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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Unity First Home Buyer special 3.99
ICBC 4.25
SBS FirstHome Combo 4.29
Co-operative Bank - First Home Special 4.35
TSB Special 4.39
Co-operative Bank - Owner Occ 4.45
ANZ Special 4.49
ASB Bank 4.49
SBS Bank Special 4.49
Unity Special 4.49
Westpac Special 4.49
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SBS Bank Special 4.49
BNZ - Std 4.49
Kiwibank Special 4.49
TSB Special 4.49
AIA - Go Home Loans 4.49
ANZ Special 4.49
ASB Bank 4.49
Co-operative Bank - Owner Occ 4.49
ICBC 4.59
Wairarapa Building Society 4.59
SBS Bank Special 4.99
Westpac Special 4.99
ICBC 4.99
BNZ - Std 4.99
AIA - Go Home Loans 5.15
ASB Bank 5.15
Co-operative Bank - Owner Occ 5.19
ANZ 5.39
TSB Special 5.39
Kiwibank Special 5.39
Kainga Ora 5.49
SBS FirstHome Combo 3.44
AIA - Back My Build 3.54
SBS Construction lending for FHB 3.74
CFML 321 Loans 4.25
Co-operative Bank - Owner Occ 5.30
Co-operative Bank - Standard 5.30
ICBC 5.39
Heartland Bank - Online 5.45
Kiwibank - Offset 5.80
Kiwibank 5.80
ANZ 5.89

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