Lol at this sea of red performance today of NZ listed property names, despite the very good news on the 2024 interest rate environment.
Attachment 14891
Printable View
Lol at this sea of red performance today of NZ listed property names, despite the very good news on the 2024 interest rate environment.
Attachment 14891
probably the GDP data put a dampener on the sector
Today was much more reflective of the new environment of expected rate drops:
Not only will future interest costs for these companies look better, but more immediately the dividends start looking much better to those looking for good returns when fixed interest rates start dropping.
Attachment 14893
USA REITS having a stunning rebound lately, well off the lows. here is the biggest by funds under management:
Attachment 14896
Maybe of interest
From Madison … Big debt bills forcing property developers to sell assets
https://www.youtube.com/embed/RViSLH1U_UE
Todays Herald
https://www.nzherald.co.nz/business/...D7KYVTEHKJ2UM/
Hi all. The latest column published on my Substack, Just the Business, this morning looks at the proposal to internalise Goodman Property Trust's management contract. The headline is: Goodman proposal is a $500m “vote of confidence in NZ”
And you can find it here:
https://justthebusinessjennyruth.sub...a-500m-vote-of