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New Zealand (NZX) REITS Industry Analysis

UpdatedJan 02, 2025
DataAggregated Company Financials
Companies3
  • 7D-2.1%
  • 3M-6.5%
  • 1Y-10.6%
  • YTDn/a

Over the last 7 days, the REITS industry has dropped 2.1%, driven by pullbacks from every company within the industry. Overall the industry is down 11% in 12 months. As for the next few years, earnings are expected to grow by 27% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 03 Jan 2025NZ$1.7bNZ$277.0mNZ$11.6m50.8x142.3x6x
Sun, 01 Dec 2024NZ$1.8bNZ$277.0mNZ$11.6m54.6x151.6x6.4x
Tue, 29 Oct 2024NZ$1.8bNZ$255.9m-NZ$116,696,000.00n/a-15.4x7x
Thu, 26 Sep 2024NZ$1.8bNZ$255.9m-NZ$116,696,000.00n/a-15.1x6.9x
Sat, 24 Aug 2024NZ$1.9bNZ$255.9m-NZ$116,696,000.00n/a-16x7.3x
Mon, 22 Jul 2024NZ$1.7bNZ$255.9m-NZ$116,696,000.00n/a-14.3x6.5x
Wed, 19 Jun 2024NZ$1.6bNZ$255.9m-NZ$116,696,000.00n/a-14.1x6.4x
Fri, 17 May 2024NZ$1.7bNZ$226.1m-NZ$243,538,000.00n/a-6.9x7.4x
Sun, 14 Apr 2024NZ$1.8bNZ$226.1m-NZ$243,538,000.00n/a-7.4x7.9x
Tue, 12 Mar 2024NZ$1.8bNZ$226.1m-NZ$243,538,000.00n/a-7.3x7.8x
Thu, 08 Feb 2024NZ$1.8bNZ$226.1m-NZ$243,538,000.00n/a-7.4x7.9x
Sat, 06 Jan 2024NZ$1.8bNZ$226.1m-NZ$243,538,000.00n/a-7.5x8.1x
Mon, 04 Dec 2023NZ$1.7bNZ$226.1m-NZ$243,538,000.00n/a-7.1x7.7x
Wed, 01 Nov 2023NZ$1.7bNZ$226.4m-NZ$210,629,000.00n/a-8.2x7.7x
Fri, 29 Sep 2023NZ$1.7bNZ$226.4m-NZ$210,629,000.00n/a-8.2x7.6x
Sun, 27 Aug 2023NZ$1.9bNZ$226.4m-NZ$210,629,000.00n/a-9.1x8.4x
Tue, 25 Jul 2023NZ$1.9bNZ$226.4m-NZ$210,629,000.00n/a-9.2x8.6x
Thu, 22 Jun 2023NZ$1.8bNZ$226.4m-NZ$210,629,000.00n/a-8.5x7.9x
Sat, 20 May 2023NZ$1.7bNZ$281.7mNZ$118.2m69.1x14.6x6.1x
Mon, 17 Apr 2023NZ$1.8bNZ$281.7mNZ$118.2m67.9x15x6.3x
Wed, 15 Mar 2023NZ$11.1bNZ$1.3bNZ$470.2m15.1x23.7x8.6x
Fri, 10 Feb 2023NZ$11.6bNZ$1.3bNZ$934.7m12.5x12.4x9.2x
Sun, 08 Jan 2023NZ$11.4bNZ$1.3bNZ$934.7m12.3x12.2x9x
Tue, 06 Dec 2022NZ$11.5bNZ$1.3bNZ$934.7m12.2x12.3x9.1x
Thu, 03 Nov 2022NZ$11.5bNZ$1.3bNZ$2.1b6.1x5.6x9x
Sat, 01 Oct 2022NZ$11.8bNZ$1.3bNZ$2.1b6x5.7x9.2x
Mon, 29 Aug 2022NZ$12.6bNZ$1.3bNZ$2.1b6.5x6.1x9.9x
Wed, 27 Jul 2022NZ$12.7bNZ$1.3bNZ$2.3b5.2x5.4x10x
Fri, 24 Jun 2022NZ$12.0bNZ$1.3bNZ$2.3b4.9x5.1x9.4x
Sun, 22 May 2022NZ$12.4bNZ$1.3bNZ$2.7b5x4.6x9.8x
Tue, 19 Apr 2022NZ$13.5bNZ$1.3bNZ$2.7b5.1x5x10.7x
Thu, 17 Mar 2022NZ$13.4bNZ$1.3bNZ$2.7b5.1x4.9x10.5x
Sat, 12 Feb 2022NZ$14.1bNZ$1.3bNZ$2.7bn/a5.3x11.2x
Mon, 10 Jan 2022NZ$14.9bNZ$1.3bNZ$2.7b6.2x5.6x11.8x
Price to Earnings Ratio

5.6x


Total Market Cap: NZ$14.9bTotal Earnings: NZ$2.7bTotal Revenue: NZ$1.3bTotal Market Cap vs Earnings and Revenue0%0%0%
New Zealand REITS Industry Price to Earnings3Y Average 3.2x202320242025
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 84% per year over the last three years,
  • Revenues have also declined 40% 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 Market0.033%
Real Estate-2.61%
REITS-2.08%
Specialized REITs2.22%
Residential REITs0%
Hotel and Resort REITs0%
Healthcare REITs0%
Diversified REITs-2.08%
Retail REITs-2.26%
Industrial REITs-2.27%
Office REITs-7.45%
Industry PE
  • Investors are most optimistic about the Diversified REITs industry which is trading above its 3-year average PE ratio of 3.3x.
    • Analysts are expecting annual earnings growth of 26.8% 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 90% over the next 5 years.
  • In contrast, the Specialized REITs industry is expected to see its earnings decline by 7.4% 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
No data available
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