Listed property vehicles outperformed the 50 biggest NZX stocks in December, returning 3.9%, ahead of the NZX's50 2.7%.
Jeremy Simpson, Matthew Leach and Angus Simpson, of Forsyth Barr, have just released their evaluation of the property sector and pointed to investor sentiment remaining strong this year.
The best performing listed property vehicles last month were Precinct Properties, up 7.2%, DNZ Property , up 4.9%, and Vital Healthcare up 4.1%.
In the year to December the property sector was up 25.4%, compared with the NZX50 up 19.2%, and it was the sector's first year of outperformance over the broader equity market since 2011.
New Zealand Herald