New Zealand’s listed property companies outperformed the NZX50 last year.

A Forsyth Barr report shows the NZX Property (Gross with Imputation) Index outperformed the NZX50 by over 11%. The listed property companies reported 11.8% growth compared to the NZX50's 0.4% growth.

The listed property companies’ growth is attributed to 10.2% growth in the first half of the year and comes despite a 0.2% regression in the December quarter, Forsyth Barr analyst Jeremy Simpson says.

The Forsyth Barr report showed all the listed property companies had positive growth for the year with Kermadec and Argosy leading the way with respective gains of 30.6% and 17.6%.

There are 10 listed property companies in New Zealand and seven of them are listed on the NZX50 and account for 9.7% of the index weight.

The companies and index weight as at December on the NZX Property index are listed below. Those also on the NZX 50 are in bold with NZX 50 Index Weight in brackets.

AMP NZ Office 16.4% (1.66%)

Argosy Property Trust 9.1% (0.91%)

CDL Investments 0.7%

DNZ Property Fund 8.1% (0.81%)

Goodman Property Trust 21.5% (2.27%)

Kiwi Income Property 25.8% (2.56%)

Kermadec 1.2%

NPT 2.1%

Property for Industry 6.7% (0.66%)

Vital Healthcare Property Trust 8.4% (0.84%)