I think when/if dividend confirmed to be paid in December price will firm. I do hold.
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Recent announcement.....KPG will resume paying the dividend
The lockdown is over....unless there is another lockdown like Melbourne.
Plus....KPG raised fund in oct 2019....gearing at 32persen.
Only malls portfolio affected by lockdown. Vero, government accommodation, other government offices are all sweet as.
Just my two cents... I am not sure Vero is "sweet as" at all, nor is any other CBD office tower where a significant number of people are still working from home and a significant if not all firms are reconsidering how much space they need
And by reconsidering, I mean downsizing.
https://www.nzherald.co.nz/business/...ectid=12350116
Paywall article
Industrial properties - that’s where the smart money is going according to Goodman & they are putting their money where their view is.
CBD & smaller shopping mall properties could be in for a irreversible decline as work environment changes.
Observation - was in Auckland’s CBD for a meeting last week at a 23 storey refurbished building which is 75% empty & begging for tenants. The company I was visiting is moving out of their temporary floor in Oct when their new premises in Commercial Bay are ready.
Probably so. But I'd take Goodman's comment in the knowledge that industrial property is their business and where they have always put their money, not retail or office properties.Quote:
Industrial properties - that’s where the smart money is going according to Goodman & they are putting their money where their view is.
Disc; Holding GPT but not KPT.