Asia Real Estate News Tracker, Asia Real Estate Tracker

Asia Real Estate Tracker

Asia Real Estate News Tracker

Tracking developments across Asia's regional real estate markets

Equity Bottom-Up

<ul><li>Strategic planning and collaboration can create a win-win situation for both investors and occupants in real estate ventures.</li><li>Scape has secured a significant commitment of $3.8 billion from CBRE IM for their student housing fund.</li><li>Companies like Greystar, Warburg, Local, and Kio are sharing Australian living insights at a forum in Singapore.</li></ul>

Strategic planning and collaboration can create a win-win situation for both investors and occupants in real estate ventures.Scape has secured a significant commitment of $3.8 billion from CBRE IM for their student housing fund.Companies like Greystar, Warburg, Local, and Kio are sharing Australian living insights at a forum in Singapore.

Asia Real Estate Tracker (08-May-2025): Creating a Win-Win for Investors and Occupiers

Frasers Logistics & Commercial Trust / Equity Bottom-Up

<ul><li>Frasers REIT plans to sell a Melbourne office tower for $129M to an Australian tycoon, indicating a significant transaction in the real estate market.</li><li>Industry leaders from Hilton, KKR, CREAL, and Pegasus are convening in Singapore to discuss strategies for the hospitality sector at a forum.</li><li>Norges has appointed Alexander Knapp as the new Global Real Estate Head and Jason Leong as the new leader of Asia Fund following van den Berg's departure.</li></ul>

Frasers REIT plans to sell a Melbourne office tower for $129M to an Australian tycoon, indicating a significant transaction in the real estate market.Industry leaders from Hilton, KKR, CREAL, and Pegasus are convening in Singapore to discuss strategies for the hospitality sector at a forum.Norges has appointed Alexander Knapp as the new Global Real Estate Head and Jason Leong as the new leader of Asia Fund following van den Berg's departure.

Asia Real Estate Tracker (07-May-2025): Mt. Maunganui Cold Storage for Sale

New Zealand Professional Investment Services Firm, Forsyth Barr

Forsyth Barr

New Zealand Professional Investment Services Firm

We are proud to be a New Zealand owned firm, with 21 offices throughout the country and over 300 employees. We assist personal, institutional and corporate clients providing a full range of investment services.

Forsyth Barr is a foundation New Zealand Exchange firm (NZX) and accredited market participant. We have been confirmed by the Financial Markets Authority as a Qualifying Financial Entity (QFE).

Research is the cornerstone of our advice. We have one of New Zealand's leading teams of analysts. Our global affiliations ensure comprehensive research coverage of all major investment markets.

<ul><li>We downgrade Port of Tauranga (POT) to UNDERPERFORM from NEUTRAL following a weak first quarter trading update at its Annual Shareholder Meeting, with first time FY24 NPAT guidance well below consensus expectations.</li><li>The soft guidance follows a tough first quarter, with total trade down -9% against a weak first quarter in FY23 when total trade was down -7%.</li><li>The volatility in freight flows has increased in recent periods as inventory levels across the supply chain normalise post-COVID, reflecting reduced end consumer demand. </li></ul>

We downgrade Port of Tauranga (POT) to UNDERPERFORM from NEUTRAL following a weak first quarter trading update at its Annual Shareholder Meeting, with first time FY24 NPAT guidance well below consensus expectations.The soft guidance follows a tough first quarter, with total trade down -9% against a weak first quarter in FY23 when total trade was down -7%.The volatility in freight flows has increased in recent periods as inventory levels across the supply chain normalise post-COVID, reflecting reduced end consumer demand. 

Port of Tauranga - Weighed Down by Containers

<ul><li>Port of Tauranga's (POT) FY23 result highlighted deteriorating cago volumes and intense cost pressures but strong pricing gains.</li><li>These three themes are likely to remain through FY24; we still expect earnings growth but at a more subdued pace.</li><li>Softer cargo trends reflect weaker cyclical conditions, with container imports most impacted. </li></ul>

Port of Tauranga's (POT) FY23 result highlighted deteriorating cago volumes and intense cost pressures but strong pricing gains.These three themes are likely to remain through FY24; we still expect earnings growth but at a more subdued pace.Softer cargo trends reflect weaker cyclical conditions, with container imports most impacted. 

Port of Tauranga - FY23 — Pricing to the Rescue

<ul><li>Recent third party cargo volume data for Port of Tauranga (POT) is supportive to FY23 earnings growth but highlights some mix shifts over the past six months.</li><li>Log export growth has returned as a result of Cyclone Gabrielle forcing the harvesting of storm damaged trees in Central North Island forests.</li><li>In contrast, import container volumes have softened due to a more competitive Ports of Auckland (POAL) and a weakening consumer backdrop with likely de-stocking across the New Zealand supply chain.  </li></ul>

Recent third party cargo volume data for Port of Tauranga (POT) is supportive to FY23 earnings growth but highlights some mix shifts over the past six months.Log export growth has returned as a result of Cyclone Gabrielle forcing the harvesting of storm damaged trees in Central North Island forests.In contrast, import container volumes have softened due to a more competitive Ports of Auckland (POAL) and a weakening consumer backdrop with likely de-stocking across the New Zealand supply chain.  

Port of Tauranga - Logging Up Fewer Containers

New Zealand

Port of Tauranga Limited activities include the provision of wharf facilities, back up land for the storage and transit of import and export cargo, berthage, cranes, tug and pilotage services for exporters, importers and shipping companies and the leasing of land and buildings.  The Group also operates a container terminal and has bulk cargo marshalling operations.

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Port of Tauranga (POT NZ)

Asia Real Estate Tracker (08-May-2025): Creating a Win-Win for Investors and Occupiers

Scape secures $3.8B commitment from CBRE IM for student housing fund, while Greystar, Warburg, Local, and Kio share Australian living insights in...

Asia Real Estate Tracker

Asia Real Estate Tracker (07-May-2025): Mt. Maunganui Cold Storage for Sale

Frasers REIT to sell Melbourne office tower for $129M, hospitality strategies discussed at Singapore Forum, Jason Leong new head of Asia Fund,...

Asia Real Estate Tracker

Port of Tauranga - Weighed Down by Containers

The soft guidance follows a tough first quarter, with total trade down -9% against a weak first quarter in FY23 when total trade was down -7%.

Forsyth Barr

Port of Tauranga - FY23 — Pricing to the Rescue

Port of Tauranga's (POT) FY23 result highlighted deteriorating cago volumes and intense cost pressures but strong pricing gains.

Forsyth Barr

Port of Tauranga - Logging Up Fewer Containers

Recent third party cargo volume data for Port of Tauranga (POT) is supportive to FY23 earnings growth but highlights some mix shifts over the past...

Forsyth Barr

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