Brief: Corrected-Investore Property Posts FY Net Rental Income NZ$60.3 Million

Investore Property

18/05/2023 21:38

May 19 (Reuters) - Investore Property Ltd  IPL.NZ :
    * FY NET RENTAL INCOME NZ$60.3 MILLION VERSUS NZ$58.3
MILLION 
    * DECLARES A FINAL CASH DIVIDEND FOR Q4 OF FY23 OF 1.975 NZ
CPS
    * FY PROFIT BEFORE OTHER (EXPENSE) /INCOME AND INCOME TAX OF
NZ$35.2M, UP NZ$0.9M
    * WILL EXPLORE CAPITAL MANAGEMENT INITIATIVES TO MANAGE
GEARING
POSITION OVER NEAR TERM
    * INTENDS TO PAY CASH DIVIDEND OF 7.90 NZ CENTS PER SHARE
FOR FY24
    * CAPITAL MANAGEMENT INITIATIVES INCLUDE INTENTION TO SELL
SELECT,
NON-CORE ASSETS OF NZ$25M TO NZ$50M

Further company coverage:  IPL.NZ 

 ((Reuters.Briefs@thomsonreuters.com;))