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Australian (ASX) REITS Industry Analysis

UpdatedJun 10, 2026
DataAggregated Company Financials
Companies11
  • 7D3.2%
  • 3M-4.8%
  • 1Y-12.9%
  • YTD-18.6%

The REITS industry is up 3.2% in the last week, with Charter Hall Group up 5.2%. In contrast, the industry has lost 13% in the last 12 months. 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
Wed, 10 Jun 2026AU$42.6bAU$9.7bAU$2.8b17.2x14.9x4.4x
Fri, 08 May 2026AU$42.5bAU$9.7bAU$2.8b17.5x14.9x4.4x
Sun, 05 Apr 2026AU$40.8bAU$9.7bAU$2.8b17.2x14.3x4.2x
Tue, 03 Mar 2026AU$48.5bAU$9.7bAU$2.9b22x16.8x5x
Thu, 29 Jan 2026AU$49.9bAU$9.0bAU$1.6b25.1x31.3x5.5x
Sat, 27 Dec 2025AU$53.1bAU$9.0bAU$1.6b26.9x33.3x5.9x
Mon, 24 Nov 2025AU$54.1bAU$9.0bAU$1.6b26.3x33.9x6x
Wed, 22 Oct 2025AU$55.5bAU$9.0bAU$1.6b26.9x34.8x6.2x
Fri, 19 Sep 2025AU$53.9bAU$9.0bAU$1.6b27.2x33.8x6x
Sun, 17 Aug 2025AU$51.3bAU$8.6bAU$321.6m25.4x159.5x6x
Tue, 15 Jul 2025AU$47.9bAU$8.9b-AU$822,984,000.0018.3x-58.2x5.4x
Thu, 12 Jun 2025AU$49.5bAU$8.9b-AU$822,984,000.0018x-60.1x5.6x
Sat, 10 May 2025AU$47.8bAU$8.9b-AU$822,984,000.0016x-58.1x5.4x
Mon, 07 Apr 2025AU$43.3bAU$8.9b-AU$822,984,000.0014.8x-52.6x4.9x
Wed, 05 Mar 2025AU$44.6bAU$8.9b-AU$823,284,000.0014.3x-54.1x5x
Fri, 31 Jan 2025AU$43.2bAU$8.6b-AU$1,906,271,000.0020.2x-22.7x5x
Sun, 29 Dec 2024AU$43.0bAU$8.6b-AU$1,906,271,000.0021.1x-22.5x5x
Tue, 26 Nov 2024AU$44.8bAU$8.6b-AU$1,906,271,000.0022.1x-23.5x5.2x
Thu, 24 Oct 2024AU$45.5bAU$8.6b-AU$1,906,271,000.0021.9x-23.9x5.3x
Sat, 21 Sep 2024AU$46.8bAU$8.6b-AU$1,906,271,000.0023.6x-24.6x5.5x
Mon, 19 Aug 2024AU$40.6bAU$8.2b-AU$1,483,896,000.0045.9x-27.3x4.9x
Wed, 17 Jul 2024AU$40.6bAU$7.5b-AU$1,335,063,000.0045x-30.4x5.4x
Fri, 14 Jun 2024AU$38.6bAU$7.5b-AU$1,335,063,000.0044x-28.9x5.2x
Sun, 12 May 2024AU$39.8bAU$7.5b-AU$1,335,063,000.0045.2x-29.8x5.3x
Tue, 09 Apr 2024AU$42.1bAU$7.5b-AU$1,335,063,000.0046.8x-31.5x5.6x
Thu, 07 Mar 2024AU$40.3bAU$7.5b-AU$1,335,063,000.0045.1x-30.2x5.4x
Sat, 03 Feb 2024AU$40.9bAU$7.6bAU$8.6m21.4x4776.9x5.4x
Mon, 01 Jan 2024AU$40.4bAU$7.6bAU$8.6m21.2x4712.5x5.3x
Wed, 29 Nov 2023AU$36.1bAU$7.6bAU$8.6m20x4216.1x4.7x
Fri, 27 Oct 2023AU$32.6bAU$7.6bAU$8.6m18.8x3804.3x4.3x
Sun, 24 Sep 2023AU$36.2bAU$7.6bAU$8.6m19.7x4231.8x4.8x
Tue, 22 Aug 2023AU$38.6bAU$8.1bAU$996.0m9.9x38.7x4.8x
Thu, 20 Jul 2023AU$42.7bAU$8.6bAU$3.4b10x12.5x5x
Sat, 17 Jun 2023AU$41.6bAU$8.6bAU$3.4b9.8x12.2x4.8x
Price to Earnings Ratio

12.2x


Total Market Cap: AU$41.6bTotal 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 14.9x 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-1.58%
Real Estate0.95%
REITS3.16%
Diversified REITs3.16%
Office REITs2.71%
Retail REITs1.98%
Specialized REITs1.50%
Residential REITs1.15%
Hotel and Resort REITs0%0
Industrial REITs-1.16%
Healthcare REITs-3.60%
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?

CompanyLast Price7D1YValuation
CHC Charter Hall GroupAU$21.105.2%
+AU$491.8m		8.5%PB3.5x
GPT GPT GroupAU$4.823.0%
+AU$268.2m		-1.0%PB0.9x
MGR Mirvac GroupAU$1.683.4%
+AU$217.0m		-28.5%PB0.7x
SGP StocklandAU$3.861.8%
+AU$169.8m		-29.8%PB0.9x
CLW Charter Hall Long WALE REITAU$3.482.7%
+AU$64.4m		-17.5%PB0.7x

Latest News

CHC
AU$21.10
Charter Hall Group
7D
5.2%
1Y
8.5%
Narrative Update • Jun 08

CHC: Record Capital Inflows And Higher FY26 Guidance Will Support Upside Potential

Analysts have raised their price target for Charter Hall Group slightly to A$23.67 from A$23.47, reflecting updated assumptions around revenue growth, profit margins and future P/E multiples. What's in the News Charter Hall Group lifted its FY26 operating earnings per security guidance to A$1.03 from A$1.00, with management comparing this to FY25 operating earnings of 81.4 cents per security, based on company commentary reported on 24 May 2026.
CLW
AU$3.48
Charter Hall Long WALE REIT
7D
2.7%
1Y
-17.5%
Narrative Update • Jun 07

CLW: Long WALE Income And Stable Assumptions Will Support Future Returns

Analysts have maintained the fair value estimate for Charter Hall Long WALE REIT at A$3.89 per unit. They made only marginal adjustments to assumptions for the discount rate, revenue growth, profit margin and future P/E ratio, which together support the rationale for leaving the price target unchanged.
SGP
AU$3.86
Stockland
7D
1.8%
1Y
-29.8%
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$2.14
Growthpoint Properties Australia
7D
0.9%
1Y
-14.4%
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$2.01
Centuria Capital Group
7D
2.6%
1Y
16.5%
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$4.82
GPT Group
7D
3.0%
1Y
-1.0%
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.
REP
AU$0.45
RAM Essential Services Property Fund
7D
-3.3%
1Y
-22.6%
MGR
AU$1.68
Mirvac Group
7D
3.4%
1Y
-28.5%
APZ
AU$4.69
Aspen Group
7D
3.8%
1Y
24.7%