How are these 5 NZX REIT stocks faring as 2021 is set to end?

Be the First to Comment Read

How are these 5 NZX REIT stocks faring as 2021 is set to end?

 How are these 5 NZX REIT stocks faring as 2021 is set to end?
Image source: Viewfoto studio,Shutterstock

 

Highlights

  • Stats NZ data revealed that NZ households were likely to grow on an average of 0.9% annually over the next 25 years.
  • IKEA and Kiwi Property have signed a provisional agreement for the sale of property in Sylvia Park.
  • Argosy announced that the strike price for the dividend reinvestment plan would be $1.518 per share.

The latest statistics from Stats NZ revealed that the number of households in NZ was likely to grow by 0.9% a year on average over the next 25 years.

Changes in the household composition, older population composition and increasing population are some of the factors behind increased household numbers.

5 NZX REITs and their details

Image source: © 2021 Kalkine Media®, Data source- Refinitiv

Here’s a look at 5 NZX REIT stocks’ performance ahead of 2022.

Kiwi Property Group Limited (NZX:KPG)

IKEA and Kiwi Property have signed a provisional agreement for the sale of property in Sylvia Park. IKEA will be assisted by KPG in locating the ideal site for its future shops and consumer meeting spots, according to reports.

On 16 December, at the time of writing, KPG was trading flat at $1.175.

 

Precinct Properties New Zealand Limited (NZX:PCT)

Precinct’s business showed significant strength over the last 18+ months. While PCT’s AFFO has been affected by COVID-19-induced lockdowns, it plans to pay a dividend of 6.7cps for FY22.

RELATED READ: 5 NZX REIT stocks that can be explored amid Fitch update

On 16 December, at the time of writing, PCT was trading at $1.61, down 1.23%.

Property for Industry Limited (NZX:PFI)

Property for Industry announced the dispossession of the Company’s Wellington property. Bayleys had promoted the property that had been unconditionally sold for a sales price of $10 million.

RELATED READ: Which are top 5 NZX REIT stocks of 2021?

On 16 December, at the time of writing, PFI was trading at $3.015, down 0.66%.

Argosy Property Limited (NZX:ARG)

Argosy announced that the strike price for the dividend reinvestment plan would be $1.518 per share. The Group plans to pay a cash dividend of 1.6375cps for FY22 on 22 December 2021.

On 16 December, at the time of writing, ARG was trading at $1.58, down 0.63%.

Vital Healthcare Property Trust (NZX:VHP)

NorthWest Healthcare Properties Management Limited, Vital's manager, reported on Thursday that the strike price for its dividend reinvestment plan for the first quarter of FY22 was $2.846240. The price is in place for distribution on 16 December.

ALSO READ: How are 4 NZX penny stocks faring ahead of 2022?

On 16 December, at the time of writing, VHP was trading at $3.13, down 0.16%.

Bottom Line

NZ household numbers are expected to increase to roughly 2.3 million by 2043.

(NOTE: Currency is reported in NZ Dollar unless stated otherwise)

Disclaimer

Speak your Mind

Featured Articles

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK