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58 resultsfor "Property"

Companies

PFI · Property / Industrial property · 10 briefings

Property for Industry

Revenue grew an unprecedented 20.2% but operating cash flow rose 2.7%

ARG · Property / Property investment · 6 briefings

Argosy Property

Pre-lease FCF turned to -NZ$2.9m as capex outran operating cash

KPG · Property / Property investment · 11 briefings

Kiwi Property Group

PBT fell 17.0% while FCF swung to NZ$25.5m on a 45% capex cut

GNZ · Property / Property trust · 5 briefings

Goodman Property Trust

Gross borrowings fell 53% as PBT rose 17.1% on issuer transition

GMT · Property / Property trust · 1 briefing

Goodman Property Trust

Borrowings cut 76% via Highbrook Fund deal as PBT grew 17.1%

APL · Property / Property investment · 9 briefings

Asset Plus

FFO swung to $3.2m profit but NTA fell 5.2% as capex drained cash

PCT · Property / Property investment · 7 briefings

Precinct Properties

Precinct Investment Partnership acquisition puts Precinct Properties' debt headroom in focus

CDI · Property / Residential development · 9 briefings

CDL Investments New Zealand

PBT fell 42.5% as margin reset to an unprecedented 40.4%

WIN · Property / Residential development · 5 briefings

Winton Land

Settlements collapsed to 14 units, swinging operating cash $37m negative

NZL · Property / Rural land · 1 briefing

New Zealand Rural Land Company

NZL deploys cash shell: $61.5m capex funded by $88.5m of new debt

Briefings

PFI · HY26

Revenue grew an unprecedented 20.2% but operating cash flow rose 2.7%

Reported PBT up 78.5% includes $17.1m of property fair value gains, while pre-lease free cash flow turned negative as capex outpaced operating cash.

PFI · FY25

FY25 growth inflated by 6-month base and fair value gains

Reported revenue of NZ$127.5m and NPAT of NZ$106.0m compare to a six-month transition period; the durable read is NTA up 4.8% to NZ$2.84.

PFI · HY25

PFI HY25: PBT up 20.4% but interim dividend cut 9.1%

A tax-rate flip lifts headline NPAT to +35.8% while operating cash flow stays flat and net debt rises NZ$20m to fund the development pipeline.

PFI · HY24

Pre-lease FCF hit unprecedented -$26.2m as capex tripled to $54.0m

Headline NPAT swung +169.4% on a smaller fair-value loss, but operating profit was flat and rising debt funded the development spend.

PFI · FY23

FCF swung to NZ$30.0m outflow as capex tripled to NZ$77.0m

Insights

Insight

NZX property comparison

Property companies and trusts compared on asset scale, net debt, debt-to-assets, ROE, and payout pressure.

Find a company, briefing, or insight.

Companies

Property for Industry

Argosy Property

Kiwi Property Group

Goodman Property Trust

Goodman Property Trust

Asset Plus

Precinct Properties

CDL Investments New Zealand

Winton Land

New Zealand Rural Land Company

Briefings

Revenue grew an unprecedented 20.2% but operating cash flow rose 2.7%

FY25 growth inflated by 6-month base and fair value gains

PFI HY25: PBT up 20.4% but interim dividend cut 9.1%

Pre-lease FCF hit unprecedented -$26.2m as capex tripled to $54.0m

FCF swung to NZ$30.0m outflow as capex tripled to NZ$77.0m

Insights

NZX property comparison

PFI swings to NZ$30.5m loss; equity falls 7.4% on revaluation hit

Fair-value reversal drives $13.9m loss; cash earnings hold at $52.1m

NPAT down 91.3% as prior fair-value gains lapse; rental result stable

Fair value gains of $392.5m drove FY21; FFO rose 14.4%

NPAT up 1653% on $248.2m revaluation; underlying FFO up just 12.1%

Property revaluations push NPAT to -$19.8m while operating profit grew 6.4%

Property revaluations drive $163m loss despite 5.9% operating earnings lift

Pre-lease FCF turned to -NZ$2.9m as capex outran operating cash

PBT fell 17.0% while FCF swung to NZ$25.5m on a 45% capex cut

NTA per share fell 4.3% to $1.12 even as operating profit rose 11.5%

Borrowings cut 76% via Highbrook Fund deal as PBT grew 17.1%

Gross borrowings fell 53% as PBT rose 17.1% on issuer transition

GMT swings from $564.9m loss to $109.6m profit on valuation reversal

NPAT swung to $57.0m but operating cash fell 19%

Operating profit fell 25.2% as pre-lease FCF dropped to -$27.3m

HY25 interim NPAT $33.0m as revaluation turns positive; NTA edges to $1.46

GMT operating earnings up 10.6% as valuation drag reverses to $45.5m profit

Rental revenue up 14.2% but revaluations widened the loss to $564.9m

Working capital absorbed NZ$72.0m, driving pre-lease FCF to NZ$-72.7m

Loss narrowed 75.8% but pre-lease FCF dropped to -$40.0m

NPAT swung NZ$451.9m to a loss while rents grew 5.7%

NPAT swung to NZ$151.1m loss and dividend halved as OCF grew 5.3%

HY23 interim result framed against FY22 full year distorts every comparison

PBT up 17.2% but operating profit up just 7.3% as valuation gains dominate

Argosy HY22 NPAT fell 47.5% as revaluation tailwind normalised

KPG: revenue fell 47.8% as the prior period captured a full year

NPAT more than doubled to $241.7m on portfolio revaluations

Debtor days hit 36 days — nearly triple the historical norm of 13.7 days

PBT fell 32.2% on smaller revaluation gains; underlying profit up 13%

Operating cash flow fell 44% as gross borrowings climbed to $1.0bn

PBT fell 44.6% as tax normalisation flattered NPAT to +33.3%

Refurbishment capex of NZ$44.0m drove pre-lease FCF to -NZ$39.6m

PBT down 27.1% as property cooldown overwhelms hotel revenue surge

NTA fell to $1.25 from $1.35 even as FFO rose 7.4%

HY25 $2.3m profit driven by $2.3m unrealised property revaluation

Operating cash fell 32.6% even as revenue grew 13.3%

Cash dropped 76% to NZ$10.7m as PBT rose 31.4%

Revaluation losses drove a $153m NPAT loss while cash earnings rose 34%

NZ$22.7m unprecedented working-capital build absorbed nearly all cash flow

H2 EBITDA collapsed to $2.9m as net debt tripled to $100.1m

Reported NPAT jumped 63.8% but underlying profit grew only 13.6%

PBT up 57.4% on CDL and property sales while hotels yielded $33k