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Investa Office Fund expects FY'19 FFO to slide 4.6% YOY

Investa Office Fund provided funds from operations guidance for fiscal full-year 2019, expecting it to decline 4.6% on an annual basis to 29.2 Australian cents per unit.

FFO for the 2018 fiscal year ended June 30 reached A$184.0 million, or 30.6 cents per unit, marking a 3.0% incline year over year on a per-unit basis.

Distribution for the 2019 fiscal year is expected to remain the same year over year at 20.3 cents per unit.

The guidance takes into account current market conditions and assumes that the Australian office property-focused company will not acquire or sell any assets during the period. Investa Office Fund is also the subject of an ongoing board-backed A$3.14 billion takeover bid.