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New Zealand (NZX) REITS Industry Analysis

UpdatedJun 12, 2024
DataAggregated Company Financials
Companies3
  • 7D3.2%
  • 3M-2.3%
  • 1Y-3.1%
  • YTD-7.8%

The REITS is down 1.9% in the last week. However, the industry is down 5.2% over the past year. Looking forward, earnings are forecast to grow by 52% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 12 Jun 2024NZ$1.7bNZ$255.9m-NZ$116,696,000.00n/a-14.6x6.7x
Fri, 10 May 2024NZ$1.7bNZ$226.1m-NZ$243,538,000.00n/a-7x7.6x
Sun, 07 Apr 2024NZ$1.8bNZ$226.1m-NZ$243,538,000.00n/a-7.5x8x
Tue, 05 Mar 2024NZ$1.7bNZ$226.1m-NZ$243,538,000.00n/a-7.1x7.6x
Thu, 01 Feb 2024NZ$1.9bNZ$226.1m-NZ$243,538,000.00n/a-7.7x8.2x
Sat, 30 Dec 2023NZ$1.8bNZ$226.1m-NZ$243,538,000.00n/a-7.5x8.1x
Mon, 27 Nov 2023NZ$1.8bNZ$226.4m-NZ$210,629,000.00n/a-8.4x7.8x
Wed, 25 Oct 2023NZ$1.8bNZ$226.4m-NZ$210,629,000.00n/a-8.4x7.8x
Fri, 22 Sep 2023NZ$1.7bNZ$226.4m-NZ$210,629,000.00n/a-8.2x7.6x
Sun, 20 Aug 2023NZ$1.9bNZ$226.4m-NZ$210,629,000.00n/a-8.9x8.3x
Tue, 18 Jul 2023NZ$1.8bNZ$226.4m-NZ$210,629,000.00n/a-8.8x8.2x
Thu, 15 Jun 2023NZ$1.8bNZ$226.4m-NZ$210,629,000.00n/a-8.4x7.8x
Sat, 13 May 2023NZ$1.7bNZ$281.7mNZ$118.2m67.8x14.6x6.1x
Mon, 10 Apr 2023NZ$1.7bNZ$281.7mNZ$118.2m67.9x14.8x6.2x
Wed, 08 Mar 2023NZ$11.5bNZ$1.3bNZ$470.2m15.6x24.5x8.9x
Fri, 03 Feb 2023NZ$11.5bNZ$1.3bNZ$934.7m12.4x12.3x9.1x
Sun, 01 Jan 2023NZ$11.3bNZ$1.3bNZ$934.7m12.1x12.1x8.9x
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
Price to Earnings Ratio

6.2x


Total Market Cap: NZ$13.7bTotal Earnings: NZ$2.2bTotal Revenue: NZ$1.2bTotal Market Cap vs Earnings and Revenue0%0%0%
New Zealand REITS Industry Price to Earnings3Y Average 2.1x202220232024
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 40% per year, which is driving profits down.

Industry Trends

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

NZ Market-0.86%
Real Estate1.18%
REITS3.21%
Healthcare REITs4.28%
Diversified REITs3.21%
Retail REITs1.78%
Industrial REITs0.50%
Office REITs0.43%
Residential REITs0%
Hotel and Resort REITs0%
Specialized REITs-2.22%
Industry PE
  • Investors are most optimistic about the Specialized REITs industry which is trading above its 3-year average PE ratio of 3.9x.
    • 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 98% 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
SPG Stride Property GroupNZ$1.251.6%
+NZ$11.2m
-6.7%PB0.7x
APL Asset PlusNZ$0.227.3%
+NZ$5.4m
-15.4%PB0.6x
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Latest News

ARG

NZ$1.07

Argosy Property

7D

-0.9%

1Y

-3.6%

APL

NZ$0.22

Asset Plus

7D

7.3%

1Y

-15.4%

SPG

NZ$1.25

Stride Property Group

7D

1.6%

1Y

-6.7%