Documents

Core Property GDF Research Note

September 27, 2019
Read More

Taylor Collison GCM Research Report

September 17, 2019
Read More

Core Property GDF Research Report

September 12, 2019
Read More

Moelis GDF Research Report

August 23, 2019

GDF delivered FFO of $13.2m, or 8.66cpu, ~2% below Moelis estimates. GDF’s DPU of 9c for FY19 reflects a payout ratio of 104%, essentially reflecting the impact of higher gearing as GDF has funded the development of Botanicca 9. As income from this asset begins to come through, we see the payout ratio returning to […]

Read More

Morgans GDF Research Report

August 23, 2019

Projects in the pipeline GDF’s FY19 result delivered FFO of A$13.2m (vs A$11.2m in the pcp) with FY19 DPS of 9c in line with guidance. FY20 DPS guidance has been set at 9cps (in line with our forecasts) and implies a FY20 distribution yield of around 6.2% (paid quarterly). The near term focus remains on […]

Read More