Kiwi's retail and Goodman's industrial properties diverge

Kiwi's retail and Goodman's industrial properties diverge
Jenny Ruth
Listed property stocks tend to track in much the same direction but the covid-19 crisis has opened up a yawning chasm between Kiwi Property Group shares and Goodman Property Trust units, respectively the best and worst performers in the sector on the NZX. Forsyth Barr analyst Rohan Koreman-Smit said the divergence between the two securities "is probably the widest it's ever been." Some of that gap is because Kiwi's gearing, 32 percent at March 31, is higher than Goodman's, which was 18.9 percent at the same date. But mostly it comes do...

More Property

Officials move on Richard Yan’s castle
Property

Officials move on Richard Yan’s castle

Richard Yan's extensive heritage property is being sold following his bankruptcy.

Tom Raynel 26 Jul 2024
Action against Hawkins directors stalled
Property

Action against Hawkins directors stalled

Proceedings by the failed group's liquidators relate to a leaky building claim.

Maria Slade 24 Jul 2024
Arvida buyout lifts retirement sector
Property

Arvida buyout lifts retirement sector

On Tuesday, Arvida traded volumes of $127 million. Its competitors followed suit.

Gregor Thompson 24 Jul 2024
The change of heart behind Arvida’s US private equity buyout
Property

The change of heart behind Arvida’s US private equity buyout

The company’s share price rose 55% after the announcement.

Gregor Thompson 23 Jul 2024