Fountainhead FY headline earnings per unit slip to 56.98c from 60.30c in FY 2013
2014-10-10 · Industrial Developments news
Fountainhead Property Trust (FPT) on Thursday reported slower profit growth for the 2014 financial year as tough trading conditions and the uncertain economic environment weighed on earnings.
The property unit trust primarily focused on retail assets said headline earnings per unit slipped to 56.98c in the year ended August compared with 60.30c in 2013.
Fountainhead’s retail properties include Centurion Mall‚ Boulders Shopping Centre‚ The Brightwater Commons‚ Benmore Gardens and Bryanston Shopping Centre.
The group’s net asset value increased by 7.2% during the period compared with the same time a year ago.
It raised its total distribution by 6.9% to 58.28c per unit.
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