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Home > Insights > COVID-19 Trading Update released 7 May 2020

COVID-19 Trading Update released 7 May 2020

May 2020

Home Consortium released a trading update to address the impact of COVID-19 on the business. We:

1. Reinstated FY20 distribution guidance at a minimum of $0.05 per security (fully franked) and concluded go forward agreements with 95% of our tenants.

2. Provided an update on the resilient foot traffic conditions at our centres which were 17% up in March, only -10% over April and have rebounded to normalised conditions in the last few weeks.

3. Confirmed our development growth pipeline remains on track with Cairns and Coffs Harbour expected to complete in 1H FY21 with Richlands due to open in 2H FY21.

You can read the full trading update here: https://bit.ly/2Z5ErV9