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New Zealand (NZX) Diversified REITs Industry Analysis
UpdatedSep 20, 2026
DataAggregated Company Financials
Companies3
- 7D-0.9%
- 3M-8.0%
- 1Y-20.0%
- YTDn/a
Over the last 7 days, the Diversified REITs industry has dropped 1.4%, driven by a pullback from Argosy Property of 2.0%. Meanwhile, Asset Plus actually outperformed within the industry, gaining 6.3% in the last week. The industry has fallen 20% in the last year. Earnings are forecast to grow by 12% 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 |
|---|---|---|---|---|---|---|
| Sun, 20 Sep 2026 | NZ$1.5b | NZ$313.1m | NZ$155.8m | 12.8x | 9.7x | 4.8x |
| Tue, 18 Aug 2026 | NZ$1.6b | NZ$313.1m | NZ$155.8m | 13.5x | 10x | 5x |
| Thu, 16 Jul 2026 | NZ$1.6b | NZ$313.1m | NZ$155.8m | 14.1x | 10.5x | 5.2x |
| Sat, 13 Jun 2026 | NZ$1.6b | NZ$313.7m | NZ$170.4m | 10.4x | 9.4x | 5.1x |
| Mon, 11 May 2026 | NZ$1.6b | NZ$312.0m | NZ$193.3m | 10x | 8.5x | 5.3x |
| Wed, 08 Apr 2026 | NZ$1.6b | NZ$312.0m | NZ$193.3m | 9.9x | 8.5x | 5.3x |
| Fri, 06 Mar 2026 | NZ$1.7b | NZ$312.0m | NZ$193.3m | 10.5x | 8.9x | 5.5x |
| Sun, 01 Feb 2026 | NZ$1.8b | NZ$312.0m | NZ$193.3m | 11x | 9.3x | 5.8x |
| Tue, 30 Dec 2025 | NZ$1.9b | NZ$312.0m | NZ$193.3m | 11.8x | 9.9x | 6.1x |
| Thu, 27 Nov 2025 | NZ$2.0b | NZ$300.8m | NZ$193.3m | 12.2x | 10.2x | 6.6x |
| Sat, 25 Oct 2025 | NZ$2.0b | NZ$301.1m | NZ$141.8m | 23.1x | 14x | 6.6x |
| Mon, 22 Sep 2025 | NZ$1.9b | NZ$301.1m | NZ$141.8m | 21.4x | 13.2x | 6.2x |
| Wed, 20 Aug 2025 | NZ$1.8b | NZ$301.1m | NZ$141.8m | 20.2x | 12.5x | 5.9x |
| Fri, 18 Jul 2025 | NZ$1.7b | NZ$301.1m | NZ$141.8m | 19.8x | 12.2x | 5.7x |
| Sun, 15 Jun 2025 | NZ$1.6b | NZ$301.1m | NZ$141.8m | 18.3x | 11.3x | 5.3x |
| Tue, 13 May 2025 | NZ$1.6b | NZ$277.0m | NZ$11.6m | 44.9x | 139.9x | 5.9x |
| Thu, 10 Apr 2025 | NZ$1.5b | NZ$277.0m | NZ$11.6m | 44.4x | 131.8x | 5.5x |
| Sat, 08 Mar 2025 | NZ$1.6b | NZ$277.0m | NZ$11.6m | 47x | 137.4x | 5.8x |
| Mon, 03 Feb 2025 | NZ$1.7b | NZ$277.0m | NZ$11.6m | 49.3x | 142.5x | 6x |
| Wed, 01 Jan 2025 | NZ$1.7b | NZ$277.0m | NZ$11.6m | 50.8x | 142.3x | 6x |
| Fri, 29 Nov 2024 | NZ$1.8b | NZ$257.4m | NZ$11.6m | 53.8x | 150.3x | 6.8x |
| Sun, 27 Oct 2024 | NZ$1.8b | NZ$255.9m | -NZ$116,696,000.00 | n/a | -15.4x | 7x |
| Tue, 24 Sep 2024 | NZ$1.7b | NZ$255.9m | -NZ$116,696,000.00 | n/a | -14.9x | 6.8x |
| Thu, 22 Aug 2024 | NZ$1.9b | NZ$255.9m | -NZ$116,696,000.00 | n/a | -15.9x | 7.3x |
| Sat, 20 Jul 2024 | NZ$1.7b | NZ$255.9m | -NZ$116,696,000.00 | n/a | -14.3x | 6.5x |
| Mon, 17 Jun 2024 | NZ$1.7b | NZ$255.9m | -NZ$116,696,000.00 | n/a | -14.7x | 6.7x |
| Wed, 15 May 2024 | NZ$1.7b | NZ$226.1m | -NZ$243,538,000.00 | n/a | -6.8x | 7.4x |
| Fri, 12 Apr 2024 | NZ$1.8b | NZ$226.1m | -NZ$243,538,000.00 | n/a | -7.4x | 8x |
| Sun, 10 Mar 2024 | NZ$1.8b | NZ$226.1m | -NZ$243,538,000.00 | n/a | -7.2x | 7.8x |
| Tue, 06 Feb 2024 | NZ$1.8b | NZ$226.1m | -NZ$243,538,000.00 | n/a | -7.5x | 8x |
| Thu, 04 Jan 2024 | NZ$1.8b | NZ$226.1m | -NZ$243,538,000.00 | n/a | -7.6x | 8.2x |
| Sat, 02 Dec 2023 | NZ$1.7b | NZ$226.1m | -NZ$243,538,000.00 | n/a | -7.1x | 7.7x |
| Mon, 30 Oct 2023 | NZ$1.7b | NZ$226.4m | -NZ$210,629,000.00 | n/a | -8x | 7.5x |
| Wed, 27 Sep 2023 | NZ$1.7b | NZ$226.4m | -NZ$210,629,000.00 | n/a | -8.2x | 7.7x |
Price to Earnings Ratio
-8.2x
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 gone up over the last three years, and the industry is now profitable. Revenues have grown 11% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Comparison
How does New Zealand Diversified REITs compare with similar industries?
| NZ Market | 1.16% | |
| Real Estate | 1.47% | |
| REITS | -0.93% | |
| Diversified REITs | -0.93% | |
| Office REITs | 6.38% | |
| Healthcare REITs | 5.49% | |
| Retail REITs | 3.05% | |
| Specialized REITs | 2.15% | |
| Industrial REITs | -1.30% | |
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$0.17 | 6.3% +NZ$3.3m | -20.9% | PB0.5x |