CPA profit tumbles in FY

The REIT says it faces a challenging office market after announcing a sharp fall in full-year profit.

The Commonwealth Property Office Fund says it faces short-term challenges in a weaker officer market after posting a steep fall in full-year net profit. 

Net profit dropped to $145.4 million, from $256.4 million in the prior year, largely on a downward revaluation of $40.1 million on properties and associates.

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