Sharechat Logo

Slight surplus lift for National Property

By Phil Boeyen, ShareChat Business News Editor

Friday 11th August 2000

Text too small?
National Property Trust has improved its full year after tax surplus and announced a dividend of 2.4 cents per unit.

The trust says it is the sixth year in a row it has produced "a sound result for unit holders and further growth in the asset base of the Trust despite vagaries of a difficult property market".

NAP's net surplus after tax stood at $3.04 million, a slight increase over its $2.93 million surplus last year.

The trust is forecasting a 7% increase in gross return for the next financial year.

It says during the year ended 31 May 2000 two new properties were added to its portfolio, and it also announced during the week that a new six year lease had been signed for three floors of NCR House in Wellington.

It says that deal concluded a very successful 12 month period of leasing, resulting in six new leases and four renewals, effectively renewing all leases that were to expire in this calender year.

  General Finance Advertising    

Comments from our readers

No comments yet

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.

Related News:

Daily ShareChat: National Property Trust
Daily ShareChat: National Property Trust
Takeover offer for Newmarket Trust
Trust buys Christchurch property from retail giant

IRG See IRG research reports