Highlights
Financial
- Net profit $99.5 million (up 78%)
- FFO 14.2 cpu(up 3%) and DPU 9.55 cpu(up 3%)
- Full year guidance upgraded from 27.3 cputo 27.5 cpu–3.8% growth on FY14
- NTA up 7 cents to $3.42
Portfolio
- Another active period of leasing, with 30,000 sqmleased –including 11,400 sqm in Brisbane –de-risking the outlook
- Progressing well with value-add refurbishments totalling $40 million
- Exchanged contracts on final offshore asset for €54.9 million and completed sale of 628 Bourke Street Melbourne at 14% premium to book value
Capital Management
- Completed bank debt refinancing of $398 million
- Maintain long weighted average debt duration of 5.4 years
- Low weighted average cost of debt –4.2%
To view Presentation please download PDF attached:
