Investore Property Posts Lower Fiscal 2026 Adjusted FFO, Higher Net Rental Income

MT Newswires Live09:18

Investore Property (NZE:IPL) reported Thursday fiscal year 2026 adjusted funds from operations of NZ$0.0602 per share, down from NZ$0.0658 a year earlier.

Analysts polled by FactSet expected AFFO of NZ$0.06.

Net rental income for the 12 months ended March 31 was NZ$65.5 million, compared with NZ$62.3 million a year earlier. Analysts surveyed by FactSet expected NZ$67.6 million.

The company expects to pay a cash dividend of NZ$0.065 per share for fiscal year 2027, representing a 9.3% gross dividend yield.

The board declared a final dividend of NZ$0.01625 per share, unchanged from the prior corresponding period, payable June 10 to shareholders on record as of May 29.

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