Australian (ASX) Office REITs Industry Analysis
UpdatedOct 31, 2023
DataAggregated Company Financials
Companies8
- 7D-9.3%
- 3M-26.1%
- 1Y-32.6%
- YTD-30.9%
Over the last 7 days, the Office REITs industry has dropped 6.4%, driven by declines from every company within the industry. The industry has fallen 30% in the last year. Looking forward, earnings are forecast to grow by 49% 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 |
|---|---|---|---|---|---|---|
| Tue, 31 Oct 2023 | AU$10.0b | AU$1.7b | -AU$1,567,021,000.00 | 231.7x | -6.4x | 5.9x |
| Thu, 28 Sep 2023 | AU$11.6b | AU$1.7b | -AU$1,567,021,000.00 | 236.1x | -7.4x | 6.8x |
| Sat, 26 Aug 2023 | AU$12.3b | AU$1.8b | -AU$1,171,789,000.00 | 671.2x | -10.5x | 6.8x |
| Mon, 24 Jul 2023 | AU$12.1b | AU$2.1b | AU$909.4m | 20.3x | 13.3x | 5.7x |
| Wed, 21 Jun 2023 | AU$12.1b | AU$2.1b | AU$909.4m | 20.3x | 13.3x | 5.7x |
| Fri, 19 May 2023 | AU$12.2b | AU$2.1b | AU$909.4m | 20.5x | 13.4x | 5.8x |
| Sun, 16 Apr 2023 | AU$11.8b | AU$2.1b | AU$909.4m | 21x | 13x | 5.6x |
| Tue, 14 Mar 2023 | AU$12.5b | AU$2.1b | AU$909.4m | 21.6x | 13.8x | 5.9x |
| Thu, 09 Feb 2023 | AU$13.1b | AU$2.6b | AU$2.0b | 6.7x | 6.6x | 5.1x |
| Sat, 07 Jan 2023 | AU$12.2b | AU$2.6b | AU$2.1b | 6.7x | 5.7x | 4.7x |
| Mon, 05 Dec 2022 | AU$12.6b | AU$2.6b | AU$2.1b | 6.8x | 5.9x | 4.9x |
| Wed, 02 Nov 2022 | AU$12.6b | AU$2.6b | AU$2.1b | 6.9x | 5.9x | 4.9x |
| Fri, 30 Sep 2022 | AU$12.2b | AU$2.6b | AU$2.1b | 6.6x | 5.7x | 4.8x |
| Sun, 28 Aug 2022 | AU$14.0b | AU$2.6b | AU$2.2b | 7.5x | 6.4x | 5.5x |
| Tue, 26 Jul 2022 | AU$14.9b | AU$2.5b | AU$2.0b | 8.3x | 7.3x | 5.8x |
| Thu, 23 Jun 2022 | AU$14.1b | AU$2.5b | AU$2.0b | 7.6x | 6.9x | 5.5x |
| Sat, 21 May 2022 | AU$16.3b | AU$2.5b | AU$2.0b | 8.3x | 7.9x | 6.4x |
| Mon, 18 Apr 2022 | AU$16.8b | AU$2.5b | AU$2.0b | 8.5x | 8.2x | 6.6x |
| Wed, 16 Mar 2022 | AU$16.7b | AU$2.5b | AU$2.0b | 8.3x | 8.1x | 6.5x |
| Fri, 11 Feb 2022 | AU$16.3b | AU$2.4b | AU$1.7b | 10.4x | 9.9x | 6.8x |
| Sun, 09 Jan 2022 | AU$17.3b | AU$2.4b | AU$1.6b | 10.6x | 10.8x | 7.2x |
| Tue, 07 Dec 2021 | AU$17.0b | AU$2.4b | AU$1.6b | 10.1x | 10.6x | 7.1x |
| Thu, 04 Nov 2021 | AU$17.0b | AU$2.4b | AU$1.6b | 10.1x | 10.5x | 7.1x |
| Sat, 02 Oct 2021 | AU$16.4b | AU$2.4b | AU$1.6b | 9.9x | 10.2x | 6.8x |
| Mon, 30 Aug 2021 | AU$16.6b | AU$2.4b | AU$1.6b | 9.9x | 10.3x | 6.9x |
| Tue, 06 Jul 2021 | AU$16.5b | AU$2.4b | AU$1.6b | 9.1x | 10.3x | 6.9x |
| Fri, 09 Apr 2021 | AU$15.1b | AU$2.3b | AU$1.1b | 12.1x | 13.8x | 6.7x |
| Thu, 31 Dec 2020 | AU$15.1b | AU$2.1b | AU$592.7m | 23.7x | 25.5x | 7.2x |
Price to Earnings Ratio
15.7x
Current Industry PE
- Investors are relatively neutral on the Australian Office REITs industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PS ratio of 6.3x.
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 8.4% per year, which is driving profits down.
Industry Comparison
How does Australian Office REITs compare with similar industries?
| AU Market | -0.99% | |
| Real Estate | -4.86% | |
| REITS | -6.06% | |
| Office REITs | -9.32% | |
| Residential REITs | -0.41% | |
| Industrial REITs | -2.86% | |
| Healthcare REITs | -3.45% | |
| Retail REITs | -4.79% | |
| Diversified REITs | -6.07% | |
| Hotel and Resort REITs | -6.30% | |
| Specialized REITs | -6.43% | |
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 | |
|---|---|---|---|---|---|
| No data available | |||||