IOF – Macquarie rates the stock as No Rating

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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.

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