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New Zealand (NZX) REITS Industry Analysis

UpdatedJun 29, 2024
DataAggregated Company Financials
Companies3
  • 7D-2.4%
  • 3M-10.3%
  • 1Y-11.9%
  • YTD-13.4%

Over the last 7 days, the REITS industry has dropped 2.4%, driven by declines from every company within the industry. However, the industry is down 12% over the past year. Earnings are forecast to grow by 52% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 30 Jun 2024NZ$1.6bNZ$255.9m-NZ$116,696,000.00n/a-13.8x6.3x
Tue, 28 May 2024NZ$1.7bNZ$228.3m-NZ$187,478,000.00n/a-8.9x7.3x
Thu, 25 Apr 2024NZ$1.7bNZ$226.1m-NZ$243,538,000.00n/a-7.2x7.7x
Sat, 23 Mar 2024NZ$1.7bNZ$226.1m-NZ$243,538,000.00n/a-7.2x7.7x
Mon, 19 Feb 2024NZ$1.8bNZ$226.1m-NZ$243,538,000.00n/a-7.4x7.9x
Wed, 17 Jan 2024NZ$1.9bNZ$226.1m-NZ$243,538,000.00n/a-7.6x8.2x
Fri, 15 Dec 2023NZ$1.7bNZ$226.1m-NZ$243,538,000.00n/a-7.2x7.7x
Sun, 12 Nov 2023NZ$1.7bNZ$226.4m-NZ$210,629,000.00n/a-8.2x7.6x
Tue, 10 Oct 2023NZ$1.8bNZ$226.4m-NZ$210,629,000.00n/a-8.5x7.9x
Thu, 07 Sep 2023NZ$1.8bNZ$226.4m-NZ$210,629,000.00n/a-8.8x8.2x
Sat, 05 Aug 2023NZ$1.9bNZ$226.4m-NZ$210,629,000.00n/a-9.2x8.5x
Mon, 03 Jul 2023NZ$1.8bNZ$226.4m-NZ$210,629,000.00n/a-8.6x8x
Wed, 31 May 2023NZ$1.8bNZ$268.8m-NZ$210,629,000.00n/a-8.4x6.6x
Fri, 28 Apr 2023NZ$1.8bNZ$281.7mNZ$118.2m66.7x14.8x6.2x
Sun, 26 Mar 2023NZ$1.7bNZ$281.7mNZ$118.2m70.3x14.3x6x
Tue, 21 Feb 2023NZ$11.6bNZ$1.3bNZ$934.7m12.4x12.4x9.1x
Thu, 19 Jan 2023NZ$11.4bNZ$1.3bNZ$934.7m12.3x12.2x9x
Sat, 17 Dec 2022NZ$11.4bNZ$1.3bNZ$934.7m12.4x12.2x9x
Mon, 14 Nov 2022NZ$11.6bNZ$1.3bNZ$2.1b5.9x5.6x9.1x
Wed, 12 Oct 2022NZ$11.5bNZ$1.3bNZ$2.1b6x5.6x9x
Fri, 09 Sep 2022NZ$12.6bNZ$1.3bNZ$2.1b6.4x6.1x9.9x
Sun, 07 Aug 2022NZ$13.1bNZ$1.3bNZ$2.3b5.4x5.6x10.3x
Tue, 05 Jul 2022NZ$12.1bNZ$1.3bNZ$2.3b5x5.2x9.5x
Thu, 02 Jun 2022NZ$12.5bNZ$1.3bNZ$2.3b4.9x5.3x9.9x
Sat, 30 Apr 2022NZ$13.3bNZ$1.3bNZ$2.7b5.1x4.9x10.5x
Mon, 28 Mar 2022NZ$13.7bNZ$1.3bNZ$2.7b5.3x5.1x10.8x
Wed, 23 Feb 2022NZ$13.8bNZ$1.3bNZ$2.8bn/a5x10.8x
Fri, 21 Jan 2022NZ$14.5bNZ$1.3bNZ$2.7bn/a5.4x11.5x
Sun, 19 Dec 2021NZ$14.6bNZ$1.3bNZ$2.7b6.3x5.4x11.6x
Tue, 16 Nov 2021NZ$14.0bNZ$1.2bNZ$2.6b6.1x5.4x11.6x
Thu, 14 Oct 2021NZ$14.2bNZ$1.2bNZ$2.2b5.7x6.4x11.7x
Sat, 11 Sep 2021NZ$14.3bNZ$1.2bNZ$2.2b5.8x6.5x11.9x
Mon, 09 Aug 2021NZ$14.1bNZ$1.2bNZ$2.2b5.8x6.4x11.7x
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 1.7x202220232024
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 40% per year, which is driving profits down.

Industry Trends

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

NZ Market0.18%
Real Estate-1.99%
REITS-2.43%
Residential REITs0%
Retail REITs0%
Specialized REITs0%
Hotel and Resort REITs0%
Office REITs-1.76%
Healthcare REITs-2.17%
Diversified REITs-2.43%
Industrial REITs-3.08%
Industry PE
  • Investors are most optimistic about the Specialized REITs industry which is trading above its 3-year average PE ratio of 4.2x.
    • 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 95% 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
No data available
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