Listed Property Trusts

[LaserEyeKiwi]

Some big reductions in 10-yrs this week/month, really a swift change in sentiment.

US 10 yr dropped from 3.2% to 2.65% during the month.

NZ 10 yr dropped from a peak of 4.28% last month down to 3.39% today.

Rather dramatic, and may be an unexpected support for property stocks and their underlying asset valuations.

wouldn’t surprise me if we have seen the peak of fixed Mortgage & term deposit rates already.

[Grimy]

Yes the yields on a few bonds I've had on watchlist have dropped a bit in the past couple of weeks. Glad to have secured a few at decent rates about a month or so back.

[LaserEyeKiwi]

Weekly update:

563D5CF3-6E71-4B9C-94AC-92BE9C617889.jpg

Some big upward movements there - surprising to see GMT now with a yield of under 2.9% with Term deposits at 4%, punters must really be betting on some growth there despite the headwinds.

[winner69]

Those discounts to NTA May be justified

Valuers saying they are finding it hard to guess what things are worth




Valuation losses likely as commercial property enters new cycle

https://www.nbr.co.nz/property/valua...ers-new-cycle/

Prob paywalled

[fungus pudding]

Those discounts to NTA May be justified

Valuers saying they are finding it hard to guess what things are worth




Valuation losses likely as commercial property enters new cycle

https://www.nbr.co.nz/property/valua...ers-new-cycle/

Prob paywalled

Not paywalled on other sites.

https://thethreadtimes.com/valuation...ters-new-cycle

[NZSilver]

Not paywalled on other sites.

https://thethreadtimes.com/valuation...ters-new-cycle

Thank you FP

[winner69]

Vital report a solid result

Unlike many in sector shareholders get a pay rise this year ….keeping un with inflation

http://nzx-prod-s7fsd7f98s.s3-websit...763/376299.pdf

[LaserEyeKiwi]

Weekly Update:

(VHP results - increase in NTA, and gearing fell to 30%)

Average gearing of our basket of property stock is now just 29%.

B6E84082-C1F6-4E9C-84AB-1095BEB8B11B.jpg

[LaserEyeKiwi]

Weekly Update:

Positive NTA revaluations this earnings cycle highlighted with a green background (see VHP & PCT so far), any negative ones will be in red if they happen.

91B3A27D-C0E9-4C58-A47C-75829FBF95AB.jpg

[LaserEyeKiwi]

Crikey what happened at the close today? Most of the listed property stocks had a bit of a dive.