Kiwi Property's retailers' fortunes boost 2021 earnings

Staff reporters
Fri, 12 Mar 2021

Kiwi Property Group has raised its earnings guidance by up to 14% because its retailing tenants are performing better than it expected.The property investor now expects adjusted funds from operations will be between 5.5 cents and 5.6 cents in the 12 months ended March 31, up from its November guidance of 4.9 cents to 5.15 cents.The company said leasing outcomes and turnover rent have exceeded forecast while rental abatements and doubtful debt allowances are less than anticipated."The arrival of covid-19 brought widespread uncertainty to Ne...

Use the information you’ve already given Google to create your subscription.

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Property
Pet food millionaire snaffles Taupō racetrack
Pattrick Smellie | Sat, 17 Apr 2021

Tony Quinn is adding Taupō's Bruce McLean Park to the motorsport facilities he already owns at Hampton Downs and Highlands.

Markets Exclusive
Market regulator blasts Australian 'culture of leaks'
Dan Brunskill | Sat, 17 Apr 2021

Leaks are threatening market integrity and should not be tolerated, NZ RegCo says.

Opinion
The traditional office is dying a slow, painful death
Jehan Casinader | Sat, 17 Apr 2021

The modern workplace has been through various iterations in recent decades, but no one questioned why it existed in the first place.

Partner Content
Highlights from the New Zealand company earnings season

The February earnings season has provided a snapshot of the impact covid-19 has had on different sectors over the last six months and expectations for the year ahead.

Sponsored
Now’s the time to ask hard questions on our future land use

How can we work together to strengthen our economy and support Kiwis to prosper while protecting our natural environment and our climate.

Loading...