Kiwi Property’s Solid Retail Sales Faces Medium-Term Pressures. FVE Increases to NZD 1.40
Kiwi Property Group reported fiscal 2019 earnings (on a fund from operations, or FFO, basis) of NZD 106.9 million down on the NZD 111.3 million in the prior year. Asset sales were the key reason for the decline, with rent income falling NZD 6.8 million from the sale of North City and NZD 6.0 million from the sale of the Majestic Centre, both in Wellington. Rental growth across narrow-moat-rated Kiwi Property’s portfolio was slightly ahead of expectations and recalibrating for higher base rents i...Kiwi Property Group is engaged in investing in New Zealand real estate. The Trust's objectives are to maximize earnings and to provide long-term sustainable returns to investors through the strategic acquisition, intensive management and ongoing development of office, retail and industrial property assets. Co.'s business segments comprise retail (representing Co.'s investment in retail property), office (representing Co.'s investment in office property) and other (representing those items which are neither retail nor office). As of Mar 31 2010, Co. had total assets of NZ$1,984,822,000.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.