Reporting season continues, Wollongong Central for sale

In the past week, SCA Property Group (ASX: SCP), Australia Unity Office Fund (ASX: AOF), Centuria Industrial REIT (ASX: CIP), Centuria Metropolitan REIT (ASX: CMA) and Mirvac Group (ASX: MGR) reported half year results and reconfirmed earnings guidance for FY18. BWP Trust (ASX: BWP) also reported half year results and provided new guidance that it expects to maintain distribution growth at 1.7% in the second half.

Reporting season continues this week with results from GPT Group (ASX: GPT), Propertylink Group (ASX: PLG), Goodman Group (ASX: GMG), Dexus Property Group (ASX: DXS), Vicinity Centres (ASX: VCX), Folkestone Education Trust (ASX: FET) and Charter Hall Long WALE REIT (ASX: CLW).

GPT’s Unlisted Wholesale Shopping Centre Fund (GWSCF) announced that it is looking to sell Wollongong Central shopping centre, with price expectations of around $500M. The Fund was established in March 2007 with a $1.9B portfolio consisting of interests in eight retail assets located across NSW and VIC. As at 30 September 2017, the Fund recorded a total asset value of $4.8B.