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New Zealand (NZX) Diversified REITs Industry Analysis
UpdatedSep 15, 2026
DataAggregated Company Financials
Companies3
- 7D-4.0%
- 3M-5.8%
- 1Y-18.7%
- YTDn/a
Over the last 7 days, the Diversified REITs industry has dropped 5.2%, driven by a pullback from Argosy Property of 4.3%. In contrast, Asset Plus has gained 6.1%. Overall the industry is down 19% in 12 months. Looking forward, 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 |
|---|---|---|---|---|---|---|
| Tue, 15 Sep 2026 | NZ$1.5b | NZ$313.1m | NZ$155.8m | 12.9x | 9.8x | 4.9x |
| Thu, 13 Aug 2026 | NZ$1.6b | NZ$313.1m | NZ$155.8m | 13.8x | 10.3x | 5.1x |
| Sat, 11 Jul 2026 | NZ$1.6b | NZ$313.1m | NZ$155.8m | 13.9x | 10.3x | 5.1x |
| Mon, 08 Jun 2026 | NZ$1.6b | NZ$313.7m | NZ$170.4m | 10.3x | 9.4x | 5.1x |
| Wed, 06 May 2026 | NZ$1.7b | NZ$312.0m | NZ$193.3m | 10.2x | 8.6x | 5.3x |
| Fri, 03 Apr 2026 | NZ$1.6b | NZ$312.0m | NZ$193.3m | 9.7x | 8.4x | 5.2x |
| Sun, 01 Mar 2026 | NZ$1.7b | NZ$312.0m | NZ$193.3m | 10.5x | 9x | 5.6x |
| Tue, 27 Jan 2026 | NZ$1.9b | NZ$312.0m | NZ$193.3m | 11.6x | 9.7x | 6x |
| Thu, 25 Dec 2025 | NZ$1.9b | NZ$312.0m | NZ$193.3m | 11.8x | 9.8x | 6.1x |
| Sat, 22 Nov 2025 | NZ$1.9b | NZ$303.2m | NZ$169.2m | 21.6x | 11.5x | 6.4x |
| Mon, 20 Oct 2025 | NZ$2.0b | NZ$301.1m | NZ$141.8m | 23.3x | 14x | 6.6x |
| Wed, 17 Sep 2025 | NZ$1.9b | NZ$301.1m | NZ$141.8m | 21.2x | 13.1x | 6.2x |
| Fri, 15 Aug 2025 | NZ$1.8b | NZ$301.1m | NZ$141.8m | 20x | 12.5x | 5.9x |
| Sun, 13 Jul 2025 | NZ$1.7b | NZ$301.1m | NZ$141.8m | 19.8x | 12.3x | 5.8x |
| Tue, 10 Jun 2025 | NZ$1.6b | NZ$301.1m | NZ$141.8m | 18.1x | 11.2x | 5.3x |
| Thu, 08 May 2025 | NZ$1.6b | NZ$277.0m | NZ$11.6m | 43.9x | 135.9x | 5.7x |
| Sat, 05 Apr 2025 | NZ$1.6b | NZ$277.0m | NZ$11.6m | 44.4x | 136.1x | 5.7x |
| Mon, 03 Mar 2025 | NZ$1.6b | NZ$277.0m | NZ$11.6m | 47.6x | 139.2x | 5.9x |
| Wed, 29 Jan 2025 | NZ$1.7b | NZ$277.0m | NZ$11.6m | 49.3x | 144.3x | 6.1x |
| Fri, 27 Dec 2024 | NZ$1.7b | NZ$277.0m | NZ$11.6m | 51x | 145.3x | 6.1x |
| Sun, 24 Nov 2024 | NZ$1.8b | NZ$257.8m | -NZ$64,379,000.00 | n/a | -27.7x | 6.9x |
| Tue, 22 Oct 2024 | NZ$1.8b | NZ$255.9m | -NZ$116,696,000.00 | n/a | -15.5x | 7.1x |
| Thu, 19 Sep 2024 | NZ$1.8b | NZ$255.9m | -NZ$116,696,000.00 | n/a | -15.3x | 7x |
| Sat, 17 Aug 2024 | NZ$1.8b | NZ$255.9m | -NZ$116,696,000.00 | n/a | -15.5x | 7.1x |
| Mon, 15 Jul 2024 | NZ$1.7b | NZ$255.9m | -NZ$116,696,000.00 | n/a | -14.2x | 6.5x |
| Wed, 12 Jun 2024 | NZ$1.7b | NZ$255.9m | -NZ$116,696,000.00 | n/a | -14.6x | 6.7x |
| Fri, 10 May 2024 | NZ$1.7b | NZ$226.1m | -NZ$243,538,000.00 | n/a | -7x | 7.6x |
| Sun, 07 Apr 2024 | NZ$1.8b | NZ$226.1m | -NZ$243,538,000.00 | n/a | -7.5x | 8x |
| Tue, 05 Mar 2024 | NZ$1.7b | NZ$226.1m | -NZ$243,538,000.00 | n/a | -7.1x | 7.6x |
| Thu, 01 Feb 2024 | NZ$1.9b | NZ$226.1m | -NZ$243,538,000.00 | n/a | -7.7x | 8.2x |
| Sat, 30 Dec 2023 | NZ$1.8b | NZ$226.1m | -NZ$243,538,000.00 | n/a | -7.5x | 8.1x |
| Mon, 27 Nov 2023 | NZ$1.8b | NZ$226.4m | -NZ$210,629,000.00 | n/a | -8.4x | 7.8x |
| Wed, 25 Oct 2023 | NZ$1.8b | NZ$226.4m | -NZ$210,629,000.00 | n/a | -8.4x | 7.8x |
| Fri, 22 Sep 2023 | NZ$1.7b | NZ$226.4m | -NZ$210,629,000.00 | n/a | -8.2x | 7.6x |
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 | -2.98% | |
| Real Estate | -2.01% | |
| REITS | -4.03% | |
| Diversified REITs | -4.03% | |
| Specialized REITs | 1.08% | |
| Industrial REITs | -1.52% | |
| Office REITs | -2.06% | |
| Retail REITs | -2.14% | |
| Healthcare REITs | -2.16% | |
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 | 8.1% +NZ$4.3m | -17.1% | PB0.5x |