GARDA Diversified Property Fund

1H20 results: steadying the ship

  • 1H20 results saw FFO per security declining 1.1%. Growth from acquisitions offset by issue of new securities.
  • Industrial acquisitions and developments continue to fuel growth.
  • Botanicca 9 remains vacant, we now expect this to be progressively leased up by July 2021.
  • Management guidance implies FY20 FFO of 8.2 cps (from 8.7 cps in FY19). FY20 distributions to be maintained at 9.0 cps or 110% payout ratio.

Download our report for the full details.