Transurban's Solid September Quarter. Distribution Guidance Confirmed at the AGM
Transurban reported a solid September quarter with proportional revenue growth of 10.8% to AUD 529 million on traffic growth of 4.9%, partly boosted by the addition of the AirportLinkM7 asset in April. The quarter was in line with expectations and supports our view of distribution growth over the medium term. We forecast five-year CAGR in distributions of 8.5% to fiscal 2021. The annual general meeting also confirmed fiscal 2017 distribution guidance of AUD 50.5 cents per security.Our earnings ...
Transurban Group is engaged in the development, financing, operation and maintenance of toll road networks as well as management of the associated customer and client relationships. Co. manages and develops urban toll road networks in Australia and the U.S. Co. owns concession assets across four key market segments: Victoria, New South Wales, Queensland and the Greater Washington Area.
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.
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