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HPI Posts A$16.7M Profit, Navigates Takeover Bids with Steady Distributions
8:21am on Friday 7th of February, 2025 AEDT
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Real Estate
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HPI Posts A$16.7M Profit, Navigates Takeover Bids with Steady Distributions
8:21am on Friday 7th of February, 2025 AEDT
Key Points
Half-year profit surged to A$16.7 million from A$9.5 million
Rent revenue increased 1.77%, fair value gains rose 195.83%
Interim distribution declared at 3.3 cents per stapled security
Takeover offer by Charter Hall Retail REIT and Hostplus reaches 76.75% ownership
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HOTEL PROPERTY INVESTMENTS (ASX:HPI)
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