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News: APD APN Property Group Posts FUM At End Of April $2,561 Mln Vs $3,067 Mln At Dec 31, 2019

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    15/05/20
    11:30
    Post #: 44637625

    May 15 (Reuters) - APN Property Group Ltd (APD) :

    • FUM AT END OF APRIL STOOD AT $2,561 MILLION VERSUS$3,067 MILLION AT DEC 31, 2019
    • IMPLEMENTED A RANGE OF EXPENSE REDUCTION MEASURES
    • REDUCED ON ANNUALISED BASIS ABOUT 30% OF FY2019 OPERATING COSTS OF $14 MILLION
    • EXPECTS TO PAY A FINAL DISTRIBUTION FOR FY20 OF ABOUT 1.55 CENTS PER STAPLED SECURITY
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