Australian (ASX) Office REITs Industry Analysis
UpdatedMay 08, 2024
DataAggregated Company Financials
Companies7
- 7D-0.4%
- 3M-4.1%
- 1Y-21.4%
- YTDn/a
The Office REITs industry has stayed flat over the last week. Unfortunately though, the industry is down 21% over the past 12 months. Looking forward, 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 |
| Mon, 06 Mar 2023 | AU$12.8b | AU$2.1b | AU$909.4m | 21.9x | 14x | 6x |
| Wed, 01 Feb 2023 | AU$12.9b | AU$2.6b | AU$2.1b | 6.7x | 6.1x | 5x |
| Fri, 30 Dec 2022 | AU$12.3b | AU$2.6b | AU$2.1b | 6.7x | 5.8x | 4.8x |
| Sun, 27 Nov 2022 | AU$12.5b | AU$2.6b | AU$2.1b | 6.7x | 5.9x | 4.9x |
| Tue, 25 Oct 2022 | AU$11.9b | AU$2.6b | AU$2.1b | 6.7x | 5.6x | 4.6x |
| Thu, 22 Sep 2022 | AU$12.9b | AU$2.6b | AU$2.1b | 6.9x | 6.1x | 5x |
| Sat, 20 Aug 2022 | AU$14.4b | AU$2.5b | AU$2.2b | 7.9x | 6.5x | 5.7x |
| Mon, 18 Jul 2022 | AU$14.6b | AU$2.5b | AU$2.0b | 7.7x | 7.1x | 5.7x |
| Wed, 15 Jun 2022 | AU$14.2b | AU$2.5b | AU$2.0b | 7.6x | 6.9x | 5.6x |
| Fri, 13 May 2022 | AU$16.3b | AU$2.5b | AU$2.0b | 8.1x | 8x | 6.4x |
| Sun, 10 Apr 2022 | AU$16.9b | AU$2.5b | AU$2.0b | 8.4x | 8.2x | 6.6x |
| Tue, 08 Mar 2022 | AU$16.5b | AU$2.5b | AU$2.0b | 8.3x | 8x | 6.5x |
| Thu, 03 Feb 2022 | AU$16.2b | AU$2.4b | AU$1.6b | 10.2x | 10.1x | 6.8x |
| Sat, 01 Jan 2022 | AU$17.3b | AU$2.4b | AU$1.6b | 10.5x | 10.7x | 7.2x |
| Mon, 29 Nov 2021 | AU$17.1b | AU$2.4b | AU$1.6b | 10.1x | 10.6x | 7.2x |
| Wed, 27 Oct 2021 | AU$17.3b | AU$2.4b | AU$1.6b | 10.1x | 10.7x | 7.2x |
| Fri, 24 Sep 2021 | AU$17.3b | AU$2.4b | AU$1.6b | 10.3x | 10.7x | 7.2x |
| Sun, 22 Aug 2021 | AU$16.6b | AU$2.4b | AU$1.6b | 9.4x | 10.3x | 6.9x |
| Fri, 09 Jul 2021 | AU$16.5b | AU$2.4b | AU$1.6b | 9.1x | 10.3x | 6.9x |
Price to Earnings Ratio
14.9x
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 6.4x 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 22% per year, which is driving profits down.
Industry Comparison
How does Australian Office REITs compare with similar industries?
| AU Market | 1.62% | |
| Real Estate | 3.67% | |
| REITS | 1.10% | |
| Office REITs | -0.40% | |
| 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% | |
| Healthcare REITs | -2.08% | |
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 |