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New Zealand (NZX) Diversified REITs Industry Analysis
UpdatedNov 21, 2024
DataAggregated Company Financials
Companies3
- 7D2.2%
- 3M-8.0%
- 1Y-0.2%
- YTDn/a
Over the last 7 days, the Diversified REITs industry has dropped 2.1%, driven by Stride Property Group declining 5.8%. On the other hand Asset Plus is actually up 9.3%. Over the last year, the industry has been flat overall. Looking forward, earnings are forecast to grow by 52% annually.
Industry Valuation and Performance
Has the New Zealand Diversified REITs Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 21 Nov 2024 | NZ$1.8b | NZ$255.9m | -NZ$116,696,000.00 | n/a | -15x | 6.9x |
| Sat, 19 Oct 2024 | NZ$1.8b | NZ$255.9m | -NZ$116,696,000.00 | n/a | -15.2x | 6.9x |
| Mon, 16 Sep 2024 | NZ$1.8b | NZ$255.9m | -NZ$116,696,000.00 | n/a | -15.8x | 7.2x |
| Wed, 14 Aug 2024 | NZ$1.7b | NZ$255.9m | -NZ$116,696,000.00 | n/a | -14.8x | 6.8x |
| Fri, 12 Jul 2024 | NZ$1.6b | NZ$255.9m | -NZ$116,696,000.00 | n/a | -13.8x | 6.3x |
| Sun, 09 Jun 2024 | NZ$1.7b | NZ$255.9m | -NZ$116,696,000.00 | n/a | -14.4x | 6.5x |
| Tue, 07 May 2024 | NZ$1.7b | NZ$226.1m | -NZ$243,538,000.00 | n/a | -7x | 7.5x |
| Thu, 04 Apr 2024 | NZ$1.8b | NZ$226.1m | -NZ$243,538,000.00 | n/a | -7.4x | 8x |
| Sat, 02 Mar 2024 | NZ$1.8b | NZ$226.1m | -NZ$243,538,000.00 | n/a | -7.2x | 7.8x |
| Mon, 29 Jan 2024 | NZ$1.8b | NZ$226.1m | -NZ$243,538,000.00 | n/a | -7.5x | 8.1x |
| Wed, 27 Dec 2023 | NZ$1.8b | NZ$226.1m | -NZ$243,538,000.00 | n/a | -7.4x | 8x |
| Fri, 24 Nov 2023 | NZ$1.8b | NZ$226.4m | -NZ$210,629,000.00 | n/a | -8.3x | 7.8x |
| Sun, 22 Oct 2023 | NZ$1.7b | NZ$226.4m | -NZ$210,629,000.00 | n/a | -8.3x | 7.7x |
| Tue, 19 Sep 2023 | NZ$1.8b | NZ$226.4m | -NZ$210,629,000.00 | n/a | -8.3x | 7.8x |
| Thu, 17 Aug 2023 | NZ$1.9b | NZ$226.4m | -NZ$210,629,000.00 | n/a | -9.1x | 8.4x |
| Sat, 15 Jul 2023 | NZ$1.9b | NZ$226.4m | -NZ$210,629,000.00 | n/a | -8.9x | 8.3x |
| Mon, 12 Jun 2023 | NZ$1.8b | NZ$226.4m | -NZ$210,629,000.00 | n/a | -8.3x | 7.8x |
| Wed, 10 May 2023 | NZ$1.7b | NZ$281.7m | NZ$118.2m | 67.9x | 14.8x | 6.2x |
| Fri, 07 Apr 2023 | NZ$1.7b | NZ$281.7m | NZ$118.2m | 67.9x | 14.8x | 6.2x |
| Sun, 05 Mar 2023 | NZ$1.8b | NZ$281.7m | NZ$118.2m | 71.9x | 15.4x | 6.5x |
| Tue, 31 Jan 2023 | NZ$1.8b | NZ$281.7m | NZ$118.2m | 65.5x | 15.4x | 6.5x |
| Thu, 29 Dec 2022 | NZ$1.8b | NZ$281.7m | NZ$118.2m | 62.9x | 15.6x | 6.5x |
| Sat, 26 Nov 2022 | NZ$1.9b | NZ$147.1m | NZ$120.4m | 17.2x | 15.8x | 13x |
| Mon, 24 Oct 2022 | NZ$1.9b | NZ$322.4m | NZ$351.4m | 7.2x | 5.3x | 5.8x |
| Wed, 21 Sep 2022 | NZ$2.1b | NZ$322.4m | NZ$351.4m | 8.5x | 6.1x | 6.6x |
| Fri, 19 Aug 2022 | NZ$2.2b | NZ$322.4m | NZ$351.4m | 8.8x | 6.3x | 6.9x |
| Sun, 17 Jul 2022 | NZ$2.1b | NZ$322.4m | NZ$351.4m | 8.4x | 6.1x | 6.6x |
| Tue, 14 Jun 2022 | NZ$2.0b | NZ$322.4m | NZ$351.4m | 8.2x | 5.8x | 6.3x |
| Thu, 12 May 2022 | NZ$2.1b | NZ$330.6m | NZ$402.9m | 6.8x | 5.3x | 6.4x |
| Sat, 09 Apr 2022 | NZ$2.3b | NZ$330.6m | NZ$402.9m | 7.5x | 5.8x | 7x |
| Mon, 07 Mar 2022 | NZ$2.4b | NZ$330.6m | NZ$402.9m | 7.6x | 5.9x | 7.1x |
| Wed, 02 Feb 2022 | NZ$2.4b | NZ$330.6m | NZ$402.9m | n/a | 6.1x | 7.4x |
| Fri, 31 Dec 2021 | NZ$2.6b | NZ$330.6m | NZ$402.9m | n/a | 6.4x | 7.9x |
| Sun, 28 Nov 2021 | NZ$2.3b | NZ$330.7m | NZ$411.9m | 6.8x | 5.6x | 7x |
Price to Earnings Ratio
5.6x
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
- Total earnings for the Diversified REITs industry have declined over the last three years, with the industry now making a loss overall.
- Revenues have also declined 5.1% per year, which is driving profits down.
Industry Comparison
How does New Zealand Diversified REITs compare with similar industries?
| NZ Market | 0.13% | |
| Real Estate | -1.27% | |
| REITS | 2.19% | |
| Diversified REITs | 2.19% | |
| Residential REITs | 0% | |
| Specialized REITs | 0% | |
| Hotel and Resort REITs | 0% | |
| Industrial REITs | -0.54% | |
| Office REITs | -0.80% | |
| Healthcare REITs | -1.52% | |
| Retail REITs | -4.22% | |
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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| APL Asset Plus | NZ$0.24 | 16.7% +NZ$12.7m | 0% | PB0.6x | |
| SPG Stride Property Group | NZ$1.34 | 1.5% +NZ$11.2m | 1.5% | PB0.8x |