Australian (ASX) Specialized REITs Industry Analysis
UpdatedMay 08, 2024
DataAggregated Company Financials
Companies5
- 7D0.8%
- 3M-3.2%
- 1Y-8.0%
- YTD-3.0%
The Specialized REITs industry has stayed flat over the last week. Unfortunately though, the industry is down 8.0% over the past 12 months. As for the next few years, earnings are expected to grow by 13% per annum.
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 |
|---|---|---|---|---|---|---|
| Wed, 08 May 2024 | AU$7.6b | AU$635.0m | AU$190.6m | 56.4x | 39.6x | 11.9x |
| Fri, 05 Apr 2024 | AU$7.9b | AU$635.0m | AU$190.6m | 59.7x | 41.6x | 12.5x |
| Sun, 03 Mar 2024 | AU$7.7b | AU$635.0m | AU$190.6m | 56.9x | 40.5x | 12.2x |
| Tue, 30 Jan 2024 | AU$7.5b | AU$619.9m | AU$282.2m | 17.1x | 26.5x | 12.1x |
| Thu, 28 Dec 2023 | AU$8.0b | AU$619.9m | AU$282.2m | 18.4x | 28.4x | 12.9x |
| Sat, 25 Nov 2023 | AU$7.2b | AU$619.9m | AU$282.2m | 16.2x | 25.3x | 11.5x |
| Mon, 23 Oct 2023 | AU$7.2b | AU$619.9m | AU$282.2m | 16.1x | 25.4x | 11.6x |
| Wed, 20 Sep 2023 | AU$7.5b | AU$619.9m | AU$282.2m | 16.9x | 26.6x | 12.1x |
| Fri, 18 Aug 2023 | AU$7.6b | AU$593.1m | AU$393.9m | 17.2x | 19.2x | 12.8x |
| Sun, 16 Jul 2023 | AU$6.2b | AU$619.6m | AU$648.4m | 6.1x | 9.6x | 10.1x |
| Tue, 13 Jun 2023 | AU$6.4b | AU$619.6m | AU$648.4m | 6.1x | 9.9x | 10.4x |
| Thu, 11 May 2023 | AU$6.5b | AU$619.6m | AU$648.4m | 6.1x | 10x | 10.5x |
| Sat, 08 Apr 2023 | AU$6.6b | AU$619.6m | AU$648.4m | 6.2x | 10.2x | 10.6x |
Price to Earnings Ratio
9.9x
Current Industry PE
- Investors are optimistic on the Australian Specialized REITs industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 39.6x which is higher than its 3-year average PE of 23.6x.
- The industry is trading close to its 3-year average PS ratio of 11.6x.
Past Earnings Growth
- The earnings for companies in the Specialized REITs industry have declined 34% per year over the last three years.
- Meanwhile revenues have remained mostly flat.
- This means that although sales have remained flat, 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 | 1.62% | |
| Real Estate | 3.67% | |
| Specialized REITs | 0.81% | |
| Self-Storage REITs | 1.21% | |
| Data Center REITs | 0% | |
| Timber REITs | 0% | |
| Telecom Tower REITs | 0% | |
Industry PE
- Investors are most optimistic about the Self-Storage REITs industry which is trading above its 3-year average PE ratio of 112x.
- Analysts are expecting annual earnings growth of 18.4%, which is higher than its past year's earnings decline of 5.9% per year.
- Investors are most pessimistic about the Self-Storage REITs industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 112x.
Forecasted Growth
- Analysts are most optimistic on the Self-Storage REITs industry, expecting annual earnings growth of 18% over the next 5 years.
- This is better than its past earnings decline of 5.9% per year.
- In contrast, the Self-Storage REITs industry is expected to see its earnings grow by 18% 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 | |
|---|---|---|---|---|---|
| NSR National Storage REIT | AU$2.18 | 2.8% +AU$82.2m | -13.1% | PB10.3x | |
| ARF Arena REIT | AU$3.80 | 3.5% +AU$46.2m | 4.1% | PB1.3x | |
| ASK Abacus Storage King | AU$1.15 | 2.7% +AU$39.4m | n/a | n/a | |
| CQE Charter Hall Social Infrastructure REIT | AU$2.56 | 2.4% +AU$22.3m | -14.1% | PB0.7x | |
| RFF Rural Funds Group | AU$2.01 | 0% AU$1.4m | 2.8% | PB0.7x |