Net property income: at $61.4m, from $50m, up 22.8%.
Fair value gains:up $17.1m to $1.25b.
Main takeaway: Industrial play has pushed its dividend guidance on the strength of a robust leasing period, and has some major ‘speculative’ projects in play at both Spedding industrial and Springs Rd.
Property for Industry shares tracked up by a couple of cents in early trading to $2.27 today, after the company upped its full-year dividend guidance to at least 9.05 cents a share.
Dividends were at 4.4cps at the halfway stage for the listed industrial landlord, on the back of net rental income,
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Key points
Net property income: at $61.4m, from $50m, up 22.8%.
Fair value gains:up $17.1m to $1.25b.
Main takeaway: Industrial play has pushed its dividend guidance on the strength of a robust leasing period, and has some major ‘speculative’ projects in play at both Spedding industrial and Springs Rd.
