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Australian (ASX) REITS Industry Analysis

UpdatedJun 05, 2026
DataAggregated Company Financials
Companies11
  • 7D-1.7%
  • 3M-9.6%
  • 1Y-14.8%
  • YTD-20.7%

Over the last 7 days, the REITS industry has dropped 3.2%, driven by Stockland declining 6.0%. However, the industry is down 15% over the past year. As for the next few years, earnings are expected to grow by 7.5% per annum.

Industry Valuation and Performance

Has the Australian REITS Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 05 Jun 2026AU$41.4bAU$9.7bAU$2.8b16.9x14.6x4.3x
Sun, 03 May 2026AU$42.5bAU$9.7bAU$2.8b17.6x14.9x4.4x
Tue, 31 Mar 2026AU$41.6bAU$9.7bAU$2.8b17.5x14.6x4.3x
Thu, 26 Feb 2026AU$47.6bAU$9.7bAU$2.9b20.5x16.5x4.9x
Sat, 24 Jan 2026AU$50.4bAU$9.0bAU$1.6b25.3x31.6x5.6x
Mon, 22 Dec 2025AU$53.8bAU$9.0bAU$1.6b26.8x33.7x6x
Wed, 19 Nov 2025AU$53.3bAU$9.0bAU$1.6b26.3x33.4x5.9x
Fri, 17 Oct 2025AU$54.7bAU$9.0bAU$1.6b26.7x34.3x6.1x
Sun, 14 Sep 2025AU$54.9bAU$9.0bAU$1.6b27.7x34.4x6.1x
Tue, 12 Aug 2025AU$50.9bAU$8.9b-AU$501,298,000.0023.6x-101.5x5.7x
Thu, 10 Jul 2025AU$47.9bAU$8.9b-AU$822,984,000.0018x-58.2x5.4x
Sat, 07 Jun 2025AU$48.4bAU$8.9b-AU$822,984,000.0017.7x-58.8x5.5x
Mon, 05 May 2025AU$46.8bAU$8.9b-AU$822,984,000.0015.4x-56.9x5.3x
Wed, 02 Apr 2025AU$43.7bAU$8.9b-AU$822,984,000.0014.7x-53.1x4.9x
Fri, 28 Feb 2025AU$44.5bAU$8.7b-AU$864,662,000.0018.7x-51.4x5.1x
Sun, 26 Jan 2025AU$42.6bAU$8.6b-AU$1,906,271,000.0020.7x-22.3x5x
Tue, 24 Dec 2024AU$42.4bAU$8.6b-AU$1,906,271,000.0020.9x-22.3x4.9x
Thu, 21 Nov 2024AU$43.8bAU$8.6b-AU$1,906,271,000.0021.3x-23x5.1x
Sat, 19 Oct 2024AU$46.2bAU$8.6b-AU$1,906,271,000.0022.2x-24.2x5.4x
Mon, 16 Sep 2024AU$46.2bAU$8.6b-AU$1,906,271,000.0021.1x-24.2x5.4x
Wed, 14 Aug 2024AU$39.4bAU$8.2b-AU$1,481,528,000.0044.1x-26.6x4.8x
Fri, 12 Jul 2024AU$37.8bAU$7.5b-AU$1,335,063,000.0043.1x-28.3x5.1x
Sun, 09 Jun 2024AU$39.8bAU$7.5b-AU$1,335,063,000.0045.4x-29.8x5.3x
Tue, 07 May 2024AU$38.8bAU$7.5b-AU$1,335,063,000.0044x-29.1x5.2x
Thu, 04 Apr 2024AU$41.4bAU$7.5b-AU$1,335,063,000.0046.4x-31x5.6x
Sat, 02 Mar 2024AU$40.2bAU$7.5b-AU$1,330,346,000.0045.1x-30.3x5.4x
Mon, 29 Jan 2024AU$39.0bAU$7.6bAU$8.6m20.9x4557.1x5.1x
Wed, 27 Dec 2023AU$40.3bAU$7.6bAU$8.6m21.2x4702.9x5.3x
Fri, 24 Nov 2023AU$36.1bAU$7.6bAU$8.6m20x4211.3x4.7x
Sun, 22 Oct 2023AU$34.3bAU$7.6bAU$8.6m19.2x4000.4x4.5x
Tue, 19 Sep 2023AU$37.8bAU$7.6bAU$8.6m20x4413.2x5x
Thu, 17 Aug 2023AU$39.0bAU$8.1bAU$1.2b9.9x31.9x4.8x
Sat, 15 Jul 2023AU$43.0bAU$8.6bAU$3.4b10.2x12.6x5x
Mon, 12 Jun 2023AU$41.3bAU$8.6bAU$3.4b9.8x12.1x4.8x
Price to Earnings Ratio

12.1x


Total Market Cap: AU$41.3bTotal Earnings: AU$3.4bTotal Revenue: AU$8.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian REITS Industry Price to Earnings3Y Average 644.7x202420252026
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 14.4x 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 4.2x.
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 Market1.08%
Real Estate-0.98%
REITS-1.71%
Industrial REITs1.30%
Hotel and Resort REITs0%0
Residential REITs-0.53%
Diversified REITs-1.71%
Retail REITs-1.89%
Specialized REITs-1.94%
Healthcare REITs-6.94%
Office REITs-7.09%
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 9.4% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
CHC Charter Hall GroupAU$20.173.7%
+AU$340.5m		4.8%PB3.3x
CNI Centuria Capital GroupAU$1.993.4%
+AU$55.3m		15.1%PB2.3x
APW Aims Property Securities FundAU$3.430.6%
+AU$890.4k		14.7%PB0.7x

Latest News

GPT
AU$4.68
GPT Group
7D
-3.1%
1Y
-4.7%
Narrative Update • Jun 01

GPT: Execution On Developments And Leasing Will Support Future Repricing

Analysts have trimmed their GPT Group price target to A$5.41, reflecting slightly lower discount rate and future P/E assumptions following recent research, including a downgrade at Jefferies. Analyst Commentary Recent commentary around GPT Group has focused on how current pricing lines up with earnings expectations and execution risks on upcoming projects.
CHC
AU$20.17
Charter Hall Group
7D
3.7%
1Y
4.8%
CNI
AU$1.99
Centuria Capital Group
7D
3.4%
1Y
15.1%
CLW
AU$3.38
Charter Hall Long WALE REIT
7D
-1.7%
1Y
-19.5%
Narrative Update • May 24

CLW: Long WALE Income And Discount Rate Assumptions Will Shape Future Returns

Analysts have trimmed their price target for Charter Hall Long WALE REIT to A$3.89 from A$3.93, reflecting a slightly higher discount rate assumption and minor tweaks to assumptions about long term revenue growth, profit margin and future P/E expectations. Analyst Commentary Analysts are using the small reduction in the A$3.89 price target as a way to fine tune how they see valuation risk and execution quality for Charter Hall Long WALE REIT rather than as a signal of a fundamental shift in the story.
GOZ
AU$2.13
Growthpoint Properties Australia
7D
-1.4%
1Y
-14.8%
New Narrative • May 22

Office Leasing Headwinds And Incentive Pressures Will Shape Future Earnings Profile

Catalysts About Growthpoint Properties Australia Growthpoint Properties Australia owns and manages office and industrial real estate in Australia and operates a funds management platform across these sectors. What are the underlying business or industry changes driving this perspective?
SGP
AU$3.79
Stockland
7D
-6.0%
1Y
-31.1%
Narrative Update • May 19

SGP: Confirmed 2025 Distribution Will Support Upside Under Slightly Firmer Risk Settings

Analysts have trimmed their Stockland price target slightly from A$4.99 to A$4.97, reflecting a modest recalibration of fair value, discount rate, growth and margin assumptions, while also incorporating a marginally higher future P/E multiple. Analyst Commentary Analysts’ latest work on Stockland indicates that the small shift in the price target sits within a broader debate about how much credit to give the group for execution, capital allocation and earnings resilience, especially in a mixed macro backdrop for property and interest rates.
APW
AU$3.43
Aims Property Securities Fund
7D
0.6%
1Y
14.7%
REP
AU$0.46
RAM Essential Services Property Fund
7D
-1.1%
1Y
-19.3%
MGR
AU$1.65
Mirvac Group
7D
-2.1%
1Y
-28.8%
APZ
AU$4.61
Aspen Group
7D
-4.0%
1Y
28.4%