mariner american property trust 8.3m profit

MARINER AMERICAN PROPERTY INCOME TRUST ANNOUNCES AN
INCREASE IN NORMALISED PROFIT OF $8.3 MILLION FOR THE YEAR ENDED 30 JUNE 2008
• Net profit before tax, revaluations and currency adjustments of A$8.3 million, up12% on previous year
• Normalised earnings Per Unit (EPU) of 4.1 cents
• Distribution Per Unit (DPU) of 9.31cents
• Stable tenancy position with 98% occupancy
• Weighted Average Lease Expiry (WALE) of 7.5 years
• Going forward, capital subsidisation of distributions to be discontinued
Mariner Securities Limited as responsible entity for the Mariner American Property Income Trust (ASX: MRA) announces a net profit of A$8.3 million before adjustments for tax, currency and revaluations. A DPU of 9.31 cents, 100% tax deferred has been paid for the full financial year. The DPU represents a return to investors consistent with the forecast.

for details, http://www.marinerfunds.com.au/data/MAPIT080814.pdf