Brickworks (ASX:BKW) said property earnings before interest, taxes, depreciation, and amortization (EBITDA) for the fiscal second half is expected to be higher than reported in the fiscal first half due to revaluation gains and development profits, according to a Monday ASX filing.
A revaluation gain of AU$65 million for the Industrial Property Trust is driven primarily by a moderate compression of capitalization rates during the period.
A development profit of around AU$39 million is expected from Oakdale East Stage 2.
Building Products Australia is expected to deliver fiscal H2 EBITDA slightly ahead of the fiscal H1, while Building Products North America is expected to deliver a positive fiscal H2 EBITDA, with a marginally positive EBITDA result for the fiscal year.
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