Full-year profits at the ASX-listed properties securities fund run by AIMS Group slumped by 29 per cent after a dramatic year in which the fund manager fought off efforts by disgruntled shareholders to wind it up.
Profits for the AIMS Property Securities Fund fell to $9.9 million over the 2019 financial year, down from $14.0 million in the previous year.
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Nick Lenaghan edits the property section, which covers all aspects, from residential real estate and housing and construction to commercial property – office, retail, industrial – and major ASX-listed developers and real estate investment trusts. Connect with Nick on Twitter. Email Nick at nlenaghan@afr.com
