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Australian (ASX) REITS Industry Analysis

UpdatedJun 13, 2026
DataAggregated Company Financials
Companies11
  • 7D8.9%
  • 3M4.7%
  • 1Y-7.5%
  • YTD-12.7%

Charter Hall Group is up 12%, leading the way for the REITS industry, which has gained 8.9%. However, the industry is down 7.5% over the past year. As for the next few years, earnings are expected to grow by 7.6% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 13 Jun 2026AU$45.6bAU$9.7bAU$2.8b18.3x16x4.7x
Mon, 11 May 2026AU$41.8bAU$9.7bAU$2.8b17.6x14.7x4.3x
Wed, 08 Apr 2026AU$40.6bAU$9.7bAU$2.8b17.2x14.3x4.2x
Fri, 06 Mar 2026AU$46.4bAU$9.7bAU$2.8b20.9x16.3x4.8x
Sun, 01 Feb 2026AU$49.8bAU$9.0bAU$1.6b25.2x31.2x5.5x
Tue, 30 Dec 2025AU$53.0bAU$9.0bAU$1.6b26.6x33.2x5.9x
Thu, 27 Nov 2025AU$54.8bAU$9.0bAU$1.6b26.7x34.3x6.1x
Sat, 25 Oct 2025AU$56.1bAU$9.0bAU$1.6b27.5x35.2x6.2x
Mon, 22 Sep 2025AU$54.3bAU$9.0bAU$1.6b27.4x34.1x6x
Wed, 20 Aug 2025AU$52.1bAU$8.7bAU$852.7m27.5x61.1x6x
Fri, 18 Jul 2025AU$48.8bAU$8.9b-AU$822,984,000.0018.3x-59.3x5.5x
Sun, 15 Jun 2025AU$49.2bAU$8.9b-AU$822,984,000.0017.5x-59.7x5.5x
Tue, 13 May 2025AU$47.5bAU$8.9b-AU$822,984,000.0016x-57.8x5.4x
Thu, 10 Apr 2025AU$42.1bAU$8.9b-AU$822,984,000.0014x-51.2x4.7x
Sat, 08 Mar 2025AU$43.3bAU$8.9b-AU$823,284,000.0014.4x-52.6x4.9x
Mon, 03 Feb 2025AU$43.6bAU$8.6b-AU$1,906,271,000.0020.4x-22.9x5.1x
Wed, 01 Jan 2025AU$41.0bAU$8.6b-AU$1,906,271,000.0020.1x-21.5x4.8x
Fri, 29 Nov 2024AU$45.4bAU$8.6b-AU$1,906,271,000.0022.1x-23.8x5.3x
Sun, 27 Oct 2024AU$45.0bAU$8.6b-AU$1,906,271,000.0021.9x-23.6x5.2x
Tue, 24 Sep 2024AU$46.8bAU$8.6b-AU$1,906,271,000.0023.6x-24.6x5.5x
Thu, 22 Aug 2024AU$41.2bAU$8.3b-AU$2,013,909,000.0027.2x-20.5x5x
Sat, 20 Jul 2024AU$39.8bAU$7.5b-AU$1,335,063,000.0044.6x-29.8x5.3x
Mon, 17 Jun 2024AU$38.2bAU$7.5b-AU$1,335,063,000.0043.9x-28.6x5.1x
Wed, 15 May 2024AU$39.4bAU$7.5b-AU$1,335,063,000.0044.9x-29.5x5.3x
Fri, 12 Apr 2024AU$40.9bAU$7.5b-AU$1,335,063,000.0045.7x-30.6x5.5x
Sun, 10 Mar 2024AU$41.4bAU$7.5b-AU$1,335,063,000.0046.6x-31x5.6x
Tue, 06 Feb 2024AU$40.1bAU$7.6bAU$4.8m24.4x8369.3x5.3x
Thu, 04 Jan 2024AU$39.1bAU$7.6bAU$8.6m20.9x4561.7x5.1x
Sat, 02 Dec 2023AU$36.8bAU$7.6bAU$8.6m20.2x4297.2x4.8x
Mon, 30 Oct 2023AU$32.7bAU$7.6bAU$8.6m18.8x3816.6x4.3x
Wed, 27 Sep 2023AU$36.1bAU$7.6bAU$8.6m19.8x4217.9x4.7x
Fri, 25 Aug 2023AU$38.9bAU$7.5bAU$136.8m20.6x284x5.2x
Sun, 23 Jul 2023AU$42.2bAU$8.6bAU$3.4b9.9x12.4x4.9x
Tue, 20 Jun 2023AU$42.1bAU$8.6bAU$3.4b9.9x12.3x4.9x
Price to Earnings Ratio

12.3x


Total Market Cap: AU$42.1bTotal 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 16.0x which is lower than its 3-year average PE of 645x.
  • The industry is trading close to its 3-year average PS ratio of 5.2x.
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 Market1.68%
Real Estate4.62%
REITS8.85%
Residential REITs10.02%
Diversified REITs8.85%
Office REITs6.61%
Retail REITs5.79%
Specialized REITs5.19%
Healthcare REITs3.68%
Industrial REITs1.53%
Hotel and Resort REITs0%0
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$22.7411.5%
+AU$1.1b		17.9%PB3.8x
SGP StocklandAU$4.2310.4%
+AU$970.4m		-24.6%PB1x
GPT GPT GroupAU$5.117.8%
+AU$708.8m		3.2%PB0.9x
MGR Mirvac GroupAU$1.776.0%
+AU$394.6m		-25.3%PB0.8x
CLW Charter Hall Long WALE REITAU$3.749.7%
+AU$237.3m		-12.8%PB0.8x

Latest News

CLW
AU$3.74
Charter Hall Long WALE REIT
7D
9.7%
1Y
-12.8%
CHC
AU$22.74
Charter Hall Group
7D
11.5%
1Y
17.9%
SGP
AU$4.23
Stockland
7D
10.4%
1Y
-24.6%
Narrative Update • Jun 06

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

Analysts have maintained their A$4.97 fair value estimate for Stockland, with only minor tweaks to the discount rate, profit margin, and future P/E assumptions guiding a steady price target outlook. What's in the News No recent company specific news items for Stockland were provided in the supplied sources.
GOZ
AU$2.28
Growthpoint Properties Australia
7D
6.5%
1Y
-9.5%
New Narrative • Jun 05

High Occupancy, Long Leases And Sustainability Credentials Will Support Stronger Future Earnings Stability

Catalysts About Growthpoint Properties Australia Growthpoint Properties Australia owns and manages office and industrial real estate across Australia and operates a funds management platform focused on these sectors and retail. What are the underlying business or industry changes driving this perspective?
CNI
AU$2.12
Centuria Capital Group
7D
6.3%
1Y
24.3%
Narrative Update • Jun 05

CNI: Lower Discount Rate And Modest Revenue Outlook Will Shape Returns

Narrative Update The analyst price target for Centuria Capital Group has been raised by A$0.01 to A$2.11. Analysts point to a lower discount rate, a shift from a revenue decline to modest growth expectations, and a slightly lower projected profit margin and P/E multiple as the key drivers of this adjustment.
GPT
AU$5.11
GPT Group
7D
7.8%
1Y
3.2%
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.
TOT
AU$0.43
360 Capital REIT
7D
-1.1%
1Y
8.9%
REP
AU$0.45
RAM Essential Services Property Fund
7D
-1.1%
1Y
-19.6%
MGR
AU$1.77
Mirvac Group
7D
6.0%
1Y
-25.3%
APZ
AU$5.05
Aspen Group
7D
7.0%
1Y
38.4%