October 2026
Largest Leasing & Rental Services Public Companies in Australia
Benchmark revenue and EBITDA valuation multiples for public comps like
Region Group, Smartgroup Corp, FleetPartners Group, Rural Funds Group and Emeco Holdings.
 | Region Group is an Australian real estate investment trust that owns and manages supermarket-anchored convenience shopping centres. It is a stapled listed vehicle on the Australian Securities Exchange (ASX: RGN) made up of Region Management Trust and Region Retail Trust, and until November 2022 it was SCA Property Group, which Woolworths created and listed in December 2012 with 56 convenience-based properties valued at A$1.4 billion. At 30 June 2026 it owned and managed 100 supermarket-led essential retail properties across Queensland, New South Wales, Victoria, South Australia, Western Australia and Tasmania. Revenue is rent from long leases to Woolworths and Coles, which anchor most centres, and from specialty tenants. It reported statutory net profit of A$268.8 million for the year to June 2026, portfolio occupancy of 98.1 per cent and funds from operations of 16.0 cents per security. It runs the SCA Metro Fund joint venture with the Singapore sovereign investor GIC. Its head office is in Sydney, and it is led by managing director Greg Chubb. | $2 | -4% | $1.8B | $4.9B | 18.1x | 20.9x | ||
| Smartgroup Corporation is an Australia-based company that provides specialist employee management services. Its services include salary packaging, novated leasing, vehicle fleet management, payroll administration, employee share plan administration, and workforce optimization. The company operates in two segments: outsourced administration and vehicle services. Most of the group's revenue is generated from the OA segment, which provides outsourced salary packaging services, novated leasing, share plan administration, and outsourced payroll services. The VS segment provides end-to-end vehicle fleet management services. | $8 | +47% | $1.1B | $938M | 4.1x | 10.0x | ||
| FleetPartners Group, formerly Eclipx Group, is an Australian and New Zealand provider of fleet management, novated leasing, salary packaging and equipment finance services, listed on the Australian Securities Exchange (ASX: FPR) and headquartered in Sydney. Eclipx adopted its name in 2015, grew by buying businesses such as FleetPlus, Right2Drive and Grays eCommerce Group, and then sold Grays and Car Buyers in 2019 and CarLoans.com.au and Right2Drive in 2020 to refocus on fleet leasing, taking the FleetPartners name in 2021. Assets under management and finance at 30 September 2025 were A$2.3 billion, and statutory net profit after tax for the year was A$75 million. Revenue comes from lease rentals and finance income, management and maintenance fees and gains on vehicle disposals at the end of leases. It bought the salary packaging and novated lease provider Remunerator in December 2025. In August 2026 it received non-binding takeover proposals from SG Fleet's holding company at A$3.60 and then A$4.00 per share and from Element Fleet Management. | $3 | +71% | $698M | $1.3B | 2.8x | 5.1x | ||
| Rural Funds Group, listed on the ASX as RFF, is an Australian agricultural real estate investment trust managed by Rural Funds Management, the Canberra-headquartered agricultural investment specialist established in 1997. The group owns about 57 properties across five Australian states with roughly A$1.9 billion of assets, and leases most of them to farm operators under long-term agreements with a weighted average lease expiry of about 14.8 years. Its portfolio spans almonds, macadamias, cattle, cropping, vineyards, poultry and water entitlements, and cattle is its largest segment by revenue. It pays quarterly distributions to unitholders, with a forecast of 11.73 cents per unit for FY27. Rural Funds Management, which runs about A$2.5 billion of agricultural assets in total, led a A$7 million investment in the Queensland agtech company Inform Ag in August 2024. | $1 | +6% | $516M | $1.1B | 13.1x | 19.3x | ||
| Emeco Holdings is an Australian mining equipment rental, maintenance and rebuild group headquartered in Perth and listed on the Australian Securities Exchange (ASX: EHL). It was founded in 1972 as a local equipment supplier in Western Australia and now operates in all key mining regions of Australia, renting a fleet of about 850 pieces of open-cut and underground equipment and running a national network of workshops under brands such as Force Equipment and Borex. For the year to June 2025 it reported revenue of A$785 million, operational EBITDA of A$301 million and operating profit after tax of A$84 million, with about 900 employees. Revenue comes from equipment rental, maintenance and component rebuild services and equipment sales. Its history includes a private equity buyout by Pacific Equity Partners and Archer Capital, a 2006 listing, a 2017 recapitalisation and merger with Orionstone and Andy's Earthmovers, and acquisitions of Force Equipment, Matilda Equipment and Pit N Portal. In February 2024 it sold its underground contracting business to Macmahon and kept the underground rental fleet. | $1 | +14% | $462M | $550M | 1.0x | 2.9x | ||
| Median | $2 | +14% | $698M | $1.1B | 4.1x | 10.0x |
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