Look at the cash flow statement.
$30m was capitalised on "investment properties", this relates to capex and cash incentives, as they made no acquisitions.
They spent nearly the same amount in H1 FY23.
When you deduct this from cash generated from operating activities, your FCF is $6m.
Nearly all of the "distribution" is really a return of capital and the fund it, they will need to keep selling properties.
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Last
$1.22 |
Change
0.000(0.00%) |
Mkt cap ! $728.7M | |||
| Open | High | Low | Value | Volume |
| $1.23 | $1.23 | $1.22 | $695.0K | 569.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 25000 | $1.22 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.23 | 28167 | 3 |
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| Last trade - 16.10pm 21/07/2025 (20 minute delay) ? |
| COF (ASX) Chart |