Final distribution (c) 1.9, up3.4%, payable on Aug 21
Cromwell Property Group chief executive Paul Weightman has issued a full-throated slap down of the fund manager's largest investor, Singapore's ARA Asset Management, telling it to stop its criticism and "keep its own house in order".
Mr Weightman's remarks came as Cromwell booked a 27 per cent lift in its operating profit to $221.2 million for fiscal 2020, beating its original earnings per share guidance for the year. Statutory profit rose 13.3 per cent to $181.1 million.
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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
