Mall landlord forecasts ‘best ever’ earnings as pandemic hit recedes
Convenience mall landlord SCA Property Group forecast its “best ever” full-year earnings results since listing almost 10 years ago, after a bumper six months of acquisitions and amid expectations the impacts of the pandemic will recede further across its $4.4 billion investment portfolio over the second half of the financial year.
The trust, which derives 42 per cent of its income from Woolworths and Coles leases, forecast adjusted funds from operations (AFFO) – its key earnings metric, tied to distributions – for fiscal 2022 of 15.2¢ per unit, up from 15¢ guided in October.
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Commercial
Fetching latest articles