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>The portfolio value of Property for Industry (PFI) increased by approximately 3% in the second half of 2025, marking the first significant rise after nearly three years of declines.</li><li>Current developments are progressing ahead of schedule and are under budget, with expected double-digit IRRs at the asset level.</li><li>Tax changes are anticipated to boost AFFO in FY26, with the Investment Boost tax deductions expected to increase AFFO by +0.2cps.</li></ul>

The portfolio value of Property for Industry (PFI) increased by approximately 3% in the second half of 2025, marking the first significant rise after nearly three years of declines.Current developments are progressing ahead of schedule and are under budget, with expected double-digit IRRs at the asset level.Tax changes are anticipated to boost AFFO in FY26, with the Investment Boost tax deductions expected to increase AFFO by +0.2cps.

Property For Industry

Property For Industry Industrial Gains