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New Zealand (NZX) Diversified REITs Industry Analysis

UpdatedMay 09, 2026
DataAggregated Company Financials
Companies3
  • 7D-0.7%
  • 3M-7.5%
  • 1Y0.3%
  • YTDn/a

Over the last 7 days, the Diversified REITs industry has dropped 1.3%, driven by a pullback from Argosy Property of 1.8%. Over the past 12 months, the industry was up 4.3%. 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, 10 May 2026NZ$1.6bNZ$312.0mNZ$193.3m10x8.5x5.3x
Tue, 07 Apr 2026NZ$1.6bNZ$312.0mNZ$193.3m9.7x8.4x5.2x
Thu, 05 Mar 2026NZ$1.7bNZ$312.0mNZ$193.3m10.4x8.9x5.5x
Sat, 31 Jan 2026NZ$1.8bNZ$312.0mNZ$193.3m11x9.4x5.8x
Mon, 29 Dec 2025NZ$1.9bNZ$312.0mNZ$193.3m11.8x9.8x6.1x
Wed, 26 Nov 2025NZ$2.0bNZ$303.2mNZ$169.2m21.8x11.6x6.5x
Fri, 24 Oct 2025NZ$2.0bNZ$301.1mNZ$141.8m22.8x13.8x6.5x
Sun, 21 Sep 2025NZ$1.9bNZ$301.1mNZ$141.8m21.4x13.2x6.2x
Tue, 19 Aug 2025NZ$1.8bNZ$301.1mNZ$141.8m20x12.5x5.9x
Thu, 17 Jul 2025NZ$1.7bNZ$301.1mNZ$141.8m19.5x12.1x5.7x
Sat, 14 Jun 2025NZ$1.6bNZ$301.1mNZ$141.8m18.3x11.3x5.3x
Mon, 12 May 2025NZ$1.6bNZ$277.0mNZ$11.6m44.7x138.8x5.8x
Wed, 09 Apr 2025NZ$1.5bNZ$277.0mNZ$11.6m43.8x132.8x5.6x
Fri, 07 Mar 2025NZ$1.6bNZ$277.0mNZ$11.6m47x138.9x5.8x
Sun, 02 Feb 2025NZ$1.7bNZ$277.0mNZ$11.6m49.3x142.5x6x
Tue, 31 Dec 2024NZ$1.7bNZ$277.0mNZ$11.6m50.8x144.1x6.1x
Thu, 28 Nov 2024NZ$1.8bNZ$258.4m-NZ$57,336,000.0050.9x-30.9x6.9x
Sat, 26 Oct 2024NZ$1.8bNZ$255.9m-NZ$116,696,000.00n/a-15.4x7x
Mon, 23 Sep 2024NZ$1.7bNZ$255.9m-NZ$116,696,000.00n/a-14.9x6.8x
Wed, 21 Aug 2024NZ$1.9bNZ$255.9m-NZ$116,696,000.00n/a-16x7.3x
Fri, 19 Jul 2024NZ$1.6bNZ$255.9m-NZ$116,696,000.00n/a-14.1x6.4x
Sun, 16 Jun 2024NZ$1.7bNZ$255.9m-NZ$116,696,000.00n/a-14.7x6.7x
Tue, 14 May 2024NZ$1.7bNZ$226.1m-NZ$243,538,000.00n/a-7x7.6x
Thu, 11 Apr 2024NZ$1.8bNZ$226.1m-NZ$243,538,000.00n/a-7.3x7.9x
Sat, 09 Mar 2024NZ$1.7bNZ$226.1m-NZ$243,538,000.00n/a-7.2x7.7x
Mon, 05 Feb 2024NZ$1.8bNZ$226.1m-NZ$243,538,000.00n/a-7.5x8.1x
Wed, 03 Jan 2024NZ$1.8bNZ$226.1m-NZ$243,538,000.00n/a-7.5x8.1x
Fri, 01 Dec 2023NZ$1.7bNZ$157.3m-NZ$238,525,000.00n/a-7.3x11x
Sun, 29 Oct 2023NZ$1.7bNZ$226.4m-NZ$210,629,000.00n/a-8x7.5x
Tue, 26 Sep 2023NZ$1.8bNZ$226.4m-NZ$210,629,000.00n/a-8.4x7.8x
Thu, 24 Aug 2023NZ$1.9bNZ$226.4m-NZ$210,629,000.00n/a-8.9x8.3x
Sat, 22 Jul 2023NZ$1.9bNZ$226.4m-NZ$210,629,000.00n/a-8.9x8.3x
Mon, 19 Jun 2023NZ$1.8bNZ$226.4m-NZ$210,629,000.00n/a-8.5x7.9x
Wed, 17 May 2023NZ$1.7bNZ$281.7mNZ$118.2m70.4x14.7x6.2x
Price to Earnings Ratio

14.7x


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 20.6x202420252026
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 Market0.68%
Real Estate-0.61%
REITS-0.70%
Diversified REITs-0.70%
Specialized REITs1.66%
Industrial REITs1.22%
Retail REITs-0.061%
Healthcare REITs-2.11%
Office REITs-2.36%
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
No data available

Latest News

SPG
NZ$1.13
Stride Property Group
7D
-0.4%
1Y
-2.6%
ARG
NZ$1.08
Argosy Property
7D
-0.9%
1Y
2.9%
Narrative Update • Apr 24

ARG: Slightly Higher Discount Rate Will Still Support Attractive Pricing

Analysts have kept their NZ$1.28 price target for Argosy Property broadly unchanged, with only very small adjustments to the discount rate and forward P/E assumptions reflected in the latest update. Valuation Changes Fair Value: The fair value of NZ$1.28 remains unchanged, indicating the latest inputs have not shifted the central valuation point.