What’s at stake: It's been a tough ride for the listed property sector, driven home by the hit and miss nature of the last wave of year-end reporting. It's unlikely to abate until interest rates soften.
Background: Three of the four reporting listed property entities, with assets under management of close to $13 billion, have seen share price erosion, as they continue to bear the brunt of a high interest rate environment.
Main players:Kiwi Property Group, Argosy, Stride Property, Goodman Property Trust, Craigs Investment Partners, Forsyth Barr, Peter Mence.
The reporting cycle of four of the NZX’s property plays did little to inspire a market which has fallen out of love with the listed real estate sector, with Argosy Property, Goodman Property, and Stride Property opening softer after the long weekend.
Kiwi Property, for its part, bucked the trend
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What’s at stake: It's been a tough ride for the listed property sector, driven home by the hit and miss nature of the last wave of year-end reporting. It's unlikely to abate until interest rates soften.
Background: Three of the four reporting listed property entities, with assets under management of close to $13 billion, have seen share price erosion, as they continue to bear the brunt of a high interest rate environment.
Main players:Kiwi Property Group, Argosy, Stride Property, Goodman Property Trust, Craigs Investment Partners, Forsyth Barr, Peter Mence.
