House Prices

Better half for Calan but not unitholders

Investor and developer Calan Healthcare Properties Trust has lifted its performance, but its unitholders will not get any more money.

Friday, February 27th 2004

Calan made an unaudited net profit of $4.6 million for the six months to December 31, up 22.2 per cent from $3.7 million the previous year.

A second-quarter gross dividend of 2c per unit was declared last month and gives an unchanged first-half distribution of 4c a unit.

Calan's unitholders complained about the health of the trust at the November annual general meeting, grilling chairman Bruce Davidson and chief executive Miles Wentworth over the unit price, questioning confidence in the business, the conditional sale of a property alongside North Shore Hospital in Auckland to Metlifecare for $12.82 million and the future of a Melbourne development.

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Heartland Bank - Online 6.69
SBS FirstHome Combo 6.74
Wairarapa Building Society 6.95
Unity 6.99
Co-operative Bank - First Home Special 7.04
ICBC 7.05
China Construction Bank 7.09
BNZ - Classic 7.24
ASB Bank 7.24
ANZ Special 7.24
TSB Special 7.24
Unity First Home Buyer special 6.45
Heartland Bank - Online 6.45
China Construction Bank 6.75
TSB Special 6.75
ICBC 6.75
ANZ Special 6.79
ASB Bank 6.79
AIA - Go Home Loans 6.79
Kiwibank Special 6.79
BNZ - Classic 6.79
Unity 6.79
Westpac Special 6.39
China Construction Bank 6.40
ICBC 6.49
SBS Bank Special 6.55
Kiwibank Special 6.55
BNZ - Classic 6.55
Co-operative Bank - Owner Occ 6.55
ASB Bank 6.55
AIA - Go Home Loans 6.55
TSB Special 6.59
Kainga Ora 6.99
SBS FirstHome Combo 6.19
AIA - Back My Build 6.19
ANZ Blueprint to Build 7.39
Credit Union Auckland 7.70
ICBC 7.85
Heartland Bank - Online 7.99
Pepper Money Essential 8.29
Co-operative Bank - Owner Occ 8.40
Co-operative Bank - Standard 8.40
First Credit Union Standard 8.50
Kiwibank 8.50

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