Elanor Commercial Property Fund (ASX:ECF) Reports Preliminary Final Results for Year Ended June 2025
Financial Performance
Elanor Commercial Property Fund reported a 0.3% decrease in revenue to $40.5 million and a significant reduction in loss by 79.8% to ($5.4) million. Funds from Operations (FFO) increased by 6.9% to $35.4 million.
Distribution
The Fund declared quarterly distributions of 1.875 cents per unit. A final distribution comprising 1.1875 cents per unit is payable on 1 September 2025.
Lease Activity
Elanor executed new leases and renewals for nearly 12,000m², reduced FY26 lease expiries from 28% to 25%, and maintained a high occupancy rate of 96.3%.
Takeover Offer
The Lederer Group made an unsolicited takeover offer to acquire all stapled securities in the Fund at 70 cents per security, which the Independent Board Committee recommended rejecting.
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