Investa Cranks Up Earnings Harvester in Sydney; FVE Unchanged at AUD 4.40
The 4% growth in Investa Office Fund’s fiscal 2017 funds from operations, or FFO, to AUD 29.7 cents per security was consistent with guidance and expectations. We retain our fair value estimate at AUD 4.40, and view narrow-moat-rated Investa as slightly overvalued, with shares currently trading around AUD 4.70. Even though leasing conditions are very strong in the Sydney and Melbourne office markets, guidance is for FFO growth of just 1% to AUD 30.0 cents per security. The low level of guided gr...Investa Office is a real estate investment trust formed by the stapling of the units in two Australian registered schemes, Armstrong Jones Office Fund and Prime Credit Property Trust. The principal activity of Co. is to own investment grade office buildings, generating rental and other property income. These properties are either owned directly or indirectly through the ownership of interests in unlisted entities.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
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.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.