High yield is consistent with higher leverage and high-yielding industrial and office assets.
The use of low cost debt to purchase four warehouses for AUD 46 million near Perth Airport yielding 8.13% is a major factor behind Growthpoint’s upgraded fiscal 2018 earnings guidance. Growthpoint also cited favourable leasing outcomes during the first quarter as boosting its earnings outlook. All up, guided fiscal 2018 funds from operations, or FFO, guidance has been raised by 3% to at least AUD 24.3 cents per security, or cps, from at least 23.6 cps. Our forecasts were ahead of original guidan...
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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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