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>Kiwi Property Group (KPG) reported a flat 1H25 result.</li><li>The key positives were continued top-line rental growth and larger-than-expected operating cost reductions.</li><li>Build-to-rent lease-up was better than expected, but rents remain below feasibility, and yield on cost has declined as a result. </li></ul>

Kiwi Property Group (KPG) reported a flat 1H25 result.The key positives were continued top-line rental growth and larger-than-expected operating cost reductions.Build-to-rent lease-up was better than expected, but rents remain below feasibility, and yield on cost has declined as a result. 

Kiwi Property Group - 1H25 — Planning the Flight Path