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New Zealand (NZX) Real Estate Sector Analysis

UpdatedDec 04, 2022
DataAggregated Company Financials
Companies12
  • 7D0.3%
  • 3M-9.6%
  • 1Y-19.5%
  • YTD-25.7%

Over the last 7 days, the Real Estate industry has remained flat, although notably Precinct Properties New Zealand gained 4.5%. Unfortunately though, the industry is down 19% over the past 12 months. Earnings are forecast to grow by 1.5% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 04 Dec 2022NZ$12.4bNZ$1.5bNZ$1.0b10.4x12x8.2x
Tue, 01 Nov 2022NZ$12.6bNZ$1.5bNZ$2.2b6.3x5.8x8.3x
Thu, 29 Sep 2022NZ$12.6bNZ$1.5bNZ$2.2b6.1x5.8x8.3x
Sat, 27 Aug 2022NZ$13.8bNZ$1.5bNZ$2.1b6.7x6.4x9x
Mon, 25 Jul 2022NZ$13.6bNZ$1.5bNZ$2.4b6.3x5.6x9.1x
Wed, 22 Jun 2022NZ$13.1bNZ$1.5bNZ$2.4b6x5.4x8.7x
Fri, 20 May 2022NZ$13.7bNZ$1.5bNZ$2.8b5.4x4.9x9.1x
Sun, 17 Apr 2022NZ$14.9bNZ$1.5bNZ$2.8b5.6x5.3x10x
Tue, 15 Mar 2022NZ$14.9bNZ$1.5bNZ$2.8b5.5x5.3x10x
Thu, 10 Feb 2022NZ$15.6bNZ$1.4bNZ$2.7b6.3x5.7x11.4x
Sat, 08 Jan 2022NZ$16.1bNZ$1.3bNZ$2.7b5.9x6x12.8x
Mon, 06 Dec 2021NZ$14.1bNZ$1.3bNZ$2.7b5.8x5.2x11.2x
Wed, 03 Nov 2021NZ$14.4bNZ$1.2bNZ$2.2bn/a6.5x11.9x
Fri, 01 Oct 2021NZ$14.4bNZ$1.2bNZ$2.2b5.8x6.5x11.9x
Sun, 29 Aug 2021NZ$14.8bNZ$1.2bNZ$2.2b6x6.6x12.2x
Mon, 05 Jul 2021NZ$13.8bNZ$1.2bNZ$2.2b5.6x6.2x11.4x
Thu, 08 Apr 2021NZ$13.4bNZ$1.2bNZ$1.9b7.7x7x11.3x
Sun, 10 Jan 2021NZ$14.1bNZ$1.1bNZ$1.2b14.3x11.7x12.4x
Sat, 03 Oct 2020NZ$12.6bNZ$1.1bNZ$674.4m12.9x18.8x11.5x
Tue, 07 Jul 2020NZ$11.2bNZ$1.1bNZ$528.1m11.9x21.2x10.4x
Fri, 10 Apr 2020NZ$10.6bNZ$1.1bNZ$599.8m10.7x17.6x10x
Thu, 02 Jan 2020NZ$13.1bNZ$1.0bNZ$1.0b11x12.7x12.5x
Price to Earnings Ratio

12.7x


Total Market Cap: NZ$13.1bTotal Earnings: NZ$1.0bTotal Revenue: NZ$1.0bTotal Market Cap vs Earnings and Revenue0%0%0%
New Zealand Real Estate Sector Price to Earnings3Y Average 10.7x20212022
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 industry is trading at a PE ratio of 9.3x which is lower than its 3-year average PE of 10.7x.
  • The 3-year average PS ratio of 11.0x is higher than the industry's current PS ratio of 8.3x.
Past Earnings Growth
  • The earnings for companies in the Real Estate industry have remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have grown 13% 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 and as a result, profits have held steady.

Industry Trends

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

NZ Market1.85%
Real Estate0.32%
REITS0.51%
Real Estate-1.96%
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.
    • Analysts are expecting annual earnings growth of 0.8%, which is higher than its past year's earnings decline of 49.1% per year.
  • Investors are most pessimistic about the Real Estate industry, which is trading below its 3-year average of 11.8x.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate industry, expecting annual earnings growth of 13% over the next 5 years.
  • This is better than its past earnings decline of 10.0% per year.
  • In contrast, the REITS industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
PCT Precinct Properties New ZealandNZ$1.284.5%
+NZ$87.2m
-18.8%PB0.8x
KPG Kiwi Property GroupNZ$0.932.2%
+NZ$31.4m
-19.1%PB0.7x
ARG Argosy PropertyNZ$1.212.5%
+NZ$25.4m
-19.1%PB0.7x
PFI Property For IndustryNZ$2.370.9%
+NZ$9.7m
-14.6%PB0.8x
APL Asset PlusNZ$0.239.5%
+NZ$7.3m
-24.6%PB0.5x
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KPG

NZ$0.93

Kiwi Property Group

7D

2.2%

1Y

-19.1%

PCT

NZ$1.28

Precinct Properties New Zealand

7D

4.5%

1Y

-18.8%

SPG

NZ$1.45

Stride Property Group

7D

-5.8%

1Y

-28.9%

APL

NZ$0.23

Asset Plus

7D

9.5%

1Y

-24.6%

ARG

NZ$1.21

Argosy Property

7D

2.5%

1Y

-19.1%

VHP

NZ$2.35

Vital Healthcare Property Trust

7D

0.4%

1Y

-18.4%

GMT

NZ$2.03

Goodman Property Trust

7D

-1.5%

1Y

-19.1%

IPL

NZ$1.49

Investore Property

7D

-3.2%

1Y

-20.7%

WIN

NZ$2.01

Winton Land

7D

-2.0%

1Y

n/a

NZL

NZ$1.06

New Zealand Rural Land

7D

-0.9%

1Y

-3.6%

PFI

NZ$2.37

Property For Industry

7D

0.9%

1Y

-14.6%

CDI

NZ$0.77

CDL Investments New Zealand

7D

-2.5%

1Y

-29.4%