Carindale Property Trust (AU:CDP) has released an update.
Carindale Property Trust reports a successful fiscal year with a 4.4% increase in Funds From Operations totaling $27.5 million, and a distribution growth of 3.25% per unit. The Trust saw an uptick in retail sales and maintained high occupancy rates. Looking forward, the Trust anticipates a distribution increase of at least 5.0% for the upcoming year.
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