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. Overall the industry is down 30% in 12 months. As for the next few years, earnings are expected to grow by 49% per annum.
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 |
Price to Earnings Ratio
13.1x
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 6.0x.
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 7.2% per year, which is driving profits down.
Industry Trends
Which industries have driven the changes within the Australian Real Estate industry?
| AU Market | -0.99% | |
| Real Estate | -4.86% | |
| Office REITs | -9.32% | |
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 | |||||