Kiwi Property's strategy to reduce share price discount

Kiwi Property chair Mark Ford says the company is accelerating its strategy. (Image: Supplied)

Mon, 12 Jul 2021

The discount Kiwi Property Group's shares are trading at should reverse as the company executes its strategy to focus on its large, mixed-use shopping centres, grow using third-party capital and divesting its regional shopping centres, chair Mark Ford told the annual shareholders' meeting.A shareholder had noted Kiwi shares are trading at a discount to net tangible asset (NTA) backing at a time when other property stocks are trading at premiums.Kiwi shares are currently trading unchanged at $1.185 compared with NTA at March 31 of $1.36,...

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