reports
Kiwi Property Group: 1 director
A director at Kiwi Property Group bought 60,000 shares at 1.152NZD and the significance rating of the trade was 69/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years cl...
An unfavourable environment weighs on KIWI PROPERTY GROUP, which sees ...
The independent financial analyst theScreener just requalified the general evaluation of KIWI PROPERTY GROUP (NZ), active in the Real Estate Holding & Development industry. As regards its fundamental valuation, the title still shows 1 out of 4 stars and its market behaviour is seen as defensive. theScreener believes that the unfavourable environment weighs on the sector and penalises the company, which sees a downgrade to its general evaluation to Neutral. As of the analysis date July 9, 2021, t...
- Adam Fleck
Morningstar | Ceasing Coverage of Kiwi Property
We intend to cease coverage on Kiwi Property Group in July 2019. We periodically adjust our coverage as necessary based on stock outlook, client demand, and investor interest. We ascribe a narrow moat to the firm, reflecting the efficient scale of its retail assets, the barriers for new entrants, and the network effect of larger retail assets. In its fiscal 2019 results, rental growth across Kiwi’s portfolio was ahead of expectations, which led to an increase in fair value to NZD 1.40 from NZ...
- Adam Fleck
Morningstar | Ceasing Coverage of Kiwi Property. See Updated Analyst N...
We intend to cease coverage on Kiwi Property Group in July 2019. We periodically adjust our coverage as necessary based on stock outlook, client demand, and investor interest. We ascribe a narrow moat to the firm, reflecting the efficient scale of its retail assets, the barriers for new entrants, and the network effect of larger retail assets. In its fiscal 2019 results, rental growth across Kiwi’s portfolio was ahead of expectations, which led to an increase in fair value to NZD 1.40 from NZ...
- Adam Fleck
Ceasing Coverage of Kiwi Property
We intend to cease coverage on Kiwi Property Group in July 2019. We periodically adjust our coverage as necessary based on stock outlook, client demand, and investor interest. We ascribe a narrow moat to the firm, reflecting the efficient scale of its retail assets, the barriers for new entrants, and the network effect of larger retail assets. In its fiscal 2019 results, rental growth across Kiwi’s portfolio was ahead of expectations, which led to an increase in fair value to NZD 1.40 from NZD...
- Tony Sherlock
Morningstar | Kiwi Property’s Solid Retail Sales Faces Medium-Term P...
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...
- Tony Sherlock
Morningstar | Kiwi Property’s Solid Retail Sales Faces Medium-Term P...
Kiwi Property Group Limited is one of New Zealand's largest REITs, with gross assets of NZD 3.0 billion, split between retail (70%) and office (30%). We ascribe a narrow moat to the company, reflecting the efficient scale of its retail assets, the significant barriers for new entrants, and the network effect of larger retail assets. Distributions are underpinned by Kiwi Property's high occupancy and long weighted average lease expiry, which provide a high degree of medium-term income certainty. ...
- Tony Sherlock
Kiwi Property’s Solid Retail Sales Faces Medium-Term Pressures. FVE ...
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...
- Tony Sherlock
Kiwi Property’s Solid Retail Sales Faces Medium-Term Pressures. FVE ...
We have retained our NZD 1.35 fair value estimate for narrow-moat Kiwi Property Group, with the firm screening as slightly overvalued currently trading around NZD 1.48. The firm will rule off on its fiscal 2019 accounts this week and we expect no major surprises when Kiwi releases its results on May 20. Kiwi doesn’t provide earnings guidance but has guided for fiscal 2019 distributions of NZD 6.95 cents per share, or cps, up slightly on the prior year’s NZD 6.85 cps. Our key focus for the up...
- Tony Sherlock
Morningstar | Kiwi Retail Doing Well But Outer-Year Risk to Tenant Sal...
We have retained our NZD 1.35 fair value estimate for narrow-moat Kiwi Property Group, with the firm screening as slightly overvalued currently trading around NZD 1.48. The firm will rule off on its fiscal 2019 accounts this week and we expect no major surprises when Kiwi releases its results on May 20. Kiwi doesn’t provide earnings guidance but has guided for fiscal 2019 distributions of NZD 6.95 cents per share, or cps, up slightly on the prior year’s NZD 6.85 cps. Our key focus for the u...
- Tony Sherlock
Morningstar | Kiwi Retail Doing Well but Outer-Year Tenant Sales Risks...
Kiwi Property Group Limited is one of New Zealand's largest REITs, with gross assets of NZD 3.0 billion, split between retail (70%) and office (30%). We ascribe a narrow moat to the company, reflecting the efficient scale of its retail assets, the significant barriers for new entrants, and the network effect of larger retail assets. Distributions are underpinned by Kiwi Property's high occupancy and long weighted average lease expiry, which provide a high degree of medium-term income certainty. ...
- Tony Sherlock
Kiwi Retail Doing Well But Outer-Year Risk to Tenant Sales Remain. FVE...
We have retained our NZD 1.35 fair value estimate for narrow-moat Kiwi Property Group, with the firm screening as slightly overvalued currently trading around NZD 1.48. The firm will rule off on its fiscal 2019 accounts this week and we expect no major surprises when Kiwi releases its results on May 20. Kiwi doesn’t provide earnings guidance but has guided for fiscal 2019 distributions of NZD 6.95 cents per share, or cps, up slightly on the prior year’s NZD 6.85 cps. Our key focus for the up...
- Tony Sherlock
Kiwi Retail Doing Well but Outer-Year Tenant Sales Risks Remain
Kiwi Property Group’s first-half fiscal 2019 earnings on a funds from operations, or FFO, basis were marginally below expectations at NZD 3.67 cents per security mainly due to greater than expected rent loss as space is vacated for redevelopment projects. However, rent outcomes across the retail portfolio was disappointing, with multiple shopping centres reporting weak growth over the past 12 months. We were expecting the favourable economic conditions would result in stronger rental uplift th...
- Tony Sherlock
Morningstar | Sales and Rents Across Kiwi's Retail Portfolio Continue ...
Kiwi Property Group’s first-half fiscal 2019 earnings on a funds from operations, or FFO, basis were marginally below expectations at NZD 3.67 cents per security mainly due to greater than expected rent loss as space is vacated for redevelopment projects. However, rent outcomes across the retail portfolio was disappointing, with multiple shopping centres reporting weak growth over the past 12 months. We were expecting the favourable economic conditions would result in stronger rental uplift th...
- Tony Sherlock
Morningstar | Sales and Rents Across Kiwi’s Retail Portfolio Continu...
Kiwi Property Group Limited is one of New Zealand's largest REITs, with gross assets of NZD 3.0 billion, split between retail (70%) and office (30%). We ascribe a narrow moat to the company, reflecting the efficient scale of its retail assets, the significant barriers for new entrants, and the network effect of larger retail assets. Distributions are underpinned by Kiwi Property's high occupancy and long weighted average lease expiry, which provide a high degree of medium-term income certainty. ...
- Tony Sherlock
Sales and Rents Across Kiwi's Retail Portfolio Continue to Disappoint....
Kiwi Property Group’s first-half fiscal 2019 earnings on a funds from operations, or FFO, basis were marginally below expectations at NZD 3.67 cents per security mainly due to greater than expected rent loss as space is vacated for redevelopment projects. However, rent outcomes across the retail portfolio was disappointing, with multiple shopping centres reporting weak growth over the past 12 months. We were expecting the favourable economic conditions would result in stronger rental uplift th...
- Tony Sherlock
Sales and Rents Across Kiwi’s Retail Portfolio Continue to Disappoin...
Our fair value estimate is unchanged at NZD 1.40 for narrow-moat-rated Kiwi Property Group. New Zealand economic conditions remain supportive of Kiwi Property's portfolio of retail shopping centres, the firm's largest asset class at 68% of total assets. New Zealand economic growth over the 12 months to June was solid at 2.8%, and median wages are up 2.9%. This should provide a small top-up to household budgets given these are both well ahead of consumer price growth of 1.5%. We see the New Zeala...
- Tony Sherlock
Morningstar | Kiwi Has More Work to Make its Smaller Malls More E-Comm...
Our fair value estimate is unchanged at NZD 1.40 for narrow-moat-rated Kiwi Property Group. New Zealand economic conditions remain supportive of Kiwi Property's portfolio of retail shopping centres, the firm's largest asset class at 68% of total assets. New Zealand economic growth over the 12 months to June was solid at 2.8%, and median wages are up 2.9%. This should provide a small top-up to household budgets given these are both well ahead of consumer price growth of 1.5%. We see the New Zeala...
- Tony Sherlock
Morningstar | Kiwi Has More Work to Make its Smaller Malls More E-Comm...
Our fair value estimate is unchanged at NZD 1.40 for narrow-moat-rated Kiwi Property Group. New Zealand economic conditions remain supportive of Kiwi Property's portfolio of retail shopping centres, the firm's largest asset class at 68% of total assets. New Zealand economic growth over the 12 months to June was solid at 2.8%, and median wages are up 2.9%. This should provide a small top-up to household budgets given these are both well ahead of consumer price growth of 1.5%. We see the New Zeala...
- Tony Sherlock
Kiwi Has More Work to Make its Smaller Malls More E-Commerce Resilient...
Our fair value estimate is unchanged at NZD 1.40 for narrow-moat-rated Kiwi Property Group. New Zealand economic conditions remain supportive of Kiwi Property's portfolio of retail shopping centres, the firm's largest asset class at 68% of total assets. New Zealand economic growth over the 12 months to June was solid at 2.8%, and median wages are up 2.9%. This should provide a small top-up to household budgets given these are both well ahead of consumer price growth of 1.5%. We see the New Zeala...
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