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New Zealand (NZX) Diversified REITs Industry Analysis
UpdatedNov 22, 2025
DataAggregated Company Financials
Companies3
- 7D3.2%
- 3M8.6%
- 1Y9.6%
- YTDn/a
Last week, the Diversified REITs industry hasn't moved much but Argosy Property is up 5.3% in that time. The past year has been better, since the industry has gained 9.3% in that time. As for the next few years, earnings are expected to grow by 4.2% 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 |
|---|---|---|---|---|---|---|
| Sun, 23 Nov 2025 | NZ$1.9b | NZ$303.2m | NZ$169.2m | 21.6x | 11.5x | 6.4x |
| Tue, 21 Oct 2025 | NZ$2.0b | NZ$301.1m | NZ$141.8m | 22.6x | 14x | 6.6x |
| Thu, 18 Sep 2025 | NZ$1.9b | NZ$301.1m | NZ$141.8m | 21.6x | 13.2x | 6.2x |
| Sat, 16 Aug 2025 | NZ$1.8b | NZ$301.1m | NZ$141.8m | 20.1x | 12.5x | 5.9x |
| Mon, 14 Jul 2025 | NZ$1.7b | NZ$301.1m | NZ$141.8m | 19.8x | 12.3x | 5.8x |
| Wed, 11 Jun 2025 | NZ$1.6b | NZ$301.1m | NZ$141.8m | 18.2x | 11.3x | 5.3x |
| Fri, 09 May 2025 | NZ$1.6b | NZ$277.0m | NZ$11.6m | 44.7x | 138.9x | 5.8x |
| Sun, 06 Apr 2025 | NZ$1.6b | NZ$277.0m | NZ$11.6m | 44.4x | 136.1x | 5.7x |
| Tue, 04 Mar 2025 | NZ$1.6b | NZ$277.0m | NZ$11.6m | 47.7x | 140.3x | 5.9x |
| Thu, 30 Jan 2025 | NZ$1.7b | NZ$277.0m | NZ$11.6m | 49.3x | 144.4x | 6.1x |
| Sat, 28 Dec 2024 | NZ$1.7b | NZ$277.0m | NZ$11.6m | 50.9x | 145.3x | 6.1x |
| Mon, 25 Nov 2024 | NZ$1.8b | NZ$257.8m | -NZ$64,379,000.00 | n/a | -27.7x | 6.9x |
| Wed, 23 Oct 2024 | NZ$1.8b | NZ$255.9m | -NZ$116,696,000.00 | n/a | -15.5x | 7.1x |
| Fri, 20 Sep 2024 | NZ$1.8b | NZ$255.9m | -NZ$116,696,000.00 | n/a | -15.2x | 6.9x |
| Sun, 18 Aug 2024 | NZ$1.8b | NZ$255.9m | -NZ$116,696,000.00 | n/a | -15.5x | 7.1x |
| Tue, 16 Jul 2024 | NZ$1.7b | NZ$255.9m | -NZ$116,696,000.00 | n/a | -14.3x | 6.5x |
| Thu, 13 Jun 2024 | NZ$1.7b | NZ$255.9m | -NZ$116,696,000.00 | n/a | -14.6x | 6.7x |
| Sat, 11 May 2024 | NZ$1.7b | NZ$226.1m | -NZ$243,538,000.00 | n/a | -7x | 7.6x |
| Mon, 08 Apr 2024 | NZ$1.8b | NZ$226.1m | -NZ$243,538,000.00 | n/a | -7.5x | 8x |
| Wed, 06 Mar 2024 | NZ$1.7b | NZ$226.1m | -NZ$243,538,000.00 | n/a | -7.1x | 7.6x |
| Fri, 02 Feb 2024 | NZ$1.9b | NZ$226.1m | -NZ$243,538,000.00 | n/a | -7.6x | 8.2x |
| Sun, 31 Dec 2023 | NZ$1.8b | NZ$226.1m | -NZ$243,538,000.00 | n/a | -7.5x | 8.1x |
| Tue, 28 Nov 2023 | NZ$1.8b | NZ$226.4m | -NZ$210,629,000.00 | n/a | -8.4x | 7.8x |
| Thu, 26 Oct 2023 | NZ$1.7b | NZ$226.4m | -NZ$210,629,000.00 | n/a | -8.3x | 7.7x |
| Sat, 23 Sep 2023 | NZ$1.8b | NZ$226.4m | -NZ$210,629,000.00 | n/a | -8.3x | 7.7x |
| Mon, 21 Aug 2023 | NZ$1.9b | NZ$226.4m | -NZ$210,629,000.00 | n/a | -8.9x | 8.3x |
| Wed, 19 Jul 2023 | NZ$1.9b | NZ$226.4m | -NZ$210,629,000.00 | n/a | -8.8x | 8.2x |
| Fri, 16 Jun 2023 | NZ$1.8b | NZ$226.4m | -NZ$210,629,000.00 | n/a | -8.4x | 7.8x |
| Sun, 14 May 2023 | NZ$1.7b | NZ$281.7m | NZ$118.2m | 67.8x | 14.6x | 6.1x |
| Tue, 11 Apr 2023 | NZ$1.7b | NZ$281.7m | NZ$118.2m | 67.9x | 14.8x | 6.2x |
| Thu, 09 Mar 2023 | NZ$1.8b | NZ$281.7m | NZ$118.2m | 73.2x | 15.4x | 6.5x |
| Sat, 04 Feb 2023 | NZ$1.9b | NZ$281.7m | NZ$118.2m | 68.1x | 16x | 6.7x |
| Mon, 02 Jan 2023 | NZ$1.8b | NZ$281.7m | NZ$118.2m | 61.7x | 15.5x | 6.5x |
| Wed, 30 Nov 2022 | NZ$1.9b | NZ$283.9m | NZ$120.4m | 17.1x | 15.5x | 6.6x |
Price to Earnings Ratio
15.5x
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 5.6% per year over the last three years, while revenues have remained mostly flat.
- This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.
Industry Comparison
How does New Zealand Diversified REITs compare with similar industries?
| NZ Market | -0.32% | |
| Real Estate | 0.68% | |
| REITS | 3.23% | |
| Diversified REITs | 3.23% | |
| Office REITs | 2.05% | |
| Healthcare REITs | 1.81% | |
| Retail REITs | 1.23% | |
| Specialized REITs | -0.47% | |
| Industrial REITs | -1.51% | |
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$1.30 | 5.3% +NZ$56.2m | 16.7% | PB0.8x | |
| SPG Stride Property Group | NZ$1.39 | 0.7% +NZ$5.6m | 3.0% | PB0.8x |