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New Zealand (NZX) REITS Industry Analysis

UpdatedNov 29, 2022
DataAggregated Company Financials
Companies9
  • 7D-2.9%
  • 3M-10.6%
  • 1Y-20.1%
  • YTD-25.2%

Over the last 7 days, the REITS industry has dropped 2.9%, driven by pullbacks from every company within the industry. Overall the industry is down 20% in 12 months. In the next few years earnings are forecast to be pretty stable.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 29 Nov 2022NZ$11.3bNZ$1.3bNZ$1.2b10.1x9.2x9x
Thu, 27 Oct 2022NZ$11.3bNZ$1.3bNZ$2.1b5.9x5.5x8.8x
Sat, 24 Sep 2022NZ$12.3bNZ$1.3bNZ$2.1b6.3x6x9.6x
Mon, 22 Aug 2022NZ$12.9bNZ$1.3bNZ$2.3b5.9x5.6x10.1x
Wed, 20 Jul 2022NZ$12.5bNZ$1.3bNZ$2.3b5.1x5.3x9.8x
Fri, 17 Jun 2022NZ$11.9bNZ$1.3bNZ$2.3b4.5x5.1x9.4x
Sun, 15 May 2022NZ$12.3bNZ$1.3bNZ$2.7b5.1x4.6x9.7x
Tue, 12 Apr 2022NZ$13.6bNZ$1.3bNZ$2.7b5.1x5x10.7x
Thu, 10 Mar 2022NZ$13.5bNZ$1.3bNZ$2.7b5.3x5x10.7x
Sat, 05 Feb 2022NZ$14.4bNZ$1.3bNZ$2.7b15.4x5.4x11.5x
Mon, 03 Jan 2022NZ$14.8bNZ$1.3bNZ$2.7b6.2x5.5x11.7x
Wed, 01 Dec 2021NZ$13.6bNZ$1.3bNZ$2.7bn/a5.1x10.8x
Fri, 29 Oct 2021NZ$14.3bNZ$1.2bNZ$2.2b5.9x6.4x11.8x
Sun, 26 Sep 2021NZ$14.5bNZ$1.2bNZ$2.2b5.9x6.5x12x
Tue, 24 Aug 2021NZ$14.6bNZ$1.2bNZ$2.2b6.1x6.6x12.1x
Wed, 30 Jun 2021NZ$13.7bNZ$1.2bNZ$2.2b5.8x6.2x11.4x
Sat, 03 Apr 2021NZ$13.3bNZ$1.2bNZ$1.9b7.7x7x11.2x
Tue, 05 Jan 2021NZ$14.0bNZ$1.1bNZ$1.2b14.3x11.7x12.3x
Fri, 09 Oct 2020NZ$12.6bNZ$1.1bNZ$674.4m12.9x18.8x11.5x
Thu, 02 Jul 2020NZ$11.2bNZ$1.1bNZ$528.1m11.9x21.2x10.4x
Sun, 05 Apr 2020NZ$10.6bNZ$1.1bNZ$599.8m10.7x17.6x10x
Wed, 08 Jan 2020NZ$13.1bNZ$1.0bNZ$1.0b11x12.7x12.5x
Price to Earnings Ratio

9.8x


Total Market Cap: NZ$12.8bTotal Earnings: NZ$1.3bTotal Revenue: NZ$1.0bTotal Market Cap vs Earnings and Revenue0%0%0%
New Zealand REITS Industry Price to Earnings3Y Average 10.6x202020212022
Current Industry PE
  • Investors are pessimistic on the New Zealander REITs industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 9.2x which is lower than its 3-year average PE of 10.6x.
  • The 3-year average PS ratio of 11.2x is higher than the industry's current PS ratio of 9.0x.
Past Earnings Growth
  • The earnings for companies in the REITs industry have remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have grown 6.8% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.

Industry Trends

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

NZ Market-1.02%
Real Estate-2.78%
REITS-2.89%
Residential REITs0%
Specialized REITs0%
Hotel and Resort REITs0%
Retail REITs-0.39%
Office REITs-0.40%
Healthcare REITs-1.49%
Industrial REITs-4.12%
Diversified REITs-6.31%
Industry PE
  • Investors are most optimistic about the Office REITs industry even though it's trading below its 3-year average PE ratio of 23.5x.
    • Analysts are expecting annual earnings growth of 13.5%, which is higher than its past year's earnings decline of 41.4% per year.
  • Investors are most pessimistic about the Healthcare REITs industry, which is trading below its 3-year average of 10.3x.
Forecasted Growth
  • Analysts are most optimistic on the Diversified REITs industry, expecting annual earnings growth of 48% over the next 5 years.
  • This is better than its past earnings decline of 67% per year.
  • In contrast, the Healthcare REITs industry is expected to see its earnings decline by 41% 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
No data available
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Latest News

ARG

NZ$1.16

Argosy Property

7D

-7.6%

1Y

-21.6%

SPG

NZ$1.48

Stride Property Group

7D

-8.6%

1Y

-28.8%

PCT

NZ$1.21

Precinct Properties New Zealand

7D

-2.0%

1Y

-22.2%

VHP

NZ$2.31

Vital Healthcare Property Trust

7D

-1.9%

1Y

-19.4%

GMT

NZ$2.01

Goodman Property Trust

7D

-3.8%

1Y

-18.5%

IPL

NZ$1.50

Investore Property

7D

-2.6%

1Y

-18.9%

PFI

NZ$2.33

Property For Industry

7D

-4.9%

1Y

-16.2%