Kiwi Property offers low-risk exposure to the New Zealand office and retail property sectors.
Kiwi Property Group reported fiscal 2016 fund from operations, or FFO, of NZD 91.1 million or NZD 7.32 cents per security, down 8.8% on NZD 8.03 cents per security over the year. The decline in FFO was due to nonoperating items, that included an NZD 19 million increase in tax to NZD 20.1 million, partially offset by the low-quality tailwind of lower borrowing costs (falling to 4.88% from 6.02%). Those assets in the portfolio (75%) not impacted by redevelopment works, all performed strongly, gene...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.
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