Kiwi Property offers low-risk exposure to the New Zealand office and retail property sectors.
Kiwi Property Group’s pretax operating profit per share for first-half fiscal 2018 was up 3.5% on the previous corresponding period mostly due to contracted rental escalations. Retail sales performance was poor, with only a handful of categories--mini-majors, commercial services plus pharmacy and wellbeing--posting sales growth over 3.5%. Announced asset sales will leave a hole in earnings for fiscal 2019, which the firm has yet to fill. Our longer-term forecasts for the retail assets are largel...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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