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Australian (ASX) Retail REITs Industry Analysis

UpdatedApr 04, 2026
DataAggregated Company Financials
Companies9
  • 7D0.3%
  • 3M-13.7%
  • 1Y1.7%
  • YTD-13.7%

The Retail REITs industry has been flat over the last week, but Charter Hall Retail REIT has lost 4.2%. In line with that, the industry has also been flat over the past 12 months. In the next few years, earnings are forecast to decline by 7.6% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 04 Apr 2026AU$40.9bAU$5.7bAU$4.7b8.3x8.6x7.2x
Mon, 02 Mar 2026AU$44.3bAU$5.7bAU$4.7b8.6x9.3x7.8x
Wed, 28 Jan 2026AU$45.7bAU$5.6bAU$3.6b11.4x12.7x8.1x
Fri, 26 Dec 2025AU$47.3bAU$5.6bAU$3.6b11.8x13.1x8.4x
Sun, 23 Nov 2025AU$45.5bAU$5.6bAU$3.6b11.3x12.7x8.1x
Tue, 21 Oct 2025AU$46.7bAU$5.6bAU$3.6b11.6x13x8.3x
Thu, 18 Sep 2025AU$46.2bAU$5.6bAU$3.6b11.5x12.8x8.2x
Sat, 16 Aug 2025AU$44.4bAU$5.5bAU$2.9b14.1x15.5x8.1x
Mon, 14 Jul 2025AU$43.0bAU$5.5bAU$2.8b13.6x15.2x7.8x
Wed, 11 Jun 2025AU$43.4bAU$5.5bAU$2.8b13.9x15.3x7.9x
Fri, 09 May 2025AU$43.6bAU$5.5bAU$2.8b13.7x15.4x7.9x
Sun, 06 Apr 2025AU$40.0bAU$5.5bAU$2.8b12.5x14.1x7.3x
Tue, 04 Mar 2025AU$39.3bAU$5.5bAU$2.8b12.3x13.9x7.2x
Thu, 30 Jan 2025AU$40.6bAU$5.4bAU$1.3b44.2x32.1x7.6x
Sat, 28 Dec 2024AU$39.7bAU$5.4bAU$1.3b42.7x31.4x7.4x
Mon, 25 Nov 2024AU$40.1bAU$5.4bAU$1.3b42.8x31.7x7.5x
Wed, 23 Oct 2024AU$40.9bAU$5.4bAU$1.3b43.1x32.3x7.6x
Fri, 20 Sep 2024AU$46.5bAU$5.5bAU$1.3b45.2x34.9x8.5x
Sun, 18 Aug 2024AU$42.9bAU$5.3bAU$765.1m55.4x56x8.1x
Tue, 16 Jul 2024AU$41.2bAU$5.2bAU$245.6m51.1x167.8x7.9x
Thu, 13 Jun 2024AU$39.2bAU$5.2bAU$245.6m48.6x159.6x7.5x
Sat, 11 May 2024AU$39.6bAU$5.3bAU$215.0m44.2x184.4x7.5x
Mon, 08 Apr 2024AU$40.7bAU$5.3bAU$215.0m42.5x189.1x7.7x
Wed, 06 Mar 2024AU$40.0bAU$5.3bAU$215.0m44.2x186.1x7.6x
Fri, 02 Feb 2024AU$38.8bAU$5.3bAU$295.8m38.5x131.3x7.3x
Sun, 31 Dec 2023AU$38.9bAU$5.3bAU$295.8m38.1x131.7x7.4x
Tue, 28 Nov 2023AU$33.7bAU$5.3bAU$295.8m34.5x114x6.4x
Thu, 26 Oct 2023AU$32.8bAU$5.3bAU$295.8m32.8x111x6.2x
Sat, 23 Sep 2023AU$33.9bAU$5.3bAU$295.8m34.5x114.7x6.4x
Mon, 21 Aug 2023AU$35.6bAU$5.3bAU$852.5m33.6x41.7x6.7x
Wed, 19 Jul 2023AU$36.7bAU$5.4bAU$2.3b10.5x16x6.9x
Fri, 16 Jun 2023AU$35.7bAU$5.4bAU$2.3b10.3x15.6x6.7x
Sun, 14 May 2023AU$38.1bAU$5.4bAU$2.3b11.2x16.7x7.1x
Tue, 11 Apr 2023AU$36.7bAU$5.4bAU$2.3b10.9x16x6.8x
Price to Earnings Ratio

16x


Total Market Cap: AU$36.7bTotal Earnings: AU$2.3bTotal Revenue: AU$5.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Retail REITs Industry Price to Earnings3Y Average 64.8x202420252026
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 8.6x which is lower than its 3-year average PE of 64.8x.
  • The industry is trading close to its 3-year average PS ratio of 7.5x.
Past Earnings Growth
  • The earnings for companies in the Retail REITs industry have grown 27% 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.

Industry Trends

Which industries have driven the changes within the Australian Real Estate industry?

AU Market0.63%
Real Estate-0.23%
Retail REITs0.32%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
VCX Vicinity CentresAU$2.381.3%
+AU$139.2m		6.7%PB0.9x
RGN Region GroupAU$2.252.7%
+AU$67.9m		2.7%PB0.9x
SCG Scentre GroupAU$3.370.3%
+AU$52.2m		-0.9%PB0.9x
HDN HomeCo Daily Needs REITAU$1.211.3%
+AU$31.3m		-2.0%PB0.8x
CDP Carindale Property TrustAU$5.380.6%
+AU$2.5m		13.7%PB0.8x

Latest News

HDN
AU$1.21
HomeCo Daily Needs REIT
7D
1.3%
1Y
-2.0%
SCG
AU$3.37
Scentre Group
7D
0.3%
1Y
-0.9%

SCG: Distribution Guidance And Income Visibility Will Support Upside Potential

Analysts have trimmed their price target on Scentre Group slightly, with fair value moving from A$4.18 to A$4.13 as small adjustments to the discount rate, revenue outlook and future P/E assumptions flow through their models. Analyst Commentary Analysts are using the modest shift in fair value to refine how they think about Scentre Group’s valuation support and execution risks rather than to mark a major change in view.
CQR
AU$3.68
Charter Hall Retail REIT
7D
-4.2%
1Y
1.7%
DXC
AU$2.62
Dexus Convenience Retail REIT
7D
-3.7%
1Y
-8.1%
WPR
AU$2.38
Waypoint REIT
7D
-0.4%
1Y
-1.2%
VCX
AU$2.38
Vicinity Centres
7D
1.3%
1Y
6.7%

VCX: Balance Sheet Strength And Inorganic Options Will Underpin Cautious Fair Value Outlook

Analysts have trimmed their price target for Vicinity Centres slightly from A$2.60 to about A$2.58, citing a cautious consumer outlook while also highlighting the company’s balance sheet strength and the potential for FFO accretive inorganic growth as key supports for the revised view. Analyst Commentary Bullish Takeaways Bullish analysts point to the upgrade in rating alongside a higher price target to A$2.34 as a signal that current valuation already reflects a fair amount of caution on the consumer outlook.
RGN
AU$2.25
Region Group
7D
2.7%
1Y
2.7%
CDP
AU$5.38
Carindale Property Trust
7D
0.6%
1Y
13.7%
BWP
AU$3.63
BWP Trust
7D
-1.9%
1Y
2.8%