August 2019 reporting season - Weeks 1 & 2

Week 1 of the August 2019 reporting season has kicked off and Core Property has reviewed results from a number of listed A-REITs.

  • SCA Property continues to reposition its acquired centres for resilience in a difficult retail environment.
  • BWP Trust looks for marginal growth, with the potential for asset sales to support distributions.
  • Centuria Metropolitan REIT and Centuria Industrial REIT expect growth, following recent acquisitions.
  • Charter Hall Education Trust looks to expand its investment mandate and tap into the Charter Hall platform for Social Infrastructure opportunities.
  • Mirvac Group delivers another strong result and remains confident to continue this growth.

Week 2 delivered results from:

  • GPT Group remain on track for 2.5% growth for the year.
  • Charter Hall Long WALE REIT targeting 4.0% growth in FY20 with a more diverse portfolio and longer WALE.
  • Arena REIT delivering 5.3% growth with more in store for FY20.
  • Centuria Capital Group targeting distributions to increase by 4.9% in FY20.
  • Dexus benefiting from the strong Sydney and Melbourne office markets and looking for 5.0% growth.
  • Vicinity Centres results impacted by the weak retail environment as well as asset sales
  • Charter Hall Retail REIT remaining resilient with 2.0% growth.

Click here to read our report on Week 2.