Challenger Diversified Property Group (ASX:CDI) has increased its half year net profit by 10 per cent to $20.8 million.
Fund Manager Trevor Hardie says the growth in the company’s net property income was underpinned by its leasing activities.
According to Mr Hardie, CDI has strengthened its future earnings over the half year with a focus on portfolio enhancement, improving leasing metrics and active capital management.
Mr Hardie says the progress of the company’s strategic objectives has it well placed to achieve its full year guidance and to further grow earnings.
CDI will pay shareholders an 8.6 cent half year dividend on the 28th of February.
CDI Price at posting:
$2.49 Sentiment: None Disclosure: Held
