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>Property for Industry (PFI) reported a solid FY23 result which was ahead of our expectations but primarily driven by lower tax and tenant incentives.</li><li>Portfolio fundamentals remain solid with no vacancy, 5.1 year WALT, and 16% under renting.</li><li>Guidance for the six months to 30 June 2024 was provided at 4.15cps, which is flat on FY23 on an annualised basis of 8.30cps. </li></ul>

Property for Industry (PFI) reported a solid FY23 result which was ahead of our expectations but primarily driven by lower tax and tenant incentives.Portfolio fundamentals remain solid with no vacancy, 5.1 year WALT, and 16% under renting.Guidance for the six months to 30 June 2024 was provided at 4.15cps, which is flat on FY23 on an annualised basis of 8.30cps. 

Property For Industry - FY23 Result — Steady