May 2026
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Largest Leasing & Rental Services Public Companies in Australia
Benchmark revenue and EBITDA valuation multiples for public comps like
Region Group, Smartgroup Corp, SG Fleet Group, Rural Funds Group and FleetPartners Group.
 | Region Group specializes in leasing out convenience-focused properties that offer everyday goods and services. More than half of the rent is derived from specialty tenants, which are mostly non-discretionary, such as food and liquor, pharmacy and healthcare, and general services. Typically, specialty rent increases at a fixed rate of 4% per year. In contrast, anchor leases, which contribute the other half of Region’s rental income, grows at a slower pace. Among anchor tenants, 50% pay a base rent plus a percentage of their sales turnover, and 50% pay a constant base rent which is usually reviewed every five years. Region’s development pipeline is relatively small. The group typically undertakes development on behalf of a capital partner, or upgrades and refurbishes existing centers. | $2 | -1% | $2B | $3B | 11.0x | 15.1x | ||
| 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 operating segments of the company are: outsourced administration, or OA, and vehicle services, or VS. 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 | +62% | $1B | $969M | 4.1x | 9.9x | ||
| SG Fleet Group Ltd is a fleet management solutions providing company. It is also involved in the activities of vehicle leasing, short-term hire, novated leasing, salary packaging and consumer vehicle finance. The fleet management services include funding options, registration renewal, fuel cards and reporting, vehicle acquisition and disposal, comprehensive insurance and other services. Geographically, the group operates in the business segments of Australia, New Zealand, and the United Kingdom, of which the majority of the revenue is derived from its operations in Australia. | $3 | -- | $885M | $2B | - | - | ||
| Rural Funds Group is a real estate investment trust, which holds and leases agricultural property and equipment. The company's operating segment includes Almonds; Cattle; Vineyards; Cropping, Macadamias and Other. It generates maximum revenue from the Almonds segment. | $1 | -- | $552M | $1B | 13.9x | 22.4x | ||
| FleetPartners Group Ltd is a provider of fleet leasing and fleet management services that operates across Australia and New Zealand. The company offers consumers and businesses access to funding solutions including fleet leasing, novated leasing, and salary packaging solutions. Its business segments include Australia commercial, Novated, and New Zealand commercial, with the majority of revenue flowing from Australia commercial. Australia commercial provides fleet leasing and management services; novated provides novated leasing and salary packaging services in Australia, and New Zealand commercial provides fleet leasing, management, and vehicle dealerships. Some of its brands include FleetPartners, FleetPlus and FleetChoice. | $2 | -8% | $435M | $1B | 2.0x | 4.4x | ||
| Emeco Holdings Ltd owns and operates a fleet of original equipment manufacturer machines to deliver equipment rental solutions. Its reportable segments are - Rental and Force Workshops. Geographically, it generates all of its revenue from Australia. | $1 | +44% | $393M | $496M | 0.9x | 2.4x | ||
| Median | $2 | +22% | $719M | $1B | 4.1x | 9.9x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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