Full Year 2022 Asset Plus Ltd Earnings Call Transcript
Thank you for standing by and welcome to the Asset Plus financial results conference call. (Operator Instructions) I would now like to hand the conference over to Mr. Mark Francis, CEO of Centuria NZ, Manager at Asset Plus. Please go ahead.
Thank you. Good morning, everybody. Thanks for dialing in. Appreciate it's busy results today, so thanks for your time. Look, we'll walk through the presentation, which no doubt you've got in front of you and we have to take some questions at the end. So I guess, look, a period probably best summarized by flat valuations and reducing rental income line largely driven by the Graham Street building going vacant at the council lease and we'll talk more about that particular property later in the presentation.
After tax net profit, obviously, $2.93 against $15.95 the prior year, which was of course driven by some pretty significant reval gains, which we had in FY '21, which obviously weren't present in FY '22. AFFO down to 4.22% from 5.82% the prior year. And
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