The market cap of real estate investment trusts (REITs) in New Zealand decreased substantially in March 2023 compared to the market peak in December 2021. As of March 2023, the aggregate market capitalization, or the market value of the outstanding shares of stocks of all REITs, amounted to 11.7 billion New Zealand dollars. REITs are companies that own or finance rental real estate. One of their major benefit is liquidity: Though not all REITs are publicly traded, many of the major ones are, which allows investors to easily buy and sell shares. Because REITs pay out most of their taxable income to shareholders as dividends, they typically do not pay any corporate income tax.
Market capitalization of real estate investment trusts (REITs) in New Zealand from March 2020 to March 2023
(in billion New Zealand dollars)
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Simply Wall St. (March 2, 2023). Market capitalization of real estate investment trusts (REITs) in New Zealand from March 2020 to March 2023 (in billion New Zealand dollars) [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/1369845/market-cap-reits-new-zealand/
Simply Wall St. "Market capitalization of real estate investment trusts (REITs) in New Zealand from March 2020 to March 2023 (in billion New Zealand dollars)." Chart. March 2, 2023. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/1369845/market-cap-reits-new-zealand/
Simply Wall St. (2023). Market capitalization of real estate investment trusts (REITs) in New Zealand from March 2020 to March 2023 (in billion New Zealand dollars). Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/1369845/market-cap-reits-new-zealand/
Simply Wall St. "Market Capitalization of Real Estate Investment Trusts (Reits) in New Zealand from March 2020 to March 2023 (in Billion New Zealand Dollars)." Statista, Statista Inc., 2 Mar 2023, https://www.statista.com/statistics/1369845/market-cap-reits-new-zealand/
Simply Wall St, Market capitalization of real estate investment trusts (REITs) in New Zealand from March 2020 to March 2023 (in billion New Zealand dollars) Statista, https://www.statista.com/statistics/1369845/market-cap-reits-new-zealand/ (last visited December 22, 2024)
Market capitalization of real estate investment trusts (REITs) in New Zealand from March 2020 to March 2023 (in billion New Zealand dollars) [Graph], Simply Wall St, March 2, 2023. [Online]. Available: https://www.statista.com/statistics/1369845/market-cap-reits-new-zealand/
