GDI Property Group Limited Reports Audited Consolidated Earnings Results for the Half Year Ended December 31, 2015; Provides Earnings Guidance for the Fiscal Year 2016
February 21, 2016 at 09:46 pm
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GDI Property Group Limited reported audited consolidated earnings results for the half year ended December 31, 2015. For the period, the company reported revenue from ordinary activities was $38,207,000 compared to $39,513,000 a year ago. Profit before tax was $16,932,000 compared to $35,486,000 a year ago. Profit from continuing operations was $16,932,000 compared to $36,083,000 a year ago. Net profit for the period was $17,037,000 or 3.12 diluted per unit compared to $36,083,000 or 6.65 diluted per unit a year ago. Net cash inflows from operating activities was $19,337,000 compared to $26,910,000 a year ago. Payments for capital expenditure was $5,113,000 compared to $1,129,000 a year ago. Funds from operations was $26,013,000 or 4.815 cents per security compared to $23,707,000 or 4.180 cents per security a year ago. AFFO was $20,950,000.
For the fiscal year 2016, the company confirms guidance of FFO of 8.2 cents per security and distribution of 7.75 cents per security.
GDI Property Group Limited is a property owner and fund manager. The Company is a fully integrated, internally managed property and fund management group with capabilities in ownership, management, refurbishment, leasing and syndication of properties. The Companyâs segments include Property, Funds management and Co-living JV. The Property segment is engaged in investment and management of income-producing properties. The Funds management is focused on the establishment and management of property investment vehicles. The Co-living JV segment is engaged in the ownership, management and syndication of Co-living mining accommodation. It manages property investments in Greater Sydney, Brisbane, Perth and Southeast Queensland and North Queensland. Its listed properties include 301-311 Wellington Street, Perth, WA; 419-431 Murray Street, Perth, WA; 180 Hay Street, Perth, WA, and others. Its unlisted properties include GDI No. 46 Property Trust, 6 Sunray Drive, Innaloo, Perth WA and others.
GDI Property Group Limited Reports Audited Consolidated Earnings Results for the Half Year Ended December 31, 2015; Provides Earnings Guidance for the Fiscal Year 2016
GDI PROPERTY GROUP 
