News on REITS & Property Groups

Mirvac Grows Operating Profit by 8% per security

Mirvac Group released its full-year result for the financial year ended 30 June 2022, delivering a strong result ahead of guidance, with a statutory profit of $906m and operating profit of $596m, representing 15.1 cents per stapled security (cpss), up 8% on prior year.

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Diversification Strengthens Centuria’s FY22 Results

Australasian real estate fund manager, Centuria Capital Group, has credited the diversification of its platform to delivering strong FY22 full year results, meeting operating earnings per security (OEPS) guidance of 14.5cps (+20.8% pcp)

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Dexus Industria REIT EPS struggle with growth

A delay in deploying capital and the departure of a major tenant at Rhodes Corporate Park has dragged the performance of the Dexus Industria REIT with earnings per security down 7.2% in FY22.

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GURNERT & Qualitas submit plans for $450m build-to-rent precinct

Multi-billion-dollar developer GURNER™ and leading Australian alternative real estate investment manager Qualitas have submitted plans for their first Build to Rent development in Sydney, at 12 Hassall Street Parramatta, that will add $450million to their rapidly expanding GQ BTR portfolio.

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