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Abacus Property expects up to 3% hike in H2 distribution

Abacus Property Group expects its distributions per security for the second half of its 2018 financial year to grow between the range of 2% to 3% as the diversified property company sees a positive outlook for its business in the remainder of the fiscal year.

The company is also reaffirming its distribution target for full year 2018 at 18.0 Australian cents per security, with a 67% payout ratio.