The listed petrol station fund run by APN Property completed a steady run of acquisitions during the 2021 first-half in the midst of the pandemic disruption, boosting earnings and allowing it to reaffirm increased guidance for the full year.
APN Property Convenience Retail REIT’s Funds from operations – the preferred earnings measure in the sector because it removes the volatility of portfolio revaluations – rose 36.7 per cent to $12.3 million over the interim period.
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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
