Australian (ASX) Retail REITs Industry Analysis

UpdatedSep 11, 2026

DataAggregated Company Financials

Companies9

7D-3.6%
3M-9.1%
1Y-12.6%
YTD-13.3%

Over the last 7 days, the Retail REITs industry has dropped 2.5%, driven by declines in Scentre Group and Vicinity Centres of 3.4% and 5.2%, respectively. Overall the industry is down 11% in 12 months. As for the next few years, earnings are forecast to decline by 7.3% per annum.

Industry Valuation and Performance

Has the Australian Retail REITs Industry valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Fri, 11 Sep 2026	AU$41.3b	AU$5.6b	AU$5.0b	8x	8.3x	7.4x
Sun, 09 Aug 2026	AU$46.6b	AU$5.7b	AU$4.8b	8.9x	9.7x	8.2x
Tue, 07 Jul 2026	AU$45.4b	AU$5.7b	AU$4.7b	8.5x	9.6x	8x
Thu, 04 Jun 2026	AU$42.4b	AU$5.7b	AU$4.7b	8.2x	9x	7.5x
Sat, 02 May 2026	AU$44.4b	AU$5.7b	AU$4.7b	8.6x	9.4x	7.8x
Mon, 30 Mar 2026	AU$40.7b	AU$5.7b	AU$4.7b	8.1x	8.6x	7.2x
Wed, 25 Feb 2026	AU$43.8b	AU$5.7b	AU$4.7b	8.6x	9.3x	7.6x
Fri, 23 Jan 2026	AU$46.4b	AU$5.6b	AU$3.6b	11.5x	12.9x	8.2x
Sun, 21 Dec 2025	AU$47.1b	AU$5.6b	AU$3.6b	11.7x	13.1x	8.4x
Tue, 18 Nov 2025	AU$46.1b	AU$5.6b	AU$3.6b	11.5x	12.8x	8.2x
Thu, 16 Oct 2025	AU$46.1b	AU$5.6b	AU$3.6b	11.5x	12.8x	8.2x
Sat, 13 Sep 2025	AU$47.3b	AU$5.6b	AU$3.6b	11.6x	13.1x	8.4x
Mon, 11 Aug 2025	AU$44.1b	AU$5.5b	AU$2.8b	14x	15.7x	8x
Wed, 09 Jul 2025	AU$43.3b	AU$5.5b	AU$2.8b	13.7x	15.3x	7.9x
Fri, 06 Jun 2025	AU$43.5b	AU$5.5b	AU$2.8b	13.7x	15.4x	7.9x
Sun, 04 May 2025	AU$42.4b	AU$5.5b	AU$2.8b	13.2x	15x	7.7x
Tue, 01 Apr 2025	AU$39.3b	AU$5.5b	AU$2.8b	12.4x	13.9x	7.2x
Thu, 27 Feb 2025	AU$40.0b	AU$5.5b	AU$2.0b	15.1x	19.6x	7.3x
Sat, 25 Jan 2025	AU$40.1b	AU$5.4b	AU$1.3b	43.8x	31.7x	7.5x
Mon, 23 Dec 2024	AU$38.7b	AU$5.4b	AU$1.3b	41.4x	30.6x	7.2x
Wed, 20 Nov 2024	AU$40.3b	AU$5.4b	AU$1.3b	42.8x	31.8x	7.5x
Fri, 18 Oct 2024	AU$41.5b	AU$5.4b	AU$1.3b	44.5x	32.8x	7.7x
Sun, 15 Sep 2024	AU$45.4b	AU$5.5b	AU$1.3b	45.1x	34.1x	8.3x
Tue, 13 Aug 2024	AU$42.2b	AU$5.2b	AU$250.5m	53.2x	168.4x	8x
Thu, 11 Jul 2024	AU$39.3b	AU$5.2b	AU$245.6m	49.5x	160.1x	7.5x
Sat, 08 Jun 2024	AU$40.2b	AU$5.2b	AU$245.6m	49.4x	163.7x	7.7x
Mon, 06 May 2024	AU$39.3b	AU$5.3b	AU$215.0m	41x	182.8x	7.4x
Wed, 03 Apr 2024	AU$42.1b	AU$5.3b	AU$215.0m	44.3x	195.8x	8x
Fri, 01 Mar 2024	AU$39.4b	AU$5.3b	AU$215.0m	44.3x	183.2x	7.5x
Sun, 28 Jan 2024	AU$37.7b	AU$5.3b	AU$295.8m	37.6x	127.5x	7.1x
Tue, 26 Dec 2023	AU$38.5b	AU$5.3b	AU$295.8m	37.4x	130.3x	7.3x
Thu, 23 Nov 2023	AU$34.2b	AU$5.3b	AU$295.8m	34.6x	115.5x	6.5x
Sat, 21 Oct 2023	AU$33.8b	AU$5.3b	AU$295.8m	33.6x	114.1x	6.4x
Mon, 18 Sep 2023	AU$35.5b	AU$5.3b	AU$295.8m	36.1x	120.1x	6.7x

Price to Earnings Ratio

120.1x

Mon, 18 Sep 2023

Current Industry PE

Investors are pessimistic on the Australian Retail 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 8.3x which is lower than its 3-year average PE of 62.1x.

The industry is trading close to its 3-year average PS ratio of 7.6x.

Past Earnings Growth

The earnings for companies in the Retail REITs industry have grown 157% per year over the last three years, while revenues have remained mostly flat.
This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.