Originally Posted by
mfd
42% increase in net profit is comfortably ahead of inflation. NZL claim to have CPI linked rents so should do alright although I wouldn't be surprised to see them squeezed a little between inflation and higher interest costs.
No existential threat though, so ALF will continue to take their cut. NZL have also announced today they will be chasing foreign funding through placements and will allow a higher gearing ratio, all meaning more acquisitions and therefore more money for ALF as the manager.