2236 GMT - Macquarie says confidence in Kiwi Property's earnings outlook for FY 2026 has strengthened after assessing the company's 1H result. Kiwi Property's 1H adjusted funds from operations rose by 4% on a year ago. Kiwi Property also signaled its dividend would be at the lower end of its target payout range. For Macquarie, this implies adjusted funds from operations could rise by 7% in FY 2026. That provides "a strong base to grow from," Macquarie says. It retains an outperform call on Kiwi Property, which is down 0.9% at NZ$1.075 today. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
November 24, 2025 17:36 ET (22:36 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.