Australia's GDI Property jumps to near 2-month high on Funds From Operations boost

GDI Property

24/02/2025 24:57

** Shares of GDI Property  GDI.AX  rise as much as 2.5% to
A$0.625, their highest levels since December 27, 2024
    ** Co also posts its biggest intraday high since December 27
    ** The property owner and fund manager posts its half-yearly
Funds From Operations(FFO) at A$16.5 million ($10.52 million), a
25.6% increase y/y
    ** FFO gains driven by increase in property flows 
    ** GDI stock up 7.8%, YTD 

    ($1 = 1.5691 Australian dollars)

 (Reporting by Nichiket Sunil in Bengaluru)
 ((Nichiket.Sunil@thomsonreuters.com;))