Narrative Update • May 10
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New Zealand (NZX) Diversified REITs Industry Analysis
UpdatedMay 16, 2026
DataAggregated Company Financials
Companies3
- 7D0.7%
- 3M-9.3%
- 1Y-0.5%
- YTDn/a
Last week, the Diversified REITs industry hasn't moved much but Stride Property Group is up 3.1% in that time. Furthermore, the industry has been flat for the past year as well. As for the next few years, earnings are expected to grow by 1.4% 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 |
|---|---|---|---|---|---|---|
| Sat, 16 May 2026 | NZ$1.7b | NZ$312.0m | NZ$193.3m | 10.2x | 8.5x | 5.3x |
| Mon, 13 Apr 2026 | NZ$1.7b | NZ$312.0m | NZ$193.3m | 10.2x | 8.7x | 5.4x |
| Wed, 11 Mar 2026 | NZ$1.7b | NZ$312.0m | NZ$193.3m | 10.3x | 8.7x | 5.4x |
| Fri, 06 Feb 2026 | NZ$1.8b | NZ$312.0m | NZ$193.3m | 10.8x | 9.3x | 5.8x |
| Sun, 04 Jan 2026 | NZ$1.9b | NZ$312.0m | NZ$193.3m | 11.9x | 10x | 6.2x |
| Tue, 02 Dec 2025 | NZ$2.0b | NZ$312.0m | NZ$193.3m | 12.2x | 10.2x | 6.3x |
| Thu, 30 Oct 2025 | NZ$2.0b | NZ$301.1m | NZ$141.8m | 23x | 13.9x | 6.5x |
| Sat, 27 Sep 2025 | NZ$1.9b | NZ$301.1m | NZ$141.8m | 21.7x | 13.3x | 6.3x |
| Mon, 25 Aug 2025 | NZ$1.8b | NZ$301.1m | NZ$141.8m | 20.4x | 12.7x | 6x |
| Wed, 23 Jul 2025 | NZ$1.7b | NZ$301.1m | NZ$141.8m | 19.9x | 12.2x | 5.8x |
| Fri, 20 Jun 2025 | NZ$1.6b | NZ$301.1m | NZ$141.8m | 18.1x | 11.4x | 5.3x |
| Sun, 18 May 2025 | NZ$1.6b | NZ$277.0m | NZ$11.6m | 45.4x | 140.9x | 5.9x |
| Tue, 15 Apr 2025 | NZ$1.6b | NZ$277.0m | NZ$11.6m | 44.9x | 133.1x | 5.6x |
| Thu, 13 Mar 2025 | NZ$1.6b | NZ$277.0m | NZ$11.6m | 46.8x | 137x | 5.8x |
| Sat, 08 Feb 2025 | NZ$1.7b | NZ$277.0m | NZ$11.6m | 49x | 143.9x | 6.1x |
| Mon, 06 Jan 2025 | NZ$1.7b | NZ$277.0m | NZ$11.6m | 50.1x | 142.8x | 6x |
| Wed, 04 Dec 2024 | NZ$1.7b | NZ$277.0m | NZ$11.6m | 57x | 149.3x | 6.3x |
| Fri, 01 Nov 2024 | NZ$1.8b | NZ$255.9m | -NZ$116,696,000.00 | n/a | -15.3x | 7x |
| Sun, 29 Sep 2024 | NZ$1.7b | NZ$255.9m | -NZ$116,696,000.00 | n/a | -14.9x | 6.8x |
| Tue, 27 Aug 2024 | NZ$1.9b | NZ$255.9m | -NZ$116,696,000.00 | n/a | -16x | 7.3x |
| Thu, 25 Jul 2024 | NZ$1.7b | NZ$255.9m | -NZ$116,696,000.00 | n/a | -14.8x | 6.7x |
| Sat, 22 Jun 2024 | NZ$1.6b | NZ$255.9m | -NZ$116,696,000.00 | n/a | -14.1x | 6.4x |
| Mon, 20 May 2024 | NZ$1.7b | NZ$226.1m | -NZ$243,538,000.00 | n/a | -6.8x | 7.3x |
| Wed, 17 Apr 2024 | NZ$1.8b | NZ$226.1m | -NZ$243,538,000.00 | n/a | -7.3x | 7.9x |
| Fri, 15 Mar 2024 | NZ$1.7b | NZ$226.1m | -NZ$243,538,000.00 | n/a | -7.1x | 7.7x |
| Sun, 11 Feb 2024 | NZ$1.8b | NZ$226.1m | -NZ$243,538,000.00 | n/a | -7.4x | 7.9x |
| Tue, 09 Jan 2024 | NZ$1.9b | NZ$226.1m | -NZ$243,538,000.00 | n/a | -7.6x | 8.2x |
| Thu, 07 Dec 2023 | NZ$1.7b | NZ$226.1m | -NZ$243,538,000.00 | n/a | -7.1x | 7.6x |
| Sat, 04 Nov 2023 | NZ$1.7b | NZ$226.4m | -NZ$210,629,000.00 | n/a | -8.2x | 7.6x |
| Mon, 02 Oct 2023 | NZ$1.7b | NZ$226.4m | -NZ$210,629,000.00 | n/a | -8.3x | 7.7x |
| Wed, 30 Aug 2023 | NZ$1.9b | NZ$226.4m | -NZ$210,629,000.00 | n/a | -9x | 8.4x |
| Fri, 28 Jul 2023 | NZ$1.9b | NZ$226.4m | -NZ$210,629,000.00 | n/a | -9.2x | 8.6x |
| Sun, 25 Jun 2023 | NZ$1.8b | NZ$226.4m | -NZ$210,629,000.00 | n/a | -8.4x | 7.8x |
| Tue, 23 May 2023 | NZ$1.7b | NZ$291.1m | -NZ$82,473,000.00 | 130.5x | -20.9x | 5.9x |
Price to Earnings Ratio
-20.9x
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 2.3% 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 | -0.96% | |
| Real Estate | -0.12% | |
| REITS | 0.66% | |
| Diversified REITs | 0.66% | |
| Industrial REITs | 1.30% | |
| Specialized REITs | 0.54% | |
| Retail REITs | -0.36% | |
| Office REITs | -0.48% | |
| 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 | |
|---|---|---|---|---|---|
| SPG Stride Property Group | NZ$1.17 | 3.1% +NZ$19.6m | -1.3% | PB0.7x |