8b | AU$7.5b | -AU$1,335,063,000.00 | 42.2x | -27.5x | 4.9x |
| Wed, 05 Jun 2024 | AU$39.2b | AU$7.5b | -AU$1,335,063,000.00 | 45x | -29.4x | 5.3x |
| Fri, 03 May 2024 | AU$38.5b | AU$7.5b | -AU$1,335,063,000.00 | 43.6x | -28.8x | 5.2x |
| Sun, 31 Mar 2024 | AU$43.2b | AU$7.5b | -AU$1,335,063,000.00 | 48x | -32.4x | 5.8x |
| Tue, 27 Feb 2024 | AU$40.0b | AU$7.5b | -AU$1,332,434,000.00 | 44.7x | -30x | 5.3x |
| Thu, 25 Jan 2024 | AU$39.3b | AU$7.6b | AU$8.6m | 21x | 4594.2x | 5.2x |
| Sat, 23 Dec 2023 | AU$40.3b | AU$7.6b | AU$8.6m | 21.2x | 4702.9x | 5.3x |
| Mon, 20 Nov 2023 | AU$37.0b | AU$7.6b | AU$8.6m | 20x | 4317.4x | 4.9x |
| Wed, 18 Oct 2023 | AU$35.1b | AU$7.6b | AU$8.6m | 19.5x | 4095.9x | 4.6x |
| Fri, 15 Sep 2023 | AU$37.9b | AU$7.6b | AU$8.6m | 20x | 4420.7x | 5x |
| Sun, 13 Aug 2023 | AU$39.2b | AU$8.0b | AU$2.5b | 13.8x | 15.8x | 4.9x |
| Tue, 11 Jul 2023 | AU$40.6b | AU$8.6b | AU$3.4b | 9.6x | 11.9x | 4.7x |
| Thu, 08 Jun 2023 | AU$42.9b | AU$8.6b | AU$3.4b | 10.2x | 12.6x | 5x |
Price to Earnings Ratio
12.6x
Current Industry PE
- Investors are pessimistic on the Australian REITs industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 15.1x which is lower than its 3-year average PE of 645x.
- The 3-year average PS ratio of 5.2x is higher than the industry's current PS ratio of 4.4x.
Past Earnings Growth
- The earnings for companies in the REITs industry have declined 5.9% per year over the last three years.
- Meanwhile revenues for these companies have grown 4.0% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Australian Real Estate industry?
| AU Market | 0.98% | |
| Real Estate | 2.25% | |
| REITS | 3.00% | |
| Healthcare REITs | 12.88% | |
| Industrial REITs | 4.42% | |
| Diversified REITs | 3.00% | |
| Retail REITs | 0.78% | |
| Hotel and Resort REITs | 0% | 0 |
| Residential REITs | -0.038% | |
| Specialized REITs | -0.66% | |
| Office REITs | -4.17% | |
Industry PE
- Investors are most optimistic about the Industrial REITs industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 18.4%, which is lower than the prior year's growth of 83.6% per year.
Forecasted Growth
- Analysts are most optimistic on the Healthcare REITs industry, expecting annual earnings growth of 100% over the next 5 years.
- In contrast, the Retail REITs industry is expected to see its earnings decline by 9.3% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| CHC Charter Hall Group | AU$20.38 | 5.4% +AU$496.5m | 12.2% | PB3.4x | |
| SGP Stockland | AU$4.10 | 3.3% +AU$315.4m | -24.9% | PB1x | |
| CNI Centuria Capital Group | AU$1.96 | 17.1% +AU$242.6m | 17.1% | PB2.2x | |
| GPT GPT Group | AU$4.85 | 1.5% +AU$134.1m | 1.0% | PB0.9x | |
| GOZ Growthpoint Properties Australia | AU$2.19 | 2.3% +AU$37.7m | -11.0% | PB0.7x |
