New Zealand Professional Investment Services Firm

Forsyth Barr

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.

New Zealand Professional Investment Services Firm, Forsyth Barr

Equity Bottom-Up

<ul><li>Kiwi Property (KPG) have announced 2H23 draft revaluations for the six-months to 31 March 2023.</li><li>The preliminary result is a -NZ$135m devaluation which we understand largely relates to KPG’s investment property portfolio with properties held for sale, development land, and other properties broadly unchanged</li><li>KPG’s investment property portfolio with properties held for sale, development land, and other properties broadly unchanged</li></ul>

Kiwi Property (KPG) have announced 2H23 draft revaluations for the six-months to 31 March 2023.The preliminary result is a -NZ$135m devaluation which we understand largely relates to KPG’s investment property portfolio with properties held for sale, development land, and other properties broadly unchangedKPG’s investment property portfolio with properties held for sale, development land, and other properties broadly unchanged

Kiwi Property

Kiwi Property: 2H23 Revaluation Update