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Supporting tenants saw Kiwi Property lift profit, drop operating income

Portfolio gains offset a drop in rental income caused by Covid-19 pandemic.

Andrew Bevin Mon, 24 May 2021

NZX-listed Kiwi Property posted a near $200 million profit for the 2021 financial year despite a drop in income, with a portfolio value increase more than making up for the difference.

The commercial landlord’s net profit for the year ended March 31, of $196.5m, was up 205% on its 2020 loss of

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Andrew Bevin Mon, 24 May 2021
Contact the Writer: andrew@nbr.co.nz
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Supporting tenants saw Kiwi Property lift profit, drop operating income
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