DNZ Pays FY14 Second Quarter Dividend and Releases Interim Report

DNZ Pays FY14 Second Quarter Dividend and Releases Interim Report

DNZ Pays FY14 Second Quarter Dividend and Releases Interim Report 13/12/2013

 

The second quarter cash dividend of 2.25 cents per share, for the 2014 financial year, will be paid to DNZ Property Fund Limited (“DNZ”) Shareholders today. This dividend carries 0.590 cents per share of imputation credits.

The NZX has been provided with a copy of the DNZ Interim Report for the six months ended 30 September 2013. The Interim Report has been mailed to those Shareholders not registered with DNZ’s registrar, Computershare, to receive communications electronically. DNZ Interim Report for the six months ended 30 September 2013.
 


 
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For Further Information Please Contact:
Tim Storey, Chairman, DNZ Property Fund Limited
Mobile: 021 633 089 – Email: tim.storey@dnzproperty.com

Peter Alexander, Chief Executive Officer, DNZ Property Fund Limited
DDI: 09 913 1154 – Mobile: 0275 443 678 – Email: peter.alexander@dnzproperty.com

Jennifer Whooley, Chief Financial Officer, DNZ Property Fund Limited
DDI: 09 913 1150 – Mobile: 021 536 406 – Email: jennifer.whooley@dnzproperty.com

DNZ Property Fund Overview
DNZ Property Fund Limited owns one of New Zealand’s largest diversified investment property portfolios with $770.6 million (as at 30 September 2013) of commercial office, retail and industrial properties located in the main urban areas throughout New Zealand. As at 30 September 2013, DNZ Property Fund owned 47 properties with 293 tenants, a weighted average lease term of 5.6 years and an occupancy rate of 99.4% over a net lettable area of 365,912m2.

DNZ Property Fund Limited is a Portfolio Investment Entity in which investors hold shares and is managed by its own internal management team. DNZ also holds management rights to Diversified NZ Property Fund Limited, a $117.4 million (as at 30 September 2013) commercial property portfolio.

DNZ’s top 10 tenants as at 30 September 2013: Bunnings, Progressive Enterprises (Countdown), NZ Government, Foodstuffs (PAK’nSAVE & New World), ASB, Fletcher Building, The Warehouse, Westpac, Meridian Energy and Lion. These 10 tenants represent 52% of the Company’s total contract rental.

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