The Property for Industry full year result due out today is expected to offer an insight into the position of its sector in general, according to Forsyth Barr research analyst Jeremy Simpson.

Its half yearly results last August revealed a $15.7 million loss after tax and unrealised losses.

Then, it was marketing leases in the first stage of its Avondale Peninsula Business Park – details of the success of that are expected later today.

Valuations of properties in its portfolio will reveal the performance of the industrial property sector overall. At its half yearly results, its portfolio value was at $349.75 million.

“Full year property revaluations will be watched with interest to see if there are signs of valuation falls stabilising,” Mr Simpson said.

The latest Colliers research report said expansion in the manufacturing was small but steady according to the Business NZ Performance of Manufacturing Index.

“Judging by the number of industrial listings currently being marketed by Colliers in Auckland, the new industrial vacancy survey [out in March] may well show an overall increase,” said Colliers head of research Alan McMahon.

“In both Auckland and Wellington, well leased property is selling at 7.5% to 8.5% , a little firmer than the early part of 2009. However although value softening as a consequence of cap rate increases appear to be at an end, assuming no further economic shocks, further value reductions may well occur on the back of softening rents.”

Mr Simpson said that modest growth was expected from Property For Industry’s results, highlighting the resilient nature of the business.

Property for Industry’s portfolio boasts properties at locations including Mt Wellington, Manukau, East Tamaki, Christchurch and Wellington.