Head-to-head comparison of all 10 NZX-listed property REITs across portfolio, financial, concentration, and risk metrics. 116 properties with $6.7B total portfolio value and $11.6B combined market cap.
REITs
10
Total Properties
116
Portfolio Value
$6.7B
Market Cap
$11.6B
| REIT | Market Cap | Portfolio | Props | Cap Rate | WALE | Occ % | Div Yield | P/E | NTA Prem | D/E | Reval % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SPG | $655M | $3.1B | 14 | — | 5.3yr | 97.3% | 1.7% | 15.3 | — | — | -20.5% |
| KPG | $1.5B | $3.1B | 11 | 7.3% | 4.1yr | 96.0% | 3.1% | 95.5 | — | — | +1.9% |
| ARG | $964M | $226M | 14 | 5.3% | 5.6yr | 89.0% | 6.2% | 16.0 | — | — | +33.9% |
| APL | $69M | $107M | 1 | 6.1% | 9.0yr | 65.0% | 0.9% | — | — | — | -40.8% |
| PFI | $1.2B | $41M | 4 | — | 5.1yr | 100.0% | 1.9% | 25.2 | — | — | -80.7% |
| IPL | $406M | $26M | 5 | — | 7.1yr | 99.1% | 6.2% | 10.3 | -34% | 0.7x | -7.1% |
| VHP | $1.5B | $0K | 37 | — | 18.9yr | 98.2% | — | — | -10% | 0.9x | — |
| PCT | $2.0B | $0K | 13 | — | 6.0yr | 99.0% | 5.8% | 169.3 | -5% | 0.9x | -100.0% |
| CDI | $224M | $0K | 3 | — | — | — | 1.3% | 20.6 | -29% | 0.0x | -100.0% |
| GMT | $3.0B | $0K | 14 | 5.8% | 6.7yr | 98.0% | 1.6% | 48.3 | — | — | — |
| REIT | Top Tenant | Top % | HHI | Tenants | Listed | Top City | City % | Cities | NOI (impl) | Climate | Types |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SPG | DHL | 7% | 102 | 2 | 1 | Auckland | 100% | 4 | — | 42 | officeindustrialretail+1 |
| KPG | ASB Bank | 9% | 248 |
Data sourced from publicly available records. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.
| 3 |
| 0 |
| Auckland |
| 74% |
| 4 |
| $229M |
| 40 |
mixedofficeretail+2 |
| ARG | NZ PostKPG | 7% | 357 | 7 | 1 | Wellington | 66% | 2 | $12M | 46 | officeindustrialother+2 |
| APL | Auckland Council | 100% | 10,000 | 1 | 0 | Auckland | 100% | 1 | $7M | 33 | office |
| PFI | Tokyo Food | 25% | 1,250 | 2 | 1 | Auckland | 100% | 1 | — | 33 | industrial |
| IPL | WoolworthsWHS | 100% | 10,000 | 1 | 1 | Christchurch | 100% | 3 | — | 51 | retail |
| VHP | Evolution Healthcare / Allevia Health | 5% | 110 | 9 | 0 | Auckland | 0% | 11 | — | 36 | healthcare |
| PCT | Deloitte | 8% | 473 | 8 | 0 | Auckland | 0% | 2 | — | 47 | mixedofficeretail |
| CDI | — | 0% | 0 | 0 | 0 | Auckland | 0% | 2 | — | 59 | industrialretail |
| GMT | DHL, Freightways, Mainfreight, NZ Post, OfficeMaxALF | 7% | 714 | 14 | 6 | Auckland | 0% | 1 | — | 33 | logistics |
