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Sean Wareing

Kiwi Income sees pressure in city office markets

Kiwi Income sees pressure in city office markets
Wellington, Aug 12 NZPA - The office markets in Auckland and Wellington will come under pressure in the coming years as new buildings increase vacancy rates and putting pressure on rents, according to Kiwi Income Property Trust.

Kiwi Income Property posts $12.4m loss

Kiwi Income Property posts $12.4m loss
Wellington, May 20 NZPA - Kiwi Income Property Trust, the country's largest listed property company, today announced a full-year after tax loss of $12.4 million. The result, for the year to the end of March, compared with a net loss of $169m last year.

Kipt Considers Raising $100m To $150m

Kipt Considers Raising $100m To $150m
Wellington, Nov 2 NZPA - Kiwi Income Property Trust is considering raising $100 million to $150m through a primary offer and an entitlement offer of unsecured subordinated mandatory convertible notes.

Kiwi Income Property Trust Portfolio Value Declines

Wellington, Oct 2 NZPA - Kiwi Income Property Trust said the value of its portfolio has reduced by 3.5 percent to $1.83 billion.

Kiwi Income Reports Full Year After Tax Loss Of $169 Million

Wellington, May 15 NZPA - Kiwi Income Property Trust reported a full year after tax loss of $168.9 million, but said it made a distributable profit of $61m which was down 1.8 percent from a year earlier.

Kiwi Income Property Trust To Raise $50m

Kiwi Income Property Trust To Raise $50m
Wellington, April 1 NZPA - Kiwi Income Property Trust is proposing to raise about $50 million through an issue of new units, partly to prepare itself should its asset valuations fall further.

Kiwi Income Property Trust's Value Down But Rent Up

Kiwi Income Property Trust's Value Down But Rent Up
Wellington, March 27 NZPA - Kiwi Income Property Trust has seen $162.2 million shaved off the value of its property portfolio in six months, which it puts down to global economic conditions.

Kip Lowers Forecast Annual Distribution

Kip Lowers Forecast Annual Distribution
Wellington, Nov 12 NZPA - Kiwi Income Property Trust today revised its projected cash distribution for the full year to 8 cents per unit.

Kiwi Income Property Trust Portfolio Value Down 2.5 Pct

Wellington, Sept 24 NZPA - Kiwi Income Property Trust is reporting a net reduction of about $51 million in the value of its portfolio of office and retail properties.

Extra Valuation Ordered By Kiwi Income Property Trust

Wellington, Aug 13 NZPA - Kiwi Income Property Trust has decided to get a valuation of its properties at the half year as well as full year because of the current environment in the property sector.

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