REITS

Goodman Group provided the market with an update on its activities over the last quarter and increased its earnings growth per security guidance for FY23 to 15%.

The GPT Group released its operational update for the quarter ended 31 March 2023 revealing earnings remain on track despite ongoing issues in the Office sector.

Australian Unity Office fund announced the funds half year 2023 financial results which continues to reflect the out workings of their stated strategy to return capital to investors.

Cromwell Property Group announced its results for the half-year period 31 December 2022 (HY23) reporting an operating profit of $87.1 million, down -9.,6% on the prior corresponding period.

Elanor Investors announced its interim financial results for the half year ended 31 December 2022 revealing a 6% growth in funds under management and a 5.5% increase in core earnings.

Ingenia Communities Group announced underlying profit of $34.8 million, up 24% on the prior year, as the business benefitted from a growing revenue base.

HomeCo released their half year 2023 earnings revealing operating EPS of 31.0 cps pre-tax (+126%), including 10.4 cents of transactional income and 9.5 cents of trading profits from the sale of investment properties.

Scentre Group released its results for the 12 months to 31 December 2022 with Funds From Operations (FFO) of $1,040 million (20.06 cents per security), up 20.6%, and Distribution of 15.75 cents per security, up 10.5%, both exceeding guidance.

Qualitas presented its financial results for the six months to 31 December 2022 revealing a record capital deployment of $1.76b and continued growth in FUM and earnings.

National Storage REIT (ASX: NSR) today announces its financial results for the half year ended 31 December 2022 with an A-IFRS profit after tax of $182.3 million (EPS 15.2 cps) and Underlying EPS1 of 6.0 cps).

Stockland has released its results today for the half year to 31 December 2022 delivering Funds From Operations (FFO) of $353m and FFO per security of 14.8 cents in 1H23, both up by 0.7% relative to 1H22

The GPT Group announced its results for the 12 months to 31 December 2022 with a -$1.0bn drop in net profit after tax due to negative investment property movements however earnings per security was up from 28.82 cents in pcp to 32.4 cents.

Charter Hall Group announced its 1H FY23 results for the period ending 31 December 2022 revealing a -9.1% drop in pre-tax operating earnings and a decline in net equity inflows as the markets adjust to a world of higher interest rates.

HomeCo Daily Needs REIT released its results for the half-year ended 31 December 2022 today underscoring their conviction on the Neighbourhood & LFR and Health & Wellness sectors with strong leasing and increasing income supporting an 8% increase in FFO per unit.

Goodman released its results for the half year ended 31 December 2022 this week, delivering an operating profit of $877 million, up 11.5% on the first half of FY22, and operating earnings per security of 46.4 cents, up 10.7% on the same period last year.