New Zealand Professional Investment Services Firm

Forsyth Barr

We are proud to be a New Zealand owned firm, with 21 offices throughout the country and over 300 employees. We assist personal, institutional and corporate clients providing a full range of investment services.

Forsyth Barr is a foundation New Zealand Exchange firm (NZX) and accredited market participant. We have been confirmed by the Financial Markets Authority as a Qualifying Financial Entity (QFE).

Research is the cornerstone of our advice. We have one of New Zealand's leading teams of analysts. Our global affiliations ensure comprehensive research coverage of all major investment markets.

New Zealand Professional Investment Services Firm, Forsyth Barr

Equity Bottom-Up

<ul><li>Asset Plus (APL) reported a slight loss for 1H24; but it is largely irrelevant, with the market's focus on the sell down of the final assets in the vehicle and a potential capital return.</li><li>Munroe Lane, APL's last asset not contracted for sale, is now complete but leasing of the 36% vacant space remains challenging.</li><li>With the settlement of Graham St now in November 2024, APL has some time on its side to lease up Munroe Lane to maximise its value on sale. </li></ul>

Asset Plus (APL) reported a slight loss for 1H24; but it is largely irrelevant, with the market's focus on the sell down of the final assets in the vehicle and a potential capital return.Munroe Lane, APL's last asset not contracted for sale, is now complete but leasing of the 36% vacant space remains challenging.With the settlement of Graham St now in November 2024, APL has some time on its side to lease up Munroe Lane to maximise its value on sale. 

Asset Plus - 1H24 Result — Leasing Up to Sell Down