First Impression: Shopping centres Australasia-SCP- FY16 result
Distributable Earnings of 13.75 cents per unit, up by 7.3% on the same period last year | Distribution up 7% to $12.2cpu, representing a payout ratio of 89% | Net tangible assets of $1.92 per unit, up by 8.5% from $1.77 per unit since 30 June 2015 (current price $2.09) |Portfolio occupancy 98.6% (specialty vacancy 4.3%) | Comparable sales growth: Specialty stores comparable MAT growth 5.6%, Aus Supermarkets up 0.2%, NZ | Supermarkets down 0.3%, discount department stores down 3.7%, mini majors up 5.5%.
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Bell Potter Securities is a leading Australian stockbroking, investment and financial advisory firm that provides a comprehensive offering of financial services to a diversified client base that includes individuals, institutions and corporations.
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