Discounted Kiwi shares offer a healthy yield

Shoppers are flocking back to physical stores at Sylvia Park and elsewhere. (Image: Kiwi Property)

Tue, 29 Nov 2022

Should a company with a solid asset base, steadily improving underlying earnings and a track record of improving dividends have a dividend yield of more than 9%?And, given the improving underlying earnings, should valuers be slashing the value of its assets by more than $213 million between March and September this year?This is the conundrum presented by Kiwi Property; its net rental income was up 6.3% to a record $100m in the six months ended September compared with the same six months last year, while adjusted funds from operations were up 35...

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