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Kiwi Property released its annual results for the year ended 31 March 2024 (FY24) today, announcing a solid underlying operational performance and progress on key aspects of its mixed-use strategy
The Nasdaq Composite closed at a record high on Friday, with the index leaping 1.1% to 16,920. The S&P500 added 0.7%, and the Dow was flat. Nvidia hit a new record high, rising nearly 3% to a market cap of US$2.62 trillion. Nvidia rose 15% last week o
Large property investor Kiwi Property has reduced its full-year loss as the value of its investment portfolio fell at a slower pace, while rental income fell following the sale of two shopping centres.
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Vero Centre, a flagship office asset in the company's portfolio, is being sold at a discount of 1.9% to its last year's September valuation, but at a property-level return of 11% from inception, Kiwi Property said in an exchange filing.