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GDI Property provides FY'18 distribution guidance
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In its financial results for the half year ended Dec. 31, 2017, GDI Property Group said it expects its per-security distribution for fiscal year 2018 to be at 7.75 Australian cents.
GDI Property's board also approved extending the company's securities buyback program for another 12 months, with the intention to repurchase up to 5% of its securities on the market. The trust said it plans to finance the buyback via its undrawn debt facilities.