GDI confirms forecast on funds growth

Company News

GDI Property Group Limited (ASX:GDI) has confirmed its 2015 guidance with funds from operations to reach 8.2 cents per share.
 
The real estate investment trust debuted on the ASX in December last year and says its first 6 months were ahead of offer document’s forecasts.
 
The company says its recently acquired property, 66 Goulburn street has had strong leasing enquiries after it was purchased for $2 million less than an independent valuation. 
 
Managing Director Steve Gillard says the company has identified a number of potential acquisitions and intends to launch a large fund early next year. 
 
GDI reported a net profit of $12.9 million in the 2014 financial year.