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New Zealand (NZX) Office REITs Industry Analysis

UpdatedApr 11, 2024
DataAggregated Company Financials
Companies1
  • 7D-2.5%
  • 3M-5.6%
  • 1Y-6.7%
  • YTDn/a

In the last week, Office REITs has been flat. Unfortunately though, the industry is down 4.3% over the past 12 months. Earnings are forecast to grow by 102% annually.

Industry Valuation and Performance

Has the New Zealand Office REITs Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 11 Apr 2024NZ$1.9bNZ$228.8m-NZ$136,000,000.00n/a-13.9x8.3x
Sat, 09 Mar 2024NZ$1.9bNZ$228.8m-NZ$136,000,000.00n/a-13.8x8.2x
Mon, 05 Feb 2024NZ$2.0bNZ$222.3m-NZ$153,100,000.00n/a-13.1x9x
Wed, 03 Jan 2024NZ$2.0bNZ$222.3m-NZ$153,100,000.00n/a-13.1x9x
Fri, 01 Dec 2023NZ$1.8bNZ$222.3m-NZ$153,100,000.00n/a-11.8x8.1x
Sun, 29 Oct 2023NZ$1.7bNZ$222.3m-NZ$153,100,000.00n/a-11.4x7.8x
Tue, 26 Sep 2023NZ$1.9bNZ$222.3m-NZ$153,100,000.00n/a-12.1x8.3x
Thu, 24 Aug 2023NZ$2.0bNZ$224.3m-NZ$153,100,000.00n/a-13.2x9x
Sat, 22 Jul 2023NZ$2.1bNZ$214.8mNZ$66.0m31.2x31.2x9.6x
Mon, 19 Jun 2023NZ$2.0bNZ$214.8mNZ$66.0m30.2x30.2x9.3x
Wed, 17 May 2023NZ$2.0bNZ$214.8mNZ$66.0m29.8x29.8x9.2x
Fri, 14 Apr 2023NZ$2.0bNZ$214.8mNZ$66.0m30.6x30.6x9.4x
Sun, 12 Mar 2023NZ$2.0bNZ$214.8mNZ$66.0m30.3x30.3x9.3x
Tue, 07 Feb 2023NZ$2.0bNZ$200.3mNZ$110.0m18.3x18.3x10.1x
Thu, 05 Jan 2023NZ$2.0bNZ$200.3mNZ$110.0m18.5x18.5x10.2x
Sat, 03 Dec 2022NZ$2.0bNZ$200.3mNZ$110.0m18.4x18.3x10.1x
Mon, 31 Oct 2022NZ$1.9bNZ$200.3mNZ$110.0m17.6x17.6x9.7x
Wed, 28 Sep 2022NZ$2.0bNZ$200.3mNZ$110.0m18.3x18.3x10.1x
Fri, 26 Aug 2022NZ$2.2bNZ$200.3mNZ$110.0m19.9x19.9x10.9x
Sun, 24 Jul 2022NZ$2.2bNZ$199.6mNZ$66.7m32.3x32.3x10.8x
Tue, 21 Jun 2022NZ$2.1bNZ$199.6mNZ$66.7m31.4x31.4x10.5x
Thu, 19 May 2022NZ$2.1bNZ$199.6mNZ$66.7m32x32x10.7x
Sat, 16 Apr 2022NZ$2.4bNZ$199.6mNZ$66.7m36.6x36.6x12.2x
Mon, 14 Mar 2022NZ$2.4bNZ$199.6mNZ$66.7m36x36x12x
Wed, 09 Feb 2022NZ$2.6bNZ$199.8mNZ$187.7m13.6x13.6x12.8x
Fri, 07 Jan 2022NZ$2.7bNZ$199.8mNZ$187.7mn/a14.3x13.4x
Sun, 05 Dec 2021NZ$2.5bNZ$199.8mNZ$187.7m13.3x13.3x12.5x
Tue, 02 Nov 2021NZ$2.6bNZ$199.8mNZ$187.7m13.9x13.9x13.1x
Thu, 30 Sep 2021NZ$2.6bNZ$199.8mNZ$187.7m14x14x13.2x
Sat, 28 Aug 2021NZ$2.5bNZ$199.8mNZ$187.7m13.3x13.3x12.5x
Sun, 04 Jul 2021NZ$2.3bNZ$199.8mNZ$187.7m12.4x12.4x11.7x
Price to Earnings Ratio

13.3x


Total Market Cap: NZ$2.2bTotal Earnings: NZ$163.4mTotal Revenue: NZ$185.5mTotal Market Cap vs Earnings and Revenue0%0%0%
New Zealand Office REITs Industry Price to Earnings3Y Average 15x202220232024
Current Industry PE
    There is only one company in the New Zealander Office 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 Office REITs industry have declined over the last three years, with the industry now making a loss overall.
  • Meanwhile revenues have grown 7.3% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Comparison

How does New Zealand Office REITs compare with similar industries?

NZ Market-0.57%
Real Estate-0.87%
REITS-1.83%
Office REITs-2.46%
Residential REITs0%
Specialized REITs0%
Hotel and Resort REITs0%
Industrial REITs-0.16%
Retail REITs-0.21%
Diversified REITs-1.83%
Healthcare REITs-2.26%
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
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