Australia's Garda Diversified Property hits two-week high on upgraded funds outlook

Garda Diversified Property Fund

15/05/2025 05:32

** Shares of Garda Diversified Property GDF.AX rise as much as 1.3% to A$1.150, their highest levels since May 2

* The real estate investment trust expects FY25 funds from ops to be ~A$15 million, 12% higher than previous FY25 outlook

** Says this is largely due to an increase in co's lending activities

** Over 113,000 shares change hands, 2.3x the 30-day avg

** Stock down 5.2%, YTD

 (Reporting by Kumar Tanishk in Bengaluru)

 ((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk;))