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The Auckland malls might be going well but hamilton-Kiri what ever , are not packed. Still centre place not packed.
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The warehouse had a trading update today reporting that year on year sales are up dramatically since lockdown ended across there various store brands - good news for entire retail industry, including KPG.
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Junior Member
They also said that the surge in sales was due to pent up demand and they expected a significant decay later this year.
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 Originally Posted by Mya
They also said that the surge in sales was due to pent up demand and they expected a significant decay later this year.
What foresight !
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Kpg has solid assests.......total 3b assests......gearing 32 persen... latest update will pay dividend at 90 to 100 payout .....at current price. ....I think it is attractive
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Originally Posted by King1212
Kpg has solid assests.......total 3b assests......gearing 32 persen... latest update will pay dividend at 90 to 100 payout .....at current price. ....I think it is attractive
Yes, provided those assets continue to attract tenants who can continue to pay current rents.
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Kiwi Property maintained its solid balance sheet in FY20, including the
extension of $361 million of bank debt facilities in March 2020. This builds
on the successful equity raise undertaken by the Company in November 2019,
which delivered net proceeds of $193.7 million. Kiwi Property has no bank
debt maturing until FY23, $291 million in undrawn credit facilities and
gearing of 32%, as at 31 March 2020.
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Excellent news for retail sector (Including KPG, New Zealand’s largest listed retail property owner) in Latest Stats NZ update:
BIG year on year retail spending increase for June:
”Furniture, hardware, appliances, and recreational goods (durables) experienced the largest rise, up $310 million (24 percent) compared with June 2019.”
https://www.stats.govt.nz/news/retai...rgence-in-june
Overall spending was up 8%, $5.7 Billion in June 2020 vs $5.28 Billion in June 2019.
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KPG is a keeper..they passed their crisis time...now the power companies are in doubt whether they could maintain their dividend or reduce..
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Big crossing came through..maybe from overpriced power companies...ehh??
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