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New Zealand (NZX) REITS Industry Analysis
UpdatedMar 11, 2026
DataAggregated Company Financials
Companies3
- 7D-2.2%
- 3M-11.7%
- 1Y4.5%
- YTD-11.6%
Over the last 7 days, the REITS industry has dropped 1.8%, driven by a pullback from Argosy Property of 3.5%. This takes the industry's 12 month performance to a gain of 5.2%. Earnings are forecast to grow by 1.0% annually.
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 |
|---|---|---|---|---|---|---|
| Wed, 11 Mar 2026 | NZ$1.7b | NZ$312.0m | NZ$193.3m | 10.3x | 8.7x | 5.4x |
| Fri, 06 Feb 2026 | NZ$1.8b | NZ$312.0m | NZ$193.3m | 10.8x | 9.3x | 5.8x |
| Sun, 04 Jan 2026 | NZ$1.9b | NZ$312.0m | NZ$193.3m | 11.9x | 10x | 6.2x |
| Tue, 02 Dec 2025 | NZ$2.0b | NZ$312.0m | NZ$193.3m | 12.2x | 10.2x | 6.3x |
| Thu, 30 Oct 2025 | NZ$2.0b | NZ$301.1m | NZ$141.8m | 23x | 13.9x | 6.5x |
| Sat, 27 Sep 2025 | NZ$1.9b | NZ$301.1m | NZ$141.8m | 21.7x | 13.3x | 6.3x |
| Mon, 25 Aug 2025 | NZ$1.8b | NZ$301.1m | NZ$141.8m | 20.4x | 12.7x | 6x |
| Wed, 23 Jul 2025 | NZ$1.7b | NZ$301.1m | NZ$141.8m | 19.9x | 12.2x | 5.8x |
| Fri, 20 Jun 2025 | NZ$1.6b | NZ$301.1m | NZ$141.8m | 18.1x | 11.4x | 5.3x |
| Sun, 18 May 2025 | NZ$1.6b | NZ$277.0m | NZ$11.6m | 45.4x | 140.9x | 5.9x |
| Tue, 15 Apr 2025 | NZ$1.6b | NZ$277.0m | NZ$11.6m | 44.9x | 133.1x | 5.6x |
| Thu, 13 Mar 2025 | NZ$1.6b | NZ$277.0m | NZ$11.6m | 46.8x | 137x | 5.8x |
| Sat, 08 Feb 2025 | NZ$1.7b | NZ$277.0m | NZ$11.6m | 49x | 143.9x | 6.1x |
| Mon, 06 Jan 2025 | NZ$1.7b | NZ$277.0m | NZ$11.6m | 50.1x | 142.8x | 6x |
| Wed, 04 Dec 2024 | NZ$1.7b | NZ$277.0m | NZ$11.6m | 57x | 149.3x | 6.3x |
| Fri, 01 Nov 2024 | NZ$1.8b | NZ$255.9m | -NZ$116,696,000.00 | n/a | -15.3x | 7x |
| Sun, 29 Sep 2024 | NZ$1.7b | NZ$255.9m | -NZ$116,696,000.00 | n/a | -14.9x | 6.8x |
| Tue, 27 Aug 2024 | NZ$1.9b | NZ$255.9m | -NZ$116,696,000.00 | n/a | -16x | 7.3x |
| Thu, 25 Jul 2024 | NZ$1.7b | NZ$255.9m | -NZ$116,696,000.00 | n/a | -14.8x | 6.7x |
| Sat, 22 Jun 2024 | NZ$1.6b | NZ$255.9m | -NZ$116,696,000.00 | n/a | -14.1x | 6.4x |
| Mon, 20 May 2024 | NZ$1.7b | NZ$226.1m | -NZ$243,538,000.00 | n/a | -6.8x | 7.3x |
| Wed, 17 Apr 2024 | NZ$1.8b | NZ$226.1m | -NZ$243,538,000.00 | n/a | -7.3x | 7.9x |
| Fri, 15 Mar 2024 | NZ$1.7b | NZ$226.1m | -NZ$243,538,000.00 | n/a | -7.1x | 7.7x |
| Sun, 11 Feb 2024 | NZ$1.8b | NZ$226.1m | -NZ$243,538,000.00 | n/a | -7.4x | 7.9x |
| Tue, 09 Jan 2024 | NZ$1.9b | NZ$226.1m | -NZ$243,538,000.00 | n/a | -7.6x | 8.2x |
| Thu, 07 Dec 2023 | NZ$1.7b | NZ$226.1m | -NZ$243,538,000.00 | n/a | -7.1x | 7.6x |
| Sat, 04 Nov 2023 | NZ$1.7b | NZ$226.4m | -NZ$210,629,000.00 | n/a | -8.2x | 7.6x |
| Mon, 02 Oct 2023 | NZ$1.7b | NZ$226.4m | -NZ$210,629,000.00 | n/a | -8.3x | 7.7x |
| Wed, 30 Aug 2023 | NZ$1.9b | NZ$226.4m | -NZ$210,629,000.00 | n/a | -9x | 8.4x |
| Fri, 28 Jul 2023 | NZ$1.9b | NZ$226.4m | -NZ$210,629,000.00 | n/a | -9.2x | 8.6x |
| Sun, 25 Jun 2023 | NZ$1.8b | NZ$226.4m | -NZ$210,629,000.00 | n/a | -8.4x | 7.8x |
| Tue, 23 May 2023 | NZ$1.7b | NZ$291.1m | -NZ$82,473,000.00 | 130.5x | -20.9x | 5.9x |
| Thu, 20 Apr 2023 | NZ$1.8b | NZ$281.7m | NZ$118.2m | 67.9x | 14.9x | 6.2x |
| Sat, 18 Mar 2023 | NZ$11.4b | NZ$1.3b | NZ$470.2m | 15.5x | 24.2x | 8.8x |
Price to Earnings Ratio
24.2x
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
- The earnings for companies in the REITs industry have declined 26% per year over the last three years,
- Revenues have also declined 38% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Trends
Which industries have driven the changes within the New Zealand Real Estate industry?
| NZ Market | -3.75% | |
| Real Estate | -1.52% | |
| REITS | -2.16% | |
| Office REITs | 1.40% | |
| Industrial REITs | -0.18% | |
| Healthcare REITs | -1.81% | |
| Diversified REITs | -2.16% | |
| Specialized REITs | -2.91% | |
| Retail REITs | -5.25% | |
Industry PE
- Investors are most optimistic about the Office REITs industry which is trading above its 3-year average PE ratio of 10.8x.
- Analysts are expecting annual earnings growth of 26.4% and investors are willing to pay a premium for that growth.
Forecasted Growth
- Analysts are most optimistic on the Healthcare REITs industry, expecting annual earnings growth of 51% over the next 5 years.
- In contrast, the Diversified 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 | |
|---|---|---|---|---|---|
| No data available | |||||