New Zealand (NZX) Diversified REITs Industry Analysis
UpdatedJul 26, 2024
DataAggregated Company Financials
Companies3
- 7D3.1%
- 3M-1.9%
- 1Y-13.1%
- YTDn/a
Over the last 7 days, the Diversified REITs industry has dropped 1.4%, driven by a pullback from Stride Property Group of 1.6%. The industry has fallen 16% in the last year. Earnings are forecast to grow by 52% 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 |
|---|---|---|---|---|---|---|
| Fri, 26 Jul 2024 | NZ$1.7b | NZ$255.9m | -NZ$116,696,000.00 | n/a | -14.6x | 6.6x |
| Sun, 23 Jun 2024 | NZ$1.6b | NZ$255.9m | -NZ$116,696,000.00 | n/a | -14.1x | 6.4x |
| Tue, 21 May 2024 | NZ$1.7b | NZ$226.1m | -NZ$243,538,000.00 | n/a | -7x | 7.5x |
| Thu, 18 Apr 2024 | NZ$1.8b | NZ$226.1m | -NZ$243,538,000.00 | n/a | -7.2x | 7.8x |
| Sat, 16 Mar 2024 | NZ$1.8b | NZ$226.1m | -NZ$243,538,000.00 | n/a | -7.3x | 7.8x |
| Mon, 12 Feb 2024 | NZ$1.8b | NZ$226.1m | -NZ$243,538,000.00 | n/a | -7.4x | 7.9x |
| Wed, 10 Jan 2024 | NZ$1.9b | NZ$226.1m | -NZ$243,538,000.00 | n/a | -7.6x | 8.2x |
| Fri, 08 Dec 2023 | NZ$1.7b | NZ$226.1m | -NZ$243,538,000.00 | n/a | -7.2x | 7.7x |
| Sun, 05 Nov 2023 | NZ$1.7b | NZ$226.4m | -NZ$210,629,000.00 | n/a | -8.2x | 7.6x |
| Tue, 03 Oct 2023 | NZ$1.8b | NZ$226.4m | -NZ$210,629,000.00 | n/a | -8.3x | 7.7x |
| Thu, 31 Aug 2023 | NZ$1.8b | NZ$226.4m | -NZ$210,629,000.00 | n/a | -8.8x | 8.1x |
| Sat, 29 Jul 2023 | NZ$1.9b | NZ$226.4m | -NZ$210,629,000.00 | n/a | -9.2x | 8.6x |
| Mon, 26 Jun 2023 | NZ$1.8b | NZ$226.4m | -NZ$210,629,000.00 | n/a | -8.4x | 7.8x |
| Wed, 24 May 2023 | NZ$1.7b | NZ$291.1m | -NZ$82,473,000.00 | 130.5x | -21.1x | 6x |
| Fri, 21 Apr 2023 | NZ$1.8b | NZ$281.7m | NZ$118.2m | 67.9x | 14.9x | 6.3x |
| Sun, 19 Mar 2023 | NZ$1.8b | NZ$281.7m | NZ$118.2m | 70.6x | 15.2x | 6.4x |
| Tue, 14 Feb 2023 | NZ$1.8b | NZ$281.7m | NZ$118.2m | 70.5x | 15.6x | 6.5x |
| Thu, 12 Jan 2023 | NZ$1.9b | NZ$281.7m | NZ$118.2m | 64.2x | 15.7x | 6.6x |
| Sat, 10 Dec 2022 | NZ$1.9b | NZ$281.7m | NZ$118.2m | 67.1x | 15.7x | 6.6x |
| Mon, 07 Nov 2022 | NZ$2.0b | NZ$322.4m | NZ$351.4m | 7.6x | 5.6x | 6.1x |
| Wed, 05 Oct 2022 | NZ$2.0b | NZ$322.4m | NZ$351.4m | 7.9x | 5.7x | 6.2x |
| Fri, 02 Sep 2022 | NZ$2.2b | NZ$322.4m | NZ$351.4m | 8.7x | 6.2x | 6.8x |
| Sun, 31 Jul 2022 | NZ$2.2b | NZ$322.4m | NZ$351.4m | 8.6x | 6.2x | 6.7x |
| Tue, 28 Jun 2022 | NZ$2.0b | NZ$322.4m | NZ$351.4m | 8.1x | 5.8x | 6.3x |
| Thu, 26 May 2022 | NZ$2.1b | NZ$327.6m | NZ$384.9m | 6.6x | 5.4x | 6.4x |
| Sat, 23 Apr 2022 | NZ$2.3b | NZ$330.6m | NZ$402.9m | 7.5x | 5.7x | 7x |
| Mon, 21 Mar 2022 | NZ$2.4b | NZ$330.6m | NZ$402.9m | 7.7x | 5.8x | 7.1x |
| Wed, 16 Feb 2022 | NZ$2.4b | NZ$330.6m | NZ$402.9m | n/a | 5.9x | 7.1x |
| Fri, 14 Jan 2022 | NZ$2.5b | NZ$330.6m | NZ$402.9m | 16x | 6.3x | 7.7x |
| Sun, 12 Dec 2021 | NZ$2.5b | NZ$330.6m | NZ$402.9m | 7.7x | 6.2x | 7.6x |
| Tue, 09 Nov 2021 | NZ$2.5b | NZ$299.1m | NZ$389.6m | n/a | 6.5x | 8.4x |
| Thu, 07 Oct 2021 | NZ$6.1b | NZ$481.1m | NZ$1.0b | 6.7x | 6x | 12.6x |
| Sat, 04 Sep 2021 | NZ$6.4b | NZ$481.1m | NZ$1.0b | 6.8x | 6.3x | 13.4x |
| Mon, 02 Aug 2021 | NZ$6.1b | NZ$481.1m | NZ$1.0b | 6.6x | 5.9x | 12.6x |
Price to Earnings Ratio
5.9x
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 declined over the last three years, with the industry now making a loss overall.
- Revenues have also declined 19% per year, which is driving profits down.
Industry Comparison
How does New Zealand Diversified REITs compare with similar industries?
| NZ Market | 0.32% | |
| Real Estate | 1.54% | |
| REITS | 3.07% | |
| Diversified REITs | 3.07% | |
| Office REITs | 4.15% | |
| Retail REITs | 1.95% | |
| Specialized REITs | 1.11% | |
| Healthcare REITs | 1.05% | |
| Residential REITs | 0% | |
| Hotel and Resort REITs | 0% | |
| Industrial REITs | -0.20% | |
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$1.27 | 2.4% +NZ$16.8m | -15.9% | PB0.7x | |
| APL Asset Plus | NZ$0.21 | 2.4% +NZ$1.8m | -18.9% | PB0.6x |