Specialist real estate investment manager APN Property Group Ltd. is conducting a review of the group's capital structure and assessing the merits of a stapled structure.

APN Property — which owns five real estate securities funds, six direct real estate funds and listed funds Industria REIT and Convenience Retail REIT — said the review is expected to run until the end of August.

The company made the announcement together with its interim results report, where it said its funds manage A$127 million of real estate securities and A$124 million of direct funds, as of Dec. 31, 2017.

APN Property also provided its outlook for full year 2018, with operating earnings affirmed at 2.35 Australian cents to 2.65 cents per security. The dividend guidance for the full year, on the other hand, was upgraded by 25 cents to 2.25 cents per security.