Kiwi Property (NZX: KPG) is one of the largest listed property companies on the New Zealand Stock Exchange and is a member of the S&P/NZX 20 Index.
Average dividend payer with moderate growth potential.
Share Price & News
How has Kiwi Property Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: KWIP.F's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: KWIP.F underperformed the US REITs industry which returned -14.8% over the past year.
Return vs Market: KWIP.F underperformed the US Market which returned 4.1% over the past year.
Price Volatility Vs. Market
How volatile is Kiwi Property Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Kiwi Property Group undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate KWIP.F's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate KWIP.F's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: KWIP.F is unprofitable, so we can't compare its PE Ratio to the REITs industry average.
PE vs Market: KWIP.F is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate KWIP.F's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: KWIP.F is good value based on its PB Ratio (0.8x) compared to the US REITs industry average (1.3x).
How is Kiwi Property Group forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: KWIP.F is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.2%).
Earnings vs Market: KWIP.F is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: KWIP.F's is expected to become profitable in the next 3 years.
Revenue vs Market: KWIP.F's revenue is expected to decline over the next 3 years (-8.7% per year).
High Growth Revenue: KWIP.F's revenue is forecast to decline over the next 3 years (-8.7% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: KWIP.F's Return on Equity is forecast to be low in 3 years time (5.1%).
How has Kiwi Property Group performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: KWIP.F is currently unprofitable.
Growing Profit Margin: KWIP.F is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: KWIP.F is unprofitable, and losses have increased over the past 5 years at a rate of -24.2% per year.
Accelerating Growth: Unable to compare KWIP.F's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: KWIP.F is unprofitable, making it difficult to compare its past year earnings growth to the REITs industry (5.3%).
Return on Equity
High ROE: KWIP.F has a negative Return on Equity (-9.47%), as it is currently unprofitable.
How is Kiwi Property Group's financial position?
Financial Position Analysis
Short Term Liabilities: KWIP.F's short term assets (NZ$33.2M) do not cover its short term liabilities (NZ$56.4M).
Long Term Liabilities: KWIP.F's short term assets (NZ$33.2M) do not cover its long term liabilities (NZ$1.1B).
Debt to Equity History and Analysis
Debt Level: KWIP.F's debt to equity ratio (51.2%) is considered high.
Reducing Debt: KWIP.F's debt to equity ratio has reduced from 56.6% to 51.2% over the past 5 years.
Debt Coverage: KWIP.F's debt is not well covered by operating cash flow (10.6%).
Interest Coverage: KWIP.F is unprofitable, therefore interest payments are not well covered by earnings.
What is Kiwi Property Group's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: KWIP.F's dividend (7.16%) is higher than the bottom 25% of dividend payers in the US market (1.75%).
High Dividend: KWIP.F's dividend (7.16%) is in the top 25% of dividend payers in the US market (4.73%)
Stability and Growth of Payments
Stable Dividend: KWIP.F's dividends per share have been stable in the past 10 years.
Growing Dividend: KWIP.F's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: KWIP.F is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: KWIP.F's dividends in 3 years are forecast to be covered by earnings (87.4% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Clive Mackenzie serves as Chief Executive Officer of Kiwi Property Group Limited since July 16, 2018. He has extensive experience in retail and mixed-use property development in New Zealand and the Uni ...
|Chief Executive Officer||1.83yrs||no data||no data|
|Chief Financial Officer||6.33yrs||no data||0.0079% NZ$74.5k|
|Investor Relations & Communications Manager||no data||no data||no data|
|General Counsel & Company Secretary||6.83yrs||no data||0.0045% NZ$42.2k|
|General Manager of People & Communications||0.83yr||no data||0.0063% NZ$59.9k|
|General Manager of Development||3.75yrs||no data||0.0050% NZ$47.4k|
Experienced Management: KWIP.F's management team is considered experienced (3.8 years average tenure).
|Independent Director||5.75yrs||NZ$111.91k||no data|
|Independent Chairman of the Board||8.75yrs||NZ$165.00k||no data|
|Independent Director||27.83yrs||NZ$100.13k||no data|
|Non-Executive Director||2.58yrs||NZ$102.00k||0.0032% NZ$30.1k|
|Independent Director||10.33yrs||NZ$110.13k||0.013% NZ$120.2k|
|Independent Non-Executive Director||0.50yr||no data||no data|
|Independent Director||5.67yrs||NZ$112.00k||no data|
Experienced Board: KWIP.F's board of directors are considered experienced (5.8 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 9.5%.
Kiwi Property Group Limited's company bio, employee growth, exchange listings and data sources
- Name: Kiwi Property Group Limited
- Ticker: KWIP.F
- Exchange: OTCPK
- Founded: 1992
- Industry: Retail REITs
- Sector: Real Estate
- Market Cap: NZ$1.546b
- Listing Market Cap: NZ$942.754m
- Shares outstanding: 1.57b
- Website: https://www.kp.co.nz
Number of Employees
- Kiwi Property Group Limited
- Level 7, Vero Centre
- 48 Shortland Street
- New Zealand
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|KWIP.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||Jun 1994|
|KPG||NZSE (New Zealand Stock Exchange)||Yes||Ordinary Shares||NZ||NZD||Jun 1994|
Kiwi Property (NZX: KPG) is one of the largest listed property companies on the New Zealand Stock Exchange and is a member of the S&P/NZX 20 Index. We’ve been around for over 25 years and we proudly own and manage a significant portfolio of real estate assets, comprising some of New Zealand’s best mixed-use, retail and office buildings. Our objective is to provide investors with a reliable investment in New Zealand property through the ownership and active management of a diversified, high-quality portfolio. S&P Global Ratings has assigned Kiwi Property a corporate credit rating of BBB (stable) and an issue credit rating of BBB+ for each of its fixed rate senior secured bonds. Kiwi Property is the highest rated New Zealand company within CDP (Carbon Disclosure Project) and is a member of FTSE4 Good, a series of benchmarks and tradeable indices for ESG (Environmental, Social and Governance) investors. Kiwi Property is licensed under the Real Estate Agents Act 2008.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/05/26 21:57|
|End of Day Share Price||2020/05/26 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.