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Aventus Retail Property Fund Provides an Update on Trading and Distribution Details

24 Sep 2021  |  10:06:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Trading Update and Distribution Details

Aventus Retail Property Fund advised that cash collection across the portfolio has exceeded expectations at the time of the FY 2021 full year results presentation on 18 August 2021. Collections for July 2021 were 95% compared to 94%2, while August 2021 collections were 84% compared to 80%. It announced that the Company Board has approved a distribution for the September 2021 quarter of 4.50c per security which is 0.13c per security higher than the prior quarter distribution. The DRP remains activated for this quarter, with no discount. The Group’s distribution payout ratio is 90% - 100% of FFO.

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