CFS Retail Property Trust Group (ASX:CFX) annual retail sales announcement has flagged soft sales growth.
The retail focussed property trust has 29 retail assets and observed sales accelerating post Christmas 2013 but levelling off over recent months.
CFS has attributed the conditions to consumer caution following the Federal Budget in May and unseasonably warm weather in autumn.
The company says it was pleased with specialty store moving annual turnover growth of 2.2 per cent over the 12 months to the end of June.
CFS Retail Property Trust Group will release its fiscal 2014 financial results on August 21.
CFS Retail Property reported a net profit of $188 million in the first half of the 2014 financial year.
