Australian (ASX) REITS Industry Analysis
UpdatedMay 08, 2024
DataAggregated Company Financials
Companies12
- 7D1.1%
- 3M-1.7%
- 1Y-4.5%
- YTD-1.0%
The REITS industry is up 1.1% in the last week, with Stockland up 5.7%. However, the industry is down 4.5% over the past year. As for the next few years, earnings are expected to grow by 31% per annum.
Industry Valuation and Performance
Has the Australian REITS Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 09 May 2024 | AU$39.6b | AU$7.5b | -AU$1,335,063,000.00 | 45.3x | -29.7x | 5.3x |
| Sat, 06 Apr 2024 | AU$41.9b | AU$7.5b | -AU$1,335,063,000.00 | 46.7x | -31.4x | 5.6x |
| Mon, 04 Mar 2024 | AU$40.2b | AU$7.5b | -AU$1,335,063,000.00 | 45.1x | -30.1x | 5.4x |
| Wed, 31 Jan 2024 | AU$40.2b | AU$7.6b | AU$8.6m | 21.3x | 4696.5x | 5.3x |
| Fri, 29 Dec 2023 | AU$40.7b | AU$7.6b | AU$8.6m | 21.4x | 4749.8x | 5.3x |
| Sun, 26 Nov 2023 | AU$36.2b | AU$7.6b | AU$8.6m | 20x | 4229.5x | 4.8x |
| Tue, 24 Oct 2023 | AU$34.2b | AU$7.6b | AU$8.6m | 19.1x | 3992.2x | 4.5x |
| Thu, 21 Sep 2023 | AU$37.1b | AU$7.6b | AU$8.6m | 19.9x | 4334.5x | 4.9x |
| Sat, 19 Aug 2023 | AU$38.6b | AU$8.1b | AU$996.0m | 9.8x | 38.7x | 4.7x |
| Mon, 17 Jul 2023 | AU$43.0b | AU$8.6b | AU$3.4b | 10.2x | 12.6x | 5x |
| Wed, 14 Jun 2023 | AU$41.3b | AU$8.6b | AU$3.4b | 9.8x | 12.1x | 4.8x |
| Fri, 12 May 2023 | AU$44.1b | AU$8.6b | AU$3.4b | 10.3x | 12.9x | 5.1x |
| Sun, 09 Apr 2023 | AU$41.5b | AU$8.6b | AU$3.4b | 9.9x | 12.2x | 4.8x |
| Tue, 07 Mar 2023 | AU$145.6b | AU$21.4b | AU$10.1b | 11.5x | 14.5x | 6.8x |
| Thu, 02 Feb 2023 | AU$150.2b | AU$23.7b | AU$18.3b | 7.1x | 8.2x | 6.3x |
| Sat, 31 Dec 2022 | AU$137.2b | AU$23.6b | AU$18.6b | 6.5x | 7.4x | 5.8x |
| Mon, 28 Nov 2022 | AU$143.5b | AU$23.6b | AU$18.6b | 6.9x | 7.7x | 6.1x |
| Wed, 26 Oct 2022 | AU$130.7b | AU$23.7b | AU$18.7b | 6.4x | 7x | 5.5x |
| Fri, 23 Sep 2022 | AU$134.4b | AU$23.7b | AU$18.7b | 6.5x | 7.2x | 5.7x |
| Sun, 21 Aug 2022 | AU$147.3b | AU$23.2b | AU$18.2b | 7.2x | 8.1x | 6.3x |
| Tue, 19 Jul 2022 | AU$142.3b | AU$22.5b | AU$18.7b | 6.6x | 7.6x | 6.3x |
| Thu, 16 Jun 2022 | AU$131.4b | AU$22.5b | AU$18.7b | 6x | 7x | 5.8x |
| Sat, 14 May 2022 | AU$150.0b | AU$22.5b | AU$18.7b | 7.2x | 8x | 6.7x |
| Mon, 11 Apr 2022 | AU$168.1b | AU$22.7b | AU$19.3b | 7.4x | 8.7x | 7.4x |
| Wed, 09 Mar 2022 | AU$160.6b | AU$22.8b | AU$19.5b | 6.9x | 8.2x | 7.1x |
| Fri, 04 Feb 2022 | AU$165.4b | AU$19.9b | AU$12.7b | 9.7x | 13.1x | 8.3x |
| Sun, 02 Jan 2022 | AU$180.3b | AU$19.8b | AU$12.4b | 10.2x | 14.5x | 9.1x |
| Tue, 30 Nov 2021 | AU$171.3b | AU$19.8b | AU$12.4b | 9.6x | 13.8x | 8.6x |
| Thu, 28 Oct 2021 | AU$169.6b | AU$19.8b | AU$12.4b | 9.7x | 13.6x | 8.6x |
| Sat, 25 Sep 2021 | AU$166.5b | AU$19.8b | AU$12.1b | 9.8x | 13.7x | 8.4x |
| Mon, 23 Aug 2021 | AU$162.2b | AU$19.8b | AU$12.1b | 8.6x | 13.4x | 8.2x |
| Sat, 10 Jul 2021 | AU$155.2b | AU$19.9b | AU$12.1b | 8.8x | 12.8x | 7.8x |
Price to Earnings Ratio
28.9x
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 3-year average PS ratio of 6.3x is higher than the industry's current PS ratio of 5.3x.
Past Earnings Growth
- Total earnings for the REITs industry have declined over the last three years, with the industry now making a loss overall.
- Revenues have also declined 27% 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% | |
| REITS | 1.10% | |
| Industrial REITs | 8.14% | |
| Hotel and Resort REITs | 3.38% | |
| Retail REITs | 1.31% | |
| Diversified REITs | 1.10% | |
| Residential REITs | 0.95% | |
| Specialized REITs | 0.22% | |
| Office REITs | -0.40% | |
| Healthcare REITs | -2.08% | |
Industry PE
- Investors are most optimistic about the Industrial REITs industry which is trading above its 3-year average PE ratio of 36.4x.
- Analysts are expecting annual earnings growth of 26.0%, which is higher than its past year's earnings decline of 92.5% per year.
Forecasted Growth
- Analysts are most optimistic on the Office REITs industry, expecting annual earnings growth of 64% over the next 5 years.
- In contrast, the Specialized REITs industry is expected to see its earnings grow by 8.3% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| SGP Stockland | AU$4.63 | 5.7% +AU$596.2m | 3.3% | PB1.1x | |
| GPT GPT Group | AU$4.25 | 2.9% +AU$229.9m | -3.4% | PB0.8x | |
| CHC Charter Hall Group | AU$12.23 | 3.9% +AU$217.6m | 12.8% | PB2x | |
| MGR Mirvac Group | AU$2.10 | 1.9% +AU$157.8m | -10.3% | PB0.8x | |
| CLW Charter Hall Long WALE REIT | AU$3.53 | 4.1% +AU$101.2m | -19.4% | PB0.7x |