APN Convenience Retail REIT's $450 million petrol station portfolio has proven a bulwark during the economic slowdown, with the landlord pressed for minimal rent relief and confident enough to forecast modest earnings growth in the coming year.
Booking in a 13.3 per cent lift in funds from operations – the industry's preferred earnings measure – the property trust reported only minimal impact on its revenue from the coronavirus pandemic.
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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
