Westfield’s Pivot to Dominant Assets Looks Set to Reward Investors. FVE Increases to AUD 10.50
Westfield Corporation’s 2016 funds from operations, or FFO, of USD 33.7 cents per security, cps, were exactly as guided. The firm continues to actively progress its rotation towards shopping centres that dominate local trade areas, with the weighting to its so-called "flagship assets," increasing from 80.4% to 82.4% over the course of 2016. The completion of major development projects should see this rising to 90% in late 2020. Delivery on this strategy to reweight towards higher-quality assets ...Westfield is engaged in the ownership, development, design, construction, asset management, leasing and marketing activities with respect to its U.S. and U.K. portfolio. Co.'s operational segment comprises the property investment and the property and project management segments. Property investments segment includes activities related to existing shopping centres and completed developments. Property and project management segment includes property management and development for third parties.
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.