Aust Unity Office Fund Half Yearly Results to Dec 2017
Australian Unity announced the AOF financial results for the 2018 half year.
Key financial and operational highlights included:
Funds from Operations' (FFO) of $13.1 million, or 8.6 cents per unit (CPU);
An increase in net tangible assets (NT A) to $2.31 per unit from $2.23 per unit at 30 June 2017;
Portfolio value increased to $574.8 million, primarily due to the acquisition of 150 Charlotte Street, Brisbane and property revaluations;
4.5 year weighted average lease expiry (WALE) and 94.4% portfolio occupancy; and
Gearing of 33.0%, with an increased average debt maturity of 3.2 years.
As part of results, AOF reconfirmed guidance for:
Financial year 2018 FFO guidance of between 17.1 and 17.3 CPU; and
Financial year 2018 distribution guidance of 15.6 CPU.