FY23 Results

Abacus announced their results for 1H23 delivering FFO of $81.4 million, up 0.4% on HY22 and FFO per security of 9.1 cents, down 7.0% on HY22.

Growthpoint Properties announced its financial results for the 1H23 delivering income growth in line with its December earnings upgrade and extending its buy back program to assist in reducing the price gap to NTA.

Dexus today announced its results for the half year ended 31 December 2022, confirming a distribution of 28.0 cents per security.

Lifestyle Communities provided their half year result this week revealing a net profit after tax of $25.3 million, compared to $27.5 million in the same period last year.

Arena REIT (Arena) has today announced a net operating profit for the half-year ended 31 December 2022 of $29.9 million, up 8.6% on the pcp.

Despite challenging market conditions, Mirvac delivered an operating profit of $305m, up 3% on 1H22 and representing 7.7 cents per stapled security (cpss). The result was primarily driven by growth in the Integrated Investment Portfolio (IIP).

Charter Hall Long WALE REIT today announces its half year results for the period ending 31 December 2022 revealing the expected drop in income from higher operating costs.

Australasian real estate fund manager, Centuria Capital Group has delivered strong interim results for the first half of the 2023 financial year, underpinned by organic growth across its real estate platform, particularly within alternative sectors, and strong capital management.

Australia’s largest listed pure-play office fund, Centuria Office REIT (ASX: COF), has leased c.30,000sqm across its Australia-wide portfolio during HY23, which materially increased its occupancy to a healthy 96.4%.