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

Thematic (Sector/Industry)

New zealand Real estate / Thematic (Sector/Industry)

<ul><li>The listed property vehicle (LPV) sector has had a difficult first five months of the year, materially underperforming the broader market.</li><li>Sticky inflation and higher-for-longer interest rates, index removals, being guided to lower distributions, and weakening tenant demand backdrop have all been weighing on sector performance.</li><li>A silver lining is that sector valuations are looking more fair than they have done for some time, with a simple average gross yield spread to long bond rates closing in on its five-year average. </li></ul>

The listed property vehicle (LPV) sector has had a difficult first five months of the year, materially underperforming the broader market.Sticky inflation and higher-for-longer interest rates, index removals, being guided to lower distributions, and weakening tenant demand backdrop have all been weighing on sector performance.A silver lining is that sector valuations are looking more fair than they have done for some time, with a simple average gross yield spread to long bond rates closing in on its five-year average. 

Real Estate Reflections - Looking for a Silver Lining