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Centuria Metropolitan reaffirms guidance for FY'18

Centuria Metropolitan REIT reaffirmed its distributable earnings guidance for fiscal year 2018 at 18.6 Australian cents per security.

Fiscal-year 2018 distribution, meanwhile, is seen to hit 18.1 cents per security, up 3.4% from the previous year's distribution and represents a 7.6% distribution yield for the fiscal full-year.

Distribution payout will be made in four equal installments of 4.525 cents per security.

As of Aug. 11, US$1 was equivalent to A$1.27.