Investore FY profit falls 16% on smaller valuation gain, signals flat dividend for 2020

Mon, 20 May 2019

By Paul McBeth May 21 (BusinessDesk) - Investore Property posted a 16 percent decline in annual profit as it reaped a smaller valuation gain on its large-format retail property portfolio than a year earlier. Net profit fell to $38.6 million in the 12 months ended March 31 from $46.2 million a year earlier. The year-earlier period was bolstered by a $23.1 million uplift in the value of its property portfolio and a $2.9 million gain on an asset sale, compared to a valuation gain of $17.2 million in the latest period. Distributable earn...

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