NPT first-half operating earnings rise 14% on increased rental base

NPT, the listed property investor, reported a 14 percent increase in first-half operating profit as rental income was swelled by new properties including Auckland shopping precinct The Roskill Centre.

Operating earnings before one-time items rose to $3.1 million in the six months ended Sept. 31, from $2.7 million a year earlier, the Auckland-based company said in a statement. Gross rental income rose 13 percent to $8.2 million. Net profit dropped 42 percent to $2.6 million, reflecting a property valuation gain in the year-earlier period that wasn't repeated.

The retail, commercial and industrial property investor's portfolio was valued at $157 million as at Sept. 30, from $121 million a year earlier. The increase reflected the addition of the Roskill Centre  and the purchase of properties adjacent to the Eastgate Shopping Centre, it said.

NPT will pay a second-quarter dividend of 0.8 cents a share.

BusinessDesk.co.nz

Comments from our readers

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

PEB - PACIFIC EDGE ADVANCES US COMMERCIAL RECOVERY
CEN - Contact considers green Capital Bond offer
BRW - Board appointment
October 19th Morning Report
October 16th Morning Report
CHI - Q3 2026 Operational Update
Devon Funds Morning Note - 14 October 2026
BIT - Transaction in Own Shares
PHL - Operational Update - Q2 FY27
October 14th Morning Report