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New Zealand (NZX) REITS Industry Analysis

UpdatedNov 28, 2021
DataAggregated Company Financials
Companies9
  • 7D-1.4%
  • 3M-9.3%
  • 1Y-5.0%
  • YTD-6.8%

Over the last 7 days, the REITS industry has dropped 1.4%, driven by declines in Goodman Property Trust and Stride Property Group of 1.4% and 4.5%, respectively. However, the industry is down 5.0% over the past year.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPE
Mon, 29 Nov 2021NZ$13.8bNZ$1.3bNZ$2.7b5.7x
Wed, 27 Oct 2021NZ$14.3bNZ$1.2bNZ$2.2b6x
Fri, 24 Sep 2021NZ$14.5bNZ$1.2bNZ$2.2b5.9x
Sun, 22 Aug 2021NZ$14.4bNZ$1.2bNZ$2.2b6.2x
Fri, 09 Jul 2021NZ$13.7bNZ$1.2bNZ$2.2b5.8x
Thu, 01 Apr 2021NZ$13.3bNZ$1.2bNZ$1.9b7.7x
Sun, 03 Jan 2021NZ$14.0bNZ$1.1bNZ$1.2b14.3x
Wed, 07 Oct 2020NZ$12.6bNZ$1.1bNZ$674.4m12.9x
Tue, 30 Jun 2020NZ$11.2bNZ$1.1bNZ$528.1m11.9x
Fri, 03 Apr 2020NZ$10.6bNZ$1.1bNZ$599.8m10.7x
Mon, 06 Jan 2020NZ$13.1bNZ$1.0bNZ$1.0b11x
Thu, 10 Oct 2019NZ$12.8bNZ$1.0bNZ$1.3b12.5x
Wed, 03 Jul 2019NZ$11.9bNZ$1.0bNZ$1.2b11.8x
Sat, 06 Apr 2019NZ$10.7bNZ$1.0bNZ$1.1b9.7x
Tue, 08 Jan 2019NZ$9.8bNZ$1.0bNZ$1.1b8.2x
PE Ratio

8.9x

Total Market Cap: NZ$9.7bTotal Earnings: NZ$1.1bTotal Revenue: NZ$1.1b0%0%0%3 Year10 Year
201920202021

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.

Industry Trends

Which industries have driven the changes within the New Zealand REITS industry?

Office REITs0%
Retail REITs-0.13%
Healthcare REITs-1.20%
Industrial REITs-1.61%
Diversified REITs-3.64%

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.

Top Stock Gainers and Losers

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

Company7D1YValuation
No data available
Simply Wall St
Simply Wall Street Pty Ltd
17-21 Bellevue Street, Surry Hills, Sydney
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