AMP NZ Office Trust increases payout despite flat profit
AMP NZ Office Trust said today it was increasing its payout by 16.9% per unit despite posting a flat June year net profit of $34.1 million ($34.2m in 2003). The listed office property investor said earnings per unit were 8.0, while the distribution per unit rose 4% to 7.0 cents.
Thursday, August 5th 2004, 9:32AM
by The Landlord
Executive manager Robert Lang said the distribution represented an annual yield of 8.5% on the average unit price during the financial year.
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