Calan holds steady

The figure compared with $4.3 million for the six months to the end of December the previous year. Rental income grew 17% to $7.7 million.

Calan says total assets increased from $202.9 million at 30 June 2000 to $208.1 million at the end of 2000.

The Trust says the gross distribution for the six-month period was 3.4 cents per Unit compared with 4 cents per Unit for the same period last year.

"As Unit Holders are aware, short-term distributions continue to be adversely affected by the delay in bringing the Ascot Clinics and Waitemata Private projects to fruition" the Trust said in a statement.

Although many properties were revalued slightly upwards in the half-year revaluation, the Trust took a $1.4 million write-down on the 188 Health Centre in St Heliers Bay, Auckland.

CHP says while the level of distributions and the performance of the Unit price in recent months has been disappointing, its focus is on completing the Ascot Clinics and Waitemata Private projects, and says successfully completing these will strengthen returns.

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