Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

New Zealand (NZX) Diversified REITs Industry Analysis

UpdatedDec 11, 2025
DataAggregated Company Financials
Companies3
  • 7D-2.1%
  • 3M1.6%
  • 1Y14.4%
  • YTDn/a

Over the last 7 days, the Diversified REITs industry has dropped 2.7%, driven by pullbacks from every company within the industry. In the past year, the industry has gained 10%. Looking forward, earnings are forecast to grow by 1.1% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 11 Dec 2025NZ$1.9bNZ$312.0mNZ$193.3m11.9x10x6.2x
Sat, 08 Nov 2025NZ$2.0bNZ$301.1mNZ$141.8m23.2x14x6.6x
Mon, 06 Oct 2025NZ$2.0bNZ$301.1mNZ$141.8m22.8x14x6.6x
Wed, 03 Sep 2025NZ$1.8bNZ$301.1mNZ$141.8m20.7x12.9x6.1x
Fri, 01 Aug 2025NZ$1.8bNZ$301.1mNZ$141.8m20x12.4x5.8x
Sun, 29 Jun 2025NZ$1.6bNZ$301.1mNZ$141.8m18.5x11.6x5.5x
Tue, 27 May 2025NZ$1.6bNZ$277.7mNZ$140.5m39.7x11.7x5.9x
Thu, 24 Apr 2025NZ$1.5bNZ$277.0mNZ$11.6m43.7x129.3x5.4x
Sat, 22 Mar 2025NZ$1.6bNZ$277.0mNZ$11.6m45.6x135.3x5.7x
Mon, 17 Feb 2025NZ$1.7bNZ$277.0mNZ$11.6m49x142.5x6x
Wed, 15 Jan 2025NZ$1.7bNZ$277.0mNZ$11.6m49.6x142.8x6x
Fri, 13 Dec 2024NZ$1.6bNZ$277.0mNZ$11.6m49x141.6x6x
Sun, 10 Nov 2024NZ$1.8bNZ$255.9m-NZ$116,696,000.00n/a-15.4x7x
Tue, 08 Oct 2024NZ$1.8bNZ$255.9m-NZ$116,696,000.00n/a-15.2x6.9x
Thu, 05 Sep 2024NZ$1.9bNZ$255.9m-NZ$116,696,000.00n/a-16.2x7.4x
Sat, 03 Aug 2024NZ$1.7bNZ$255.9m-NZ$116,696,000.00n/a-14.8x6.7x
Mon, 01 Jul 2024NZ$1.6bNZ$255.9m-NZ$116,696,000.00n/a-13.8x6.3x
Wed, 29 May 2024NZ$1.7bNZ$228.3m-NZ$187,478,000.00n/a-8.9x7.3x
Fri, 26 Apr 2024NZ$1.7bNZ$226.1m-NZ$243,538,000.00n/a-7.2x7.7x
Sun, 24 Mar 2024NZ$1.7bNZ$226.1m-NZ$243,538,000.00n/a-7.2x7.7x
Tue, 20 Feb 2024NZ$1.8bNZ$226.1m-NZ$243,538,000.00n/a-7.3x7.8x
Thu, 18 Jan 2024NZ$1.9bNZ$226.1m-NZ$243,538,000.00n/a-7.6x8.2x
Sat, 16 Dec 2023NZ$1.7bNZ$226.1m-NZ$243,538,000.00n/a-7.1x7.6x
Mon, 13 Nov 2023NZ$1.7bNZ$226.4m-NZ$210,629,000.00n/a-8.2x7.6x
Wed, 11 Oct 2023NZ$1.8bNZ$226.4m-NZ$210,629,000.00n/a-8.7x8.1x
Fri, 08 Sep 2023NZ$1.8bNZ$226.4m-NZ$210,629,000.00n/a-8.7x8.1x
Sun, 06 Aug 2023NZ$1.9bNZ$226.4m-NZ$210,629,000.00n/a-9.2x8.5x
Tue, 04 Jul 2023NZ$1.8bNZ$226.4m-NZ$210,629,000.00n/a-8.6x8x
Thu, 01 Jun 2023NZ$1.8bNZ$268.8m-NZ$210,629,000.00n/a-8.3x6.5x
Sat, 29 Apr 2023NZ$1.7bNZ$281.7mNZ$118.2m66.6x14.7x6.2x
Mon, 27 Mar 2023NZ$1.7bNZ$281.7mNZ$118.2m70.3x14.3x6x
Wed, 22 Feb 2023NZ$1.8bNZ$281.7mNZ$118.2m74.3x15.4x6.4x
Fri, 20 Jan 2023NZ$1.8bNZ$281.7mNZ$118.2m64.3x15.6x6.6x
Sun, 18 Dec 2022NZ$1.9bNZ$281.7mNZ$118.2m65.6x16x6.7x
Price to Earnings Ratio

16x


Total Market Cap: NZ$1.9bTotal Earnings: NZ$118.2mTotal Revenue: NZ$281.7mTotal Market Cap vs Earnings and Revenue0%0%0%
New Zealand Diversified REITs Industry Price to Earnings3Y Average 21.4x202320242025
Current Industry PE
    There are only 3 companies in the New Zealander Diversified 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 Diversified REITs industry have grown 18% per year over the last three years.
  • Revenues for these companies have grown 3.5% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Comparison

How does New Zealand Diversified REITs compare with similar industries?

NZ Market-1.56%
Real Estate-1.26%
REITS-2.11%
Diversified REITs-2.11%
Healthcare REITs3.03%
Specialized REITs0.94%
Industrial REITs-0.41%
Retail REITs-3.05%
Office REITs-3.67%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
APL Asset PlusNZ$0.215.0%
+NZ$3.6m		5.0%PB0.6x

Latest News

ARG
NZ$1.25
Argosy Property
7D
-0.8%
1Y
22.0%

ARG: Fair Outlook Will Persist As Earnings Multiple Edges Higher

Analysts have nudged their price target for Argosy Property slightly higher to around $1.28 per share, reflecting modest adjustments to discount rate and forward earnings expectations while maintaining broadly unchanged views on growth and profitability. Valuation Changes Fair Value: Unchanged at approximately NZ$1.28 per share, indicating no material revision to intrinsic value estimates.
SPG
NZ$1.40
Stride Property Group
7D
-0.7%
1Y
7.7%
APL
NZ$0.21
Asset Plus
7D
5.0%
1Y
5.0%