Key achievements for each financial year
2012 | 2011 | 2010 | 2009 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992
All information on this page is in New Zealand dollars.
2013
| $69 million | Operating profit before tax |
| $110 million | Profit after tax |
| $61.2 million | Distributable income |
| 6.60 cents per unit | Cash distribution |
| $2.08 billion | Property portfolio |
| $1.14 | Net tangible assets per unit |
| $1.39 billion | Retail sales |
| 97.2% | Portfolio occupancy |
| 4.3 years | Weighted average lease term |
2012
| $81.3 million | Operating profit before tax |
| $89.2 million | Profit after tax |
| $71.7 million | Distributable income |
| 7.0 cents per unit | Cash distribution |
| $2.01 billion | Property portfolio |
| $1.09 | Net tangible assets per unit |
| $1.43 billion | Retail sales |
| 96.2% | Portfolio occupancy |
| 3.9 years | Weighted average lease term |
2011
| $68.8 million | Distributable profit |
| 7.0 cents per unit | Total full year cash distribution |
| $1.98 billion | Total property portfolio value |
| 32.7% | Net bank debt to total assets |
| 97.1% | Portfolio occupancy |
| 4.0 years | Weighted average lease term |
| 99% | Distribution payout ratio |
| $137.8 million | Net rental income |
| $1.07 | Net tangible assets per unit |
2010
| $61.1 million | Distributable profit |
| 7.50 cents per unit | Total full year cash distribution |
| $1.85 billion | Total property portfolio value |
| 24.4% | Bank debt to total assets |
| 97.0% | Portfolio occupancy |
| 4.3 years | Weighted average lease term |
2009
| $61.1 million | Distributable profit |
| 8.00 cents per unit | Total full year cash distribution |
| $1.91 billion | Total property portfolio value |
| 33.1% | Bank debt to total assets |
| 98.7% | Portfolio occupancy |
| 4.3 years | Weighted average lease term |
2008
| Net Profit After Tax (NZ IFRS) of $123.0 million |
| Distributable Profit up 4.9% to $62.1 million |
| Full Year Cash Distribution up 7.9% to 9.00 cents per unit |
| Net Portfolio Valuation Gain of $64.7 million |
| Total Assets increase by $144.9 million to $2.1 billion |
| Bank Debt of $571.0 million, representing a conservative 27.3% of total assets |
| Weighted Average term to Maturity of Bank Debt Facilities of 3.9 years |
| NZ IFRS Adjusted¹ Undiluted NTA up 9 cents to $1.75 per unit |
| Portfolio Occupancy remains high at 99.1% |
| Sylvia Park Shopping Centre successfully completed June 2007 |
| Sylvia Park retail sales reach $349 million with Stage IV retailers yet to trade a full year |
| The Plaza Shopping Centre $93 million redevelopment commenced March 2008 |
¹ Adjustment of NTA refers to the exclusion of deferred tax on revaluation gains and other items which will not crystallise
2007
| Profit after Income Tax increased 3.7% to $59.2 million (excluding one-off realisation gains in 2006 results) |
| Total Gross Dividend increased 5.5% to 9.60 cents per unit |
| Total Gross Return of 38.0% per annum |
| Record Portfolio Revaluation Gain of $219.8 million |
| Undiluted Net Asset Backing increased 31 cents per unit to $1.75 per unit (includes final dividend) |
| Total Assets increased by $481.6 million to $1.927 billion |
| Portfolio Occupancy maintained above 99% |
|
Sylvia Park Stages I, II & III opened on time, within budget and fully leased |
2006
| Profit after tax increased by 36.9% to $72.1 million |
| Total gross dividend 5.2% to 9.10 cents per unit |
| Total gross return of 22.5% per annum |
| Portfolio revaluation of $103.2 million |
| Undiluted net asset backing increased by 17 cents to $1.44 per unit (includes final dividend) |
| Total assets increased by $183.9 million to $1.45 billion |
| Successful $142.3 million mandatory convertible notes issue completed in July 2005, fully subscribed |
| High portfolio occupancy of 99.5% maintained |
| Sylvia Park Stage I 100% leased and open, Stage II currently 95% leased, construction on programme |
| $15.0 million profit achieved from the sale of Capital Properties investment and AUT building |
| Inclusion in NZX10 and MSCI indices |
2005
| Net Income after tax up 7.3% to $52.7 million |
| Net rental revenue up 22.0% to $88.1 million (excludes CNZ income) |
| Total gross dividend 8.65 cents per unit (pcp 8.57 cents per unit) |
| Portfolio revaluation of $65.0 million |
| NTA increased by 9 cents per unit to $1.27 per unit (includes final dividend) |
| Total assets increased by $163 million to $1.26 billion |
| Successful $50 million capital raising April 2004 |
| Portfolio occupancy increases to 99.5% |
2004
| Net income after tax of $49.1 million, up 9.7% on the previous year |
| Total gross distribution of 8.57 cents per unit declared for year |
| The portfolio is revalued upwards by $50.6 million, increasing the net asset backing by 7% to $1.15 per unit |
| Total assets increase by $187.1 million to $1.1 billion |
| Centre Place Shopping Centre and Vero Centre record revaluation gains of $11.6 million and $10.1 million respectively |
| Successful capital raising of $25 million completed in May 2003 |
| Unisys House was acquired for $44.1 million |
| The $91 million Northlands’ expansion is largely completed with the Centre doubling in size to 40,994 sqm. Northlands is now the largest enclosed shopping centre in New Zealand, with occupancy at 99.6% |
| Northlands achieves a revaluation gain of $16.8 million, being $13.2 million ahead of the prospectus forecast of $3.6 million |
| Strong leasing across both the office and retail portfolios increases average occupancy to 98.2% |
| Sound progress continues with the $10 million refurbishment of North City, with the foodcourt opening successfully in April 2004 |
2003
| Net income after tax of $44.75 million, up 3.2% on the previous year |
| Successful completion of a 1:6 pro-rata rights issue in July 2002 raising $69.3 million for the partial funding of the Northlands Shopping Centre expansion in Christchurch |
| Total gross dividend of 8.54 cents per unit declared for year $90.9 million expansion of Northlands Shopping Centre, Christchurch commenced in September 2002, which will see the Centre double in size to 40,700 sqm and become one of the largest enclosed malls in New Zealand |
| 100% of the 54 retail tenancies in Stage 1 at Northlands leased three months before their scheduled opening in July 2003 |
| Strong leasing across both office and retail portfolios increases average occupancy, excluding Northlands, to 98% |
| Vero Centre, Auckland is 100% leased and its value increased by $2.3 million to $204.5 million |
| The portfolio is revalued upwards by $6.1 million |
| The Trust's ranking on the NZX Top 50 moves to 12th |
| Successful completion of refurbishment of the Plaza's foodcourt in Palmerston North, yielding 15% on the $1.5 million in capital expenditure |
2002
| For the tenth year in a row, Kiwi Income Property Trust records an increase in net operating income before tax |
| Colonial First State Property Limited acquired the Trust's management company |
2001
| Construction starts on HP House (formerly Compaq House) at Maritime Square, with 100% pre-commitment by Compaq Computers & Bayleys Real Estate |
| A major remix and refurbishment of Centre Place Shopping Centre, Hamilton is completed |
| Acquired Kiwi Development Trust and its asset the Vero Centre, Auckland (formerly the Royal & SunAlliance Centre) for $197 million |
| Centre Place Shopping Centre, Hamilton wins the New Zealand Property Council Retail Excellence Award |
2000
| The Trust successfully applies for re-zoning of the land at Sylvia Park to permit extensive redevelopment of the site to include retail, office and related uses |
1999
| Construction begins on Auckland's first waterfront office park at Maritime Square |
1998
| $25.5 million extension of North City Shopping Centre, Porirua completed |
| Joint venture partners' interests in the Majestic Centre purchased in Wellington and Northlands Shopping Centre, Christchurch |
| Lend Lease acquisition of 50% of the Trust Manager |
| Purchase a further 9.1 hectares of industrial land immediately adjacent and north of the original Sylvia Park site at a cost of $20 million |
| Sale of the Shortland Street site in downtown Auckland to facilitate the development of the Royal & SunAlliance Centre, Auckland |
| Sale of non-strategic property assets of $33.2 million |
1997
| Acquired 21 Pitt Street, Auckland (formerly Vodafone House) from Auckland Regional Services Trust for $33.9 million |
| Acquired Sentry Investment portfolio of four landmark office properties - two in Auckland, one in Wellington and one in Christchurch |
1996
| Acquired the portfolio of New Zealand Land Limited, including Centre Place Shopping Centre in Hamilton, increasing the Trust's assets to $295.6 million |
| Acquired Sylvia Park for $9.75 million |
| Refurbishment of Northlands Shopping Centre, Christchurch complete |
| Kiwi Income Property Trust wins BOMA (now Property Council of New Zealand) Award for best Listed Property Company or Trust for the second year running |
1995
| Northlands Shopping Centre, Christchurch is refurbished throughout the year |
| Kiwi Income Property Trust wins BOMA (now Property Council of New Zealand) Award for best Listed Property Company or Trust |
1994
| Acquired The Majestic Centre in a joint venture with a Canadian-based investment group for $22.25 million |
| Acquired North City Shopping Centre, Porirua (formerly Kmart Plaza) for $42.6 million |
1993
| Kiwi Income Property Trust becomes the first property vehicle to be listed on the New Zealand Stock Exchange, issuing 45 million units |
| Acquired The Plaza, Palmerston North for $32 million |
1992
| Kiwi Income Property Trust is founded |
