‘Hard to ignore’: Analysts eye upside in property sector as values stabilise

‘Hard to ignore’: Analysts eye upside in property sector as values stabilise
Goodman Group is trading at the lowest discount across the sector. (Image: Supplied)
Gregor Thompson
Signs that commercial property values are stabilising suggest share prices could rise toward book value, according to analysts. Of the five real estate investment trusts (REITs) that reported earnings in the last two weeks of May, Investore, Argosy, Kiwi, Goodman and Stride, none disclosed a drop in the fair value of their portfolios that was comparable to the previous year.Argosy, for example, reported a 3.6% rise in the book value of its property while Stride disclosed a net reduction of about $29 million across its portfolio, compared t...

More Property

Investore buys New Lynn Bunnings site for $43 million
Property

Investore buys New Lynn Bunnings site for $43 million

Investore Property has struck a deal to acquire the Bunnings complex in New Lynn, Auckland.The company told the market on Friday it had entered an unconditional agreement to acquire the property for $43 million.The 2.2-hectare site at 2–12 Titirangi Rd features an 11,000sq m buil...

Staff reporters 27 Jun 2025
Senior Trust offeror gets a serve from FMA
Property

Senior Trust offeror gets a serve from FMA

Senior Trust has been paying returns with new investor funds and borrowings.

Maria Slade 26 Jun 2025
Du Val build-to-rent properties sold, PwC says
Property

Du Val build-to-rent properties sold, PwC says

The 171 units in May Rd and McKenzie Rd were bought in 2021 for $35m.

Maria Slade 23 Jun 2025