APN Industria REIT is pleased to announce its results for the year ended 30 June 2020
Key highlights
- Funds From Operations (FFO) up $5.6 million or 17.8% to $36.8 million, an increase of 1.6% to 19.3 cents on a per security basis
- Strong cash flow with 98% cash collections
- Record leasing volumes, with 28,900 square metres completed
- 28.8% gearing, below the target band of 30-40%
- Solid outlook, with FY21 FFO and DPS (per security) anticipated to be around the same as FY20
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