Centuria Office REIT has sounded a warning for the listed real estate sector, flagging significantly lower funds from operations and distributions in the coming year as rising debt costs eat into its earnings.
As the first property trust to report this earnings season, the Centuria-run REITs conservative guidance could well set the tone for those that follow.
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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
