GPT Group announces 28.3% growth in net profit for 1H 2017
Australia-listed mixed commercial REIT, GPT Group, has delivered a net profit after tax of AUD752.3 million (USD590 million) for the…
Australian REITs under siege by shift towards online retail, says S&P
Lacklustre retail sales and the ongoing shift towards online retailing present formidable challenges for retail REITs in Australia, says S&P…
BWP Trust reports 4.3% increase in full year distribution for 2017 on rent growth
BWP Trust disclosed on 2 August that it has achieved a 4.3% increase in full year distributions, which came in…
Suntec REIT announces acquisition from Mirvac Group as DPU falls 0.3%
Suntec REIT has announced a DPU of 2.493 Singapore cents for its 2Q 2017, a fall of 0.3% year-on-year from…
Mirvac sells 50% stake in 664 Collins Street for AUD138 million
Australia’s Mirvac Group has entered into agreement to sell a 50% stake in 664 Collins Street in Melbourne for AUD138…
BWP Trust estimates 5.35% increase in distribution for 1H 2017
BWP Trust has estimated a distribution per unit (DPU) of 8.85 Australian cents for the REIT’s six month period ending…
Garda Diversified Property Fund acquires Queensland property for AUD19 million
Garda Diversified Property Fund announced on 14 June that it is acquiring a four-hectare freehold industrial facility in the Australia…
Goodman Group on course for 7.5% growth in FY 2017
Goodman Group has reaffirmed its 7.5% growth forecast for 2017, predicting 43.1 cents earnings per security (EPS) for the full…
Garda Diversified Property Fund to divest CASA Building for AUD23 million
Australia-listed Garda Diversified Property Fund has entered into a contract to divest the property located at 12-14 The Circuit, Eagle…
Standard & Poor’s affirms BWP Trust’s ‘A-‘ rating
Standard & Poor’s (S&P’s) Global Ratings announced on 28 March that it has affirmed an 'A-' long-term rating on Australian…