Australian (ASX) Office REITs Industry Analysis
UpdatedMay 08, 2024
DataAggregated Company Financials
Companies7
- 7D-0.4%
- 3M-4.1%
- 1Y-21.4%
- YTD-5.6%
In the last week, Office REITs has been flat. Unfortunately though, the industry is down 21% over the past 12 months. Earnings are forecast to grow by 64% annually.
Industry Valuation and Performance
Has the Australian Office REITs Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 08 May 2024 | AU$11.2b | AU$1.1b | -AU$2,510,572,000.00 | 108.3x | -4.4x | 10.3x |
| Fri, 05 Apr 2024 | AU$12.2b | AU$1.1b | -AU$2,549,377,000.00 | 106.5x | -4.8x | 10.9x |
| Sun, 03 Mar 2024 | AU$11.6b | AU$1.6b | -AU$2,549,377,000.00 | 106.5x | -4.5x | 7.3x |
| Tue, 30 Jan 2024 | AU$11.9b | AU$1.7b | -AU$1,567,021,000.00 | 286.3x | -7.6x | 7x |
| Thu, 28 Dec 2023 | AU$12.4b | AU$1.7b | -AU$1,567,021,000.00 | 284.2x | -7.9x | 7.3x |
| Sat, 25 Nov 2023 | AU$11.1b | AU$1.7b | -AU$1,567,021,000.00 | 240.4x | -7.1x | 6.6x |
| Mon, 23 Oct 2023 | AU$10.9b | AU$1.7b | -AU$1,567,021,000.00 | 233.9x | -7x | 6.4x |
| Wed, 20 Sep 2023 | AU$11.7b | AU$1.7b | -AU$1,567,021,000.00 | 251.4x | -7.5x | 6.9x |
| Fri, 18 Aug 2023 | AU$12.3b | AU$1.7b | AU$94.5m | 479.3x | 130.1x | 7.5x |
| Sun, 16 Jul 2023 | AU$12.2b | AU$2.1b | AU$909.4m | 20.3x | 13.5x | 5.8x |
| Tue, 13 Jun 2023 | AU$12.1b | AU$2.1b | AU$909.4m | 20.4x | 13.3x | 5.7x |
| Thu, 11 May 2023 | AU$12.2b | AU$2.1b | AU$909.4m | 20.8x | 13.4x | 5.7x |
| Sat, 08 Apr 2023 | AU$11.7b | AU$2.1b | AU$909.4m | 21.2x | 12.9x | 5.5x |
Price to Earnings Ratio
12.8x
Current Industry PE
- Investors are optimistic on the Australian Office REITs industry, and appear confident in long term growth rates.
- The 3-year average PS ratio of 6.8x is lower than the industry's current PS ratio of 10.3x.
Past Earnings Growth
- Total earnings for the Office REITs industry have declined over the last three years, with the industry now making a loss overall.
- Revenues have also declined 20% per year, which is driving profits down.
Industry Trends
Which industries have driven the changes within the Australian Real Estate industry?
| AU Market | 1.62% | |
| Real Estate | 3.67% | |
| Office REITs | -0.40% | |
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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| DXS DEXUS | AU$7.10 | 1.4% +AU$107.3m | -11.5% | PB0.7x | |
| CMW Cromwell Property Group | AU$0.41 | 2.5% +AU$26.2m | -30.2% | PB0.6x | |
| ABG Abacus Group | AU$1.17 | 2.2% +AU$22.3m | -57.0% | PB0.6x | |
| COF Centuria Office REIT | AU$1.19 | 1.7% +AU$11.9m | -17.4% | PB0.6x | |
| ECF Elanor Commercial Property Fund | AU$0.72 | 4.3% +AU$9.5m | -18.6% | PB0.8x |