Has the New Zealand REITS Industry valuation changed over the past few years?
|Mon, 29 Nov 2021||NZ$13.8b||NZ$1.3b||NZ$2.7b||5.7x|
|Wed, 27 Oct 2021||NZ$14.3b||NZ$1.2b||NZ$2.2b||6x|
|Fri, 24 Sep 2021||NZ$14.5b||NZ$1.2b||NZ$2.2b||5.9x|
|Sun, 22 Aug 2021||NZ$14.4b||NZ$1.2b||NZ$2.2b||6.2x|
|Fri, 09 Jul 2021||NZ$13.7b||NZ$1.2b||NZ$2.2b||5.8x|
|Thu, 01 Apr 2021||NZ$13.3b||NZ$1.2b||NZ$1.9b||7.7x|
|Sun, 03 Jan 2021||NZ$14.0b||NZ$1.1b||NZ$1.2b||14.3x|
|Wed, 07 Oct 2020||NZ$12.6b||NZ$1.1b||NZ$674.4m||12.9x|
|Tue, 30 Jun 2020||NZ$11.2b||NZ$1.1b||NZ$528.1m||11.9x|
|Fri, 03 Apr 2020||NZ$10.6b||NZ$1.1b||NZ$599.8m||10.7x|
|Mon, 06 Jan 2020||NZ$13.1b||NZ$1.0b||NZ$1.0b||11x|
|Thu, 10 Oct 2019||NZ$12.8b||NZ$1.0b||NZ$1.3b||12.5x|
|Wed, 03 Jul 2019||NZ$11.9b||NZ$1.0b||NZ$1.2b||11.8x|
|Sat, 06 Apr 2019||NZ$10.7b||NZ$1.0b||NZ$1.1b||9.7x|
|Tue, 08 Jan 2019||NZ$9.8b||NZ$1.0b||NZ$1.1b||8.2x|
Current Industry PE: Investors are more pessimistic on the industry, considering it's trading at a PE ratio of 5.7x which is lower than its 3-year average PE of 10.6x. Given that earnings are expected to decline by 31%, the lower than average PE seems justified.
Past Earnings Growth: The earnings for companies in the REITs industry have grown 36% per year over the last three years, and revenues for these companies have grown 6.2% per year. This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Which industries have driven the changes within the New Zealand REITS industry?
Industry PE: Investors are most optimistic about the Office REITs industry even though it's trading below its 3-year average PE ratio of 18.5x. However analysts are expecting annual earnings growth of 2.7%, which is lower than the prior year's growth of 522% per year. So the market might believe that analysts are underestimating future growth. Meanwhile, investors are most pessimistic about the Industrial REITs industry, which is trading below its 3-year average of 8.0x.
Forecasted Growth: Analysts are most optimistic on the Office REITs industry, expecting annual earnings growth of 2.7% over the next 5 years. Meanwhile, the Industrial REITs industry is expected to see its earnings decline by 53% per year over the next few years.
Which companies have driven the market over the last 7 days?
|No data available|
Stride Property Group
Vital Healthcare Property Trust
Kiwi Property Group
Goodman Property Trust
Precinct Properties New Zealand
Property For Industry