Investore Property Limited (Investore) has reported strong financial results for the twelve months ended 31 March 2022 (FY22).
The company has pursued its strategy of targeted growth and capital management, leading to a 8.2% net valuation gain on its large format retail portfolio and a 7.90 cents per share annual cash dividend, up from 7.60 cents per share.
Investore’s weighted average cost of debt was 3.77%, down from 4.04%.
The company has also acquired $73.8m of properties and has a development pipeline with a Countdown supermarket construction due to commence in July 2022.
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