Housing boom lifts homemaker centre landlord Aventus
Key Points
- Revenue ($m) 133, up 25pc from year-earlier 106.6
- FFO ($m) 55.9 v 52.5
- Net profit ($m) 103.4 v 71.9
- Interim dividend 8.2c v 8.5c, payable on February 24
Homemaker centre landlord Aventus upgraded its full-year earnings guidance on Thursday as rising house prices and a lack of international travel drove shoppers to its malls in record numbers in the second half of 2020.
“We’ve had more customers visit our centres over the past 12 months – 44 million – than ever before,” said Aventus CEO Darren Holland who co-founded the large-format mall landlord with retail billionaire Brett Blundy.
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