Fairvest Property Holdings Limited ("Fairvest") today announced results for the year to 30 June 2019, with annual distributions increasing by 8.1% to 21.773 cents per share.
We are pleased to be able to deliver above market distribution growth in what can only be described as an extremely tough economic climate. Fairvest's continued financial outperformance is attributable to its focus on a differentiated sector of the market and its experienced management team who has managed the property portfolios through many different economic cycles. Our persistent drive to excel at property fundamentals continues to be reflected in low vacancies and record-low arrears, high tenant retention and solid growth in net property income.
Darren Wilder, Chief Executive Officer of Fairvest