Property Stocks

[Waltzing]

Some PCT new they are building more apartments.. investors here probably already following it as with KPG.. the Word Recovery is mentioned..

NZH..

announcing somewhere 1B in new investment...? thats a lot cant be right..

https://www.nzherald.co.nz/property/billion-dollar-apartment-builder-precinct-properties-launches-new-100-scheme/XM57ED5R2VD6XGYLR56IQOZKN4/

[Waltzing]

ARG 1.21... who ever back up the truck in the 1.00 is now sitting nicely...

[Otago K]

APL to throw another one I have taken an increased stake into the last 6 months, they have a no debt period until the Munro Lane (?) property is sold and the then NTA value is returned. Sufficient cash flow at present for a small income stream of quarterly dividends to assist the time value costs of holding APL. They had recently increased the next year occupancy but didn't disclose a budget on the refurbishment costs they might face, do wonder if substantial work involved it will chew into the annual rental negotiated more than a little.

[Waltzing]

Volume and support of GMT is a surprise since the DIV announcement... shows people are buy commercial property as a proxy for GOLD? Move from 1.90's back to 2.06... ARG massive move from high.90 to touch 1.21 could also be seen a Gold Proxies with a DIV.. in other words Bricks , steel and Land...

[Basil]

REIT's are a yield thing and bricks and mortar plain and simple.  Most being PIE's allows people on higher tax rates to have their distributions capped at 28% tax.  That matters a lot for Trusts and people facing the 39% tax rate and also makes a meaningful difference for the huge numbers of people taxed at a marginal tax rate of 33%.  KPG and ARG both go ex their quarterly Sept dividends shortly, (KPG on 4 Sept and ARG on the 9th), and that is part of the reason behind the share price rise lately but interest rates declining and the RBNZ set to cut more next month and possibly again as early as late November are making the yield from REIT's even more attractive as well as in some cases lowering the companies funding costs.
Disc I hold a significant number of ARG and KPG

[Basil]

Breakout on ARG today on significant volume of nearly 2m shares.  Chart looks very pretty. Still a substantial gap between the current share price of $1.225 and NTA of $1.53.   The trend is your friend for holders.

[Waltzing]

GOLD in there them bricks, steel , fancy smart buildings... GOLD....and they havnt got enough of them in the golden triangle...

[Waltzing]

Big orders coming in for ARG... one for nearly 500,000 at 1.22  good buying support depth.. is this the market moving from TD to yield? Is there a panic in some circles that bank deposits are going to attract no yield? Looks like some investors think they are cheap on a long term basis... surely they are kicking themselves they did not get in when it was in the low 1's....

GMT moved 13 cents on tiny yield in the past few weeks....

[Waltzing]

ARG 1.24  GTM 2.15...

Another 12 months when more TD comes off higher yields?

 https://www.interest.co.nz/saving/term-deposits-1-to-5-years

 safe though?  or is land and bricks actually safer... of course it is... in fact TD's should have a risk associated with them...

[Waltzing]

GMT 2.18!!!  gosh do they actually think that real buildings are going to be a hedge against global conflicts or
something... it rocketed back up...

2.19...

2.20 and above?

[BlackPeter]

GMT 2.18!!!  gosh do they actually think that real buildings are going to be a hedge against global conflicts or
something... it rocketed back up...

2.19...

2.20 and above?

Actually - NZ properties well might be a hedge. Just look at how Swiss property values developed since say - 1930 ies.

I guess even the Trumpistas buy themselves NZ passports and properties, and many will think that a house here might be a good option in case whatever they do on the other side of the world fails.

But hey, maybe its just the idea of interest rates going down ..

[Basil]

ARG trade ex div tomorrow.

[seaweed]

ARG trade ex div tomorrow.

Yes and can't see sp dropping much on ex div. there is about 1.3 million between $1.20 and $1.22

[Waltzing]

yes ARG has powered back up to where it reach on the first rate cuts... amazing the depth there now.. cant buy gold..well they are buying buildings instead.. smart and smarter ones... pity the future under the next government looks like governments deficits for ever... slow to no growth economy with the only growth being ever growing government.. and other bodies... dont expect these SP to rise fast...

[Basil]

Multi year high for KPG at $1.06 !