MTLT announces 2018/19 annual result

Tuesday, 13 August 2019

Masterton Trust Lands Trust (MTLT) announced positive financial results and an increase in grants for the 12 months ended 31 March 2019 at its annual general meeting.

The community-owned Trust recorded an operating surplus of $5.3 million and a 10.9 percent increase in equity to $46.3 million. Rental income increased marginally to $5 million as a result of a 100 percent occupancy rate and strong rental growth.