Australia's Abacus Property rises on strong HY earnings, outlook

Abacus

17/02/2022 01:26

** Shares of the real-estate investment trust  ABP.AX  rise
as much as 4% to A$3.65, their highest level since Jan 19
    ** Abacus Property posts HY group statutory profit of
A$314.8 mln ($226.40 mln), up 107.4%  urn:newsml:reuters.com:*:nASX7r3g2M
    ** Announces HY distribution per security of 8.75 AU cents
    ** Sees distribution outlook of at least 18 AU cents per
security for FY22
    ** Stock down 7.4% this year, as of last close

    ($1 = 1.3904 Australian dollars)

 (Reporting by Jaskiran Singh in Bengaluru)
 ((Jaskiran.Singh@thomsonreuters.com;))