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New Zealand (NZX) REITS Industry Analysis

UpdatedJun 03, 2024
DataAggregated Company Financials
Companies3
  • 7D3.0%
  • 3M-1.5%
  • 1Y-5.0%
  • YTD-7.9%

Over the last 7 days, the REITS industry has dropped 2.1%, driven by Argosy Property declining 2.7%. However, the industry is down 8.6% over the past year. Earnings are forecast to grow by 63% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 04 Jun 2024NZ$1.7bNZ$279.6m-NZ$116,696,000.00n/a-14.6x6.1x
Thu, 02 May 2024NZ$1.7bNZ$226.1m-NZ$243,538,000.00n/a-7x7.5x
Sat, 30 Mar 2024NZ$1.8bNZ$226.1m-NZ$243,538,000.00n/a-7.3x7.9x
Mon, 26 Feb 2024NZ$1.8bNZ$226.1m-NZ$243,538,000.00n/a-7.3x7.8x
Wed, 24 Jan 2024NZ$1.8bNZ$226.1m-NZ$243,538,000.00n/a-7.5x8x
Fri, 22 Dec 2023NZ$1.8bNZ$226.1m-NZ$243,538,000.00n/a-7.5x8x
Sun, 19 Nov 2023NZ$1.8bNZ$226.4m-NZ$210,629,000.00n/a-8.4x7.8x
Tue, 17 Oct 2023NZ$1.8bNZ$226.4m-NZ$210,629,000.00n/a-8.5x7.9x
Thu, 14 Sep 2023NZ$1.7bNZ$226.4m-NZ$210,629,000.00n/a-8.2x7.6x
Sat, 12 Aug 2023NZ$1.9bNZ$226.4m-NZ$210,629,000.00n/a-9.1x8.5x
Mon, 10 Jul 2023NZ$1.9bNZ$226.4m-NZ$210,629,000.00n/a-8.9x8.3x
Wed, 07 Jun 2023NZ$1.7bNZ$229.8m-NZ$196,871,000.00135.6x-8.8x7.5x
Fri, 05 May 2023NZ$1.7bNZ$281.7mNZ$118.2m67.9x14.7x6.2x
Sun, 02 Apr 2023NZ$1.7bNZ$281.7mNZ$118.2m67.9x14.7x6.2x
Tue, 28 Feb 2023NZ$11.4bNZ$1.3bNZ$470.2m15.6x24.3x8.9x
Thu, 26 Jan 2023NZ$11.4bNZ$1.3bNZ$934.7m12.6x12.2x9x
Sat, 24 Dec 2022NZ$11.4bNZ$1.3bNZ$934.7m12.3x12.2x9x
Mon, 21 Nov 2022NZ$11.5bNZ$1.3bNZ$1.5b6.3x7.5x8.9x
Wed, 19 Oct 2022NZ$11.1bNZ$1.3bNZ$2.1b5.9x5.4x8.7x
Fri, 16 Sep 2022NZ$12.6bNZ$1.3bNZ$2.1b6.3x6.1x9.8x
Sun, 14 Aug 2022NZ$13.2bNZ$1.3bNZ$2.3b6.1x5.8x10.3x
Tue, 12 Jul 2022NZ$12.5bNZ$1.3bNZ$2.3b5.3x5.3x9.8x
Thu, 09 Jun 2022NZ$12.4bNZ$1.3bNZ$2.3b4.9x5.3x9.7x
Sat, 07 May 2022NZ$12.8bNZ$1.3bNZ$2.7b4.9x4.7x10.1x
Mon, 04 Apr 2022NZ$13.8bNZ$1.3bNZ$2.7b5.2x5.1x10.9x
Wed, 02 Mar 2022NZ$13.7bNZ$1.3bNZ$2.7b5.2x5.1x10.8x
Fri, 28 Jan 2022NZ$14.2bNZ$1.3bNZ$2.7b5.6x5.3x11.3x
Sun, 26 Dec 2021NZ$14.5bNZ$1.3bNZ$2.7b6.2x5.4x11.5x
Tue, 23 Nov 2021NZ$14.0bNZ$1.2bNZ$2.6bn/a5.4x11.5x
Thu, 21 Oct 2021NZ$14.3bNZ$1.2bNZ$2.2b5.9x6.5x11.9x
Sat, 18 Sep 2021NZ$14.5bNZ$1.2bNZ$2.2b5.8x6.5x12x
Mon, 16 Aug 2021NZ$14.5bNZ$1.2bNZ$2.2b6.1x6.5x12x
Price to Earnings Ratio

6.2x


Total Market Cap: NZ$13.7bTotal Earnings: NZ$2.2bTotal Revenue: NZ$1.2bTotal Market Cap vs Earnings and Revenue0%0%0%
New Zealand REITS Industry Price to Earnings3Y Average 2.2x202220232024
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 declined over the last three years, with the industry now making a loss overall.
  • Revenues have also declined 42% per year, which is driving profits down.

Industry Trends

Which industries have driven the changes within the New Zealand Real Estate industry?

NZ Market0.74%
Real Estate-0.58%
REITS3.02%
Diversified REITs3.02%
Residential REITs0%
Specialized REITs0%
Hotel and Resort REITs0%
Office REITs-0.85%
Retail REITs-0.88%
Industrial REITs-1.69%
Healthcare REITs-3.03%
Industry PE
  • Investors are most optimistic about the Specialized REITs industry which is trading above its 3-year average PE ratio of 3.6x.
    • Analysts are expecting annual earnings growth of 3.4%, which is higher than its past year's earnings decline of 74.0% per year.
Forecasted Growth
  • Analysts are most optimistic on the Office REITs industry, expecting annual earnings growth of 98% over the next 5 years.
  • In contrast, the Specialized REITs industry is expected to see its earnings grow by 3.4% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
SPG Stride Property GroupNZ$1.284.1%
+NZ$28.0m		-4.5%PB0.7x
ARG Argosy PropertyNZ$1.091.4%
+NZ$12.7m		-4.0%PB0.8x
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Latest News

SPG

NZ$1.28

Stride Property Group

7D

4.1%

1Y

-4.5%

ARG

NZ$1.09

Argosy Property

7D

1.4%

1Y

-4.0%