Brief: Investore Property Says Net Increase Of NZ$7.4 Mln In Fair Value Of Property Portfolio For FY20

Investore Property

27/04/2020 22:06

April 28 (Reuters) - Investore Property Ltd  IPL.NZ :
    * REPORTS NET INCREASE OF NZ$7.4 MILLION IN FAIR VALUE OF
PROPERTY
PORTFOLIO FOR FY ENDED 31 MARCH
    * EXPECTS TO SETTLE ACQUISITION OF 3 LARGE FORMAT RETAIL
PROPERTIES FROM SPL ON 30 APRIL
    * CONFIRMS IT REFINANCED NZ$101 MILLION OF DEBT FACILITIES
DUE TO
MATURE IN JUNE 2021
    * SECURED NEW NZ$50 MILLION, 5 YEAR FACILITY WITH ITS
BANKING
GROUP
    * RECONFIRMS IT CURRENTLY EXPECTS FY20 TOTAL CASH DIVIDEND
TO BE
MAINTAINED AT 7.6 CPS
    * CURRENTLY HAS NZ$420 MILLION OF TOTAL DEBT FACILITIES
AVAILABLE

Source text https://www.i-search.nzx.com/blobs/IPL000000/489787/IPL000000-321424.pdf
Further company coverage:  IPL.NZ 

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