Summerset sees no underlying earnings growth in 2020
By Rebecca Howard | Tue, 25 Feb 2020
Summerset reported an 8 percent lift in its underlying profit in calendar 2019 but isn’t expecting any growth this year - for the first time since listing - because it is paying its workers more and d...
ANALYSIS: Fletcher shares jump 4.4% after poor result
By Jenny Ruth | Thu, 20 Feb 2020
At first glance, Fletcher Building's first-half results were awful and even worse than analysts had been expecting.But the market took heart from the company maintaining its guidance for the full-year...
Vital Healthcare's first-half profit climbs 22.2%
By Jenny Ruth | Wed, 19 Feb 2020
Vital Healthcare Property Trust's manager said first-half net profit rose 22.2 percent and normalised distributable income was up 14.6 percent as the value of its properties increased, rents rose and...
New strategy sees profit jump for PFI
By Victoria Young | Mon, 17 Feb 2020
A refined focus on industrial property is paying off for Property for Industry, lifting annual profit 60 percent in the first year of a refreshed strategy. The property investor reported a net pro...
Augusta to delay tourism fund, annual AFFO to fall up to 45%
By Jenny Ruth | Mon, 17 Feb 2020
Augusta Capital said it has decided to defer the launch of its tourism fund until the 2021 financial year and therefore its adjusted funds from operations for the year ending March may be as much as 4...
