New Zealand (NZX) REITS Industry Analysis
UpdatedJul 26, 2024
DataAggregated Company Financials
Companies3
- 7D3.1%
- 3M-1.9%
- 1Y-13.1%
- YTD-8.3%
Over the last 7 days, the REITS industry has risen 3.1%, driven by gains from Stride Property Group of 2.4%. In the past year, the industry is down 13%. As for the next few years, earnings are expected to grow by 52% per annum.
Industry Valuation and Performance
Has the New Zealand REITS Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 27 Jul 2024 | NZ$1.7b | NZ$255.9m | -NZ$116,696,000.00 | n/a | -14.6x | 6.6x |
| Mon, 24 Jun 2024 | NZ$1.6b | NZ$255.9m | -NZ$116,696,000.00 | n/a | -14.1x | 6.4x |
| Wed, 22 May 2024 | NZ$1.7b | NZ$226.1m | -NZ$243,538,000.00 | n/a | -7x | 7.5x |
| Fri, 19 Apr 2024 | NZ$1.8b | NZ$226.1m | -NZ$243,538,000.00 | n/a | -7.3x | 7.8x |
| Sun, 17 Mar 2024 | NZ$1.8b | NZ$226.1m | -NZ$243,538,000.00 | n/a | -7.3x | 7.8x |
| Tue, 13 Feb 2024 | NZ$1.8b | NZ$226.1m | -NZ$243,538,000.00 | n/a | -7.3x | 7.9x |
| Thu, 11 Jan 2024 | NZ$1.9b | NZ$226.1m | -NZ$243,538,000.00 | n/a | -7.6x | 8.2x |
| Sat, 09 Dec 2023 | NZ$1.8b | NZ$226.1m | -NZ$243,538,000.00 | n/a | -7.2x | 7.8x |
| Mon, 06 Nov 2023 | NZ$1.7b | NZ$226.4m | -NZ$210,629,000.00 | n/a | -8.2x | 7.6x |
| Wed, 04 Oct 2023 | NZ$1.8b | NZ$226.4m | -NZ$210,629,000.00 | n/a | -8.3x | 7.7x |
| Fri, 01 Sep 2023 | NZ$1.8b | NZ$226.4m | -NZ$210,629,000.00 | n/a | -8.8x | 8.2x |
| Sun, 30 Jul 2023 | NZ$1.9b | NZ$226.4m | -NZ$210,629,000.00 | n/a | -9.2x | 8.6x |
| Tue, 27 Jun 2023 | NZ$1.8b | NZ$226.4m | -NZ$210,629,000.00 | n/a | -8.4x | 7.8x |
| Thu, 25 May 2023 | NZ$1.7b | NZ$291.1m | -NZ$82,473,000.00 | 133x | -21x | 6x |
| Sat, 22 Apr 2023 | NZ$1.8b | NZ$281.7m | NZ$118.2m | 67.9x | 14.9x | 6.3x |
| Mon, 20 Mar 2023 | NZ$1.8b | NZ$281.7m | NZ$118.2m | 70.6x | 15.2x | 6.4x |
| Wed, 15 Feb 2023 | NZ$11.6b | NZ$1.3b | NZ$934.7m | 12.4x | 12.4x | 9.2x |
| Fri, 13 Jan 2023 | NZ$11.3b | NZ$1.3b | NZ$934.7m | 12.3x | 12.1x | 8.9x |
| Sun, 11 Dec 2022 | NZ$11.6b | NZ$1.3b | NZ$934.7m | 12.4x | 12.5x | 9.2x |
| Tue, 08 Nov 2022 | NZ$11.6b | NZ$1.3b | NZ$2.1b | 6.1x | 5.6x | 9.1x |
| Thu, 06 Oct 2022 | NZ$11.9b | NZ$1.3b | NZ$2.1b | 6.1x | 5.8x | 9.3x |
| Sat, 03 Sep 2022 | NZ$12.6b | NZ$1.3b | NZ$2.1b | 6.5x | 6.1x | 9.8x |
| Mon, 01 Aug 2022 | NZ$12.8b | NZ$1.3b | NZ$2.3b | 5.2x | 5.5x | 10.1x |
| Wed, 29 Jun 2022 | NZ$12.2b | NZ$1.3b | NZ$2.3b | 4.9x | 5.2x | 9.6x |
| Fri, 27 May 2022 | NZ$12.4b | NZ$1.3b | NZ$2.4b | 5x | 5.2x | 9.7x |
| Sun, 24 Apr 2022 | NZ$13.4b | NZ$1.3b | NZ$2.7b | 5.1x | 5x | 10.6x |
| Tue, 22 Mar 2022 | NZ$13.7b | NZ$1.3b | NZ$2.7b | 5.2x | 5.1x | 10.8x |
| Thu, 17 Feb 2022 | NZ$13.9b | NZ$1.3b | NZ$2.7b | 4.2x | 5.2x | 11x |
| Sat, 15 Jan 2022 | NZ$14.7b | NZ$1.3b | NZ$2.7b | 5.4x | 5.5x | 11.7x |
| Mon, 13 Dec 2021 | NZ$14.5b | NZ$1.3b | NZ$2.7b | 6x | 5.4x | 11.5x |
| Wed, 10 Nov 2021 | NZ$14.1b | NZ$1.2b | NZ$2.2b | n/a | 6.3x | 11.7x |
| Fri, 08 Oct 2021 | NZ$14.4b | NZ$1.2b | NZ$2.2b | 5.8x | 6.5x | 11.9x |
| Sun, 05 Sep 2021 | NZ$14.7b | NZ$1.2b | NZ$2.2b | 6x | 6.6x | 12.2x |
| Tue, 03 Aug 2021 | NZ$14.1b | NZ$1.2b | NZ$2.2b | 5.8x | 6.3x | 11.7x |
Price to Earnings Ratio
6.3x
Current Industry PE
- There are only 3 companies in the New Zealander REITs industry, so there is insufficient data to make an industry-wide assessment of both the PE and PS ratio.
Past Earnings Growth
- Total earnings for the REITs industry have declined over the last three years, with the industry now making a loss overall.
- Revenues have also declined 40% per year, which is driving profits down.
Industry Trends
Which industries have driven the changes within the New Zealand Real Estate industry?
| NZ Market | 0.32% | |
| Real Estate | 1.54% | |
| REITS | 3.07% | |
| Office REITs | 4.15% | |
| Diversified REITs | 3.07% | |
| Retail REITs | 1.95% | |
| Specialized REITs | 1.11% | |
| Healthcare REITs | 1.05% | |
| Residential REITs | 0% | |
| Hotel and Resort REITs | 0% | |
| Industrial REITs | -0.20% | |
Industry PE
- Investors are most optimistic about the Specialized REITs industry which is trading above its 3-year average PE ratio of 4.6x.
- Analysts are expecting annual earnings growth of 0.8%, which is higher than its past year's earnings decline of 74.0% per year.
Forecasted Growth
- Analysts are most optimistic on the Office REITs industry, expecting annual earnings growth of 95% over the next 5 years.
- In contrast, the Specialized 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| SPG Stride Property Group | NZ$1.27 | 2.4% +NZ$16.8m | -15.9% | PB0.7x | |
| APL Asset Plus | NZ$0.21 | 2.4% +NZ$1.8m | -18.9% | PB0.6x |