DNZ
13/12/2013 10:47
INTERIM
REL: 1047 HRS DNZ Property Fund Limited
INTERIM: DNZ: DNZ Pays FY14 Q2 Dividend and Releases Interim Report
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. The
Interim Report is also available on DNZ'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 $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.
End CA:00245149 For:DNZ Type:INTERIM Time:2013-12-13 10:47:47
