The company reports on August 8 and Credit Suisse forecasts free funds from operations of 17.1 cents per security, at the top end of the previously upgraded guidance range. FY17 has been characterised by outperformance in leasing.
Neutral retained. Target is raised to $2.25 from $2.10.
Sector: Real Estate.
Target price is $2.25.Current Price is $2.20. Difference: $0.05 – (brackets indicate current price is over target). If AOF meets the Credit Suisse target it will return approximately 2% (excluding dividends, fees and charges – negative figures indicate an expected loss).