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New Zealand (NZX) Real Estate Sector Analysis

UpdatedDec 02, 2021
DataAggregated Company Financials
Companies10
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  • 3M-7.9%
  • 1Y-4.0%
  • YTD-6.1%

Over the last 7 days, the Real Estate industry has remained flat. Unfortunately though, the industry is down 4.6% over the past 12 months.

Sector Valuation and Performance

Has the New Zealand Real Estate Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPE
Sat, 04 Dec 2021NZ$13.9bNZ$1.3bNZ$2.7b4.8x
Mon, 01 Nov 2021NZ$14.5bNZ$1.2bNZ$2.2b6x
Wed, 29 Sep 2021NZ$14.5bNZ$1.2bNZ$2.2b5.8x
Fri, 27 Aug 2021NZ$14.8bNZ$1.2bNZ$2.2b6x
Sat, 03 Jul 2021NZ$13.8bNZ$1.2bNZ$2.2b5.6x
Tue, 06 Apr 2021NZ$13.4bNZ$1.2bNZ$1.9b7.7x
Fri, 08 Jan 2021NZ$14.1bNZ$1.1bNZ$1.2b14.3x
Thu, 01 Oct 2020NZ$12.6bNZ$1.1bNZ$674.4m12.9x
Sun, 05 Jul 2020NZ$11.2bNZ$1.1bNZ$528.1m11.9x
Wed, 08 Apr 2020NZ$10.6bNZ$1.1bNZ$599.8m10.7x
Tue, 31 Dec 2019NZ$13.1bNZ$1.0bNZ$1.0b11x
Fri, 04 Oct 2019NZ$12.8bNZ$1.0bNZ$1.3b12.5x
Mon, 08 Jul 2019NZ$11.9bNZ$1.0bNZ$1.2b11.8x
Sun, 31 Mar 2019NZ$10.7bNZ$1.0bNZ$1.1b9.7x
Wed, 02 Jan 2019NZ$9.8bNZ$1.0bNZ$1.1b8.2x
PE Ratio

8.2x

Total Market Cap: NZ$9.8bTotal Earnings: NZ$1.1bTotal Revenue: NZ$1.0b0%0%0%3 Year10 Year
20202021

Current Industry PE: There are only 3 profitable companies in this industry, so there is insufficient data to make an industry-wide assessment of PE.

Past Earnings Growth: The earnings for companies in the Real Estate industry have grown 36% per year over the last three years, and revenues for these companies have grown 6.2% per year. This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the New Zealand Real Estate sector?

REITS0.83%
Real Estate0%

Industry PE: Investors are most optimistic about the REITS industry even though it's trading below its 3-year average PE ratio of 10.6x. However analysts are expecting annual earnings decline of 30%, which is lower than the prior year's growth of 184% per year. So the market might believe that analysts are underestimating future growth or they expect the REITS industry's earnings to deteriorate the least compared to other industries.

Forecasted Growth: Despite it being negative, analysts are least pessimistic on the REITS industry since they expect its earnings to decline by only 30% per year over the next 5 years, which isn't as bad as the other industries. However, this is a reversal from its past annual earnings growth rate of 184% per year. Meanwhile, the Real Estate industry is expected to see its earnings decline by 40% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

Company7D1YValuation
GMT Goodman Property Trust2.4%+NZ$83.8m5.5%PB1x
ARG Argosy Property3.5%+NZ$42.2m-2.6%PB0.9x
PCT Precinct Properties New Zealand0.6%+NZ$15.9m-9.8%PB1.1x
IPL Investore Property1.6%+NZ$11.0m-14.9%PB0.9x
KPG Kiwi Property Group0.4%+NZ$7.9m-5.4%PB0.8x
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