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New Zealand (NZX) REITS Industry Analysis

UpdatedMay 01, 2024
DataAggregated Company Financials
Companies3
  • 7D-0.02%
  • 3M-7.0%
  • 1Y-0.6%
  • YTD-6.5%

Over the last 7 days, the REITS industry has dropped 2.9%, driven by a pullback from Stride Property Group of 1.6%. As for the longer term, the industry's performance has been flat for the past year. Looking forward, earnings are forecast to grow by 50% annually.

Industry Valuation and Performance

Has the New Zealand REITS Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 01 May 2024NZ$1.7bNZ$226.1m-NZ$243,538,000.00n/a-7.1x7.7x
Fri, 29 Mar 2024NZ$1.8bNZ$226.1m-NZ$243,538,000.00n/a-7.3x7.9x
Sun, 25 Feb 2024NZ$1.8bNZ$226.1m-NZ$243,538,000.00n/a-7.3x7.8x
Tue, 23 Jan 2024NZ$1.8bNZ$226.1m-NZ$243,538,000.00n/a-7.5x8x
Thu, 21 Dec 2023NZ$1.8bNZ$226.1m-NZ$243,538,000.00n/a-7.4x8x
Sat, 18 Nov 2023NZ$1.7bNZ$226.4m-NZ$210,629,000.00n/a-8.3x7.7x
Mon, 16 Oct 2023NZ$1.8bNZ$226.4m-NZ$210,629,000.00n/a-8.5x7.9x
Wed, 13 Sep 2023NZ$1.7bNZ$226.4m-NZ$210,629,000.00n/a-8.2x7.6x
Fri, 11 Aug 2023NZ$1.9bNZ$226.4m-NZ$210,629,000.00n/a-9x8.4x
Sun, 09 Jul 2023NZ$1.9bNZ$226.4m-NZ$210,629,000.00n/a-8.9x8.3x
Tue, 06 Jun 2023NZ$1.8bNZ$226.4m-NZ$210,629,000.00n/a-8.4x7.8x
Thu, 04 May 2023NZ$1.7bNZ$281.7mNZ$118.2m66.6x14.6x6.1x
Sat, 01 Apr 2023NZ$1.7bNZ$281.7mNZ$118.2m67.9x14.7x6.2x
Mon, 27 Feb 2023NZ$11.5bNZ$1.3bNZ$470.2m15.7x24.4x8.9x
Wed, 25 Jan 2023NZ$11.4bNZ$1.3bNZ$934.7m12.3x12.2x9x
Fri, 23 Dec 2022NZ$11.4bNZ$1.3bNZ$934.7m12.1x12.2x9x
Sun, 20 Nov 2022NZ$11.5bNZ$1.3bNZ$1.5b6.3x7.5x8.9x
Tue, 18 Oct 2022NZ$11.3bNZ$1.3bNZ$2.1b5.9x5.5x8.8x
Thu, 15 Sep 2022NZ$12.5bNZ$1.3bNZ$2.1b6.4x6.1x9.8x
Sat, 13 Aug 2022NZ$13.2bNZ$1.3bNZ$2.3b6.1x5.8x10.3x
Mon, 11 Jul 2022NZ$12.5bNZ$1.3bNZ$2.3b5.3x5.3x9.8x
Wed, 08 Jun 2022NZ$12.4bNZ$1.3bNZ$2.3b4.9x5.3x9.7x
Fri, 06 May 2022NZ$12.9bNZ$1.3bNZ$2.7b4.9x4.8x10.2x
Sun, 03 Apr 2022NZ$13.8bNZ$1.3bNZ$2.7b5.2x5.1x10.9x
Tue, 01 Mar 2022NZ$13.7bNZ$1.3bNZ$2.7b5.1x5.1x10.8x
Thu, 27 Jan 2022NZ$14.1bNZ$1.3bNZ$2.7b13.5x5.3x11.2x
Sat, 25 Dec 2021NZ$14.5bNZ$1.3bNZ$2.7b10.7x5.4x11.5x
Mon, 22 Nov 2021NZ$14.0bNZ$1.2bNZ$2.6b5.8x5.4x11.5x
Wed, 20 Oct 2021NZ$14.2bNZ$1.2bNZ$2.2b5.6x6.4x11.8x
Fri, 17 Sep 2021NZ$14.4bNZ$1.2bNZ$2.2b5.8x6.5x11.9x
Sun, 15 Aug 2021NZ$14.5bNZ$1.2bNZ$2.2b6.1x6.5x12x
Thu, 10 Jun 2021NZ$13.4bNZ$1.2bNZ$1.9b7.4x7x11.3x
Price to Earnings Ratio

7x


Total Market Cap: NZ$13.4bTotal Earnings: NZ$1.9bTotal Revenue: NZ$1.2bTotal Market Cap vs Earnings and Revenue0%0%0%
New Zealand REITS Industry Price to Earnings3Y Average 2.7x202220232024
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 42% per year, which is driving profits down.

Industry Trends

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

NZ Market1.12%
Real Estate0.55%
REITS-0.017%
Industrial REITs1.69%
Healthcare REITs1.16%
Office REITs0%
Residential REITs0%
Hotel and Resort REITs0%
Diversified REITs-0.017%
Retail REITs-0.71%
Specialized REITs-1.11%
Industry PE
  • Investors are most optimistic about the Specialized REITs industry which is trading above its 3-year average PE ratio of 2.9x.
    • Analysts are expecting annual earnings growth of 3.4%, 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 102% 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?

CompanyLast Price7D1YValuation
ARG Argosy PropertyNZ$1.131.4%
+NZ$12.7m		1.4%PB0.7x
Simply Wall St™
Simply Wall Street Pty Ltd
Level 7, 320 Pitt Street, Sydney
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Latest News

ARG

NZ$1.13

Argosy Property

7D

1.4%

1Y

1.4%

SPG

NZ$1.25

Stride Property Group

7D

-1.6%

1Y

-2.3%

APL

NZ$0.23

Asset Plus

7D

-2.2%

1Y

-8.2%