FY18 results were in line with expectations as is the FY19 outlook. The company provided FFO guidance of 29.2c per security, down 4.6% versus FY18. Given the relatively low level of gearing in the trust, distributions are expected to remain flat.
Macquarie is on research restrictions and cannot advise on a rating or target at present.
Sector: Real Estate.
Current Price is $5.11. Target price not assessed.