Garda Property Group (ASX:GDF) Releases HY25 Interim Financial Report
Financial Performance
Garda Property Group reported a 9.3% decrease in revenue to $15.157 million for the half-year ending 31 December 2024. Funds from operations increased by 5.9% to $7.368 million. The net loss after tax improved to $10.193 million from $34.612 million. Total assets decreased by 8.7% to $567.287 million, and net assets fell by 11.5% to $325.252 million.
Dividends and Distributions
For the six months ended 31 December 2024, Garda distributed a total of $3.60c per security, up from $3.15c in the same period last year. The company declared interim dividends of $0.225c each on 27 September 2024 and 31 December 2024, with payment dates on 15 October 2024 and 16 January 2025 respectively.
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