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

Govt to ‘flood’ cities with more housing by liberalising planning rules
Property

Govt to ‘flood’ cities with more housing by liberalising planning rules

Housing Minister Chris Bishop will on Thursday unveil the Government’s plan to “flood the market’ with land for development in a bid to end New Zealand’s housing crisis.Bishop will use a speech to the Real Estate Institute of New Zealand today to announce a slew of changes to NZ’...

Staff reporters 04 Jul 2024
Anglicans get permission to demolish Parnell lodge
Property

Anglicans get permission to demolish Parnell lodge

The property is across the road from one of the most luxurious developments in NZ.

Oliver Lewis 04 Jul 2024
Property operator will negotiate with Italian restaurateur
Property

Property operator will negotiate with Italian restaurateur

Stride's CEO says the landlord won't be silly over a lease dispute with Portofino.

Maria Slade 03 Jul 2024
Death of Fiji plot accused leaves Karaka subdivision up in the air
Property

Death of Fiji plot accused leaves Karaka subdivision up in the air

Records for the project company are nowhere to be found after Ballu Khan's passing.

Maria Slade 03 Jul 2024