Carindale Property Trust ( (AU:CDP) ) has issued an update.
Carindale Property Trust reported an 8.6% increase in Funds from Operations (FFO) to $14.6 million for the first half of the financial year, alongside a statutory profit of $19.1 million. The trust achieved a net operating cash flow of $14.8 million and distributed $11.5 million to unitholders. With a strong customer visitation of 14 million and retail sales of $1.09 billion, the trust completed 61 leasing deals, boosting occupancy to 99.9%. The property value rose to $1,558 million, reflecting successful project completions and income growth.
More about Carindale Property Trust
Carindale Property Trust operates in the real estate industry, focusing on property investment and management. The company is involved in retail property management, providing spaces for business partners to engage with customers, and is known for its strong occupancy rates and strategic property developments.
YTD Price Performance: 3.65%
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €231.2M
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