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New Zealand (NZX) REITS Industry Analysis
UpdatedJun 03, 2026
DataAggregated Company Financials
Companies3
- 7D0.1%
- 3M-5.8%
- 1Y2.3%
- YTD-15.3%
The REITS industry has stayed flat over the last week. In line with that, the industry has also been flat over the past 12 months. As for the next few years, earnings are expected to grow by 10% per annum.
Industry Valuation and Performance
Has the New Zealand REITS Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 03 Jun 2026 | NZ$1.6b | NZ$277.7m | NZ$155.8m | 13.8x | 10.4x | 5.8x |
| Fri, 01 May 2026 | NZ$1.6b | NZ$312.0m | NZ$193.3m | 9.9x | 8.4x | 5.2x |
| Sun, 29 Mar 2026 | NZ$1.7b | NZ$312.0m | NZ$193.3m | 9.9x | 8.5x | 5.3x |
| Tue, 24 Feb 2026 | NZ$1.8b | NZ$312.0m | NZ$193.3m | 10.7x | 9.1x | 5.6x |
| Thu, 22 Jan 2026 | NZ$1.9b | NZ$312.0m | NZ$193.3m | 11.7x | 9.8x | 6.1x |
| Sat, 20 Dec 2025 | NZ$1.9b | NZ$312.0m | NZ$193.3m | 11.6x | 9.8x | 6.1x |
| Mon, 17 Nov 2025 | NZ$1.9b | NZ$301.1m | NZ$141.8m | 22.1x | 13.4x | 6.3x |
| Wed, 15 Oct 2025 | NZ$2.0b | NZ$301.1m | NZ$141.8m | 22.9x | 13.9x | 6.5x |
| Fri, 12 Sep 2025 | NZ$1.9b | NZ$301.1m | NZ$141.8m | 21.3x | 13.1x | 6.2x |
| Sun, 10 Aug 2025 | NZ$1.7b | NZ$301.1m | NZ$141.8m | 19.8x | 12.3x | 5.8x |
| Tue, 08 Jul 2025 | NZ$1.7b | NZ$301.1m | NZ$141.8m | 19.2x | 12x | 5.6x |
| Thu, 05 Jun 2025 | NZ$1.6b | NZ$301.1m | NZ$141.8m | 18x | 11.2x | 5.3x |
| Sat, 03 May 2025 | NZ$1.6b | NZ$277.0m | NZ$11.6m | 44.1x | 134.4x | 5.7x |
| Mon, 31 Mar 2025 | NZ$1.6b | NZ$277.0m | NZ$11.6m | 44.8x | 133.2x | 5.6x |
| Wed, 26 Feb 2025 | NZ$1.6b | NZ$277.0m | NZ$11.6m | 47.1x | 138.7x | 5.8x |
| Fri, 24 Jan 2025 | NZ$1.7b | NZ$277.0m | NZ$11.6m | 50.1x | 143.4x | 6x |
| Sun, 22 Dec 2024 | NZ$1.6b | NZ$277.0m | NZ$11.6m | 49.7x | 139.2x | 5.9x |
| Tue, 19 Nov 2024 | NZ$1.8b | NZ$255.9m | -NZ$116,696,000.00 | n/a | -15x | 6.8x |
| Thu, 17 Oct 2024 | NZ$1.8b | NZ$255.9m | -NZ$116,696,000.00 | n/a | -15.1x | 6.9x |
| Sat, 14 Sep 2024 | NZ$1.8b | NZ$255.9m | -NZ$116,696,000.00 | n/a | -15.8x | 7.2x |
| Mon, 12 Aug 2024 | NZ$1.7b | NZ$255.9m | -NZ$116,696,000.00 | n/a | -14.7x | 6.7x |
| Wed, 10 Jul 2024 | NZ$1.6b | NZ$255.9m | -NZ$116,696,000.00 | n/a | -13.9x | 6.3x |
| Fri, 07 Jun 2024 | NZ$1.7b | NZ$279.6m | -NZ$116,696,000.00 | n/a | -14.2x | 5.9x |
| Sun, 05 May 2024 | NZ$1.7b | NZ$226.1m | -NZ$243,538,000.00 | n/a | -7.1x | 7.7x |
| Tue, 02 Apr 2024 | NZ$1.8b | NZ$226.1m | -NZ$243,538,000.00 | n/a | -7.3x | 7.9x |
| Thu, 29 Feb 2024 | NZ$1.8b | NZ$226.1m | -NZ$243,538,000.00 | n/a | -7.2x | 7.8x |
| Sat, 27 Jan 2024 | NZ$1.8b | NZ$226.1m | -NZ$243,538,000.00 | n/a | -7.5x | 8.1x |
| Mon, 25 Dec 2023 | NZ$1.8b | NZ$226.1m | -NZ$243,538,000.00 | n/a | -7.4x | 8x |
| Wed, 22 Nov 2023 | NZ$1.8b | NZ$226.4m | -NZ$210,629,000.00 | n/a | -8.3x | 7.7x |
| Fri, 20 Oct 2023 | NZ$1.8b | NZ$226.4m | -NZ$210,629,000.00 | n/a | -8.4x | 7.8x |
| Sun, 17 Sep 2023 | NZ$1.8b | NZ$226.4m | -NZ$210,629,000.00 | n/a | -8.4x | 7.8x |
| Tue, 15 Aug 2023 | NZ$1.9b | NZ$226.4m | -NZ$210,629,000.00 | n/a | -9x | 8.3x |
| Thu, 13 Jul 2023 | NZ$1.9b | NZ$226.4m | -NZ$210,629,000.00 | n/a | -8.9x | 8.3x |
| Sat, 10 Jun 2023 | NZ$1.8b | NZ$226.4m | -NZ$210,629,000.00 | n/a | -8.3x | 7.8x |
Price to Earnings Ratio
-8.3x
Current Industry PE
- There are only 3 companies in the New Zealander 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 REITs industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 6.5% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Trends
Which industries have driven the changes within the New Zealand Real Estate industry?
| NZ Market | 0.91% | |
| Real Estate | 0.85% | |
| REITS | 0.12% | |
| Industrial REITs | 2.68% | |
| Retail REITs | 1.42% | |
| Diversified REITs | 0.12% | |
| Office REITs | -0.48% | |
| Specialized REITs | -0.52% | |
| Healthcare REITs | -0.81% | |
Industry PE
- Investors are most optimistic about the Office REITs industry which is trading above its 3-year average PE ratio of 39.3x.
- Analysts are expecting annual earnings growth of 25.9% and investors are willing to pay a premium for that growth.
Forecasted Growth
- Analysts are most optimistic on the Healthcare REITs industry, expecting annual earnings growth of 51% over the next 5 years.
- In contrast, the Specialized REITs industry is expected to see its earnings growth to stay flat over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| No data available | |||||