The Goodman Property Trust’s manager, Goodman (NZ) Ltd, expects a revaluation gain of $185 million in its annual results to 31 March, lifting the portfolio 7.6% to $2.6 billion.
Securities - NZ
Kiwi Property Group Ltd announced what it called “a streamlined executive team structure” yesterday, to align its business more strongly to growth opportunities and position it better for continued success.
Ports of Auckland Ltd chief executive Tony Gibson talked “short-term pain for long-term gain” on Friday, when the Auckland Council-owned port operator net profit down 16.4%, but capex up 27%.
Vital Healthcare Property Trust’s net profit for the December half fell 11.5%, but management company chief executive David Carr said on Friday its underlying portfolio performance was sound and it continued to deliver on the strategy of growing scale & diversity.
Retirement village developer, owner & operator Metlifecare Ltd said yesterday it had a strong financial result for the December 2018 half, but some of the figures suggest otherwise.
Retirement village operator Summerset Group Holdings Ltd attributed its 11% slide in net profit for the year to December to the fall in investment property values.