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New Zealand (NZX) Diversified REITs Industry Analysis
UpdatedMay 27, 2026
DataAggregated Company Financials
Companies3
- 7D-1.6%
- 3M-8.8%
- 1Y-2.3%
- YTDn/a
Over the last 7 days, the Diversified REITs industry has dropped 1.6%, driven by a pullback from Asset Plus of 1.1%. Over the last year, the industry has been flat overall. As for the next few years, earnings are expected to grow by 6.1% per annum.
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, 28 May 2026 | NZ$1.6b | NZ$313.7m | NZ$170.4m | 10.6x | 9.5x | 5.2x |
| Sat, 25 Apr 2026 | NZ$1.7b | NZ$312.0m | NZ$193.3m | 10.2x | 8.7x | 5.4x |
| Mon, 23 Mar 2026 | NZ$1.7b | NZ$312.0m | NZ$193.3m | 10.5x | 9x | 5.5x |
| Wed, 18 Feb 2026 | NZ$1.8b | NZ$312.0m | NZ$193.3m | 10.8x | 9.2x | 5.7x |
| Fri, 16 Jan 2026 | NZ$1.9b | NZ$312.0m | NZ$193.3m | 12x | 10x | 6.2x |
| Sun, 14 Dec 2025 | NZ$1.9b | NZ$312.0m | NZ$193.3m | 12x | 10x | 6.2x |
| Tue, 11 Nov 2025 | NZ$2.0b | NZ$301.1m | NZ$141.8m | 22.9x | 13.8x | 6.5x |
| Thu, 09 Oct 2025 | NZ$2.1b | NZ$301.1m | NZ$141.8m | 24.2x | 14.6x | 6.9x |
| Sat, 06 Sep 2025 | NZ$1.9b | NZ$301.1m | NZ$141.8m | 20.8x | 13.1x | 6.2x |
| Mon, 04 Aug 2025 | NZ$1.8b | NZ$301.1m | NZ$141.8m | 20x | 12.4x | 5.8x |
| Wed, 02 Jul 2025 | NZ$1.6b | NZ$301.1m | NZ$141.8m | 18.3x | 11.5x | 5.4x |
| Fri, 30 May 2025 | NZ$1.6b | NZ$280.7m | NZ$141.8m | 18x | 11.3x | 5.7x |
| Sun, 27 Apr 2025 | NZ$1.5b | NZ$277.0m | NZ$11.6m | 43.9x | 132.4x | 5.6x |
| Tue, 25 Mar 2025 | NZ$1.6b | NZ$277.0m | NZ$11.6m | 45.1x | 134x | 5.6x |
| Thu, 20 Feb 2025 | NZ$1.6b | NZ$277.0m | NZ$11.6m | 48.5x | 140.7x | 5.9x |
| Sat, 18 Jan 2025 | NZ$1.7b | NZ$277.0m | NZ$11.6m | 50.2x | 144.8x | 6.1x |
| Mon, 16 Dec 2024 | NZ$1.7b | NZ$277.0m | NZ$11.6m | 48.8x | 142.7x | 6x |
| Wed, 13 Nov 2024 | NZ$1.7b | NZ$255.9m | -NZ$116,696,000.00 | n/a | -14.8x | 6.7x |
| Fri, 11 Oct 2024 | NZ$1.8b | NZ$255.9m | -NZ$116,696,000.00 | n/a | -15.4x | 7x |
| Sun, 08 Sep 2024 | NZ$1.9b | NZ$255.9m | -NZ$116,696,000.00 | n/a | -16x | 7.3x |
| Tue, 06 Aug 2024 | NZ$1.7b | NZ$255.9m | -NZ$116,696,000.00 | n/a | -14.4x | 6.6x |
| Thu, 04 Jul 2024 | NZ$1.6b | NZ$255.9m | -NZ$116,696,000.00 | n/a | -13.7x | 6.3x |
| Sat, 01 Jun 2024 | NZ$1.6b | NZ$279.6m | -NZ$116,696,000.00 | n/a | -14x | 5.9x |
| Mon, 29 Apr 2024 | NZ$1.7b | NZ$226.1m | -NZ$243,538,000.00 | n/a | -7.1x | 7.7x |
| Wed, 27 Mar 2024 | NZ$1.8b | NZ$226.1m | -NZ$243,538,000.00 | n/a | -7.4x | 7.9x |
| Fri, 23 Feb 2024 | NZ$1.8b | NZ$226.1m | -NZ$243,538,000.00 | n/a | -7.3x | 7.9x |
| Sun, 21 Jan 2024 | NZ$1.8b | NZ$226.1m | -NZ$243,538,000.00 | n/a | -7.5x | 8.1x |
| Tue, 19 Dec 2023 | NZ$1.8b | NZ$226.1m | -NZ$243,538,000.00 | n/a | -7.3x | 7.9x |
| Thu, 16 Nov 2023 | NZ$1.8b | NZ$226.4m | -NZ$210,629,000.00 | n/a | -8.3x | 7.7x |
| Sat, 14 Oct 2023 | NZ$1.8b | NZ$226.4m | -NZ$210,629,000.00 | n/a | -8.5x | 7.9x |
| Mon, 11 Sep 2023 | NZ$1.8b | NZ$226.4m | -NZ$210,629,000.00 | n/a | -8.5x | 7.9x |
| Wed, 09 Aug 2023 | NZ$1.9b | NZ$226.4m | -NZ$210,629,000.00 | n/a | -9x | 8.4x |
| Fri, 07 Jul 2023 | NZ$1.9b | NZ$226.4m | -NZ$210,629,000.00 | n/a | -8.9x | 8.3x |
| Sun, 04 Jun 2023 | NZ$1.8b | NZ$226.4m | -NZ$210,629,000.00 | n/a | -8.4x | 7.8x |
Price to Earnings Ratio
-8.4x
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 5.3% 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 | 0.48% | |
| Real Estate | -0.049% | |
| REITS | -1.62% | |
| Diversified REITs | -1.62% | |
| Healthcare REITs | 0.82% | |
| Specialized REITs | 0.53% | |
| Office REITs | 0.49% | |
| Industrial REITs | -0.25% | |
| Retail REITs | -0.53% | |
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 | |
|---|---|---|---|---|---|
| ARG Argosy Property | NZ$1.06 | 1.9% +NZ$17.5m | -2.8% | PB0.7x | |
| SPG Stride Property Group | NZ$1.17 | 2.2% +NZ$14.0m | 0.4% | PB0.7x |