GDI Property Group (AU:GDI) has released an update.
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GDI Property Group reported a revenue increase to $69.8 million, up by 10.9% for the year ended 30 June 2024, but faced a significant net loss of $6.9 million compared to a $16.6 million profit in the previous year. Funds from operations saw a modest rise of 5.1%, resulting in a distribution to security holders that marginally grew by 0.9%. The company’s market capitalisation dipped by 12.4%, with a decrease in security holder’s equity and a net tangible assets per security drop to $1.19.
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