DNZ Property Fund, which corporatised and listed on the NZX last year, boosted first-half distributable earnings by a third as it cut interest costs and had fewer management fees, allowing it to flag a higher dividend.
The Auckland-based company reported distributable earnings of $13 million, or 5.27c per share, in the six months ended September 30, up from $9.8 million, or 4.69c per share, a year earlier.
