Investore to keep dividend intact as covid disruption limited

Investore to keep dividend intact as covid disruption limited
Paul McBeth
Investore Property expects to maintain its dividend payments in the coming year having largely shrugged off the impact of the covid-19 pandemic, with more than three-quarters of its portfolio occupied by ‘essential’ services. The large-format retail property owner paid annual dividends of 7.6 cents per share in the March year and expects to pay the same again in the coming year provided the economy doesn’t fall apart. Investore – whose tenants include Countdown supermarkets and Bunnings hardware stores – said it expects gross rent to fall...

More Property

Brothel goes into liquidation
Property

Brothel goes into liquidation

One33 Vincent had been in dispute with its landlord over covid-related rent arrears.

Maria Slade 23 Jan 2025
Government looks to sell 35 homes in Waikanae
Policy

Government looks to sell 35 homes in Waikanae

Ministry to pay $21.5m and on-sell homes after developer triggers underwrite.

Oliver Lewis 21 Jan 2025
Clarkes hand over 'certain items' to Du Val receivers
Property

Clarkes hand over 'certain items' to Du Val receivers

The failed property group's founders had until Wednesday to front up with the assets.

Maria Slade 16 Jan 2025
Analysts expect RV companies to raise equity
Property

Analysts expect RV companies to raise equity

“We expect investor support for a capital raise," Jarden's Arie Dekker said.

Gregor Thompson 15 Jan 2025