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 small FY24 loss, however, the result itself is largely irrelevant, with the market's focus firmly on the sale of APL's final asset, Munroe Lane, and the potential for capital return.</li><li>Leasing at Munroe Lane continues to prove challenging and APL wishes to lease up before selling down the asset.</li><li>While APL is keeping its options open, we believe a capital return offers the best outcome for shareholders, with our range of potential net realisable value +40% to 74% above the current share price. </li></ul>

Asset Plus (APL) reported a small FY24 loss, however, the result itself is largely irrelevant, with the market's focus firmly on the sale of APL's final asset, Munroe Lane, and the potential for capital return.Leasing at Munroe Lane continues to prove challenging and APL wishes to lease up before selling down the asset.While APL is keeping its options open, we believe a capital return offers the best outcome for shareholders, with our range of potential net realisable value +40% to 74% above the current share price. 

Asset Plus - FY24 Result — Still in Its Lane