Real Estate

1H26 showed resilient rents and stronger liquidity, with HCW’s ~50% NTA discount offering upside on HSO resolution.

We have initiated coverage on Abacus Storage King (ASK) with a price target of $1.70 and a Buy recommendation.

Goodman Group’s 1Q26 update reaffirmed earnings guidance and showed solid progress toward its >$17.5 billion development pipeline.

We maintain our Buy recommendation as industry optimism grows, driven by stronger investor interest and rising margins in the convenience retail sector.

SUM announced its 1H24 result with underlying profit of NZ$89.9m, at the top end of the guidance range (NZ$87-$90m).