Groups

News on REITS & Property Groups

Dexus Lowers Distribution Guidance as Interest Rates Impact

Dexus today announced that it had achieved Adjusted Funds From Operations (AFFO) and distributions of 53.2 cents per security for FY22, up 2.7% on the prior year but has lowered expectations for FY23 as interest rates begin to impact earnings.

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HomeCo Daily Needs expansion paying off

HomeCo Daily Needs REIT announced a 30% gain in earnings and an 18% increase in distribution per security as which underscores the strategic rationale for the transformational merger with Aventus and the significant progress being made to capitalise on HDN’s enhanced growth pipeline.

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GPT Delivers Solid Growth but Points to Challenges Ahead

GPT has lifted earnings by 8% as markets recovered from COVID, however the future remain uncertain across core real estate markets. GPT’s Chief Executive Officer, Bob Johnston, said: “The Group delivered a solid result in the half, despite the ongoing impacts of the global COVID-19 pandemic and the uncertain economic …

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Mirvac Announces New Joint Venture At Smiths Lane Melbourne

Mirvac has announced that it has entered into a 50 per cent joint venture with leading Thai real estate development company, Supalai, to deliver future stages at its masterplanned communities project, Smiths Lane in Melbourne.

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HealthCo REIT’s inaugural year exceeds IPO Forecasts

HealthCo Healthcare & Wellness REIT released its results for the full-year ended 30 June 2022 delivering in excess of its IPO PDS forecasts but flagging a buy intention to avoid the REIT trading at a discount to NTA.

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