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New Zealand (NZX) Real Estate Sector Analysis

UpdatedFeb 22, 2025
DataAggregated Company Financials
Companies12
  • 7D-2.0%
  • 3M-4.9%
  • 1Y-5.8%
  • YTD-1.9%

Over the last 7 days, the Real Estate industry has dropped 1.2%, driven by pullbacks from every company within the industry. The industry has fallen 4.1% in the last year. Looking forward, earnings are forecast to grow by 41% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 22 Feb 2025NZ$11.8bNZ$1.6b-NZ$409,676,000.0041.5x-28.9x7.2x
Mon, 20 Jan 2025NZ$12.1bNZ$1.6b-NZ$391,846,000.0038.2x-30.9x7.4x
Wed, 18 Dec 2024NZ$11.9bNZ$1.6b-NZ$391,846,000.0037.1x-30.4x7.3x
Fri, 15 Nov 2024NZ$12.4bNZ$1.6b-NZ$884,852,000.0019.8x-14x7.8x
Sun, 13 Oct 2024NZ$12.6bNZ$1.6b-NZ$878,950,000.0020.4x-14.4x8x
Tue, 10 Sep 2024NZ$12.5bNZ$1.6b-NZ$878,950,000.0020.9x-14.2x7.9x
Thu, 08 Aug 2024NZ$11.9bNZ$1.6b-NZ$1,151,762,000.0014.3x-10.4x7.5x
Sat, 06 Jul 2024NZ$11.4bNZ$1.6b-NZ$1,149,480,000.0013.9x-9.9x7.2x
Mon, 03 Jun 2024NZ$11.9bNZ$1.6b-NZ$924,280,000.0015.2x-12.9x7.5x
Wed, 01 May 2024NZ$12.4bNZ$1.5b-NZ$1,289,591,000.0016.2x-9.6x8.1x
Fri, 29 Mar 2024NZ$12.4bNZ$1.5b-NZ$1,289,591,000.0016.9x-9.6x8.1x
Sun, 25 Feb 2024NZ$12.1bNZ$1.5b-NZ$1,294,543,000.0016.9x-9.3x7.9x
Tue, 23 Jan 2024NZ$12.3bNZ$1.5b-NZ$1,253,498,000.0015.3x-9.8x8x
Thu, 21 Dec 2023NZ$12.3bNZ$1.5b-NZ$1,253,498,000.0013.7x-9.8x8x
Sat, 18 Nov 2023NZ$11.8bNZ$1.5b-NZ$1,130,820,000.0014x-10.4x7.7x
Mon, 16 Oct 2023NZ$11.9bNZ$1.5b-NZ$1,043,221,000.0013.1x-11.4x7.8x
Wed, 13 Sep 2023NZ$11.8bNZ$1.5b-NZ$1,043,221,000.0013.2x-11.3x7.7x
Fri, 11 Aug 2023NZ$12.9bNZ$1.5b-NZ$735,643,000.0013.9x-17.6x8.6x
Sun, 09 Jul 2023NZ$12.7bNZ$1.5b-NZ$514,260,000.0011.8x-24.7x8.2x
Tue, 06 Jun 2023NZ$12.2bNZ$1.5b-NZ$514,260,000.0011.7x-23.7x7.9x
Thu, 04 May 2023NZ$12.1bNZ$1.6bNZ$576.8m12.6x21x7.7x
Sat, 01 Apr 2023NZ$12.4bNZ$1.6bNZ$576.8m12.8x21.4x7.9x
Mon, 27 Feb 2023NZ$12.4bNZ$1.6bNZ$605.9m12.6x20.5x7.9x
Wed, 25 Jan 2023NZ$12.3bNZ$1.5bNZ$1.0b10.3x11.9x8.1x
Fri, 23 Dec 2022NZ$12.2bNZ$1.5bNZ$1.0b10.2x11.8x8.1x
Sun, 20 Nov 2022NZ$12.6bNZ$1.5bNZ$1.7b6.7x7.6x8.1x
Tue, 18 Oct 2022NZ$12.3bNZ$1.5bNZ$2.2b6x5.7x8.1x
Thu, 15 Sep 2022NZ$13.6bNZ$1.5bNZ$2.2b6.6x6.3x8.9x
Sat, 13 Aug 2022NZ$14.3bNZ$1.5bNZ$2.4b6.6x6.1x9.5x
Mon, 11 Jul 2022NZ$13.7bNZ$1.5bNZ$2.4b6.3x5.6x9.1x
Wed, 08 Jun 2022NZ$13.6bNZ$1.5bNZ$2.4b6.1x5.6x9.1x
Fri, 06 May 2022NZ$14.2bNZ$1.5bNZ$2.8b5.5x5.1x9.5x
Sun, 03 Apr 2022NZ$15.2bNZ$1.5bNZ$2.8b5.7x5.5x10.2x
Tue, 01 Mar 2022NZ$15.2bNZ$1.5bNZ$2.8b5.6x5.4x10.2x
Price to Earnings Ratio

5.4x


Total Market Cap: NZ$15.2bTotal Earnings: NZ$2.8bTotal Revenue: NZ$1.5bTotal Market Cap vs Earnings and Revenue0%0%0%
New Zealand Real Estate Sector Price to Earnings3Y Average -4.4x202320242025
Current Industry PE
  • Investors are pessimistic on the New Zealander Real Estate industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The 3-year average PS ratio of 8.2x is higher than the industry's current PS ratio of 7.2x.
Past Earnings Growth
  • Total earnings for the Real Estate industry have declined over the last three years, with the industry now making a loss overall.
  • Meanwhile revenues have grown 2.3% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

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

NZ Market-1.46%
Real Estate-1.95%
Specialized REITs0%0
Residential REITs0%0
Hotel and Resort REITs0%0
Real Estate-0.77%
Industrial REITs-1.15%
Health Care REITs-1.89%
REITS-2.12%
Retail REITs-2.42%
Office REITs-3.70%
Industry PE
  • Investors are most optimistic about the REITS industry which is trading above its 3-year average PE ratio of 9.4x.
    • Analysts are expecting annual earnings growth of 26.2% and investors are willing to pay a premium for that growth.
Forecasted Growth
  • Analysts are most optimistic on the Health Care REITs industry, expecting annual earnings growth of 90% over the next 5 years.
  • In contrast, the Specialized REITs industry is expected to see its earnings decline by 7.4% per year over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
No data available
Simply Wall St™
Simply Wall Street Pty Ltd
Level 7, 320 Pitt Street, Sydney
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