- 1H20 results saw FFO per security declining 1.1%. Growth from acquisitions offset by issue of new securities.
- Industrial acquisitions and developments continue to fuel growth.
- Botanicca 9 remains vacant, we now expect this to be progressively leased up by July 2021.
- Management guidance implies FY20 FFO of 8.2 cps (from 8.7 cps in FY19). FY20 distributions to be maintained at 9.0 cps or 110% payout ratio.
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