Australian (ASX) Specialized REITs Industry Analysis

Industry Valuation and Performance

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

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Fri, 29 May 2026	AU$6.3b	AU$809.4m	AU$494.9m	9.4x	12.7x	7.8x
Sun, 26 Apr 2026	AU$10.3b	AU$1.2b	AU$530.0m	11.6x	19.3x	8.4x
Tue, 24 Mar 2026	AU$9.7b	AU$1.2b	AU$530.0m	11x	18.3x	7.9x
Thu, 19 Feb 2026	AU$10.4b	AU$1.2b	AU$498.9m	12.4x	20.9x	8.5x
Sat, 17 Jan 2026	AU$10.9b	AU$1.2b	AU$398.6m	17.7x	27.2x	9.2x
Mon, 15 Dec 2025	AU$10.5b	AU$1.2b	AU$398.6m	17.3x	26.4x	8.9x
Wed, 12 Nov 2025	AU$9.9b	AU$1.2b	AU$398.6m	18.2x	24.9x	8.4x
Fri, 10 Oct 2025	AU$10.3b	AU$1.2b	AU$398.6m	18.9x	25.8x	8.7x
Sun, 07 Sep 2025	AU$10.6b	AU$1.2b	AU$398.6m	20.1x	26.5x	9x
Tue, 05 Aug 2025	AU$10.5b	AU$943.7m	AU$372.6m	19.7x	28.1x	11.1x
Thu, 03 Jul 2025	AU$10.4b	AU$943.7m	AU$372.6m	20.2x	28x	11x
Sat, 31 May 2025	AU$10.4b	AU$943.7m	AU$372.6m	20.2x	27.9x	11x
Mon, 28 Apr 2025	AU$9.6b	AU$943.7m	AU$372.6m	19.4x	25.7x	10.2x
Wed, 26 Mar 2025	AU$9.7b	AU$943.7m	AU$372.6m	19.3x	26.1x	10.3x
Fri, 21 Feb 2025	AU$10.6b	AU$933.8m	AU$414.5m	20.1x	25.5x	11.3x
Sun, 19 Jan 2025	AU$10.3b	AU$904.3m	AU$288.3m	18.8x	35.6x	11.4x
Tue, 17 Dec 2024	AU$7.9b	AU$904.3m	AU$288.3m	18.6x	27.4x	8.7x
Thu, 14 Nov 2024	AU$8.3b	AU$904.3m	AU$288.3m	19.6x	28.7x	9.2x
Sat, 12 Oct 2024	AU$8.5b	AU$904.3m	AU$288.3m	20.4x	29.6x	9.4x
Mon, 09 Sep 2024	AU$8.4b	AU$904.3m	AU$288.3m	19.9x	29.2x	9.3x
Wed, 07 Aug 2024	AU$8.1b	AU$847.2m	AU$202.9m	92.5x	39.9x	9.6x
Fri, 05 Jul 2024	AU$7.7b	AU$635.0m	AU$190.6m	59.9x	40.6x	12.2x
Sun, 02 Jun 2024	AU$7.6b	AU$635.0m	AU$190.6m	57.6x	40.1x	12x
Tue, 30 Apr 2024	AU$7.5b	AU$635.0m	AU$190.6m	56.1x	39.3x	11.8x
Thu, 28 Mar 2024	AU$8.0b	AU$635.0m	AU$190.6m	60.5x	42.2x	12.7x
Sat, 24 Feb 2024	AU$7.7b	AU$626.6m	AU$200.7m	56.6x	38.4x	12.3x
Mon, 22 Jan 2024	AU$7.4b	AU$619.9m	AU$282.2m	17.3x	26.3x	12x
Wed, 20 Dec 2023	AU$7.8b	AU$619.9m	AU$282.2m	18.2x	27.8x	12.6x
Fri, 17 Nov 2023	AU$7.4b	AU$619.9m	AU$282.2m	16.5x	26.2x	11.9x
Sun, 15 Oct 2023	AU$7.3b	AU$619.9m	AU$282.2m	16.2x	25.8x	11.7x
Tue, 12 Sep 2023	AU$7.7b	AU$619.9m	AU$282.2m	17.3x	27.2x	12.4x
Thu, 10 Aug 2023	AU$7.7b	AU$619.6m	AU$648.4m	6.1x	11.8x	12.4x
Sat, 08 Jul 2023	AU$6.1b	AU$619.6m	AU$648.4m	5.9x	9.4x	9.8x
Mon, 05 Jun 2023	AU$6.5b	AU$619.6m	AU$648.4m	6.2x	10.1x	10.5x

Current Industry PE

Investors are pessimistic on the Australian Specialized 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 12.7x which is lower than its 3-year average PE of 27.6x.

The 3-year average PS ratio of 10.5x is higher than the industry's current PS ratio of 7.8x.

Past Earnings Growth

The earnings for companies in the Specialized REITs industry have declined 8.6% per year over the last three years.
Meanwhile revenues for these companies have grown 9.3% 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	-0.25%
Real Estate	-0.41%
Specialized REITs	-1.45%
Data Center REITs	0.37%
Self-Storage REITs	-2.11%

Industry PE

Investors are most optimistic about the Self-Storage REITs industry even though it's trading below its 3-year average PE ratio of 61.1x.

Analysts are expecting annual earnings decline of 16.9%, which is lower than the prior year's growth of 42.2% per year.

Forecasted Growth

Analysts are most optimistic on the Data Center REITs industry, expecting annual earnings growth of 60% over the next 5 years.

In contrast, the Self-Storage REITs industry is expected to see its earnings decline by 17% per year over the next few years.

	Company	Last Price	7D	1Y	Valuation
	RFF Rural Funds Group	AU$1.99	0.5% +AU$3.9m	13.1%	PB0.7x

Company

Last Price

Valuation

RFF Rural Funds Group

AU$1.99

0.5%
+AU$3.9m

13.1%

PB0.7x

Abacus Group Reportedly Plans Sale of Stake In Abacus Storage King

Abacus Group (ASX:ABG)'s management internalisation deal with its listed satellite is barely dry and already the next chapter appears to be taking shape. Sources suggest Morgan Stanley, which advised Abacus Group on the internalisation, is working on a plan to sell down Abacus Group's almost 20% stake in the $1,840 million listed Abacus Storage King (ASX:ASK). They say the $300 million-plus deal could be imminent - and it is understood billionaire Nathan Kirsh will acquire half of the parcel while the remainder is to be placed with institutional investors. Mr. Kirsh, whose interests own about 40% of Abacus Storage King directly, would emerge from the transaction with a meaningfully larger foothold in the fund, consolidating his position as the dominant force in the business just as it begins its life as a fully internally managed REIT. The institutional placement of the remaining half would broaden the register and provide the liquidity that has at times eluded the stock since its 2023 listing. The logic behind Abacus Group's exit is straightforward enough. With the management agreement terminated, the fund has been cut loose to stand on its own feet. Abacus Group, which is now essentially an office and retail property owner comprising about 16 office assets worth $1,500 million and two retail properties worth about $419 million, has its own capital structure to tend to. Net proceeds from the internalisation are earmarked for debt repayment, reducing gearing from 34% to somewhere in the 15-20% range. Kirsh's decision to absorb half of Abacus Group's departing stake can reasonably be read as a vote of confidence in the fund's prospects under its new structure, and a further consolidation of his grip on a business he has long sought to reshape.

Australian (ASX) Specialized REITs Industry Analysis

Industry Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

Latest News

Abacus Group Reportedly Plans Sale of Stake In Abacus Storage King

DigiCo Infrastructure REIT to Sell Chicago Data Centre and Focus on Sydney Growth

Dividend of AU$0.048 announced

Dividend of AU$0.043 announced

Upcoming dividend of AU$0.029 per share