Kiwi Property’s credit rating outlook revised to stable

Kiwi Property is pleased to advise that S&P Global Ratings has today revised the outlook
for Kiwi Property’s issuer credit rating from ‘Negative’ to ‘Stable’, with the investment
grade rating affirmed as BBB/Stable.

Kiwi Property’s senior secured green bonds are rated one notch higher at BBB+.

ENDS

For further information:
Fraser Gunn
Head of Corporate Finance and Investor Relations
fraser.gunn@kp.co.nz
+64 21 973 534


About us:
Kiwi Property (NZX: KPG) is one of the largest listed property companies on the New
Zealand Stock Exchange and is a member of the S&P/NZX 20 Index. We have been
around for over 30 years and proudly own and manage a significant real estate portfolio
comprising some of New Zealand’s best mixed-use, retail and office buildings. Our
objective is to provide investors with a reliable investment in New Zealand property
through the ownership and active management of a diversified, high-quality portfolio.
Kiwi Property is licensed under the Real Estate Agents Act 2008. To find out more, visit our
website, kp.co.nz

NZX RELEASE
2 December 2025

Kiwi Property’s credit rating outlook revised to
stable