Jarden upgrades Investore rating

Investore has purchased the country's largest Bunnings store, Bunnings Westgate. (Image: Supplied)

Tue, 19 Nov 2024

Investment house Jarden has upgraded its rating for large-format retail landlord Investore Property, following a no-surprises half-year result from the New Zealand Exchange-listed firm.Investore Property’s (IPL) $1 billion portfolio of 45 properties includes standalone supermarkets and hardware stores, small centres anchored by supermarkets, and large-format retail centres.Jarden analysts Vishal Bhula and Arie Dekker said their 12-month target price for the stock remained unchanged at $1.26. They had reviewed their rating upwards from neu...

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