Listed service station fund Viva Energy REIT is considering making more acquisitions after lifting its full-year distribution forecast.
The trust (VVR) reported net profit after tax of $43.1 million in the six months to June 30.
Distributable earnings were $47m, while revenue was $78.8m in the half.
The trust now expects a full-year 2017 distribution of 13.2 cents per security after updating its forecast in June, which is higher than the prospectus forecast from last year of 13.07 cents per security.
Viva Energy REIT listed a year ago and owns a $2.22 billion portfolio of service station properties across Australia.
Between inception and June 30, the group has inked contracts to buy 12 properties totalling $115.3m.
The group said it has acquisition opportunities under consideration that are consistent with its strategy of owning a portfolio of high quality, strategically located service stations.
The trust paid an interim distribution for the half of 6.6 cents per security on August 11 to shareholders who were on the register on July 26.
Shares slipped 0.5 per cent to $2.16 in midday trade.
Extracted from The Australian.