Kiwi Property confirms FY22 dividend guidance
NZX RELEASE
21 February 2022
Kiwi Property confirms FY22 dividend guidance
Kiwi Property today confirmed its dividend guidance of 5.3 cents per share for the 2022 financial
year
1
. The guidance has been determined after allowing for further potential COVID-19 related
rental abatements and represents a New Zealand tax-paid dividend yield of 4.77%
2
.
Kiwi Property Chief Executive Officer, Clive Mackenzie, said today’s announcement would offer
the company’s shareholders certainty, amidst a volatile macro-economic climate.
“While COVID-19 and the arrival of the Omicron variant have disrupted the operating
environment, our diversified portfolio of high-quality assets continues to perform well. We’re
pleased to confirm a robust FY22 dividend forecast that’s both consistent with prior guidance and
expected to deliver a dividend yield that is among the best in our sector.”
ENDS
Notes
1. The actual FY22 dividend payment is subject to Board approval and contingent on Kiwi
Property’s financial performance through the remainder of the financial year, barring material
adverse effects or unforeseen circumstances, such as further COVID-19 related lockdowns.
2. Based on a share price of $1.11, representing the closing share price recorded on NZX as at
18 February 2022.
Contact us for further information:
Campbell Hodgetts
Head of Communications and Investor Relations
campbell.hodgetts@kp.co.nz
+64 27 563 4985
About us:
Kiwi Property (NZX: KPG) is one of the largest listed property companies on the New Zealand Stock
Exchange and is a member of the S&P/NZX 20 Index. We’ve been around for over 25 years and
proudly own and manage a significant real estate portfolio, comprising some of New Zealand’s
best mixed-use, retail and office buildings. Our objective is to provide investors with a reliable
investment in New Zealand property through the ownership and active management of a
diversified, high-quality portfolio. S&P Global Ratings has assigned Kiwi Property an issuer credit
rating of BBB (stable) and an issue credit rating of BBB+ for each of its fixed rate senior secured
green bonds. Kiwi Property is the highest rated New Zealand company within CDP (Carbon
Disclosure Project) and is a member of FTSE4 Good, a series of benchmark and tradable indices for
ESG (Environmental, Social and Governance) investors. Kiwi Property is licensed under the Real
Estate Agents Act 2008. To find out more, visit our website kp.co.nz
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.
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