Westfield Retail profit dips
- {{x.value}}
{{ twilioFailed ? 'SMS Code Failed to Send…' : 'Enter verification code' }}
{{ completedStep1 ? 'Authentication & Security' : content.trialHeading.replace('{0}', user.FirstName) }}
{{ content.upgradeHeading.replace('{0}', user.FirstName) }}
The email address you entered is registered with InvestSMART
Please login to continue
We have sent you an email with the details of your registration.
Looks you are already a member. Please enter your password to proceed
{{ upgradeCTAText }}
Updating information
Please wait ...
Your membership to InvestSMART Group recently failed to renew.
Please make sure your payment details are up to date to continue your membership.
Having trouble renewing?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
You've recently updated your payment details.
It may take a few minutes to update your subscription details, during this time you will not be able to view locked content.
If you are still having trouble viewing content after 10 minutes, try logging out of your account and logging back in.
Still having trouble viewing content?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
Please click on the ACTIVATE button to activate your Intelligent Investor 15-day free trial
Please click on the ACTIVATE button to finalise your membership
Unsuccessful registration
Registration for this event is available only to Eureka Report members. View our membership page for more information.
Registration for this event is available only to Intelligent Investor members. View our membership page for more information.
- You are already registered for this event.
- This event is already full.
- Please select a quantity for at least one ticket.
- {{ i }}
Forgotten password
Please enter your email address below to request a new password
- Verify your email address by clicking on the link we sent to {{user.Email}}
- You now have free access, we look forward to helping you on your financial journey.
Westfield Retail Trust (WRT) has reiterated its full-year earnings guidance, despite a slight fall in interim profit.
In the six months to June 30, Westfield Retail Trust's net profit was $402.1 million, a 3.6% decrease on the $416.9 million recorded in the previous corresponding period.
First-half funds from operations (FFO) a share was 9.9 cents, in line with analyst forecasts.
The group reconfirmed its full-year FFO forecast of 19.85 cents per stapled security, representing a 2.5% increase on the prior year.
"While we anticipate that the retail environment will continue to present challenges, our focus will be on driving the operating performance of our quality portfolio to increase underlying cash flows," managing director Domenic Panaccio said.
"Together with the value generated by our redevelopment program and capital management initiatives, the trust is well positioned to create long term value for security holders."
In the same period revenue was $549.6 million, 3.4% higher than the $351.7 million in the same period last year.
The group will pay an interim dividend of 9.925 cents on August 30.