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New Zealand (NZX) Diversified REITs Industry Analysis

UpdatedMar 18, 2026
DataAggregated Company Financials
Companies3
  • 7D-0.4%
  • 3M-11.7%
  • 1Y6.8%
  • YTDn/a

Over the last 7 days, the Diversified REITs industry has remained flat. As for the the longer term, the industry is up 6.8% over the past 12 months. As for the next few years, earnings are expected to grow by 1.1% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 19 Mar 2026NZ$1.7bNZ$312.0mNZ$193.3m10.2x8.7x5.4x
Sat, 14 Feb 2026NZ$1.8bNZ$312.0mNZ$193.3m11.1x9.4x5.8x
Mon, 12 Jan 2026NZ$1.9bNZ$312.0mNZ$193.3m12x10x6.2x
Wed, 10 Dec 2025NZ$1.9bNZ$312.0mNZ$193.3m12x10.1x6.2x
Fri, 07 Nov 2025NZ$2.0bNZ$301.1mNZ$141.8m23.3x14.2x6.7x
Sun, 05 Oct 2025NZ$2.0bNZ$301.1mNZ$141.8m22.8x14x6.6x
Tue, 02 Sep 2025NZ$1.8bNZ$301.1mNZ$141.8m20.5x12.9x6.1x
Thu, 31 Jul 2025NZ$1.7bNZ$301.1mNZ$141.8m19.8x12.2x5.8x
Sat, 28 Jun 2025NZ$1.6bNZ$301.1mNZ$141.8m18.5x11.6x5.5x
Mon, 26 May 2025NZ$1.6bNZ$277.7mNZ$140.5m39.5x11.7x5.9x
Wed, 23 Apr 2025NZ$1.5bNZ$277.0mNZ$11.6m44.7x132.4x5.6x
Fri, 21 Mar 2025NZ$1.5bNZ$277.0mNZ$11.6m44.2x131.9x5.5x
Sun, 16 Feb 2025NZ$1.7bNZ$277.0mNZ$11.6m49x142.5x6x
Tue, 14 Jan 2025NZ$1.7bNZ$277.0mNZ$11.6m50.4x144.4x6.1x
Thu, 12 Dec 2024NZ$1.7bNZ$277.0mNZ$11.6m48.2x142.9x6x
Sat, 09 Nov 2024NZ$1.8bNZ$255.9m-NZ$116,696,000.00n/a-15.3x7x
Mon, 07 Oct 2024NZ$1.8bNZ$255.9m-NZ$116,696,000.00n/a-15.2x6.9x
Wed, 04 Sep 2024NZ$1.9bNZ$255.9m-NZ$116,696,000.00n/a-16.5x7.5x
Fri, 02 Aug 2024NZ$1.7bNZ$255.9m-NZ$116,696,000.00n/a-14.3x6.5x
Sun, 30 Jun 2024NZ$1.6bNZ$255.9m-NZ$116,696,000.00n/a-13.8x6.3x
Tue, 28 May 2024NZ$1.7bNZ$228.3m-NZ$187,478,000.00n/a-8.9x7.3x
Thu, 25 Apr 2024NZ$1.7bNZ$226.1m-NZ$243,538,000.00n/a-7.2x7.7x
Sat, 23 Mar 2024NZ$1.7bNZ$226.1m-NZ$243,538,000.00n/a-7.2x7.7x
Mon, 19 Feb 2024NZ$1.8bNZ$226.1m-NZ$243,538,000.00n/a-7.4x7.9x
Wed, 17 Jan 2024NZ$1.9bNZ$226.1m-NZ$243,538,000.00n/a-7.6x8.2x
Fri, 15 Dec 2023NZ$1.7bNZ$226.1m-NZ$243,538,000.00n/a-7.2x7.7x
Sun, 12 Nov 2023NZ$1.7bNZ$226.4m-NZ$210,629,000.00n/a-8.2x7.6x
Tue, 10 Oct 2023NZ$1.8bNZ$226.4m-NZ$210,629,000.00n/a-8.5x7.9x
Thu, 07 Sep 2023NZ$1.8bNZ$226.4m-NZ$210,629,000.00n/a-8.8x8.2x
Sat, 05 Aug 2023NZ$1.9bNZ$226.4m-NZ$210,629,000.00n/a-9.2x8.5x
Mon, 03 Jul 2023NZ$1.8bNZ$226.4m-NZ$210,629,000.00n/a-8.6x8x
Wed, 31 May 2023NZ$1.8bNZ$268.8m-NZ$210,629,000.00n/a-8.4x6.6x
Fri, 28 Apr 2023NZ$1.8bNZ$281.7mNZ$118.2m66.7x14.8x6.2x
Sun, 26 Mar 2023NZ$1.7bNZ$281.7mNZ$118.2m70.3x14.3x6x
Price to Earnings Ratio

14.3x


Total Market Cap: NZ$1.7bTotal 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 20.8x202420252026
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 Market0.49%
Real Estate-0.77%
REITS-0.40%
Diversified REITs-0.40%
Specialized REITs1.00%
Healthcare REITs0.26%
Retail REITs-0.94%
Industrial REITs-1.10%
Office REITs-1.38%
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
ARG Argosy PropertyNZ$1.151.8%
+NZ$17.4m		18.6%PB0.7x
SPG Stride Property GroupNZ$1.180.4%
+NZ$2.8m		0.4%PB0.7x
APL Asset PlusNZ$0.191.1%
+NZ$725.4k		-1.0%PB0.6x

Latest News

ARG
NZ$1.15
Argosy Property
7D
1.8%
1Y
18.6%

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

Analysts have maintained their Argosy Property price target at NZ$1.28, supported by slightly adjusted assumptions around discount rates, revenue trends, margins and future P/E, which together refine but do not materially shift their overall view on valuation. Valuation Changes Fair Value: NZ$1.28 compared with the previous NZ$1.28, effectively unchanged at the current level.
SPG
NZ$1.18
Stride Property Group
7D
0.4%
1Y
0.4%
APL
NZ$0.19
Asset Plus
7D
1.1%
1Y
-1.0%