This article is from the Australian Property Journal archive
ASX-listed Elanor Commercial Property Fund (ASX: ECF) has announced an FFO of $8.45 million or 2.67 cents per security for the first quarter of the 2024 financial year.
Elanor Commercial Property Fund also announced a distribution of 2.125 cents per security.
ECF has also extended its debt by two-years to 31 August 2026 for an updated weighted average debt maturity of 2.6-years.
The fund is hedged to 78.9%, with a weighted average hedge maturity of 3.2-years.
ECF has reaffirmed a FY24 distribution guidance of 8.5 cents per security.
This update comes after ECF’s $38.5 million deal to sell the Nexus Centre in Brisbane to local property investment fund, Quantuna, fell apart.
