Analysts downgrade Investore as large format retail runs too hot
The NZX-listed fund has performed strongly but hasn’t managed to apply its capital.
NZX-listed Investore Property could be the victim of its own success as its large format retail asset class, which boomed through the pandemic, becomes too hot to handle.
In late July, research firm Forsyth Barr gave the property fund an ‘outperform’ rating due to its certainty of rent
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