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New Zealand (NZX) Diversified REITs Industry Analysis

UpdatedApr 12, 2026
DataAggregated Company Financials
Companies3
  • 7D3.8%
  • 3M-13.1%
  • 1Y8.1%
  • YTDn/a

Over the last 7 days, the Diversified REITs industry has risen 3.8%, driven by gains from Stride Property Group of 6.9%. This takes the industry's 12 month performance to a gain of 8.1%. As for the next few years, earnings are expected to grow by 1.3% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 12 Apr 2026NZ$1.7bNZ$312.0mNZ$193.3m10.2x8.7x5.4x
Tue, 10 Mar 2026NZ$1.7bNZ$312.0mNZ$193.3m10.4x8.9x5.5x
Thu, 05 Feb 2026NZ$1.8bNZ$312.0mNZ$193.3m11x9.3x5.7x
Sat, 03 Jan 2026NZ$1.9bNZ$312.0mNZ$193.3m11.9x10x6.2x
Mon, 01 Dec 2025NZ$2.0bNZ$312.0mNZ$193.3m12.2x10.2x6.3x
Wed, 29 Oct 2025NZ$2.0bNZ$301.1mNZ$141.8m23.3x14.1x6.6x
Fri, 26 Sep 2025NZ$1.9bNZ$301.1mNZ$141.8m21.5x13.2x6.2x
Sun, 24 Aug 2025NZ$1.8bNZ$301.1mNZ$141.8m20.4x12.7x6x
Tue, 22 Jul 2025NZ$1.7bNZ$301.1mNZ$141.8m20x12.3x5.8x
Thu, 19 Jun 2025NZ$1.6bNZ$301.1mNZ$141.8m18.1x11.3x5.3x
Sat, 17 May 2025NZ$1.6bNZ$277.0mNZ$11.6m45.4x140.9x5.9x
Mon, 14 Apr 2025NZ$1.5bNZ$277.0mNZ$11.6m44.9x132.7x5.6x
Wed, 12 Mar 2025NZ$1.6bNZ$277.0mNZ$11.6m47.3x137.2x5.8x
Fri, 07 Feb 2025NZ$1.7bNZ$277.0mNZ$11.6m49x143.9x6.1x
Sun, 05 Jan 2025NZ$1.7bNZ$277.0mNZ$11.6m50.1x142.8x6x
Tue, 03 Dec 2024NZ$1.8bNZ$277.0mNZ$11.6m57x151.6x6.4x
Thu, 31 Oct 2024NZ$1.8bNZ$255.9m-NZ$116,696,000.00n/a-15.3x7x
Sat, 28 Sep 2024NZ$1.7bNZ$255.9m-NZ$116,696,000.00n/a-14.9x6.8x
Mon, 26 Aug 2024NZ$1.9bNZ$255.9m-NZ$116,696,000.00n/a-16x7.3x
Wed, 24 Jul 2024NZ$1.7bNZ$255.9m-NZ$116,696,000.00n/a-14.2x6.5x
Fri, 21 Jun 2024NZ$1.6bNZ$255.9m-NZ$116,696,000.00n/a-14x6.4x
Sun, 19 May 2024NZ$1.7bNZ$226.1m-NZ$243,538,000.00n/a-6.8x7.3x
Tue, 16 Apr 2024NZ$1.8bNZ$226.1m-NZ$243,538,000.00n/a-7.3x7.9x
Thu, 14 Mar 2024NZ$1.7bNZ$226.1m-NZ$243,538,000.00n/a-7.2x7.7x
Sat, 10 Feb 2024NZ$1.8bNZ$226.1m-NZ$243,538,000.00n/a-7.5x8.1x
Mon, 08 Jan 2024NZ$1.9bNZ$226.1m-NZ$243,538,000.00n/a-7.6x8.2x
Wed, 06 Dec 2023NZ$1.8bNZ$226.1m-NZ$243,538,000.00n/a-7.2x7.8x
Fri, 03 Nov 2023NZ$1.7bNZ$226.4m-NZ$210,629,000.00n/a-8.2x7.6x
Sun, 01 Oct 2023NZ$1.7bNZ$226.4m-NZ$210,629,000.00n/a-8.3x7.7x
Tue, 29 Aug 2023NZ$1.9bNZ$226.4m-NZ$210,629,000.00n/a-9.1x8.4x
Thu, 27 Jul 2023NZ$1.9bNZ$226.4m-NZ$210,629,000.00n/a-9.2x8.5x
Sat, 24 Jun 2023NZ$1.8bNZ$226.4m-NZ$210,629,000.00n/a-8.4x7.8x
Mon, 22 May 2023NZ$1.7bNZ$291.1m-NZ$82,473,000.00130.5x-20.9x5.9x
Wed, 19 Apr 2023NZ$1.8bNZ$281.7mNZ$118.2m67.9x14.8x6.2x
Price to Earnings Ratio

14.8x


Total Market Cap: NZ$1.8bTotal 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 20.7x202420252026
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 Market1.86%
Real Estate1.09%
REITS3.81%
Diversified REITs3.81%
Healthcare REITs3.91%
Office REITs1.96%
Retail REITs1.08%
Specialized REITs0%0
Industrial REITs-1.09%
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
SPG Stride Property GroupNZ$1.166.9%
+NZ$42.0m		3.1%PB0.7x
ARG Argosy PropertyNZ$1.122.3%
+NZ$21.8m		13.1%PB0.7x

Latest News

ARG
NZ$1.12
Argosy Property
7D
2.3%
1Y
13.1%

ARG: Current Pricing Will Look Attractive As Refined Assumptions Support Upside

Analysts have trimmed their price target for Argosy Property from NZ$1.28 to NZ$1.28, reflecting slightly higher discount rate assumptions, a softer revenue outlook, a lower profit margin, and a modestly higher future P/E multiple in their updated models. Valuation Changes Fair Value: Adjusted slightly from NZ$1.28 to NZ$1.28, with the revised model indicating NZ$1.2775.
SPG
NZ$1.16
Stride Property Group
7D
6.9%
1Y
3.1%
APL
NZ$0.18
Asset Plus
7D
-2.7%
1Y
-10.1%