Aug 15, 2023 / 01:00AM GMT
Anthony Michael Grainger Mellowes - Region Group - CEO & Executive Director of Shopping Centres Australasia Property Group RE Limited
Thank you very much for that, and welcome to our FY '23 Full Year Financial Results. My name is Anthony Mellowes, I'm the Chief Executive Officer. Presenting these results with me today is Evan Walsh, our Chief Financial Officer; and Mark Fleming, our Chief Operating Officer.
Firstly, let me take you to Slide 4, which sets out our FY '23 highlights. Our FFO per unit of $16.9, and AFFO per unit of $15.3 was a decrease of 2.6% and flat, respectively, on FY '22. There was a statutory net loss after tax of $123.6 million. Our NTA decreased to $2.55 per unit, a decrease of 3.8% from December 2022.
Our portfolio occupancy is roughly 98%, and our specialty vacancies remained steady at 5%. We made $180 million of acquisitions and divested $50 million of assets during the year. And our weighted average cost of debt increased to 3.4% with a 4.4-year weighted average debt maturity.
Moving to Slide 5, which sets out some of the key achievements for the
Full Year 2023 Region Re Ltd Earnings Call Transcript
Aug 15, 2023
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