Investore Property Ltd attributed its 17.2% profit decline for the March year to a fall in property revaluations.
Investore Property Ltd has an unconditional agreement for the sale of its Countdown supermarket in South Dunedin, 10 months after a tender for it closed.
Investore Property Ltd increased net rent but saw its profit decline, both before & after tax, in the September half-year.
NZX-listed large format retail property investor Investore Property Ltd, owner of 40 Countdown & Bunnings premises, said last week it would begin a one-year onmarket share buyback programme.
Investore Property Ltd settled 2 property sales worth $32.6 million last week.
Investore Property Ltd has set the interest rate for its new 6-year bonds at 4.4%, the minimum stated in the indicative terms sheet.