AMP rental profit

AMP NZ Office Trust (ANZO) said higher rental revenues and lower interest costs helped it achieve a 19.9 per cent increase in distributable profit for the quarter.

Unitholders in the country's largest listed investor in prime commercial property will receive a gross first-quarter distribution of 1.764c per unit.

Rental revenues for the three months to September rose 6.8 per cent to $34.99 million. Asset management fees for the quarter fell 15.5 per cent, due to reduced portfolio values.