National Property Trust has reported 1.5% rise in its distributable half year profit to $4.85 million in the six months to September despite incurring rise in input costs during the period due to making investments in extending banking facility. NPT also sold its assets including Rialto Centre and Carlton DFK Tower in Auckland under its capital management plans to reduce debt burden and to fund some of its ongoing financial programs. The sale of retail properties helped it to generate proceeds of $62 million for maintain its conservative gearing ratio of 22.5%. National Property Trust lost $9.1 million during the reporting period including $4.4 million of unrealized losses in property valuations and losses incurred due to sale of some investment properties. John Crone, General Manager of the National Property Trust Ltd, hoped further improvement in the property market in response to rising conditions of the economic market.