CDL Investments New Zealand (NZSE:CDI) Has Announced A Dividend Of NZ$0.0412
Apr 25
New Zealand (NZX) Real Estate Sector Analysis
UpdatedMay 10, 2024
DataAggregated Company Financials
Companies12
- 7D-0.3%
- 3M-4.2%
- 1Y-3.8%
- YTD-5.9%
In the last week, the Real Estate industry is flat overall, with Vital Healthcare Property Trust standing out by going down 3.5%. As for the longer term, the industry has declined 3.8% in the last year. Looking forward, earnings are forecast to grow by 59% annually.
Sector Valuation and Performance
Has the New Zealand Real Estate Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 10 May 2024 | NZ$12.1b | NZ$1.5b | -NZ$1,284,111,000.00 | 15.3x | -9.5x | 7.9x |
| Sun, 07 Apr 2024 | NZ$12.7b | NZ$1.5b | -NZ$1,289,591,000.00 | 16.7x | -9.8x | 8.2x |
| Tue, 05 Mar 2024 | NZ$11.8b | NZ$1.5b | -NZ$1,289,591,000.00 | 15.1x | -9.2x | 7.7x |
| Thu, 01 Feb 2024 | NZ$12.6b | NZ$1.5b | -NZ$1,253,498,000.00 | 14.8x | -10x | 8.2x |
| Sat, 30 Dec 2023 | NZ$12.7b | NZ$1.5b | -NZ$1,253,498,000.00 | 15.4x | -10.1x | 8.3x |
| Mon, 27 Nov 2023 | NZ$11.9b | NZ$1.5b | -NZ$1,335,120,000.00 | 14.1x | -8.9x | 7.7x |
| Wed, 25 Oct 2023 | NZ$11.8b | NZ$1.5b | -NZ$1,043,221,000.00 | 13.8x | -11.3x | 7.7x |
| Fri, 22 Sep 2023 | NZ$12.0b | NZ$1.5b | -NZ$1,043,221,000.00 | 13.6x | -11.5x | 7.8x |
| Sun, 20 Aug 2023 | NZ$12.8b | NZ$1.5b | -NZ$735,643,000.00 | 13.8x | -17.4x | 8.5x |
| Tue, 18 Jul 2023 | NZ$12.7b | NZ$1.5b | -NZ$514,260,000.00 | 11.8x | -24.6x | 8.2x |
| Thu, 15 Jun 2023 | NZ$12.3b | NZ$1.5b | -NZ$514,260,000.00 | 11.6x | -23.9x | 8x |
| Sat, 13 May 2023 | NZ$12.2b | NZ$1.6b | NZ$576.8m | 12.9x | 21.1x | 7.8x |
| Mon, 10 Apr 2023 | NZ$12.3b | NZ$1.6b | NZ$576.8m | 12.8x | 21.3x | 7.8x |
| Wed, 08 Mar 2023 | NZ$12.4b | NZ$1.6b | NZ$605.9m | 12.7x | 20.5x | 7.9x |
| Fri, 03 Feb 2023 | NZ$12.4b | NZ$1.5b | NZ$1.0b | 10.3x | 11.9x | 8.2x |
| Sun, 01 Jan 2023 | NZ$12.1b | NZ$1.5b | NZ$1.0b | 10.2x | 11.7x | 8x |
| Tue, 29 Nov 2022 | NZ$12.3b | NZ$1.5b | NZ$1.3b | 8.3x | 9.2x | 8.2x |
| Thu, 27 Oct 2022 | NZ$12.3b | NZ$1.5b | NZ$2.2b | 6x | 5.7x | 8.1x |
| Sat, 24 Sep 2022 | NZ$13.4b | NZ$1.5b | NZ$2.2b | 6.5x | 6.2x | 8.8x |
| Mon, 22 Aug 2022 | NZ$14.0b | NZ$1.5b | NZ$2.4b | 6.5x | 5.8x | 9.4x |
| Wed, 20 Jul 2022 | NZ$13.6b | NZ$1.5b | NZ$2.4b | 6.3x | 5.6x | 9.1x |
| Fri, 17 Jun 2022 | NZ$13.1b | NZ$1.5b | NZ$2.4b | 6x | 5.4x | 8.7x |
| Sun, 15 May 2022 | NZ$13.6b | NZ$1.5b | NZ$2.8b | 5.3x | 4.9x | 9.1x |
| Tue, 12 Apr 2022 | NZ$15.0b | NZ$1.5b | NZ$2.8b | 5.7x | 5.4x | 10.1x |
| Thu, 10 Mar 2022 | NZ$15.0b | NZ$1.5b | NZ$2.8b | 5.6x | 5.4x | 10x |
| Sat, 05 Feb 2022 | NZ$15.9b | NZ$1.4b | NZ$2.7b | 12.1x | 5.8x | 11.6x |
| Mon, 03 Jan 2022 | NZ$16.0b | NZ$1.3b | NZ$2.7b | 6.2x | 5.9x | 12.7x |
| Wed, 01 Dec 2021 | NZ$13.7b | NZ$1.3b | NZ$2.7b | n/a | 5.1x | 10.9x |
| Fri, 29 Oct 2021 | NZ$14.4b | NZ$1.2b | NZ$2.2b | 6x | 6.4x | 11.9x |
| Sun, 26 Sep 2021 | NZ$14.6b | NZ$1.2b | NZ$2.2b | 5.9x | 6.5x | 12.1x |
| Tue, 24 Aug 2021 | NZ$14.7b | NZ$1.2b | NZ$2.2b | 5.9x | 6.6x | 12.1x |
| Wed, 30 Jun 2021 | NZ$13.8b | NZ$1.2b | NZ$2.2b | 5.6x | 6.2x | 11.4x |
Price to Earnings Ratio
7x
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 9.2x is higher than the industry's current PS ratio of 7.9x.
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 8.9% 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 | -1.03% | |
| Real Estate | -0.31% | |
| Retail REITs | 1.89% | |
| Office REITs | 0.43% | |
| REITS | 0.36% | |
| Industrial REITs | 0.10% | |
| Residential REITs | 0% | |
| Hotel and Resort REITs | 0% | |
| Specialized REITs | -2.13% | |
| Health Care REITs | -3.51% | |
| Real Estate | -4.17% | |
Industry PE
- Investors are most optimistic about the Real Estate industry which is trading above its 3-year average PE ratio of 13.2x.
- Analysts are expecting annual earnings growth of 14.6%, which is higher than its past year's earnings decline of 47.6% per year.
Forecasted Growth
- Analysts are most optimistic on the Office REITs industry, expecting annual earnings growth of 98% over the next 5 years.
- In contrast, the Specialized REITs industry is expected to see its earnings grow by 3.4% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| ARG Argosy Property | NZ$1.12 | 0.9% +NZ$8.5m | 1.8% | PB0.7x |