DNZ
24/06/2014 15:06
ANNREP
REL: 1506 HRS DNZ Property Fund Limited
ANNREP: DNZ: DNZ Releases 2014 Annual Report and Pays Final Dividend
DNZ Property Fund Limited today released its 2014 Annual Report and confirms
it paid the final quarter dividend for the financial year ended 31 March
2014.
The final cash dividend of 2.25 cents per share was paid to Shareholders on
20 June 2014. This dividend carried 0.6224 cents per share of imputation
credits.
The Annual Report has been sent to Shareholders today. A copy of the Annual
Report can also be found on DNZ Property Fund's website at
www.dnzproperty.com.
END
For Further Information Please Contact:
Tim Storey, Chairman, DNZ Property Fund Limited
Mobile: 021 633 089 - Email: [email protected]
Peter Alexander, Chief Executive Officer, DNZ Property Fund Limited
DDI: 09 913 1154 - Mobile: 0275 443 678 - Email:
[email protected]
Jennifer Whooley, Chief Financial Officer, DNZ Property Fund Limited
DDI: 09 913 1150 - Mobile: 021 536 406 - Email:
[email protected]
DNZ Property Fund Overview
DNZ Property Fund Limited owns one of New Zealand's largest diversified
investment property portfolios with $780.2m (as at 31 March 2014) of
commercial office, retail and industrial properties located in the main urban
areas throughout New Zealand. As at 31 March 2014, DNZ Property Fund owned 46
properties with 292 tenants, a weighted average lease term (WALT) of 5.5
years and an occupancy rate of 99.5% over a net lettable area of 364,916m2.
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 $115.9m
(as at 31 March 2014) commercial property portfolio.
DNZ's top 10 tenants as at 31 March 2014: Bunnings, Progressive Enterprises
(Countdown), Foodstuffs (PAK'nSAVE & New World), ASB, Fletchers, NZ
Government, The Warehouse, Westpac, Meridian and Lion. These 10 tenants
represent 50% of the Company's total contract rental.
End CA:00251953 For:DNZ Type:ANNREP Time:2014-06-24 15:06:42
