Aventus Group Reported Strong Result In 1H FY2020.

  • Feb 11, 2020 AEDT
  • Team Kalkine

Aventus Group (ASX: AVN) has released its 1H FY2020 outcome for the period ended 31 December 2019.

Portfolio Highlights:

  • Like-for-like Net Operating Income increased by 3.1%.
  • Able to achieve high occupancy of 98.6%.
  • High exposure to national tenants, comprising 87% of the portfolio by GLA.

Financial Highlights:

  • Funds from Operations during the period was $53 million.
  • Distribution per shares was 8.5 cents.
  • Total Shareholder Return of 44.1% for the 12 months ended 31 December 2019.
  • Statutory profit for the period was $72 million.



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