Real Estate Reflections: A Look Under the Hood (10-Aug-2022)
Leading into reporting season, listed property stocks have rallied but still slightly underperformed the broader market in July
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Land Market – Bid to Win, or Bid to Try Your Luck?
Bid to win, or bid to try your luck...Developers often enter into land bids with different strategies. They may aggressively “bid to win”,...
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Real Estate Reflections Stumbling Out Of The Blocks
We expect February reporting season to highlight solid operational performance with stable vacancy, continued rent growth, and lower debt costs.
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Real Estate Reflections Stumbling Towards the Finish Line
The sector is now trading at a -12% discount to asset values and a gross yield of 7.4%, which is a +300bp spread to long bond rates, broadly in...
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Real Estate Reflections Taking a Breather
Precinct (PCT) raised NZ$325m of additional equity in the month, which weighed on sector performance as investors looked for funders, and the risk...
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