Real Estate Reflections - Weak Share Prices, Stable Fundamentals
The listed property sector continued its poor start to the year in February, down another -1.1%, taking year-to-date performance to -4.5%.
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Property Sector Five Themes For 2026
The listed property sector has had a soft start to 2026, but we remain constructive for the year ahead. Our preferred sector picks are Precinct...
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Real Estate Reflections A Strong Year in Property
The sector is now trading on a -14% discount to net tangible assets (NTA), a gross yield of 7.5% or +300bp spread to long bond rates, and an AFFO...
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Real Estate Reflections Hot Property
We have rolled the lower forward interest rate curve through our models and adjusted our NAV assumptions, which drives a +3% to +9% increase in...
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Real Estate Reflections - Road to Recovery
August was another strong month for listed property vehicles (LPV) as the RBNZ cut the official cash rate mid-month. Over the last two months the...
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