This article is from the Australian Property Journal archive
DEXUS Industria REIT (ASX: DXI) has upgraded its previous FY24 guidance for funds from operation (FFO) per security.
DXI now expects to deliver an FFO per security of 17.4 cents, up from the previous guidance of 17.1 cents per security.
While the REITs guidance for distributions remains unchanged at 16.4 cents per security.
The increased FFO guidance has reportedly been driven by positive leasing outcomes at Jandakot and Brisbane Technology Park, in addition to lower net finance costs.
In February, Dexus Industria REIT posted a statutory net loss after tax of $10.2 million due to $36.1 million in valuation losses on investment properties, equivalent to 2.5% of total portfolio value and derivatives.
Meanwhile, Abacus Group (ASX: AGB) has reaffirmed its full year distribution guidance of 8.50 cents per security.
Abacus expects the second half distribution will be 50% franked at the corporate tax rate of 30%.
Abacus Group Holdings Limited, ABG’s parent entity, has sufficient franking credits to fully frank dividends amounting to around $173 million or 19.3 cents per security.
