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Australian Unity Office Fund ( (AU:AOF) ) has provided an update.
Australian Unity Office Fund has encountered a setback in the sale of its Charlotte Street property in Brisbane due to a purchaser default. Initially contracted for $63.5 million, the sale faced delays and a revised offer of $54.5 million has been received, reflecting the property’s 96% vacancy and a new independent valuation of $52.5 million. Consequently, AOF has withdrawn its distribution guidance, which was contingent on the sale’s completion, and is considering the revised offer while holding a $4.8375 million deposit.
The most recent analyst rating on (AU:AOF) stock is a Hold with a A$0.49 price target. To see the full list of analyst forecasts on Australian Unity Office Fund stock, see the AU:AOF Stock Forecast page.
More about Australian Unity Office Fund
Australian Unity Office Fund (AOF) is managed by Australian Unity Investment Real Estate Limited (AUIREL), a wholly owned subsidiary of Australian Unity Limited. The company operates in the real estate investment sector, focusing on the acquisition, management, and sale of office properties in Australia.
Average Trading Volume: 181,894
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$75.62M
Learn more about AOF stock on TipRanks’ Stock Analysis page.