bullish
Real Estate Reflections: Cap Rates Creep Higher
March was a mixed month for the property sector where interest rates are typically a key driver of LPV sector performance, but despite a -40bp fall in long bond yields in March the property sector fell -1%; Ahead of FY23 results, which will be reported in May, four property companies released 2H23 revaluations which saw asset values continue to decline and gearing increase.
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Forsyth Barr
New Zealand Professional Investment Services Firm
- Real Estate Reflections: Cap Rates Creep Higher17 Apr 2023
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