Another iteration of sustainable dividend policy

研报英文原文证据摘录

Another iteration of sustainable dividend policy

noted to have Stout St works are deductible for tax purposes so will benefit FY27. for the period, which is above trend lifted as well, now around 12%.

and may reflect the uncertain • ARG has noted interest in some of

environment and tenants not wanting • ARG is not marketing nor has seen any its Wellington industrial assets and

interest in the $129m of remaining to commit to additional fitout spend. may look to divest these despite this

non-core asset on balance sheet,

• ARG has conditionally sold the largely being suburban or lower quality reducing weighting towards industrial and a reduction to a tightly-held LFR asset in Taupo for well over office space. Wellington market. book value which will help recycle

some capital and highlights solid • Despite talk of increased enquiry, • ARG has two other backup tenant

ARG has yet to make progress on key investment demand from local discussions underway on Neilson

vacancies within the office portfolio. private investors still. Street, with some having an earlier

• ARG continues to divest problem start date than current terms agreed.• Admin expenses were stable YoY

assets well after they become an while MER fell 6bp to 50bp for FY26. • ARG's discussions have 10-15%

issue, with 143 Lambton sold for

• As part of the change in DPS policy $6.0m during 2H26 which compares cost increases to come for construction. This is expected to and regular forecasting reviews, ARG to $7.25m book value at 1H, and this reduce development volumes and ARG looked out 10 years and sees itself asset having been worth $29m in has little on at present. within both the new and old dividend FY19. This also removed a key vacancy

policies based on earnings outlook. from the portfolio.