News: GMG Goodman Group provides Q1 2017 operational update

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    Nov 7 (Reuters) - Goodman Group Pty Ltd (GMG)

    • Reaffirming forecast FY2017 full year operating earnings per security of 42.5 cents, up 6% on FY2016
    • Qtrly occupancy maintained at 96% across group and partnerships
    • Qtrly total assets under management of $34.2 billion
    • Urban renewal strategy progressing ahead of expectations
    • Ongoing focus remains to improve asset and income quality, with rate expected to slow as these sales are completed
    • Reaffirms its forecast full year FY2017 forecast distribution of 25.4 cents per security, up 6% on FY2016
    • "Settlement from urban renewal sites will result in group's gearing trending below 10% and coupled with positive momentum in first quarter"
 
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