Kiwi Income Property Trust

Entity type image
Type: Company
Name: Kiwi Income Property Trust
First reported 3 hours ago - Updated 3 hours ago - 1 reports

Overpricing worries drag stocks back

New Zealand shares fell on Tuesday over concern prices have run up ahead of earnings and profit downgrades in Australia weighed on companies with businesses across the TasmanThe NZX 50 Index fell 7.816 points, or 0.2 per cent, to 4590.839. Within the ... [Published NineMSN Finance - 3 hours ago]
First reported May 13 2013 - Updated May 13 2013 - 1 reports

Property Trust sees bright year ahead

The Kiwi Income Property Trust is currently paying investors more than it is earning as it deals with completing projects such as the ASB North Wharf building in Auckland and earthquake-related projects in Christchurch and Wellington.The trust is New ... [Published Radio New Zealand - May 13 2013]
First reported May 13 2013 - Updated May 13 2013 - 2 reports

SkyCity deal helps NZX rise continue

New Zealand shares rose on Monday, extending the NZX 50 Index's advance this year to more than 14 per cent, as investors welcomed confirmation of SkyCity Entertainment Group's convention centre deal.The NZX 50 rose 18.86 points, or 0.4 per cent, to a ... [Published MSN New Zealand - May 13 2013]
First reported May 13 2013 - Updated May 13 2013 - 1 reports

KIPT Annual Result To 31 March 2013

KIWI INCOME PROPERTY TRUST ANNOUNCES ANNUAL RESULT FOR THE YEAR ENDED 31 MARCH 2013Kiwi Income Property Trust today announced its annual result for the year ended 31 March 2013, delivering an after tax profit1 of $109.8 million, up $20.6 million, or 23.1% ... [Published Scoop - May 13 2013]
First reported May 13 2013 - Updated May 13 2013 - 1 reports

Distribution Reinvestment Plan

Kiwi Income Property Trust has today released a revised copy of its booklet. The Plan provides eligible Unit Holders with the opportunity to reinvest distributions without incurring any transaction costs. The Plan has been successfully operating for over ... [Published Scoop - May 13 2013]
First reported May 13 2013 - Updated May 13 2013 - 1 reports

Kiwi Income Property profit climbs

Revaluation gains on its investment portfolio and a modestly positive year for retail sales contributed to a rise of $20.6 million in annual profit for Kiwi Income Property Trust.But the repayment of millions in bank debt saw a significant drop in its ... [Published stuff.co.nz - May 13 2013]
First reported May 12 2013 - Updated May 12 2013 - 2 reports

Kiwi Income FY earnings fall 15%, sees smaller 2014 payout

Kiwi Income annual earnings fall 15%, sees smaller payout in 2014 May 13 (BusinessDesk) - Kiwi Income Property Trust, the owner of Auckland’s Sylvia Park Shopping Centre, reported a 15 percent fall in annual earnings due to a drop in rental income and ... [Published Scoop - May 12 2013]
First reported May 12 2013 - Updated May 12 2013 - 1 reports

New Zealand's Kiwi Income Trust year profit rises

Kiwi Income Property TrustLtd reported 23 percent rise in profit in the year toMarch 31 because of high occupancy rate and reduced debt.New Zealand's largest listed property company said the full year profit was NZ$ 109.8 million ($90.7 million) compared ... [Published Reuters - May 12 2013]
First reported May 01 2013 - Updated May 01 2013 - 1 reports

Sale likely to cost ratepayers millions

Hamilton ratepayers look likely to lose millions of dollars in the council's latest property deal.Time is running out on a 2009 agreement requiring the city council to sell the central city's underground car park to Centre Place owners Kiwi Income Property ... [Published Waikato Times - May 01 2013]
First reported Apr 29 2013 - Updated Apr 29 2013 - 1 reports

Owner strengthens Majestic Centre to 100pc

The cost of strengthening Wellington's tallest building has risen by $19 million, to $54m. Work on the 28-storey The Majestic Centre, owned by Kiwi Income Property Trust (KIPT), was initially estimated to cost $35m.Work began last year, after engineers ... [Published Dominion Post - Apr 29 2013]
First reported Apr 05 2013 - Updated Apr 05 2013 - 1 reports

Port of Tauranga leads New Zealand shares rise

New Zealand shares rose, led by Port of Tauranga, the commodity port benefiting from dairy and logs. Fletcher Building rebounded, while retirement home operators Ryman Healthcare and Summerset Group were at record closes.The NZX 50 Index rose 2.8 points, ... [Published ONE News - Apr 05 2013]
First reported Apr 02 2013 - Updated Apr 02 2013 - 1 reports

NZ shares fall as smelter standoff hurts Contact

New Zealand shares fell as investors fretted the standoff between Rio Tinto and the Government over the price of electricity to the Bluff smelter could see the plant closed, denting power demand and hurting profits at Contact Energy.The NZX 50 Index declined ... [Published ONE News - Apr 02 2013]

Quotes

"Pricing multiples have got ahead of earnings growth in the near term" Mr Solly said. "The market is pushing valuations quite hard."
"By October this year we'll have completed our redevelopment at (Hamilton's) Centre Place and by November this year we will have completed the re-construction of ten shops at Northlands Shopping Centre in Christchurch."
"The market still hasn't got complete confidence inin Chorus and the broadband rollout" Mr Williamson said
"We continue to see the need to remain cautious, while at the same time take into account the cost and income impacts of our earthquake-strengthening requirements" Ford said. - $ Fairfax NZ News

More Content

All (16) | News (15) | Reports (0) | Blogs (0) | Audio/Video (0) | Fact Sheets (1) | Press Releases (0)
sort by: Date | Relevance
Overpricing worries drag stocks back [Published NineMSN Finance - 3 hours ago]
Property Trust sees bright year ahead [Published Radio New Zealand - May 13 2013]
SkyCity deal helps NZX rise continue [Published MSN New Zealand - May 13 2013]
MARKET CLOSE: NZ shares gain; SkyCity up on con... [Published Scoop - May 13 2013]
KIPT Annual Result To 31 March 2013 [Published Scoop - May 13 2013]
Distribution Reinvestment Plan [Published Scoop - May 13 2013]
Kiwi Income Property profit climbs [Published stuff.co.nz - May 13 2013]
Kiwi Income FY earnings fall 15%, sees smaller ... [Published Scoop - May 12 2013]
Kiwi Income's annual earnings slump [Published MSN New Zealand - May 12 2013]
New Zealand's Kiwi Income Trust year profit rises [Published Reuters - May 12 2013]
Sale likely to cost ratepayers millions [Published Waikato Times - May 01 2013]
Owner strengthens Majestic Centre to 100pc [Published Dominion Post - Apr 29 2013]
Port of Tauranga leads New Zealand shares rise [Published ONE News - Apr 05 2013]
NZ shares fall as smelter standoff hurts Contact [Published ONE News - Apr 02 2013]
NZ shares rise, Sky TV, Xero advance [Published ONE News - Mar 15 2013]
Fact Sheet for Kiwi Income Property Trust [Published Able2Act - Apr 17 2008]
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