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Big box Aventus centres defy the downturn

Nick Lenaghan
Nick LenaghanProperty editor

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Key Points

  • Revenue ($m) 169.9, up 1.6%
  • Pre-tax profit ($m) 1.8, up-110.2%
  • Net profit ($m) 0.7, down-95.4%
  • No final dividend 

Aventus Group has notched up the best rent collection rate during the pandemic for retail landlords so far with its portfolio of homemaker centres retaining their appeal for shoppers.

Through the height of the coronavirus-caused disruption, from the start of March until the end of June, Aventus collected 87 per cent of billed rent.

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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

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    Original URL: https://www.afr.com/property/commercial/big-box-aventus-centres-defy-the-downturn-20200824-p55oly