Shopping Centres Australasia Property Group RE Ltd. (AU:RGN) has released an update.
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Region Group (ASX: RGN) reported a decrease in their Adjusted Funds from Operations (AFFO) by 11.1% in FY23, amidst challenging macroeconomic conditions. Despite this, the company achieved a 3% growth in net operating income and distributed $159.2 million to shareholders. The company also completed a strategic disposal program, selling non-core assets and reinvesting in higher yielding opportunities.
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