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>We have updated our tracker of homes for sale on Fletcher Building’s (FBU) Fletcher Living website.</li><li>Home sales are a key swing factor in FBU’s FY23E EBIT guidance of NZ$800-855m</li><li>The top end of the range is based on 800 settlements and residential division EBIT of NZ$185m (NZ$136m 2H23 EBIT).</li></ul>

We have updated our tracker of homes for sale on Fletcher Building’s (FBU) Fletcher Living website.Home sales are a key swing factor in FBU’s FY23E EBIT guidance of NZ$800-855mThe top end of the range is based on 800 settlements and residential division EBIT of NZ$185m (NZ$136m 2H23 EBIT).

Fletcher Building (FBU): Fletcher Living Website Tracker - May Update