Region Group (ASX:RGN)
A$ 2.12 -0.02 (-0.93%) Market Cap: 2.46 Bil Enterprise Value: 3.95 Bil PE Ratio: 0 PB Ratio: 176.67 GF Score: 70/100
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Full Year 2019 Shopping Centres Australasia Property Group Re Ltd Earnings Call Transcript

Aug 06, 2019 / 12:00AM GMT
Release Date Price: A$2.53 (-0.78%)
Anthony Michael Grainger Mellowes
Shopping Centres Australasia Property Group - CEO & Executive Director of Shopping Centres Australasia Property Group RE Limited

Thanks very much, and welcome everybody to the FY '19 Full Year Financial Results for SCA Property Group. My name is Anthony Mellowes, and I'm the Chief Executive Officer. Presenting these results with me today is Mark Fleming, our Chief Financial Officer. Also in the room with me is Mark Lamb, our Company Secretary and General Counsel.

Firstly, let me say we're pleased with our results that we've been able to achieve over the last 12 months and that we once again exceeded our initial earnings guidance. This has been achieved by remaining true to our core strategy of investing in and managing convenience-based centers weighted towards the nondiscretionary retail sector in Australia.

Firstly, let me take you to Slide 4, which sets out FY '19 highlights. Our FFO per unit of $0.1633 per unit and distribution per unit of $0.147 was an increase of 6.7% and 5.8%, respectively, over FY '18. Our FFO, or funds from operation, was

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