Report
EUR 13.40 For Business Accounts Only

INVESTORE PROPERTY receives a double requalification that leads to a downgrade to Neutral

INVESTORE PROPERTY (NZ), a company active in the Real Estate Holding & Development industry, sees its general evaluation downgraded to Neutral on account of a double requalification. The independent financial analyst theScreener just removed a fundamental star(s) for a 2 over 4-star rating. As such, market behaviour has also deteriorated and is evaluated as moderately risky. theScreener believes that the loss of a star(s) and the increased risk justifies the general evaluation downgrade, which passes to Neutral. As of the analysis date April 23, 2021, the closing price was NZD 2.09 and its expected value was estimated at NZD 2.13.
Underlying
Investore Property Ltd.

Investore Property Limited is a property company. The Company is engaged in commercial property ownership business. The Company invests in large format retail property assets in New Zealand. The Company's portfolio is spread across geographical areas, including Other South Island, Waikato, Other North Island, Wellington, Otago, Canterbury and Auckland. Its property portfolio includes features, such as leases structured as net leases; property or land able to be converted into large format retail real estate through asset management activities, such as change of use, leasing, development and redevelopment initiatives; anchor tenants that occupy over 50% of the net lettable area of the property, and uses that include grocery, bulky goods retailing, factory outlets, general merchandise and convenience retailing.

Provider
TheScreener
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