In the last six months the majority of ASX real estate stocks have bounced back from their COVID-19 lows.

The real estate sector is broad involving Real Estate Investment Trusts (REITs), property developers, landlords and serviced office providers.

All of these have had different issues in 2020 and some are in better positions than others.

All ASX real estate stocks and their performance

Code Company Price ReturnYRoll% Return6MRoll% MktCap$
UUL Ultima Utd Ltd 0.57 2180 3971 $ 16,715,676.93
FE8 Faster Enterprises 0.049 308 717 $ 5,433,385.14
CAQ CAQ Holdings Ltd 0.0505 461 531 $ 36,248,207.19
ACU Acumentis Group Ltd 0.14 -18 130 $ 21,795,190.20
AXI Axiom Properties 0.059 55 97 $ 25,530,105.82
SDG Sunland Group Ltd 2.04 28 84 $ 277,926,315.45
CHC Charter Hall Group 12.49 10 74 $ 5,733,716,482.61
HMC Home Consortium 3.95 1 68 $ 977,460,874.80
LHM Land Homes Grp Ltd 0.008 -11 60 $ 8,395,114.30
AVN Aventus Group 2.48 -11 50 $ 1,361,423,473.60
CNI Centuria Capital 2.31 7 50 $ 1,240,123,245.90
PPC Peet Limited 1.04 -15 46 $ 488,133,493.89
MEA McGrath Ltd 0.26 8 44 $ 43,380,983.10
SGP Stockland 3.88 -20 43 $ 9,357,360,115.04
CWP Cedar Woods Prop. 5.65 -19 42 $ 448,280,295.14
GMG Goodman Group 18.57 30 41 $ 33,678,635,318.65
AVJ AVJennings Limited 0.505 -15 38 $ 205,146,517.64
LIC Lifestyle Communit. 10.18 26 37 $ 1,064,269,433.58
AGJ Agricultural Land 0.03 -50 36 $ 2,925,301.08
EGH Eureka Group Ltd 0.375 25 32 $ 86,264,114.25
GDF Garda Prpty Group 1.15 -20 27 $ 257,238,127.93
HPI Hotel Property 3.06 -5 26 $ 484,310,109.52
CQE Charter Hall Soc In 2.89 -20 26 $ 1,025,965,637.04
ADI Apn Industria REIT 2.62 -11 25 $ 515,541,604.59
INA Ingenia Group 4.63 7 25 $ 1,489,531,341.60
RFF Rural Funds Group 2.44 35 25 $ 825,592,331.72
PWG Primewest 1.05 24 $ 380,557,795.28
AQR Apn Conv Retail REIT 3.68 8 20 $ 420,623,398.32
SSL Sietel Limited 6.6 -8 20 $ 52,849,361.40
CIP Centuria I REIT 3.08 -8 19 $ 1,563,020,371.99
ARF Arena REIT. 2.64 -11 18 $ 893,523,089.14
BWP BWP Trust 4.03 -4 17 $ 2,595,230,564.12
ERF Elanoretl Property 0.88 -28 17 $ 116,500,428.28
GOZ Growthpoint Property 3.43 -19 17 $ 2,609,851,580.44
BWR Blackwall Prop Trust 1.44 12 17 $ 213,863,119.20
CMW Cromwell Prop 0.88 -33 17 $ 2,316,461,547.38
FRI Finbar Group Limited 0.71 -16 16 $ 187,764,967.98
APW Aims Pror Sec Fund 1.39 -3 16 $ 61,998,285.37
CQR Charter Hall Retail 3.43 -22 15 $ 1,946,922,415.90
WPR Waypoint REIT 2.71 -8 15 $ 2,096,008,945.59
ABP Abacus Property Grp. 2.81 -28 14 $ 1,844,004,667.12
IAP Investec Aust Prop 1.22 -22 14 $ 750,368,398.11
ECF Elanor Comm Prop 1.01 13 $ 205,422,000.00
DGH Desane Group Hldings 1.25 -16 13 $ 51,137,487.50
VTH Vitalharvest 0.78 -1 12 $ 142,450,000.00
DVN Devine Limited 0.1 -23 11 $ 15,873,055.60
UOS United Overseas Aust 0.76 -11 11 $ 360,938,607.00
CLW Chtr H Lwr 4.8 -17 11 $ 2,478,735,268.80
APD Apn Property Group 0.54 0 10 $ 178,095,093.12
CDP Carindale Property 3.52 -42 10 $ 245,000,000.00
VP7 Velocity Prop Gp Ltd 0.55 -48 10 $ 6,264,465.35
COF Centuria Office REIT 2.06 -31 10 $ 1,054,771,754.35
NSR National Storage 1.82 -1 8 $ 1,831,845,416.40
APZ Aspen Group 1.09 -9 8 $ 126,259,275.66
SCP SCA Property Group 2.32 -15 8 $ 2,433,052,751.64
AU1 The Agency Group Aus 0.043 -26 8 $ 12,855,069.26
LLC Lendlease Group 12.2 -34 5 $ 8,279,859,071.61
GPT GPT Group 4.08 -35 4 $ 7,869,634,436.64
MPX Mustera Property Grp 0.3 -7 4 $ 34,867,866.30
LEP ALE Property Group 4.3 -19 3 $ 854,537,657.76
GDI GDI Property Grp 1.07 -31 2 $ 577,261,978.76
MGR Mirvac Group 2.15 -33 2 $ 8,386,995,366.30
AOF Australian Unity Off 2.06 -31 2 $ 338,690,460.16
RNY RNY Property Trust 0.005 0 0 $ 1,317,069.45
IEQ International Equiti 0.035 0 0 $ 4,487,825.20
QSS Questus Limited 0.024 0 0 $ 2,224,981.27
GPS GPS Alliance Ltd 0.055 0 0 $ 6,487,727.90
RPG Raptis Group Limited 0.03 0 0 $ 1,904,590.74
KLO Kingsland Global Ltd 0.069 -8 0 $ 27,945,000.00
LHB Lionhub Group Ltd 0.003 -25 0 $ 2,479,049.19
HGL Hudson Investment 0.35 -33 0 $ 20,775,977.25
DXS Dexus 8.71 -27 -1 $ 9,526,194,882.99
SCG Scentre Grp 2.12 -45 -3 $ 11,211,217,212.24
TGP 360 Capital Grp 0.84 -27 -4 $ 191,651,408.58
URF US Masters Res Fund 0.22 -70 -4 $ 80,894,360.82
SRV Servcorp Limited 2.38 -47 -5 $ 228,490,215.68
VCX Vicinity Centres 1.23 -55 -12 $ 5,622,060,067.13
TIA Tian An Aust Limited 0.2 -53 -33 $ 17,321,766.00
BHL Boyuan Holdings 0.008 -56 -33 $ 27,450,408.00
URW Unibailrodawestfield 2.91 -75 -35 $ 611,609,241.20
VOL Victory Offices Ltd 0.2 -90 -55 $ 16,360,000.00

 

Property developers the top winners

Property developer Ultima United (ASX:UUL) is the biggest winner, surging from under 2 cents to 57 cents in just six months.

The company has projects in Australia and Japan is looking at developing special disability accommodation under the National Disability Insurance Scheme.

It hopes to begin construction on its flagship Bentley project in WA next year.

Next is Faster Enterprises (ASX:FE8), up 717 per cent in six months and over 300 per cent in 12 months.

The stock has been suspended for the months on the basis it was to complete a capital raising but has not recommenced trading.

While it revealed a loss of over $1 million, it has overhauled its board and promises shareholders will see the results of a strategic review in the company.

The one other multi-bagger is CAQ Holdings (ASX:CAQ) which has multiple operations on China’s Hainan Island including a shopping centre and a warehouse.

The company has not only benefited from China’s recovery from COVID-19 but Beijing’s intention to make Hainan a free trade zone – giving it trade privileges only Hong Kong and Macau have.

 

Other winners

While most other ASX real estate stocks that have been winners were also property developers there were a couple of other stocks on the winners’ list.

One was the ASX’s only real estate agency McGrath (ASX:MEA).

Despite the impact of COVID-19 on the property sector, forcing agencies to transition to digital viewings for a number of weeks, McGrath turned last years’ loss of $9.7 million into a $700,000 profit.

It is tipping a big FY21 and has hinted it may go on the acquisition trail as the industry consolidates.

Property valuation firm Acumentis (ASX:ACU) is another winner among ASX real estate stocks, up 130 per cent in six months.

It is seeing business hold up, crediting government support for the property sector – having feared en masse mortgage defaults – and record low interest rates.

But CEO Tim Rabbitt noted at its recent AGM that defaults end up eventuating as support ease it may not be a bad thing for business.

He noted that may generate extra work via receivership and mortgagee in possession instruction.

 

The real estate stocks still lagging

With people still working from home, even in states without community transmission in weeks, serviced offices lag behind.

The biggest loser, down 90 per cent in 12 months and 55 per cent in six months is Victory Offices (ASX:VOL).

As the pandemic broke out, Victory cut its casual workforce by 40 per cent and moved its marketing spend online.

Almost half of its landlords had agreed to reduce or defer lease obligations with discussions ongoing with others.

But it has continued to assert people will come back to offices and when they do, the company will be in a better position than its competitors.

Also lagging behind is fellow serviced office stock ServCorp (ASX:SRV) as well as shopping centre owners Vicinity Centres (ASX:VCX) and Unibail (ASX:URW) which has acquired Westfield.