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Abacus Property Group Announces FY20 Distribution Growth Guidance Withdrawal

23 Mar 2020  |  13:50:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: FY20 Distribution Growth Guidance Withdrawal

Abacus Property Group announced that in light of the uncertainty around the impacts of the COVID-19 pandemic, it is appropriate to withdraw its previously announced FY20 growth in distribution guidance of 2-3%. The Managing Director Steven Sewell advised that following the Federal Government's announced Stage 1 restrictions and anticipated impact on business, it is prudent to withdraw guidance. As the COVID-19 situation unfolds the Company have and will continue to undertake various measures to protect the health and safety of people, communities and stakeholders.

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