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>As expected higher interest costs, asset sales, and brownfield developments starts weighed on Property for Industry's (PFI) 1H23 result.</li>
<li>Industrial market rent growth remains robust and PFI believes its portfolio is now 16% underrented.</li>
<li>There was no change to FY23 DPS guidance of 8.1–8.3cps but this is now based on a higher interest cost assumption. </li>
</ul>


As expected higher interest costs, asset sales, and brownfield developments starts weighed on Property for Industry's (PFI) 1H23 result.
Industrial market rent growth remains robust and PFI believes its portfolio is now 16% underrented.
There was no change to FY23 DPS guidance of 8.1–8.3cps but this is now based on a higher interest cost assumption. 


Property For Industry - H23 Result Industrious Start to the Year