BUZZ-Australia's GDI Property jumps to near 2-month high on Funds From Operations boost

Reuters

2025/02/24

** Shares of GDI Property GDI.AX rise as much as 2.5% to A$0.625, their highest levels since December 27, 2024

** Co also posts its biggest intraday high since December 27

** The property owner and fund manager posts its half-yearly Funds From Operations(FFO) at A$16.5 million ($10.52 million), a 25.6% increase y/y

** FFO gains driven by increase in property flows

** GDI stock up 7.8%, YTD

($1 = 1.5691 Australian dollars)

(Reporting by Nichiket Sunil in Bengaluru)

((Nichiket.Sunil@thomsonreuters.com;))

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